Is there a new blockchain that will compete with Ethereum?

armanhusni

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Quote from: cryptoknows on August 13, 2021, 11:34:09 AM

We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?

Here's what you call the new platform: Binance Smart Chain (BSC)You may be talking about the platform.Currently, the platform that is going to be very popular after the Ethereum platform is the Binance Smart Chain platform. Due to the fact that the transaction fee of this Binance Smart Chain platform is less than that of Etherium platform, people are now moving to Binance Smart Chain platform.

Bollexz1

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We've all seen the BSC and polygon network copying and competing with Ethereum network for quite a long time now. Apart from gas fee, I don't think there's any other features that best beat the Ethereum network in operation. Moreover, Binance network are now experiencing congestion. So I think for them to scale it right, that's where gas price hike comes in

MFahad

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The eth blockchain having a huge amount of fee, where binance smart chain have low fee. So many other blockchain also can beat eth because of fee.
In the recent day i heard about the qureshi blockchain . i think it will beat all the blockchains.

haenko

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Personally, I think NEAR Protocol can compete with Ethereum, this is the L1 blockchain made by the guys who worked at Google and Facebook, as well as the winners of the world programming olympiads. NEAR has a transaction speed of up to 2 seconds and a gas price of <$ 0.01, and it is also environmentally friendly. But the most important thing is that NEAR launched sharding, and the number of shards will increase every year, which means that NEAR Protocol will be able to withstand any load on its network, and the speed of transactions and the price of gas will always remain the same fast and cheap. Sharding is really important, look what happened to Ethereum and Avalanch when they gained popularity and got a big load on their network, how much price of gas grew in their network, it should not be so. I think NEAR can easily compete not only with Ethereum but also with other cool L1 blockchains.

Kena Banned

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Quote from: aprilnot on October 20, 2021, 09:22:15 PM

Quote from: cryptoknows on August 13, 2021, 11:34:09 AM

We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?

currently ethereum is not a superior platform that is difficult to beat. they are still having problems with scaling and fees that never end. and of the many ethereum competitors, the most similar is Bsc. looks the same overall. developers can easily implement their ideas on that platform.

Agreed, Developers who want to deploy its project is better to use another platform that have friendly tx fee, so the platform can used widely not only the rich people who able to pay huge fee.

aprilnot

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Quote from: cryptoknows on August 13, 2021, 11:34:09 AM

We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?

Bsc, solana, Polkadot, Tron, and Polygon are blockchains that can compete with ethereum. currently ethereum is not a superior platform that is difficult to beat. they are still having problems with scaling and fees that never end. and of the many ethereum competitors, the most similar is Bsc. looks the same overall. developers can easily implement their ideas on that platform.

Kena Banned

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Quote from: budi12 on October 20, 2021, 06:17:57 PM

Quote from: cryptoknows on August 13, 2021, 11:34:09 AM

We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?

As an alternative BSC has given you the option to switch and it turns out that not only BSC, Polygon, Solana also offers the same thing. We just need to choose in which direction the transaction is used. They have made cross-delivery, so it is very good in the future to be able to connect with each other even though they are on different networks.

I would advise ICX too, its on the progress to deployed its BTP (Blockchain Transfer Protocol) its would also enable interaction across Blockchain, like HTTP which enable us to interact across internet. Sounds really interesting for me.

budi12

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Quote from: cryptoknows on August 13, 2021, 11:34:09 AM

We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?

As an alternative BSC has given you the option to switch and it turns out that not only BSC, Polygon, Solana also offers the same thing. We just need to choose in which direction the transaction is used. They have made cross-delivery, so it is very good in the future to be able to connect with each other even though they are on different networks.

Bonenx14

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Quote from: kensaii on October 20, 2021, 12:10:40 PM

You're missing the newcomer, Sol. They're quite good I must say, even better than Poly and BSC in my opinion. If I've to place my my bet on which one of smart contract coin come close to ETH then I would say Sol right now.

In what ways can Sol be so good from Poly and BSC ? because in terms of transaction fees and transaction speed, Polygon is still very superior with super cheap fees and super fast transactions, so I just want to know now for Solana, what things can make it better than the others ?

kensaii

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Quote from: Cornia on October 17, 2021, 03:09:01 PM

Binance Smart Chain and Polygon are two new blockchain which can compete with Ethereum network. Both addresses are a copy from Ethereum address. But the transaction fee is very low in both networks. As a result, these are becoming very popular very quickly. Most of the projects are now being launched on these networks instead of Ethereum.

You're missing the newcomer, Sol. They're quite good I must say, even better than Poly and BSC in my opinion. If I've to place my my bet on which one of smart contract coin come close to ETH then I would say Sol right now.

Abiky

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Quote from: Cornia on October 17, 2021, 03:09:01 PM

Binance Smart Chain and Polygon are two new blockchain which can compete with Ethereum network. Both addresses are a copy from Ethereum address. But the transaction fee is very low in both networks. As a result, these are becoming very popular very quickly. Most of the projects are now being launched on these networks instead of Ethereum.

Both projects (BSC and Polygon) rely on Ethereum's EVM, so they're basically the same as Ethereum. The only difference is scalability. You'd get cheaper fees and faster confirmation times on either BSC or Polygon simply because they have greater transaction capacity than Ethereum. Scalability is prioritized in order to achieve widespread adoption in the mainstream world.

