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Topic: Is there a new blockchain that will compete with Ethereum? - page 11. (Read 1865 times)

hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
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?
If you look at the new projects majority are migrating to BSC chain and then there are projects that are migrating to other chains like Hoo Smart chain, Reef Chain etc away from Ethereum because the fees are still huge and we can see many complaints from users for the projects i invested as well especially in some of the NFT projects and i know that they are implementing their upgrades but by that time it will cause the damage and this is the best opportunity for other chains to be prominent and most probably most of the projects will expand to all the chains to avoid fees congestion.
jr. member
Activity: 108
Merit: 1

The competitor recently of Ethereum upon fees is the BSC/BNB. There are other projects that have been working with that chain because they find the fee to be cheaper than usual. But if you just want to have the cheap fees upon transfers, there really are other altcoins that can offer you that. Some choices are Dogecoin, Litecoin, TRX, XRP, Nano and there are others more. Those are the coins that I've been seeing when people are talking about cheap fees.

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.
legendary
Activity: 2338
Merit: 1124
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?
There are a lot of other similar projects like ethereum which are providing same or better kind of smart contract platforms for hosting dapps but for unknown reasons people are still sticking with only ethereum which result in network congestion and network congestion must be the reason for high fees for every transactions.

Recently some people are talking about hedra which is having higher block size and other efficiencies hence we can expect it to be another destination for devs to host their  smart contracts. These days there are a lot of coins are providing platforms for hosting spot contracts but ethereum alone is still leading in this industry because it was the first one reaching big value and it got lots of followers and with this strong community, it is still enjoying lots of projects to be deploying every single day.
hero member
Activity: 2870
Merit: 642
If it's for creating projects, Ethereum it is. You cannot deny the fact of how every developer had their chance thanks to smart contracts.
For transaction purposes only, you could try BNB. Cheaper and faster.
But, there's always the but's, you might want to keep those Ethereum in your wallets.
The big train is coming and you don't want to be left out, your ticket is your Ethereum and it's going to be a long ride once they clean everything up.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
If it is true that Binance will create smart contracts, then Binance is a competitor to Ethereum.
Regarding the large transaction fees on Ethereum the most talked about so far. I see it as structured.
When Ethereum corrected the London hard fork were the transaction fees still high? I'm sure there are still some who haven't tested the transaction fees on ETH yet.

You only need to take advantage of the GAS that is going down, although the market is not too dense depending on how it increases. Everything about the Eth network will gradually be resolved because Rome was not built overnight to be able to stand strong. The initial stages have been carried out with the London Hard Fork taking place, and of course, other developments will not stop there,

Ethereum will continue to provide higher tidal waves, and they will need to match the level of user demand for transactions with the fees that many people often complain about.
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 believe that Ethereum will remain a sort of anchor or the backbone to the whole smart contract blockchain ecosystem. Ethereum is by far the strongest chain while it has some issues like the high fees. That is taken care of now with solutions like BSC and cross-delivery as you mentioned. When the talk is all about competition with and replacement of Ethereum, I really don't get the point. Ethereum has a very clear agenda and their goal is to stay as decentralized as possible while other chains sacrifice decentralization for speed and low cost. If Ethereum gets to solve that, and they have the team that has the best chances to solve the dilemma or trilemma, they will stay ahead of the game for a very long time.


What I mean is cross-delivery , where we can do cross-network for quite a bit of money. Ethereum doesn't need to have another team to add, because so far Ethereum's achievements have been very good. Maybe some innovations will continue to be updated, we will be very confident that solutions can be realized in the future. Ethereum did not leave the problem to BSC, because the two are still under the same umbrella. Maybe as an alternative while still maintaining each network.
full member
Activity: 983
Merit: 100
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?
Yes, of course many people are developing their ideas about Cryptocurrencies to be the best, Etherum is still in the second position in the market, some problems that Etherum has fixed in transactions such as gas fees which are currently not that big anymore, Altcoins like BSC which are in the position The third in the market will potentially take Etherum's current position, I don't think Etherum will stay still, he will also do even better development.
sr. member
Activity: 994
Merit: 441
By the way, it seems that the platform you are talking about is Binance Smart Chain Platform. With the transaction fees of the Ethereum platform now soaring, people are now turning to the Binance Smart Chain platform. At present, the transaction gas fee on the Binance smart chain platform is very low. With transactions being so low, people are now moving from the Ethereum platform to the Binance smart platform.However, I think very soon the Ethereum platform will be reduced to transaction gas fee.
full member
Activity: 1148
Merit: 101
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 are many projects that compete with Etherum, until now they have not been able to get close to Etherum, many investors use Etherum as a short term or long term investment, this will make it difficult for other altcoins to balance it, it can be seen now that BSC has developed which is so large that many predict BSC will replace Etherum.
jr. member
Activity: 104
Merit: 1
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 competitor recently of Ethereum upon fees is the BSC/BNB. There are other projects that have been working with that chain because they find the fee to be cheaper than usual. But if you just want to have the cheap fees upon transfers, there really are other altcoins that can offer you that. Some choices are Dogecoin, Litecoin, TRX, XRP, Nano and there are others more. Those are the coins that I've been seeing when people are talking about cheap fees.

