Who is Ethereum's biggest competitor?

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Quote from: electronicash on March 27, 2024, 12:39:16 PM

by how much is been used in many tokens, BNB must be the closest competitor of ETH. its even more friendly and its fees are cheaper also. they use say ETH killers when there are projects related to smart contracts like SOL and ADA but they are not just that widely used by many developers. there are more projects even before BNB and SOL but none of them came close to ETH killer.

I share the same point of view: BNB chain could be the main competitor of Ethereum since 2021 because it is an EVM layer-1 blockchain, it is faster and cheaper than Ethereum while developers can easily deploy Dapps similar to on Ethereum. We have seen the development of the BSC ecosystem in 2021 and I believe the same will happen to the BNB chain in 2025.

Solana is also a big competitor for Ethereum because it is very fast and very cheap. In 2023, Solana received a large amount of capital from investment funds and made an impressive comeback after the collapse of FTX. Although Solana's ecosystem is developing thanks to memecoins and its network is still unstable, it is really competing with Ethereum in terms of popularity, users and Dapps. I really like the idea of Sagaphone from the Solana team

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Quote from: Miles2006 on March 29, 2024, 05:31:11 PM

The crypto space give room for competition unlike other investment choice. Different coins with different grades, marketcap, price, blockchain etc, the biggest competitor is Bitcoin and definitely this is common as bitcoin is the most trusted coin for long term. Aside bitcoin, XRP, Solana and Bnb is also a competitive coin with different market. Ethereum is doing well this past month and we hope for more definitely. When choosing a coin I don't think it's necessary finding the competitor and besides ethereun is a good coin

We should having good time watching the statistical data of these projects and be able to differentiate between Bitcoin and Ethereum. However the founders are different and both have been working extremely harder and challenge for both. Ethereum have fought hard all these past years to equal the same level with bitcoin but it have fallen severally and this is exceptionally not in the same range with bitcoin. Bitcoin is the top ranking coin and have brought the diversity crypto was all about.

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In my opinion at the moment the only real alternative that manages to stand up to and compete with ethereum is bnb is quite versatile and has many features and even if it has many fewer tokens on its blockchain and is not decentralized it is the only one that really comes close to ethereum there would also be fantom and solana but in my opinion they are still very far away

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Quote from: tyz on March 28, 2024, 08:09:09 PM

Quote from: oktana on March 28, 2024, 05:43:04 PM

I think that BNB is a better competitor than Solana. It doesn’t matter if it’s copy paste from Ethereum or not. They happen to be the biggest and possibly the only competitor. The fact that Binance has integrated their whole exchange with BNB keeps selling them even more. If Solana must compete then maybe it can compete with BNB and not with Ethereum.

Both BNB and Solana are very centralized. BNB is virtually under the sole control of Binance and Solana is also very centralized by a few. Therefore, they may be a competitor to Ethereum in terms of use case, but not in terms of decentralization and network stability and security.

You make a good point there but every feature that each of these platforms have is what makes them. So in such a comparison, you just need to give an overall overview instead of splitting the features. If centralization/decentralization is all it was about then neither BNB nor Solana should be doing well. Yet they are.

Miles2006

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The crypto space give room for competition unlike other investment choice. Different coins with different grades, marketcap, price, blockchain etc, the biggest competitor is Bitcoin and definitely this is common as bitcoin is the most trusted coin for long term. Aside bitcoin, XRP, Solana and Bnb is also a competitive coin with different market. Ethereum is doing well this past month and we hope for more definitely. When choosing a coin I don't think it's necessary finding the competitor and besides ethereun is a good coin

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Quote from: bluebit25 on March 29, 2024, 10:25:19 AM

Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

Ethereum is currently battling with other blockchain platforms like Cardano and Solana. These platforms also allow for the creation and use of smart contracts, but they might have their own advantages such as faster speed or cheaper fees than Ethereum. The blockchain industry is still relatively new and growing rapidly. Therefore, many blockchain platforms may coexist and develop in parallel.

