Is there a new blockchain that will compete with Ethereum? - page 6.

wiss19

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Quote from: TheGreatPython on September 07, 2021, 10:55:48 AM

BSC is definitely one of the biggest competition that ETH has, even though for some weird reason ADA managed to beat BNB in the rankings, it is easily can be said that BNB is going very strong. That power comes from the DeFi world for now, but the moment there is a huge game in the BSC world you will soon realize that people will be crazy to not go into it, all we need is a good game that gets a lot of funding and a big development team, if we could achieve that in BSC then the price of BNB will go super high once again as well.

It will take time for that to happen for sure, we didn't had the next DeFi on BSC as soon as there was one in ETH neither, it took some time but eventually we got there, I assume by the start of next year we will have a game even more popular than axie infinity (or axie moving to BSC who knows?) in the BSC world making it a lot bigger than ETH world.

Right now we have the biggest competitor is BSC for Ethereum and in recent time Solana is also increasing its technology with some more coming in this competition because now adoption is increasing, and we need some more in this field for better results.

Peoples really love to go with some new and unique ways as they want to increase in speed and less in cost which is very good as we all know competition is increased in smart contract platform.
Lightening DEX is also doing great as very quick transaction with very fewer fees, hopefully this will also catch the eye of this community.

Ruvi2000sew

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Of However, as I previously stated, blockchains like as Pollygon, BinanceSmartChain, and Solana benefit from low transaction costs and are now strong rivals to ethereum. In general, the cryptocurrency business is extremely decentralized, therefore it's not unexpected that new cryptocurrencies appear every day, and project developers fight to construct unique blockchain systems in order to compete in the market.

inanilujimi

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Maybe there will be an altcoin that will be the best that everyone wants with low transaction fees. Given the increasingly fierce competition with the number of altcoins that use smart contracts, of course every developer has the option to use them. but that certainly will not reduce the credibility of ETH for users as the king of altcoins.

gaston castano

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in my opinion so far bnb, solana, there will be ethereum's fiercest competitor, because they have an advantage in terms of transaction fees.
but for users and others, maybe eth is still superior to its competitors.

Aliceooo78

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Quote from: Yogee on August 13, 2021, 11:42:16 AM

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?

Same old issue? Ethereum successfully activated the London hard fork recently and part of the upgrade will lessen gas fees sooner or later. There are many available chains right now that has smart contract capability with "cheaper" transaction fees in dollar value. I'm pretty sure you've heard of BSC. Solana is another that's also popular.

Quote

Some people say that Bitcoin is digital gold and Ethereum is digital oil. So far I have not personally discovered a public chain that is more dynamic and innovative than Ethereum. Ethereum’s economic model and rising logic are very good.

I feel that there will be public chains that will surpass Ethereum in the future. It is only a matter of time. Let me explain the reason, but I can’t tell. There is only one reason. The truthfulness of the news we are exposed to is a big problem, because it can induce market sentiment and violent market volatility. Polkadot has a strong momentum to surpass Ethereum.

mumang siat

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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?

Many development teams need bright ideas to run their projects, they even give special prizes to people who can give them ideas, but many people don't mind this, people prefer to follow the projects they put out rather than give them ideas, if you serious about project development ideas, start with some new projects and offer them good ideas to keep the project going well going forward.
Large transaction fees are not a problem for today's society, if the services they offer can be used by many people and benefit every user.

H1N1

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Quote from: midaslordes on September 06, 2021, 06:56:39 AM

There are plenty of very good competitive that is now on-sight against Ethereum blockchain such as the polygon chain, solana network, binance smart chain and there is an announcement that even cardano will have its its own chain very soon.

Yeah, Binance smart chain is very popular because it is kind a 'copy of ethereum' blockchain with the smart contract.
Solana network is also my favorite blockchain, just look at the value of Solana in the market now, very high and already get #7 rank on CMC.
I hope ethereum network can reduce its gas fee to prevent ETH users leave and using other blockchain.

TheGreatPython

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Quote from: Baihaki Khaizan on September 06, 2021, 04:43:19 AM

Binance Smart Chain or BSC for short has become one of Ethereum's strongest competitors in 2021.

Binance Smart Chain can achieve a block processing time of 3 seconds using something called Proof of Staked Authority (PoSA), where participants stake BNB to become validators. If they propose a valid block, they will then receive a fee from the transactions contained in it. Importantly, there is no subsidy for newly minted BNB as BNB is not inflationary and its supply decreases over time as Binance regularly "coins burn".

The idea of a double chain architecture has the big goal of allowing users to seamlessly transfer assets from one blockchain to another. This way, fast trading can be enjoyed on Binance Chain, while powerful dApps can be built on BSC. The two products complement each other.

Binance Chain's BEP-2 and BEP-8 tokens can be exchanged for BEP-20 tokens, a new standard introduced for Binance Smart Chain. Without going into too much detail, the BEP-20 uses the same functionality as its Ethereum ERC-20 counterpart. In addition, the Binance Chain Wallet allows simple token transfers from one chain to another.

BSC is definitely one of the biggest competition that ETH has, even though for some weird reason ADA managed to beat BNB in the rankings, it is easily can be said that BNB is going very strong. That power comes from the DeFi world for now, but the moment there is a huge game in the BSC world you will soon realize that people will be crazy to not go into it, all we need is a good game that gets a lot of funding and a big development team, if we could achieve that in BSC then the price of BNB will go super high once again as well.

It will take time for that to happen for sure, we didn't had the next DeFi on BSC as soon as there was one in ETH neither, it took some time but eventually we got there, I assume by the start of next year we will have a game even more popular than axie infinity (or axie moving to BSC who knows?) in the BSC world making it a lot bigger than ETH world.

