RSK: The Ethereum Killer?

[Abiky]

RSK sure is a good platform but it might never be able to overtake Ethereum. Before we used to hear about many projects which claims to offer better services and features than Bitcoin, some even claimed to offer more TPS but where are they now? They are a shadow of themselves. Same was said about Ethereum where many upcoming blockchains claims to overtake it yet Ethereum is still there waxing strong. What I understand is, the issue isn't about beating Ethereum or any other coin it is about a project sticking to what it believes in, developing and improving it; it is only through this way that they can have a good competition with Ethereum. Until then Ethereum is still hard to be beaten because most projects aren't even prepared for long term development.

Good point. It's not about features/tech, but what real use cases you're able to provide as a project for the mainstream world. There are so many ETH competitors out there on the market with greater speed and lower costs. Yet, none have been able to overcome ETH's second position on market cap. This is largely because Ethereum has a proven track record of development and innovation since inception. Not to mention, it's the most trusted smart contract platform in the world today. Developers and everyday people will not be interested in something new that's not been tested thoroughly. While RSK is completely compatible with Ethereum's Solidity programming language, it's still in its infancy. The biggest advantage RSK has over Ethereum is that it leverages the security of the main Bitcoin blockchain. This will allow it to be much more resilient against 51% attacks and disruptions from buggy smart contracts on its platform. By being pegged 1:1 to BTC, RSK's possibilities could be expanded far beyond reach.

I'd say that there's a slight chance RSK will be able to rival Ethereum in the future, if it continues to improve over time. But it's nearly impossible for RSK or any other smart contract platform to take ETH's place on the market because of the aforementioned reasons. RSK would better off serve as a complement to Bitcoin and Ethereum than anything else. The more smart contract platforms emerge in crypto land, the better, as the Blockchain industry will mature like never before. Each smart contract platform has its unique features and real use cases for the mainstream world. Whenever it's RSK, Tron, Cardano, or EOS, all decentralized applications have one thing in common. And that is the dependence on Blockchain technology for truly unstoppable computations across the world.

Nonetheless, if developers continue to work on the RSK smart contract platform, it could become a big player in the Blockchain industry. But I don't think it'll be able to replace Ethereum anytime soon, as the latter has first-mover advantage. Basically, all of ETH's rivals clam themselves to be "Ethereum Killers. But at the end of the day, they're just another "kid on the block". They even have greater transaction capacity than ETH, they're still missing adoption within the mainstream world. RSK and other smart contract platforms would only serve as "experimental grounds" for smart contracts, while Ethereum will be the "real deal". It'll be interesting to watch how everything unfolds in the future with RSK as a smart contract platform which depends on Bitcoin for security and reliability. Just my thoughts

[nelson4lov]

RSK isn't the Ethereum killer. Y'all need to stop saying RSK is the ETH killer. It's the same way people got caught up in the hype about Ethereum being the bitcoin killer and then we had a flippening attempt and today, it's a different story all together. No doubt, RSK is one the very few projects that are actually developing. Let's see it this way, both projects have their own purpose and ecosystems.

[nicecrypto]

RSK isn't the Ethereum killer. Y'all need to stop saying RSK is the ETH killer. It's the same way people got caught up in the hype about Ethereum being the bitcoin killer and then we had a flippening attempt and today, it's a different story all together. No doubt, RSK is one the very few projects that are actually developing. Let's see it this way, both projects have their own purpose and ecosystems.

Yelp, I bet some people still believe ethereum will kill btc one day they are waiting for that day to come anxiously (which may never happen) same thing is happening with rsk,
The only thing I know it kills eth with is the price, I mean, this coin is literally almost the same price with btc, ATH was at $63,368 couldn't believe it on coingecko...... except this is another coin we are talking about,
Tech wise and widely use and know aspect, I don't think this can match up with ethereum yet, but price wise, definitely kicking eth ass

[Nadziratel]

How many Bitcoin killer and Ethereum killer have we seen so far? I have never counted.
I think it is very pointless to be in search of this issue. Ethereum number 2 cryptocurrency. If RSK aims to be a good crypto project, it should be done by doing better by not disparaging other successful projects.

[serjent05]

In a market, as long as the development never ceases, there is always a possibility that the one lagging behind will outperform the one who is leading.  What I mean to say is that it is early to say something about RSK to beat ETH or to be a real contender since the project is still young and still at its early phase of development.  I am also not removing the possibility of RSK to be an ETH killer, we never know what the future will be and only time will tell.  And always consider that "the only permanent in this world is change" so let us not close the door for the possible ETH killer in the future if we see potential, better to grab the opportunity than be left behind.