It is possible that the competition among these blockchain platforms will continue to drive innovation and improve the overall efficiency of the industry. Despite the challenges Ethereum faces, it remains a prominent player in the blockchain space.

Ethereum is surely currently doing good job even we are having few competitors but due to market spread all are taking good and having their share with Ethereum is still no 1 and having no trouble to replace by anyone with few are surely trying their best for doing on Ethereum level, but they are having their own advantages and disadvantages which is clearly showing to all hopefully in near future as we will have more development in this we will have more good competitors which will jump and try to have better technology and use case about this all.
Blockchain is having bright future with many more innovative will be happened and as more adoption will be happened things will be having more improvements and competitors will be also increase which will create good things for all.

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Quote from: Bushdark on March 29, 2024, 12:45:05 PM

Quote from: bounceback on March 29, 2024, 10:55:09 AM

Quote from: jrrsparkles on March 27, 2024, 11:05:25 AM

Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

In my opinion, BNB is the biggest competitor for ethereum in all the aspects and for far in the recent years BNB is gaining momentum while ethereum is somewhat stagnant on its growth due to external factors like switching from PoW to PoS and even after switching the gas fee for token transaction is still on the expensive side which force the token projects to look for alternatives and that's where BNB stands as first choice.

In previous years, many people in Crypto circles often said that there were several alternative coins such as Solana, ADA and BNB which were Ethereum killers but in fact so far none of these coins have been able to surpass the price of ETH, so I say even if one day Later there will be altcoins that use more sophisticated technology but they still cannot beat the fundamentals of the Ethereum coin because basically the Ethereum coin has been recognized by investors that it is the king of thousands of other altcoins.

We don't even have to think of it too much because there are so many alternatives to Ethereum which are many and they are available in the market. The market is big with so many crypto projects with their own Blockchains other project can built their token on.
We have BNB, Solana, Tron etc which I can't even mention all for now. We just have to concentrate on crypto project we can buy and hold making profits from without having to wait for months before we see a single profits to appreciate.

There isn't any alternative of ETH network. We we have some layer 1 projects that just tried to be better than ETH network but it seems they are nowhere near the adoption rate of ETH network. What i am seeing is some project will fade away like all the bitcoins competitor are living under bitcoins shadow. If any layer 1 wants to make its position in the market it needs to find its unique narratives and way to do it. Trying to be better than ETH network and solving the same problem won't work in the long term.

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Quote from: bounceback on March 29, 2024, 10:55:09 AM

Quote from: jrrsparkles on March 27, 2024, 11:05:25 AM

Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

In my opinion, BNB is the biggest competitor for ethereum in all the aspects and for far in the recent years BNB is gaining momentum while ethereum is somewhat stagnant on its growth due to external factors like switching from PoW to PoS and even after switching the gas fee for token transaction is still on the expensive side which force the token projects to look for alternatives and that's where BNB stands as first choice.

In previous years, many people in Crypto circles often said that there were several alternative coins such as Solana, ADA and BNB which were Ethereum killers but in fact so far none of these coins have been able to surpass the price of ETH, so I say even if one day Later there will be altcoins that use more sophisticated technology but they still cannot beat the fundamentals of the Ethereum coin because basically the Ethereum coin has been recognized by investors that it is the king of thousands of other altcoins.

We don't even have to think of it too much because there are so many alternatives to Ethereum which are many and they are available in the market. The market is big with so many crypto projects with their own Blockchains other project can built their token on.
We have BNB, Solana, Tron etc which I can't even mention all for now. We just have to concentrate on crypto project we can buy and hold making profits from without having to wait for months before we see a single profits to appreciate.

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Quote from: jrrsparkles on March 27, 2024, 11:05:25 AM

Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

In my opinion, BNB is the biggest competitor for ethereum in all the aspects and for far in the recent years BNB is gaining momentum while ethereum is somewhat stagnant on its growth due to external factors like switching from PoW to PoS and even after switching the gas fee for token transaction is still on the expensive side which force the token projects to look for alternatives and that's where BNB stands as first choice.

