A blockchain similar platform with Ethereum

[jjeeppeerrxx]

I assume that there are lot of members of this community expert about what Ethereum is and some of us here do not really understand what's the use of this Ethereum blockchain instead just heard, read and bought this cryptocurrency without even knowing what's the real purpose and usage of Ethereum Blockchain.

"Ethereum blockchain has some extraordinary capabilities. One of them is that you can build smart contracts. It’s kind of what it sounds like. It’s a contract that self-executes, and the contract handles the enforcement, the management, performance, and payment."

Now, couple of days ago Ethereum's value dropped badly and made the crypto community panic some says it's dying, some predicted that the value will continue to drop and back to zero (0) and so many negative news about Ethereum.

The question is this: Is there any other alternative crypto platform with the same functionalities or capabilities as Ethereum Blockchain who can take over?

If there is any, please comment and share your knowledge about that project and give us some advantages why it will over take or can possibly over take Ethereum Blockchain.

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[bitChipper]

"Ethereum blockchain has some extraordinary capabilities. One of them is that you can build smart contracts. It’s kind of what it sounds like. It’s a contract that self-executes, and the contract handles the enforcement, the management, performance, and payment."

Ethereum was the first mover in the sense that it had it's own programming language built in, it can be debated that existing platforms provided the possibility of smart contracts, platforms like omni, counterparty or maybe even NXT. Ethereum was not the first platform to have ICO's ran on it, Mastercoin (Omni now) was.

But Ethereum is BY FAR the most popular ICO platform, 2017 will go down in crypto history as the ICO boom, a huge influx of projects/companies utilizing the ERC-20 token model of launching an ICO.

Look at how much money has been invested into the ICO space, focus on the last 1.5 years.


Source: Coindesk, ICO Tracker https://www.coindesk.com/ico-tracker/

Now with that chart in mind, if you go to CMC and sort the top 100 tokens by market cap you will see that 94% of them are built on Ethereum....think about that for a minute. Thats literally billions upon billions of dollars built and resting on the Ethereum network. So many companies are depending on Ethereum to work and be a successful network. In my opinion it's to big to fail at this point.

The question is this: Is there any other alternative crypto platform with the same functionalities or capabilities as Ethereum Blockchain who can take over?

There are competitors but the market is dominated by Ethereum when it comes to smart contracts. But Eth does have some downside in that it doesn't scale very well and lacks privacy, for example take Komodo, they have integrated a Pow/Pos model so they have a better scaling mechanism and also have zk-Snarks (from Zcash) integrated as well, so good privacy. There are several other platforms that are good alternatives to Ethereum as well if you do your research.

[vit05]

There are several reasons why the price of Ethereum is falling. Few of them are related to the platform itself. The market as a whole is having difficulty pricing the prices of its assets correctly. Today we have over 600 projects that have collected Ethereum in their ICOs. Some of them have raised billions. They need to sell ethereum to maintain the activities of their projects and need to sell to try to keep the price of their assets at some value.

What we are seeing is a highly speculative market driven by fear, irrationality and necessity.

I believe there are better proposals than Ethereum, but they are still far from being tested at large scales. Ethereum is still the safest and most tested smart contracts project among all.

[jjeeppeerrxx]

Ethereum was the first mover in the sense that it had it's own programming language built in, it can be debated that existing platforms provided the possibility of smart contracts, platforms like omni, counterparty or maybe even NXT. Ethereum was not the first platform to have ICO's ran on it, Mastercoin (Omni now) was.

"Omni is a platform for creating and trading custom digital assets and currencies. It is a software layer built on top of the most popular, most audited, most secure blockchain -- Bitcoin. Omni transactions are Bitcoin transactions that enable next-generation features on the Bitcoin Blockchain. Our reference implementation, Omni Core is an enhanced Bitcoin Core that provides all the features of Bitcoin as well as advanced Omni Layer features."

According to their website as per checked, there are 396 projects running on this platform including MaidSafeCoin, Craig and etc. What I liked with this platform is that it runs within the Bitcoin blockchain upon reading but is there any bounty campaigns who is presently running in this platform recently?

The price of Omni at the moment is $8.91 USD according to CMC it's still low compared to Ethereum! Do you think that Omni will make it to the top and can overtake Ethereum in the future?

There are competitors but the market is dominated by Ethereum when it comes to smart contracts. But Eth does have some downside in that it doesn't scale very well and lacks privacy, for example take Komodo, they have integrated a Pow/Pos model so they have a better scaling mechanism and also have zk-Snarks (from Zcash) integrated as well, so good privacy. There are several other platforms that are good alternatives to Ethereum as well if you do your research.

Oh! There are a lot of smart contract platforms similar to Ethereum blockchain such as NEM / Hyperledger Fabric / Stellar Smart Contracts / iOlite — Create Smart Contracts With Natural Language / Neblio — Blockchain for Business / Lisk — Sidechains that were dominated by Ethereum because it is always a safe bet. Ethereum is a gold standard in the world of smart contracts and has the biggest capitalization among other platforms. The majority of token sales happen on the Ethereum platform, using the ERC-20 token standard.

I believe there are better proposals than Ethereum, but they are still far from being tested at large scales. Ethereum is still the safest and most tested smart contracts project among all.

Yes I agree with you as per checking on other smart contract platforms, Ethereum is still the best for now.

[icalical]

Yeah, there are some smart-contract platform that has similar features or maybe it is better than Ethereum for some people. The main competitor of Ethereum is probably NEM, some people might say that NEM is lack of decentralization but it also makes NEM, more secure, easier, and lighter than Ethereum. This is my favourite platform, and there some successful projects from NEM. Other platform such as Stellar, Wave and NEO also gaining popularity because this ethereum price decline I think, so there are many option for smart contract platform.

[Tobt]

This is my favorite platform and there some effective ventures from NEM. Other hand for exampl NEO additionally picking up prevalence since this ethereum value decay I think so there are numerous choice for shrewd contract stage.

[cryptosmith03]

If you compare crypto market, without blockchain no crypto is possible. Present time Ethereum has gone down. Best competitor of Ethereum is NEM in terms of security and market capital.Other crypto also gaining popularity because of the down condition of ethereum.
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[Patriode]

Ethereum is set with a strong blockchain technology system. Not only Ethereum but also any other genuine crypto currency, it is not possible to think their existence without blockchain technology. This is must for cryptocurrency.

[heritage35]

There are several other platforms that also allow smart contracts to be built and also in some ways better than the ethereum platform, such as Stellar and NEM platforms. Although,the main difference is that Ethereum's platform has been in use for quite some time now and it is the most frequently used.
Although, if details are being looked into, ethreum platform is far more preferred