Is there a new blockchain that will compete with Ethereum? - page 3.

Mkmanik

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Quote from: devil2man on September 29, 2021, 03:12:05 PM

there are many blockchains similar to that of eth, the one most similar and with relatively low fees is bsc the only real drawback is that it is not decentralized, the one with the lowest fees ever is matic

Yes, there is a lot of new blockchains available. Matic and BSC are the most useable right now because of low transaction fees and very fast transaction speed. But I don't believe they can able to bet Etehreum blockchain. Ethreum is still the 2nd cryptocurrency and I believe it will stay here in the future also.

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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.

Solana is also doing well right now, People also talking that it will bet Ehterem soon. I don't believe it, A new coin like Solana cant kill Ethereum's position.

SarangWallet

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Quote from: cryptoknows on August 13, 2021, 12:34:09 PM

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?

I still support ethereum itself, BSC, solana, matic, all good, in the crypto world it is not good to promote one and destroy the other, you won't win anything like that and you will crash and burn together and soar together. That's why I prefer a situation where everything goes up together, then all the coins I listed are great, I'd like to see them increase like crazy if possible.

devil2man

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there are many blockchains similar to that of eth, the one most similar and with relatively low fees is bsc the only real drawback is that it is not decentralized, the one with the lowest fees ever is matic

romero121

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The ethereum network is getting stronger with time through different updates and upgrades. More and more projects are into development, but everything keep the base as ethereum. In terms of competence we can see more projects on the line-up. Even the ethereum blockchain is underrated during the early days. The progress started slowly. Maybe similar to this we can see potential blockchains, all that required is the time period. Based on the necessity is the development, so the future is the only answer.

noah tall

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We may expect a new blockchain that can't compete with Ethereum but can follow Ethereum's path towards success. There are some new networks launching with very low fees. Like, Terra, Polygon, and Cardano. We may see good projects on these networks soon.

Abiky

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Quote from: Bohdan820 on September 28, 2021, 01:17:41 PM

Polkadot looks like a blockchain that can compete with ether. Gavin Wood has been working with Ether for a long time so the polka can be considered his version of Ether 2.0.

Maybe. But with so many competitors failing to take down Ethereum, I wouldn't count on Polkadot challenging ETH anytime soon. It's not about which blockchain has better features or user experience, but rather which blockchain remains decentralized and censorship-resistant.

No other competitor can outmatch Ethereum in terms of decentralization, reliability, and censorship-resistance. You can see why a new blockchain project like Solana faced a network disruption, putting almost everything down to a halt. If it were as decentralized as Ethereum is, it would've resisted such an attack. Low fees and fast transaction speeds are nothing if the blockchain is missing decentralization. As long as there are no competitors that are decentralized, Ethereum's position as the leading smart contract platform in the market will remain untouched. Just my thoughts Grin

Luqman

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Quote from: 7788bitcoin on September 27, 2021, 07:58:47 PM

There are plenty of competitors for them especially BSC and even if ETH regains their old power, i am not sure how many projects will be using the ETH network as there are plenty of options available right now

Yes, many options can be chosen by developers right now, it is the advantage of many competitors of the ETH network. We don't rely on ETH network only today, we can choose some networks or chains to be used. You must be aware that most new projects are using BSC network right now, some of them use a polygon network. I think it is a new step for an era of multi networks in crypto.

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Quote from: Bohdan820 on September 28, 2021, 01:17:41 PM

Polkadot looks like a blockchain that can compete with ether. Gavin Wood has been working with Ether for a long time so the polka can be considered his version of Ether 2.0.

After BSC, I think Polkadot is indeed a worthy project to compete with ETH. not to mention there are polygons and Solona that are getting a lot of adoption.
maybe another one that is not as popular as RSK. it's been a long time, but its development is not getting mass adoption like ethereum and BSC.

Bohdan820

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Polkadot looks like a blockchain that can compete with ether. Gavin Wood has been working with Ether for a long time so the polka can be considered his version of Ether 2.0.

superman184

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Quote from: cryptoknows on August 13, 2021, 12:34:09 PM

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?

Although people haven't come across the kind of robust technology that runs on blockchain fusion, which I think also goes beyond the Ethereum and Binance smart chains put together, this project has been around for about 4 years or so, and recently, they launched a new defi project known as as Chainge finance, this project is amazing and everything is backed by fusion, it's only a matter of time before people discover this amazing project and skyrocket.

deathcode

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Quote from: Sir Legend on September 28, 2021, 06:16:57 AM

I think ethereum will be hard to compete in the next few years. Ethereum being the most popular platform, convenience, speed and low cost are of course a consideration for developers to use ethereum, based on marketcap statistics, ethereum and ethereum-based tokens have reached more than 70% marketcap, bitcoin is only 15% and the rest are other coins.

many blockchains were also born from the development of ethereum. it makes ethereum still the strongest. despite the current problems. it does not rule out the possibility that ethereum can still be an attraction for the adoption of new projects.

Sir Legend

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I think ethereum will be hard to compete in the next few years. Ethereum being the most popular platform, convenience, speed and low cost are of course a consideration for developers to use ethereum, based on marketcap statistics, ethereum and ethereum-based tokens have reached more than 70% marketcap, bitcoin is only 15% and the rest are other coins.