[flagpara]

I've been researching a lot about sidechains and other solutions built on top of the main Bitcoin blockchain lately. I came across a new smart contract platform named "RSK" which leverages the main Bitcoin blockchain for security/reliability. Considering that "RSK" is largely compatible with Ethereum's smart contract programming language (Solidity), it might become a huge contender of the world's second-largest cryptocurrency by market cap (ETH). After all, "RSK" will prove to be much more secure and resilient than the main ETH blockchain. Developers would prefer to create new dApps on the "RSK" sidechain, because of its greater level of security than ETH. Best of all, those who mine "RSK" will also be mining "BTC" (merged mining) becoming highly beneficial for both chains.

What are your thoughts? Do you think "RSK" will be able to "topple" ETH sometime in the future because of its dependency on Bitcoin's blockchain for security/reliability? Will it become one of the most popular smart contract platforms in the world sometime in the future?

Your elaborate about this RSK smart contract platform was so good. More transaction per seconds coin already exists in cryptocurrency but Bitcoin is top. In some way or security this coin could good but Ethereum is second largest coin and RSK can't kill Ethereum Blockchain.

[Abiky]

RSK isn't the Ethereum killer. Y'all need to stop saying RSK is the ETH killer. It's the same way people got caught up in the hype about Ethereum being the bitcoin killer and then we had a flippening attempt and today, it's a different story all together. No doubt, RSK is one the very few projects that are actually developing. Let's see it this way, both projects have their own purpose and ecosystems.

Yes. I've noticed how many competing Blockchain platforms have claimed to be "The Ethereum Killer" when none have been able to outpace the world's second-largest cryptocurrency by market cap. Competing smart contract platforms may have greater speed and lower costs than Ethereum, but they're lacking mainstream adoption. With ETH's first-mover advantage on the market, it looks very unlikely that another smart contract platform will be able to overcome its dominance within the mainstream world.

The concept of RSK may be interesting, but it's still highly experimental. At least, the RSK platform expands Bitcoin's functionalities via a smart contract based sidechain. In terms of security and reliability, the RSK platform greatly outpaces Ethereum by a long shot (as it relies on BTC's hashrate for resistance against 51% attacks). Yet, RSK doesn't have a programming language of its own. Instead, it uses Ethereum's Solidity programming language for smart contracts. This dependence on Ethereum, may not allow RSK to compete with the world's second-largest cryptocurrency by market cap directly. Even TRON is widely compatible with Ethereum's EVM. The only ETH competitors that have true originality and creativity are Cardano and EOS. These platforms have a greater chance of outpacing Ethereum in the future, than RSK itself.

Nonetheless, it's no secret that RSK is not well-known within the crypto space. The team may need to ramp up their marketing/promotion efforts if they want to increase the adoption of RSK within the mainstream world. As long as the platform is "under the radar" I don't see it going anywhere. But it's nice to know that there's a smart contract solution out there that relies on the main Bitcoin blockchain for added security. Just my opinion

[bitcoinst]

Let's see what we have here. Another ether killer.
Amazing If I’m not mistaken, such murderers are at least more than 10, and all of them have been trying together several years to overthrow the king of alternative coins.
How much they succeeded we can observe now in the current market. Perhaps in the future one of them will be lucky.

[CaVO32]

Let's see what we have here. Another ether killer.
Amazing If I’m not mistaken, such murderers are at least more than 10, and all of them have been trying together several years to overthrow the king of alternative coins.
How much they succeeded we can observe now in the current market. Perhaps in the future one of them will be lucky.

Yes, many have attempted to beat, compete, kill eth but i don't think they can catch up with eth in terms of popularity and usage. and we are not talking the solid development team of eth yet. there is no problem for other projects to try hard enough in competing with bitcoin or eth, as long as they will give a good fight and not screwing their investors by promising that their project will be the next eth or btc. they may create few advantages in features but what they will tackle is the mass adoption. normally, the initial introduction is very hard for every project as they need to gain trust from the users.

[shinratensei_]

How many Bitcoin killer and Ethereum killer have we seen so far? I have never counted.
I think it is very pointless to be in search of this issue. Ethereum number 2 cryptocurrency. If RSK aims to be a good crypto project, it should be done by doing better by not disparaging other successful projects.

The funny thing is If you are talking about ethereum killers and the all of the new smartcontract platforms are exist today have already claimed to be ethereum killer but if we are talking about bitcoin killer and even ethereum has already declared to be bitcoin killer and these projects are having their own capacity for where they will be exist. The result of RSK is not so good as when it was introduced first.
We don't need platform that tried to beat another project but what we need to see a project that created a new innovation.

[Abiky]

Let's see what we have here. Another ether killer.

Amazing If I’m not mistaken, such murderers are at least more than 10, and all of them have been trying together several years to overthrow the king of alternative coins.
How much they succeeded we can observe now in the current market. Perhaps in the future one of them will be lucky.

