Topic: Is there a new blockchain that will compete with Ethereum? - page 4. (Read 1942 times)
There are already many blockchain projects that are trying to compete with ETH. For example, you can see BSC( Binance Smart Chain). This chains fee is lower than ETH. Again if you check Solana and Polygon chain you will see their tx fee are lower than ETH and BSC. All chains are using same wallet address you just only need to select the network during the transaction. But the trust level of people on ETH is higher than any other chain.
Binance Smart Chain! Ethereum transactions fees have eventually surpassed that of Bitcoin and I find it kind of disappointing. But this is when you are dealing with the ERC20 tokens. The high fee transaction started almost a year now! And I believe that a lot of people have lost their patience and that is why majority are now using BSC. Majority of the projects are now built on BSC instead of Ethereum and this seems like a forever replacement (maybe unless Ethereum blockchain fees will reduce drastically)
As some users migrate to newer blockchains, developers will assess the viability and longevity of additional users on the Ethereum network to migrate to these new blockchains. As competition for users, attention, and capital increases, many developers and protocols may find a worthwhile trade-off to move into a new home. And if Ethereum continues to have difficulty scaling the network or encounters barriers to user experience, users may leave naturally.
In the last few months there have been a lot of fast-growing altcoins such as Solana, Polkadot, and Cardano, but these altcoins have not been able to compete with etherem, even binance, which is trusted by crypto users, also cannot compete, let alone beat, the popularity of etherem, despite several months ago Binance's growth is very convincing. Because it was able to break through $1000 in such a short time, but after experiencing a correction, the price of Binance fell very deep and there is no sign of going up to repeat its achievements some time ago.
Almost every altcoins price fell deep when Bitcoin price fell deep. We can't blame Binance or other blockchain. Still, other blockchains couldn't defeat the Ethereum blockchain when we knew that Ethereum miners are more profitable than Bitcoin. Because of the high transaction cost, some users will probably switch to others blockchain, but it means they will complete. Ethereum 2.0 will recover all the problems. 
There are BSC which a lot of people mostly already know about it, and there are some chain that be used by new project like polygon and anything else. I think will only need time because a lot of new project already use new chain other than ETH and people slowly but sure will use it. I think that is from me, only need time like BSC which now have a lot of tokens that use this blockchain.
Yeah. It takes time for a new project to gain acceptance among the community. Eth's alternative projects are already on the market, BSC is one of the most popular projects right now. If ETH's developers can't compete with other competing projects and develop better than them, then those projects will do something bigger in the future. So if ETH can't develop itself to the best of its ability, we may see in the near future that other blockchains are moving ahead 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?
There are BSC which a lot of people mostly already know about it, and there are some chain that be used by new project like polygon and anything else. I think will only need time because a lot of new project already use new chain other than ETH and people slowly but sure will use it. I think that is from me, only need time like BSC which now have a lot of tokens that use this blockchain.
As some users migrate to newer blockchains, developers will assess the viability and longevity of additional users on the Ethereum network to migrate to these new blockchains. As competition for users, attention, and capital increases, many developers and protocols may find a worthwhile trade-off to move into a new home. And if Ethereum continues to have difficulty scaling the network or encounters barriers to user experience, users may leave naturally.
we have both seen their growth namely Binance, most likely and many predict BNB or BINANCE is a strong competitor to Ethereum, but it is not easy to happen because ethereum continues to be developed by its developers.
I don't think comparison of BNB and Eth blockchain is valid since one is centralized and other is decentralized respectively.
Just like there is long list of P2P cash transfer coins but BTC still rules the market. On the same footing, there is long list of blockchains that allow hosting DAPPs (SOL, Cardano etc) but still Eth rules the alt coin market. The prime reason is its huge community of developers that keep on developing it.
Binance Smart Contracts (BSC). Currently BSC is included in the low cost if the obstacles that occur in Ethereum are expensive fees and make you uncomfortable. Actually the high transaction fees on Ethereum are already a lot of complaints and everyone is aware of that. So, don't waste your mind, just try using BSC or you can also try Solana network.
Both networks like BSC and Solana have low costs, but as we saw yesterday, the Solana network is unusable, and BSC as we know, are they really decentralized?i have a lot of tokens on ethereum network, and still waiting for Fork 2.0 to take place, i think gas fee is a problem for many people with transactions under $10 on ethereum network, but actually transaction and trading volume on Dex Ethereum network is bigger than the above two networks.
Almost all projects currently use the Binance Smart Contract (BSC) and besides the low cost, of course they are company owners or project owners who see other positive things from BSC.
Binance Smart Contracts (BSC). Currently BSC is included in the low cost if the obstacles that occur in Ethereum are expensive fees and make you uncomfortable. Actually the high transaction fees on Ethereum are already a lot of complaints and everyone is aware of that. So, don't waste your mind, just try using BSC or you can also try Solana network.
Both networks like BSC and Solana have low costs, but as we saw yesterday, the Solana network is unusable, and BSC as we know, are they really decentralized?i have a lot of tokens on ethereum network, and still waiting for Fork 2.0 to take place, i think gas fee is a problem for many people with transactions under $10 on ethereum network, but actually transaction and trading volume on Dex Ethereum network is bigger than the above two networks.