I seriously doubt the aforementioned blockchain networks will be able to compete with Ethereum, especially when they use the same virtual machine (EVM) for smart contracts. They're like an improved version of Ethereum with reduced decentralization. Even projects with their own framework for smart contracts (like Cardano and EOS) have been unable to compete with Ethereum up to this point. You simply can't beat the original project no matter how hard you try. Instead of focusing on taking down Ethereum, projects should focus on working together to make crypto land a better place. It's not about Ethereum, Binance Smart Chain or any of its variants. It's about how Blockchain can make our lives better by decentralizing everything. As long crypto/Blockchain tech is useful, nothing else matters. Just my opinion

Cornia

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Binance Smart Chain and Polygon are two new blockchain which can compete with Ethereum network. Both addresses are a copy from Ethereum address. But the transaction fee is very low in both networks. As a result, these are becoming very popular very quickly. Most of the projects are now being launched on these networks instead of Ethereum.

Ever-young

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Their are already a lot of blockchain which are not just competing with Eth, but are almost taking charge and control. Since the increase in gas fee, most projects has repeatedly migrated into the binancesmartchain network. And alot of new projects now choose the bsc over ETH,
Is that not enough to see it as a competitor?
For me bsc has already taken control, because it records the highest transaction records on daily basis, and execute transactions faster as well with lesser fee.

ivankoh

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Quote from: Abiky on October 12, 2021, 10:10:07 AM

I don't think any other platform will be able to compete with Ethereum in the future. That's because none can outmatch ETH's level of decentralization and censorship-resistance. BSC and Polkadot may be good smart contract platforms, but they're much more vulnerable to attacks and network disruptions than ETH itself. Decentralization is what really makes crypto stronger.

The reality is that BSCs trade off between performance, transaction speed, including cheaper fees, but they cannot offset the more serious security issues that could arise. BSC will probably focus more on adoption, Dot still has a long way to go and any of them can grow but I think the future will change. Sol and BNB are pretty good for this competition. Binance's $1 billion is probably the bigger impetus for growing the BnB ecosystem to be micro and seamless. ETH's TVL is still number 1 and leading for defi, the gap is still huge compared to the rest.

0verseer

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There are many new blockchain with smart contract feature to be a competitor to Ethereum like BSC, TRX, Wave,... Though not many of them stood up the lever of Ethereum because of one thing: Lack of strong users base. But this is just for now, who knows what will happened in the future since this is crypto after all. Market and demand, trends keep changing.

lexkiee28

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There are plenty of new blockchain that is now competing with ethereum blockchain and many crypto enthusiasts and developers are using it right now such as binance smart chain (BSC), polygon network(matic) and solana network(sol). Also, there is a news that even cardano is now making its own blockchain.

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Quote from: lixer on October 12, 2021, 12:53:52 PM

Quote from: PhucS on October 10, 2021, 01:58:18 AM

As for the problem of too high transaction fees, Ethereum 2.0 is under development, which is the process of upgrading the Ethereum network to overcome the old disadvantages such as low performance, high transaction costs. However, there are currently a few networks that are considered to be able to compete with ETH like BSC or Polygon, they have great potential in the future, there are quite a few new projects developed on these two networks.

Ethereum's fees are serious problem but still they are leaders in blockchain platform, and they will keep here for long time because no other platform is going to do anything like this even we have few competitors, but they are not working like Ethereum they are much vulnerable to attacks and disruptions.

Ethereum2.0 is in development, so hopefully after this we will have some better feature and affordable transactions fees. Alternative will be in market for better competition, but still it's not going to have any impact on Ethereum. BSC is also in good development and have good impact on gaming blockchain gaming industry.

We are all waiting for Ethereum2.0 to have an effect on the current problem, namely the high cost of transactions. because some crypto lovers must have an ether wallet. so that indicates if ethereum is still main option.

lixer

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Quote from: PhucS on October 10, 2021, 01:58:18 AM

As for the problem of too high transaction fees, Ethereum 2.0 is under development, which is the process of upgrading the Ethereum network to overcome the old disadvantages such as low performance, high transaction costs. However, there are currently a few networks that are considered to be able to compete with ETH like BSC or Polygon, they have great potential in the future, there are quite a few new projects developed on these two networks.

Ethereum's fees are serious problem but still they are leaders in blockchain platform, and they will keep here for long time because no other platform is going to do anything like this even we have few competitors, but they are not working like Ethereum they are much vulnerable to attacks and disruptions.

Ethereum2.0 is in development, so hopefully after this we will have some better feature and affordable transactions fees. Alternative will be in market for better competition, but still it's not going to have any impact on Ethereum. BSC is also in good development and have good impact on gaming blockchain gaming industry.

Jaered

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What a question! Of course there are blockchains successfully taking on Ethereum and even capable of overthrowing it. Look at Solana, for example. With better transaction per second and much cheaper gas fees and of course more scalability, I don't see a reason why it shouldn't overtake Ethereum. Then BSC .
I like Ethereum but it better step up its game cos there are newer kids in the block

GbitG

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I think that if several companies have practiced using blockchain in various companies then it is likely that it will continue to use cryptocurrency in those companies. both in paying employees with crypto and being able to make transactions using cryptocurrencies. I think everyone will be very happy with the convenience offered by Blockchain in the development of today's technology.

Let's think logically and wisely now, because the implementation of blockchain and cryptocurrency in all companies will actually also have a good impact on cryptocurrencies, but to shift fiat to all environments or areas of each company, I think it will be very difficult to do in a short period of time, because this requires a special and in-depth analysis so that it does not conflict with regulations in each country.

Even blockchain is future because now just because of this we have too many better things in common people's life, and it's bringing revolution is many industries but still its need some good time for implementing things which bring some more changes but people's feeling this all can happen in very little time which is not possible. Because it's really time seeking thing and many corrupt countries have too many disadvantages with this, but I am hopeful we will have some good and positive change through this even its take some long time. Blockchain is for better and fair use case and transparency.
Ethereum is really innovative use case so for his replacement few platforms already in market but still not going near this as it's going to be leader for many decades.

Topic: Is there a new blockchain that will compete with Ethereum? (Read 1942 times)