Topic: Is there a new blockchain that will compete with Ethereum? - page 10. (Read 1942 times)
The problem of fees is still not resolved by ethereum and the alternative is that many people are currently focused on BSC and polygon, maybe if these two platforms can handle transactions on a large scale it will be a threat to ethereum
Isn't there currently a BSC as an alternative for us to make transactions or investments with low fees and the transaction speed is also very fast, besides that BSC also has the same coin as the Ethereum platform, maybe it can be a temporary solution until Ethereum provides low fees.
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?
The high gas prices and therefore high transaction fees on the ethereum network is probably the most discussed topic on this forum in the last few months. It is definitely true that Eth really needs to do something in order to bring the transaction fee down to even make their platform useable again for small and regular transaction, but they are working on it.
There are a few contenders to Eth out there already, like polkadot, cardano or radix. Yes also bsc but that does not count as it is only a copy of ETH.
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?
Of course there is the best possible project but transaction fees are not a serious problem, hopefully in the future will accept the ideas and current state of the crypto world.
Now Ethereum has a lot of competitors. Thanks to the gaming NFTs, players paid attention to cryptocurrencies. Now there are many gaming communities such as https://twitter.com/LiquidationsOf?s=09 and their number is only growing.
No project can survive without a large community now, so it is very important to support a large community and attract new users to it even while the market is falling.
Now it is very important that the community continues to grow. Now there are NFTs that are actively used in games, so gaming communities are now actively using cryptocurrencies.
In my opinion binance is a blockchain that can compete with etherem, although currently the price of binance is still too far from ETH
It has become a rival but at the same time al alternative for ethereum chain. The traffic on BSC was even bigger than ethereum as so many NFT were also building in BSC. Binance has various product while ethereum was only focusing on its protocol with the possibility of deflationary to happen in the future.
The blocksize of ethereum was so small and binance was learning fromt here. that's why scalability problem that faced by ethereum already solved by binance thorugh increasing the blocksize
Today there are a lot of sidechains (Polygon and BSC) and alternative chains (Tron chain) that are much more scalable with low transaction fees and high speed. So if you don’t want to pay 50$ just for a transaction you can try one of them. Moreover there is also a developed ecosystem with a lot of defi projects on BSC and Polygon, so it is the best choice for newbies and investors with small capitals.
In my opinion binance is a blockchain that can compete with etherem, although currently the price of binance is still too far from ETH, but binance has offered much faster transaction speeds, very low transaction fees, and has been proven by many crypto users who choose binance as investment, I think binance is a ticking time bomb ready to rival the current popularity of etherem,
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?
Many project used of Ethereum for their transaction before and now.But the fact is, after the rise in transaction fee. Some new projects had locked up bsc as their platform. Maybe seems, they skipped of Ethereum. But actually, they had not done that one. Instead they chose the coin, which reduce their free for transaction of their coin.
Number of transactions which increases on the Ethereum network and the ever-increasing price of ETH makes gas fees transactions went up, I still remember we only had to pay a few cents for send erc-20 token in 2018, but now the transaction need high gas fees and trading fees on Uniswap are also increasing.
For information on the latest blockchain list, it seems you should visit this link https://www.trustradius.com/smart-contracts
For information on the latest blockchain list, it seems you should visit this link https://www.trustradius.com/smart-contracts
Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?
There are many such projects or blockchain. I will first say Binance Smart Chain. The transaction fee of BSC blockchain is very low but transaction speed is high. The problem you mentioned here will be easily overcome in BSC network. Also Binance is no 1 crypto, fiat, p2p exchange. So I don't know if anyone has the better option of Binance ecosystem to enter the cryptoworld.There are chains like the BSC out there which are having lower transaction fees and more advanced features. ERC-20 is having the advantage solely because it was the first smart contract platform. In terms of technology, it trails behind the competitors such as BSC. Also, one of the concerns about BSC is that it is under some sort of influence from the Binance exchange and therefore it may not be 100% decentralized. And in the world of cryptocurrency, decentralization is a very important aspect.
Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?
There are many such projects or blockchain. I will first say Binance Smart Chain. The transaction fee of BSC blockchain is very low but transaction speed is high. The problem you mentioned here will be easily overcome in BSC network. Also Binance is no 1 crypto, fiat, p2p exchange. So I don't know if anyone has the better option of Binance ecosystem to enter the cryptoworld.
Yes I feel there is a good block chain that can compete with the ethereum blockchain and that is the binance smart chain although it was built on the ethereum blockchain but it boasts of a much faster transaction speed very low transaction costs and has proven to be just as secure as a taken blockchain providing a platform where new project developers can create their cryptocurrency project without worrying about the users having to pay a transaction fees.
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?
In my mind for now only BSC, but i think some project use MATIC network too to their project. Maybe that networks can be alternate if ETH fees can be problem, but i heard ETH last hardfork can made it only need less money to be fees, maybe because there are a lot of coins that they think will replace them and developer leaving them. But for those who want to stick in a decentralized platform, they will still choose ETH network. However, many are now moving towards BSC because of its relatively cheaper fees. I just hope that eth will resolve their gas fees because up until now it is still quite expensive for small traders. BSC is gaining popularity because it is also backed by top 1 exchange but later on, I think this network will also be proliferated with crappy tokens.
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?
In my mind for now only BSC, but i think some project use MATIC network too to their project. Maybe that networks can be alternate if ETH fees can be problem, but i heard ETH last hardfork can made it only need less money to be fees, maybe because there are a lot of coins that they think will replace them and developer leaving them.
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.
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?
In my mind for now only BSC, but i think some project use MATIC network too to their project. Maybe that networks can be alternate if ETH fees can be problem, but i heard ETH last hardfork can made it only need less money to be fees, maybe because there are a lot of coins that they think will replace them and developer leaving them. 
I have to say that there is a good chance Dot and Matic could, we all know that BNB is already there with BSC but Dot and Matic could get there, even maybe avax? I know that one is a long shot but it is possible. Basically what the new good projects realized is that, it is not about having a good to buy and sell, but to have it used as well. Look at how much ethereum is bought, and look at how much it is used, I am pretty sure there is a good amount of it used as gas fee or other stuff, compared to be bought or sold.
Many new projects are doing this because they realized that this is basically a better way to make money and I am sure that many new other projects will follow it. You either go big with that kind of blockchain dominance, or you do a farming defi, or you do nft gaming, basically these three are cornering the market right now.
Many new projects are doing this because they realized that this is basically a better way to make money and I am sure that many new other projects will follow it. You either go big with that kind of blockchain dominance, or you do a farming defi, or you do nft gaming, basically these three are cornering the market right now.
If there is a coin that can compete with Ethereum it has to come from these already established coins such as Binance coin or tron and not a totally new coin or blockchain.
And if there is a coin giving it real competition will be the Binance coin because it has the backing of one of the biggest exchanges in the world and it has a huge user base which will make it easy known and grow over time.
And if there is a coin giving it real competition will be the Binance coin because it has the backing of one of the biggest exchanges in the world and it has a huge user base which will make it easy known and grow over time.
Ethereum is currently the best altcoin out of all the altcoins but it is a long way off Bitcoin and will never be competing with Bitcoin directly and will only benefit from Bitcoin gaining more adoption.
But is there a coin to compete with Ethereum in its niche??
Of course there are, as I know blockchains like Pollygon, BinanceSmartChain and Solana have the advantage of relatively cheap transaction fees and they are currently tough competitors with ethereum. Basically the cryptocurrency industry is very decentralized and it is not surprising that every day new altcoins are popping up and project developers are also competing to create unique blockchain systems in order to compete in the cryptocurrency market.
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