Orange89

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Their are many Blockchain that are coming in the market nowdays to give huge competion to the ongoing platform like Etherum presently also their are almost more than 60 token which had their own Blockchain if you are looking for a latest Blockchain then you may go with Ethernity and also you can look for platform like Kick Blockchain that is ongoing Blockchain and lanch on quarter 1 2023

Golftech

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Quote from: rika0223 on September 06, 2021, 11:09:12 AM

Binance is an Ethereum competitor. Regarding the large transaction fees on Ethereum, the most talked about so far, hopefully the high gas costs can be overcome so that Ethereum can be like it used to be so that it becomes popular again like it used to be.

The huge fees push those developers and traders to migrate to another chain such as BSC,
if ERC won't changed up the chance that BSC will catch all those money from this race.

It's always about how to minimized your expenses and continue to enjoy the services,
most likely in terms of competitions it's Binance that getting closer to ETH.

Very early for other projects as end users are jus starting to understand the potentials
and the usages.

stadus

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Quote from: Blitzboy on September 06, 2021, 01:50:47 PM

People are talking about Solana as if it was a ethereum strongest competitor. Well, Honestly, there are advanced and innovative tokens and blockchains which easily defeat etheruem on any scale. But you can't replace ethereum just by that. Everyone was talking about Ethereum to replace bitcoin in the past and now, BItcoin is still the strongest cryptocurrency on the world with obsolete, origin techs

Solana is a good coin, it might take the 3rd position from Binance.

Bitcoin will remain in the number 1 as it makes the crypto market popular, it was all bitcoin from the very start that's why other coins belong to the altcoins as they are only an alternative. For SOLANA, it's too early to tell that it will be the biggest rival of Etherum, though SOL has better tech, but ETH has been in the space for many years and it has already gained a lot of holders, eventually, ETH will improve as the team is continuously developing the project and one day we will see that transaction fee of ETH will be affordable to anyone.

Mr.Noda

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the blockchain race was launched a few years ago. From myself, I can say one thing, if Vitalik does not deal with the cost of commissions, then he will very quickly lose the sales market.

Blitzboy

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People are talking about Solana as if it was a ethereum strongest competitor. Well, Honestly, there are advanced and innovative tokens and blockchains which easily defeat etheruem on any scale. But you can't replace ethereum just by that. Everyone was talking about Ethereum to replace bitcoin in the past and now, BItcoin is still the strongest cryptocurrency on the world with obsolete, origin techs

Solana is a good coin, it might take the 3rd position from Binance.

justdimin

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Quote from: BaeSuzy on September 05, 2021, 03:49:40 AM

Right now i can say Cardano. Basically everyone else is bullshit.

Cardano seems to be the best positioned right now to compete with Ethereum. They made big improvements on Bitcoin/Ethereum and will be 'finished' in March 2021 while Ethereum has high gas fees and is transitioning to PoS which will still take a couple of years and is a very complex task.

Although, these alt settlement layers aren't really competing with ETH anymore, they are competing with layer 2 (Loopring, Matic, etc).

I would not say that everyone else is shit. First of all Cardano blockchain in the sense that it is fast and cheap and has so many layers that help so much is great, so I am not going to argue that ADA is bad, it is good, even great. However just because you like ADA doesn't make the other ones wrong or worse, it just makes them... different basically.

I still support ethereum itself, BSC, solana, matic, dot all of them are great, in the crypto world it is not good to promote one and bash the others, you will not win anything that way and you will crash and burn together and skyrocket together. Which is why I prefer the situations where all of them go up together, hence all those coins I listed are great, I would love to see them increase like crazy if possible. Obviously some of them may fail in the long run but I hope that does not happen anytime soon.

rika0223

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Binance is an Ethereum competitor. Regarding the large transaction fees on Ethereum, the most talked about so far, hopefully the high gas costs can be overcome so that Ethereum can be like it used to be so that it becomes popular again like it used to be.

Bikan

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why did you feel they possess degree at lower costs, and is the top one opponent to the Ethereum platform, and other comparable blockchains? The true issue is whether the developers are ready to expand!
We are willing to experiment with different networks rather than relying just on the Ethereum blockchain.
As a result, the power will shift from eth to any other good network, such as degree hexagon

bryant.coleman

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IMO, there are no need for any "new" blockchain. Existing blockchains such as Cardano are enough to replace Ethereum completely, if the developers could take care of the bugs and security issues. We already have too many cryptocurrencies and blockchains for the same purpose, and I don't think that there is a room for anymore. That said, I am very interested in some of the fourth generation blockchain projects that are in development currently. Who knows? Maybe in the next 4-5 years some of them maybe able to replace third generation projects such as Cardano.

trauchot

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At the moment, Ethereum blockchain is the most popular and most successful, but of course we all know that transactions through Ethereum blockchain are becoming more and more expensive and this is a very big problem and therefore BSC has been gaining immense popularity lately and I also see every day how many cryptocurrencies are moving from Ethereum blockchain to BSC, so I think the time will come when BSC will catch up with Ethereum blockchain or even surpass, but in the meantime, we need to try to make as few transactions as possible through Ethereum blockchain due to high transaction fees.

midaslordes

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There are plenty of very good competitive that is now on-sight against Ethereum blockchain such as the polygon chain, solana network, binance smart chain and there is an announcement that even cardano will have its its own chain very soon.

aylabadia05

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Binance is currently competing with Ethereum with its Binance Smart Chain.
Ethereum is indeed complained by many people because of its expensive transaction fees, so it is not surprising that currently many people are using Binance Smart Chain because it is considered cheaper transaction fees.

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