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.
full member
Activity: 504
Merit: 102
CLEARSIGHT- THE #1 BLOCKCHAIN JOB PLATFORM
BSC is really a blockchain with low cost AMM. BSC is not truly decentralized as transaction fees do not flow to nodes or developers. I think the future of blockchain will be decentralization by nodes and distributed transaction costs for developers and programmers alike. It will probably be Cardano, Solana or Lamden. Although Lamden is quite a strange blockchain, I bet anyone who has used Dapps on Lamden will love this project.
sr. member
Activity: 2338
Merit: 338
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 and TRON have already been there and existed for quite a long time, I think they are enough but you might wonder why many were still using the ETH platform despite the huge transaction fees? I was in doubt as well but maybe this was because most of the projects are still in the ERC-20 platform.

However, BSC is growing and helping the investors and traders saving some costs. In fact, there is a record that could show BSC is surpassing the number of transactions versus ETH. This could give some insights that someday ETH has no longer be the top but it is possible BSC will take its lead. Maybe the current ETH upgrade could help, but we still can't assure about it.
full member
Activity: 680
Merit: 103
Actually such blockchains as Polkadot, Binance Smart Chain, Tron step on Ethereum’s heels. New blockchains are faster and cheaper than Ethereum, so they are real contests for it. Nevertheless, until people don’t change their opinion about Ethereum as the best blockchain for defi, and whales don’t switch to anything another, no blockchain will replace Ethereum.
full member
Activity: 1829
Merit: 134
Moderator
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?
There already lot of Ethereum alternative out there mate, TRON, BSC or some Layer-2 Network like Polygon, Kardia, Huobi Chain and many more, Beside that upcoming Cardano Smart Contract Implementation will also give us another alternative, Today it's not really hard to find that with more cheaper fee and faster transaction time, You just need to do some simple research.
legendary
Activity: 2268
Merit: 1655
To the Moon
Many blockchains have smart contracts such as ethereum and with very small gas fees such as BSC, Tron and Fusion. But they are all less popular than ETH. For future ETH updates, hopefully the high gas costs can be overcome.

The gas fee should really decrease due to an increase in the transaction speed. But if the price for Ethereum increases by 10 times by that time, the network's commission will still remain high. Agree that 0.02 ETH a year ago is not at all the same as a commission fee 0.02 ETH this year.
hero member
Activity: 1526
Merit: 876
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 current conditions actually open up opportunities for the public to provide ideas to those in need, considering that there are many things that must be done for good changes in the future, especially in today's crypto world.

Now there are lots of projects that require bright ideas for us to give, to perfect the projects they are currently working on, many even promise a special prize in the form of money for everyone who gives the best idea, if you are interested please see the signature bouty project, there are many people need the best ideas to use.
full member
Activity: 286
Merit: 100
If it is true that Binance will create smart contracts, then Binance is a competitor to Ethereum.
Regarding the large transaction fees on Ethereum the most talked about so far. I see it as structured.
When Ethereum corrected the London hard fork were the transaction fees still high? I'm sure there are still some who haven't tested the transaction fees on ETH yet.

You only need to take advantage of the GAS that is going down, although the market is not too dense depending on how it increases. Everything about the Eth network will gradually be resolved because Rome was not built overnight to be able to stand strong. The initial stages have been carried out with the London Hard Fork taking place, and of course, other developments will not stop there,

Ethereum will continue to provide higher tidal waves, and they will need to match the level of user demand for transactions with the fees that many people often complain about.
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 believe that Ethereum will remain a sort of anchor or the backbone to the whole smart contract blockchain ecosystem. Ethereum is by far the strongest chain while it has some issues like the high fees. That is taken care of now with solutions like BSC and cross-delivery as you mentioned. When the talk is all about competition with and replacement of Ethereum, I really don't get the point. Ethereum has a very clear agenda and their goal is to stay as decentralized as possible while other chains sacrifice decentralization for speed and low cost. If Ethereum gets to solve that, and they have the team that has the best chances to solve the dilemma or trilemma, they will stay ahead of the game for a very long time.
member
Activity: 405
Merit: 19
Do you know how many smart contract projects are out there today? As a matter of fact they are all ETH challengers but very limited ones stands out among the rest, thanks to Binance BSC network that works better on solving gas fee at least that's why many new projects move to BSC instead
copper member
Activity: 966
Merit: 14
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?

None will compete with it, a lot have been trying for years but can't seems to stand up to it, even some ended up taking a thing or two from Ethereum blockchain, even most developers still believes that Ethereum blockchain is more scalable now imagine what will happen when the other ETH upgrade comes online.
Nevertheless, with regards to other projects or blockchains which will help users or developers launch their ideas, there are many already such as BSC network, Polygon, Solana and so on. Some projects are known to migrate from one blockchain to another with the excuse that they want a better services, thus it can be seen that the crypto space has advanced a lot where projects can be launched easily or migrated easily thus no limitations in launching your idea.
jr. member
Activity: 840
Merit: 6
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 most scalable and decentralized crypto is NEAR protocol. NEAR protocol scales Ethereum with sharding using Aurora, so they are not competitors.
newbie
Activity: 10
Merit: 1
Solana, simple
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