FinneysTrueVision

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There are new blockchains like Solana and Avalanche that have had incredible growth this year. Their price has gone up significantly higher than Ethereum in terms of percent. Several years ago people laughed at the idea that an ETH competitor like EOS and NEO could one day replace Ethereum but the latest generation of blockchains have proven that they could gain significant market share and so far they are looking like they will continue to have sustained growth and continue to attract users and developers.

btc78

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Quote from: Jasper HODL on September 27, 2021, 10:27:20 PM

So far, there is no

BSC, which is closest to ETH, has insufficient decentralization backed by Bianace.

Recently, the popular SOL has just been disconnected from the Internet.

FTM, Polygon, etc. have not been able to prove that they can still maintain their current performance when facing a large enough number of users.

Although ETH has a high gas fee, it is still an unshakable application public chain.

Lol competing meaning at least can offer some service and product like what ethereum does , and besides It is blockchain in which being asked and there are some projects now that offers the same.

Quote from: Luqman on September 27, 2021, 07:15:25 PM

Why do you want to know another platform to compete with Ethereum? Actually, you don't need to ask this, just monitor the development of several platforms that potentially become the competitors of Ethereum. For example, you can take a look at Binance smart chain, Tron chain, or Polygon chain. These chains can be the strong competitors of Ethereum in the future. Just monitor them, then you can conclude how far they can be great competitors of Ethereum now.

Maybe because the High Gas fee of ethereum when congestion happens that's why he is seeking for option when things happen again.

matchi2011

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Quote from: 7788bitcoin on September 27, 2021, 07:58:47 PM

Quote from: Luqman on September 27, 2021, 07:15:25 PM

Why do you want to know another platform to compete with Ethereum? Actually, you don't need to ask this, just monitor the development of several platforms that potentially become the competitors of Ethereum. For example, you can take a look at Binance smart chain, Tron chain, or Polygon chain. These chains can be the strong competitors of Ethereum in the future. Just monitor them, then you can conclude how far they can be great competitors of Ethereum now.

Polygon is not a competitor to ETH but they are just aiding the ETH network to scale. There are plenty of competitors for them especially BSC and even if ETH regains their old power, i am not sure how many projects will be using the ETH network as there are plenty of options available right now, but the developers have plenty of options to choose from right now.

Developers have alernatives now, BSC is the first one while ADA and SOL are also hyping and moving forward to compete,

It depends now with the developers if they still want to continue using ERC even the fees is really huge or
switch over with other available chain to their projects.

Investors are mostly aiming for lesser fees and that's how we see it now with all those BSC users.

Jasper HODL

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So far, there is no

BSC, which is closest to ETH, has insufficient decentralization backed by Bianace.

Recently, the popular SOL has just been disconnected from the Internet.

FTM, Polygon, etc. have not been able to prove that they can still maintain their current performance when facing a large enough number of users.

Although ETH has a high gas fee, it is still an unshakable application public chain.

7788bitcoin

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Quote from: Luqman on September 27, 2021, 07:15:25 PM

Why do you want to know another platform to compete with Ethereum? Actually, you don't need to ask this, just monitor the development of several platforms that potentially become the competitors of Ethereum. For example, you can take a look at Binance smart chain, Tron chain, or Polygon chain. These chains can be the strong competitors of Ethereum in the future. Just monitor them, then you can conclude how far they can be great competitors of Ethereum now.

Polygon is not a competitor to ETH but they are just aiding the ETH network to scale. There are plenty of competitors for them especially BSC and even if ETH regains their old power, i am not sure how many projects will be using the ETH network as there are plenty of options available right now, but the developers have plenty of options to choose from right now.

Luqman

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Why do you want to know another platform to compete with Ethereum? Actually, you don't need to ask this, just monitor the development of several platforms that potentially become the competitors of Ethereum. For example, you can take a look at Binance smart chain, Tron chain, or Polygon chain. These chains can be the strong competitors of Ethereum in the future. Just monitor them, then you can conclude how far they can be great competitors of Ethereum now.

carlfebz2

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Quote from: Tumanggor on September 27, 2021, 06:07:23 PM

Quote from: cryptoknows on August 13, 2021, 12:34:09 PM

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 currently many blockchain technology circulating which are much faster and cheaper than ethereum, for example EOS, solana, polkadot or avalanche but all of them cannot beat the popularity of ethereum

ethereum is similar to bitcoin, the position of the two will not be replaced by any new tokens or coins although they offer low transaction fees, speed or great security compared to ethereum or bitcoin

Application and real use case is the main reason and thats why we are really seeing that it is still remaining on the top 2 spot despite on have lots of good blockchain out there which is more faster and cheaper.

It all varies with the demand in the end of the day because no matter how good or updated it is but the community would be the one to decide on which one they would be mainly supporting.

Competition is normal but it is really just hard to believe on that ETH could be replaced down easily but well nothing is guaranteed though.

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Quote from: cryptoknows on August 13, 2021, 12:34:09 PM

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 currently many blockchain technology circulating which are much faster and cheaper than ethereum, for example EOS, solana, polkadot or avalanche but all of them cannot beat the popularity of ethereum

ethereum is similar to bitcoin, the position of the two will not be replaced by any new tokens or coins although they offer low transaction fees, speed or great security compared to ethereum or bitcoin

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