In previous years, many people in Crypto circles often said that there were several alternative coins such as Solana, ADA and BNB which were Ethereum killers but in fact so far none of these coins have been able to surpass the price of ETH, so I say even if one day Later there will be altcoins that use more sophisticated technology but they still cannot beat the fundamentals of the Ethereum coin because basically the Ethereum coin has been recognized by investors that it is the king of thousands of other altcoins.

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Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

Ethereum is currently battling with other blockchain platforms like Cardano and Solana. These platforms also allow for the creation and use of smart contracts, but they might have their own advantages such as faster speed or cheaper fees than Ethereum. The blockchain industry is still relatively new and growing rapidly. Therefore, many blockchain platforms may coexist and develop in parallel.

It is possible that the competition among these blockchain platforms will continue to drive innovation and improve the overall efficiency of the industry. Despite the challenges Ethereum faces, it remains a prominent player in the blockchain space.

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Quote from: synchronym on March 29, 2024, 01:14:35 AM

Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

Ethereum is one of the top alt coins so no doubt it can be invested here. Many people have made huge profits by investing in Ethereum, I myself have made huge profits by investing in Ethereum. So if you want to invest in Ethereum then definitely you can invest. Ethereum is the most reliable alt coin but if you compare it with Bitcoin the two are ruling the two places. If you are investing in Bitcoin, you must invest fifty percent in Bitcoin and fifty percent in Ethereum. Whether you invest in Ethereum or Bitcoin, you must have enough knowledge about the market before investing, and if you invest with a long-term plan, you can definitely benefit greatly from this investment.

Sorry man, this is off topic. You're talking about ethereum itself as the main subject is an ask about a big competitor of ETH?
I don't know what you are tyring to pull with your investment recommendation here, sry man Grin

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Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

Ethereum is one of the top alt coins so no doubt it can be invested here. Many people have made huge profits by investing in Ethereum, I myself have made huge profits by investing in Ethereum. So if you want to invest in Ethereum then definitely you can invest. Ethereum is the most reliable alt coin but if you compare it with Bitcoin the two are ruling the two places. If you are investing in Bitcoin, you must invest fifty percent in Bitcoin and fifty percent in Ethereum. Whether you invest in Ethereum or Bitcoin, you must have enough knowledge about the market before investing, and if you invest with a long-term plan, you can definitely benefit greatly from this investment.

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Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

Among the list I don't see any of the is have the capability or chance to beat Ethereum. Right now Solana network is one of the players that I can see it is the biggest competitor.
About your list, Avalanche, Avalanche is a layer-2 network that runs on top of Ethereum so for me, I can't consider it as a competitor because it's like they are in one team helping Ethereum network.

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Quote from: oktana on March 28, 2024, 05:43:04 PM

I think that BNB is a better competitor than Solana. It doesn’t matter if it’s copy paste from Ethereum or not. They happen to be the biggest and possibly the only competitor. The fact that Binance has integrated their whole exchange with BNB keeps selling them even more. If Solana must compete then maybe it can compete with BNB and not with Ethereum.

Both BNB and Solana are very centralized. BNB is virtually under the sole control of Binance and Solana is also very centralized by a few. Therefore, they may be a competitor to Ethereum in terms of use case, but not in terms of decentralization and network stability and security.

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Quote from: Bureau on March 28, 2024, 02:16:01 AM

Quote from: oktana on March 27, 2024, 06:42:35 PM

Of course it is BNB. Firstly, both BNB and Ethereum support smart contracts, and when Ethereum started seeming impossible with its fees, it was BNB that took over. Also, transaction speed and cost is another reason why BNB is Ethereum’s biggest competitor. Lastly, Binance has gained huge attention in the past years. It has grown so much and this equally has increased the strength of the BNB token.

BSC is a copy-paste of the Ethereum blockchain and yes it is a big competitor of it. BNB is required to use the Binance smart chain which is why there is a demand for BNB. Another competitor that has emerged recently in the market is the Solana blockchain. A lot of meme coins are now part of the Solana ecosystem which is the reason why everyone is now interested in it. Another benefit of Solana is its cheap fee like Binance smart chain has which is why these two are good competitors of Ethereum now.