That's certainly true, mate. There have been so many alternative versions of Ethereum aiming to compete with it directly. I've seen many times where new projects have claimed to be the next "Ethereum Killer", yet unable to surpass ETH's level of adoption within the mainstream world. The RSK blockchain is just an experimental platform for smart contracts just like the rest of competing chains on the market like TRON and EOS. Considering that Ethereum has first-mover advantage on the market, it's hard (if not impossible) to take down its place anytime soon. Ethereum competitors may have technological superiority (greater scalability, additional features), but they're not as widely supported as the original smart contract platform.

In the end, RSK will be just another Blockchain network like the rest on the market right now. It may complement Ethereum in every way, but it cannot serve as a replacement for many obvious reasons. The fact that RSK relies on BTC's hashrate, will allow it to be widely resistant against 51% attacks. Since Ethereum is less secure than Bitcoin, people could easily migrate to RSK in case the ETH blockchain experiences such attacks. After all, RSK is widely compatible with the EVM. Even TRON is compatible with the EVM. With so many options to choose from, people and developers can decide whenever to build or interact with decentralized applications from one chain to another. What's important is blockchain interoperability than anything else. As long as different crypto projects work together in order to make the world a better place, nothing can go wrong. Just my opinion

[Shallow]

All these issue of one project will kill another existing project, most times I don't really get it. We can only point out the features in new projects which we think might be a good opportunity to kill another existing project and we ends up being wrong. This has been happening since inception and will still continue but the funny thing is, those project killers still don't succeed in killing any project. Just like someone saying ETH will take over Bitcoin, we all know it won't be possible. In my own view, I say, let the project team go ahead and develop whatever they think is capable of attracting invested, users etc which will make them shift their attention to the new project. Most of these new projects have good ideas, but the main question is, are they willing for the competition ahead? Binance came with a winning spirit and look at where it is today, how many are ready to take up that same spirit to beat any project whatsoever? No project is beating Ethereum anytime soon because Ethereum blockchain is also improving as well, but if they are willing for the future competition maybe, just maybe they might stand a chance, till then let me keep my fingers crossed.

[Abiky]

All these issue of one project will kill another existing project, most times I don't really get it. We can only point out the features in new projects which we think might be a good opportunity to kill another existing project and we ends up being wrong. This has been happening since inception and will still continue but the funny thing is, those project killers still don't succeed in killing any project. Just like someone saying ETH will take over Bitcoin, we all know it won't be possible. In my own view, I say, let the project team go ahead and develop whatever they think is capable of attracting invested, users etc which will make them shift their attention to the new project. Most of these new projects have good ideas, but the main question is, are they willing for the competition ahead? Binance came with a winning spirit and look at where it is today, how many are ready to take up that same spirit to beat any project whatsoever? No project is beating Ethereum anytime soon because Ethereum blockchain is also improving as well, but if they are willing for the future competition maybe, just maybe they might stand a chance, till then let me keep my fingers crossed.

Agree. RSK may never replace Ethereum no matter how hard it tries. But at least, it could complement Ethereum in many ways. Being "attached" to the main Bitcoin blockchain, brings its benefits. The RSK blockchain can enjoy greater security and reliability unlike any other smart contract platform in existence today. At least, that's an advantage RSK has over its competitors. With different smart contract platforms in existence, the competition gets tougher day by day. Each have their own features and unique use cases for the mainstream world. Since Ethereum was the first smart contract platform ever created, it has obtained first-mover advantage on the market. At this point, it's nearly impossible for any other smart contract platform to take over ETH's place as the world's second-largest cryptocurrency by market cap.

Even Binance Chain was hailed to be the next "Ethereum Killer". But what matters most is mainstream adoption and real use cases instead of the technology or features of a smart contract platform. Binance Chain may be faster and cheaper than Ethereum, but it's way behind in terms of mainstream adoption. Same applies for RSK, Cardano, EOS, and any other smart contract platform created to date. Despite this, I believe that the future is bright for alternative smart contract platforms like RSK and EOS as they provide unique use cases for the mainstream world. Some businesses or companies would prefer a platform that focuses on security above all else. While others would prefer convenience (greater speed, lower costs) above all else. With so many options to choose from, I believe that each smart contract platform will shine on its own.

That said, RSK is still an experimental platform not ready for mainstream use. Cardano is in the same path, so I think we're still early to talk about them. Whenever RSK will prove to be successful in the long run, it's yet to be seen. It's an interesting concept that proves the power of sidechains on the Bitcoin network. Since RKS is widely compatible with Ethereum's Solidity programming language, developers could easily migrate their dApps into the platform to enjoy a greater level of security/reliability than Ethereum. Whatever the case may be, RSK could experience greater adoption once it's finalized for mainstream use. Just my opinion