Ethereum gas prices has been really tough on everyone but since Binance smart chain, polygon and other smart chain network and most exchange accepts bridging between multiple network chains which is good for everyone..
Lets just all hope the new and better upgrades comes to ethereum
Lets just all hope the new and better upgrades comes to ethereum
The tricky thing is that when you make transactions too cheap, like Polygon/MATIC, then it seems like there's no barrier of entry. People can slap whatever scammy crap they want on the chain with very little risked on it. When it comes to Ethereum, the gas price of putting up a smart contract alone might be enough to keep 98% of scammers out of the market. It also makes it so people who do put up legitimate projects have a bit of skin in the game (even if it's only $50) that will make them put a lot more effort into their project as opposed to if they only have $0.02 on the line.
you have a valid point on this. with cheaper fees in other networks, they may soon be proliferated with crappy if not scammy projects. as the "devs" can easily create their own little project with no intentions of developing their objectives but only after for their possible gain from gullible buyers. so for people who are into these new networks, they should make sure that the project is running legit and with actual value in the market. definitely, scammers will avoid eth because they can't afford to even send their tokens to their buyers because of fees.
Ethereum gas prices has been really tough on everyone but since Binance smart chain, polygon and other smart chain network and most exchange accepts bridging between multiple network chains which is good for everyone..
Lets just all hope the new and better upgrades comes to ethereum
Lets just all hope the new and better upgrades comes to ethereum
The tricky thing is that when you make transactions too cheap, like Polygon/MATIC, then it seems like there's no barrier of entry. People can slap whatever scammy crap they want on the chain with very little risked on it. When it comes to Ethereum, the gas price of putting up a smart contract alone might be enough to keep 98% of scammers out of the market. It also makes it so people who do put up legitimate projects have a bit of skin in the game (even if it's only $50) that will make them put a lot more effort into their project as opposed to if they only have $0.02 on the line.
Ethereum gas prices has been really tough on everyone but since Binance smart chain, polygon and other smart chain network and most exchange accepts bridging between multiple network chains which is good for everyone..
Lets just all hope the new and better upgrades comes to ethereum
Lets just all hope the new and better upgrades comes to ethereum
Binance Smart Contracts (BSC). Currently BSC is included in the low cost if the obstacles that occur in Ethereum are expensive fees and make you uncomfortable. Actually the high transaction fees on Ethereum are already a lot of complaints and everyone is aware of that. So, don't waste your mind, just try using BSC or you can also try Solana network.
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 plenty but Ethereum still holds a spot in peoples mind. One of the reason why Ethereum is still strong is due to its decentralized nature. It's arguably the most decentralized coin among the utility options. And thought the network itself is nearly unusable, other projects that layer over the Ethereum blockchain are actually making it still popular and there are use cases that do involve the real Ethereum chain. BSC and Polygon has came up as the most prominent ones.
Solana AVAX ,SOL, MATIC, FTM, BSC and many more heck even cardano is a worthy competitor and it seem many of those coins are pushing smart contracts toward the the end of the year So I will say buckle up for you are about to get into the ride of your life and so many competition will break out between many coins but personally I will be rooting for ada or dot that is where my eye lay their rest
If we talk about several chains now, then first of all I have to talk about BSC platform, then there is Polygon or Salona. They are currently very much active. In my opinion, the polygon network can compete with Ethereum.
I have used BSC and polygon platforms, Both of them are very fast and the transaction fees are also very low. Not yet tried the Solana platform but I heard about this project. Most people talking that it can bet Etehreum! However, Now people only comparing various projects with Etehreum because of the high transaction fees. If it gets solved, I strongly believe there will be no competitor of Etehreum smart contracts. Eth 2.0 is on the way, Hope soon we will get a solution to high transaction fees. I believe there is no competitor in Ethereum. But I have to say, Polygon and BSC networks are also very good and safe to use.
If we talk about several chains now, then first of all I have to talk about BSC platform, then there is Polygon or Salona. They are currently very much active. In my opinion, the polygon network can compete with Ethereum.
Why do we need more chaos if we can’t handle the current one. 
The betterment is the key for success of anything. In this case we need the betterment of ETH chain and success will follow in terms of its fees, gas required to make the transaction. Since ETH 2.0 is on the way let’s brace ourselves for the goodness of faster transactions. Not sure how much advanced they have made it but I suppose it’s subjective and can only be known after testing it.
The betterment is the key for success of anything. In this case we need the betterment of ETH chain and success will follow in terms of its fees, gas required to make the transaction. Since ETH 2.0 is on the way let’s brace ourselves for the goodness of faster transactions. Not sure how much advanced they have made it but I suppose it’s subjective and can only be known after testing it.
For now what really looks and continues to compete with ethereum is Binance!!.
because ethereum continues to be developed by its developers so ethereum is not easily rivaled by any blockchain including BNB or Binance.
Then if Binance is difficult to compete with, why do you say in the first sentence that Binance can really compete with Ethereum? I'm even surprised to understand what you're saying because in general Binance has not been able to surpass Ethereum at this point. because ethereum continues to be developed by its developers so ethereum is not easily rivaled by any blockchain including BNB or Binance.
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