I think that BNB is a better competitor than Solana. It doesn’t matter if it’s copy paste from Ethereum or not. They happen to be the biggest and possibly the only competitor. The fact that Binance has integrated their whole exchange with BNB keeps selling them even more. If Solana must compete then maybe it can compete with BNB and not with Ethereum.

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Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

I think for now, BNB and also Solana are the biggest competitors. both are competitive enough to make them able to compete with Ethereum. Even though in terms of market cap, they are still far behind Ethereum. However, if they can survive, this will be quite troublesome for Ethereum, especially in terms of using its blockchain network. Because both BNB, in this case BSC and Solana, provide a more attractive network compared to the Ethereum network. Not only regarding the technology, but especially also the transaction fees, where Solana and BNB are quite winning in this regard. Both of them even offered much smaller transaction fees, but at fairly competitive speeds. This is why most projects currently use these networks.

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Quote from: Makus on March 28, 2024, 02:39:36 AM

In my own opinion, for now Ethereum being the kind of altcoins doesn't have any competitor on ground. Though BNB and Solana are looking forward to getting close to Ethereum but they are still way too far from Ethereum. The market cap of Ethereum is more than 4x of the market of either BNB or Solana. Therefore I'll say there is no competition there, the only competition we have is between BNB and Solana who will take the position of the 3rd best altcoin based on market cap as USDT is the second in the top listed altcoins.

Currently, Ethereum is the top type of altcoin. For several years, Ethereum has remained in second place under Bitcoin, but looking at the developments and innovations created by other altcoins such as Solana, it is not impossible that it will overtake Ethereum in second place. Because Solana is currently one of the most popular blockchains known for its scalability, speed and low transaction fees. Additionally, Solana is also developing technology that allows the network to process transactions faster without sacrificing decentralization and security.

Apart from that, Solana also supports various developments such as NFT, DApp, DeFi, and others. With so many innovations like this, it could be said that Solana will become a competitor to Ethereum in the future besides BNB of course.

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Quote from: Vincentdeshong on March 27, 2024, 10:23:46 AM

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

When it comes to competitor then i would be saying it SOLANA..
There are even various articles about this matter.

Solana needs Firedancer, ‘ChatGPT moment’ to rival ETH, proponents say
https://cointelegraph.com/news/solana-flip-ethereum-needs-chatgpt-moment-analysts

Although there would be those people who would be saying that it is really that still far away which is true but who knows?
When it comes to fast transaction speeds then its something fast, plus having that cheaper fees on which this is something a main problem with ETH.
If this high gas fees wont really be able to be get resolved then i wont be shocked that one day that there would really be flipping on that #2 spot.

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Quote from: DeathAngel on March 28, 2024, 02:57:03 PM

One of Eth’s biggest competitors is Binance Smart Chain. BSC offers a similar decentralised platform for building & deploying smart contracts & decentralised applications (DApps). It’s gained popularity for its lower transaction fees & faster block confirmation times compared to Eth. BSC's native token BNB is used for various purposes within the Binance ecosystem. Eth and BSC have different design philosophies & target audiences they both aim to provide solutions for decentralised finance (DeFi) & enable the development of innovative blockchain based applications.

From a technical aspect, I think BNB is highly dependent on the actual exchange "Binance", which makes it not as decentralized and independent as maybe some others, even though their CEO seems to be quite skilful. Also their Token burn is a good possibility to reduce supply.
ADA has almost no use case compared to BNB, which makes it hard to compete.
I hope to see more development at a later time...

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One of Eth’s biggest competitors is Binance Smart Chain. BSC offers a similar decentralised platform for building & deploying smart contracts & decentralised applications (DApps). It’s gained popularity for its lower transaction fees & faster block confirmation times compared to Eth. BSC's native token BNB is used for various purposes within the Binance ecosystem. Eth and BSC have different design philosophies & target audiences they both aim to provide solutions for decentralised finance (DeFi) & enable the development of innovative blockchain based applications.

Topic: Who is Ethereum's biggest competitor? (Read 416 times)