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Author Topic: Is there a new blockchain that will compete with Ethereum?  (Read 1867 times)
cryptoknows (OP)
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August 13, 2021, 04:34:09 PM
 #1

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?
Yogee
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August 13, 2021, 04:42:16 PM
 #2

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.

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August 13, 2021, 04:42:57 PM
 #3

Did you know!

Right now other chain-like "BSC, Polygon" is compatible with ETH address and now a lot exchanges already supported a single address with a different chain. I guess that's already one of the solutions we're getting for the fee issue.

You only need to change the network for the transaction without creating another address with different chain.

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kolonel_x
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August 13, 2021, 04:52:00 PM
 #4

for now there is nothing really visible but I think BSC has now made a breakthrough and maybe in the next few years they will make a chance to compete.
because we know now bsc has also penetrated and its fans are everywhere because they have a system that is almost the same as eth with a ratio that is cheaper and more reliable, especially for small traders, besides that the bnb coin burning system is also still the flagship. BSC in order to get a good stigma among its fans.

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kurniawan05
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August 13, 2021, 04:52:45 PM
 #5

Many blockchains have smart contracts such as ethereum and with very small gas fees such as BSC, Tron and Fusion. But they are all less popular than ETH. For future ETH updates, hopefully the high gas costs can be overcome.

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cryptoknows (OP)
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August 13, 2021, 04:55:58 PM
 #6

for now there is nothing really visible but I think BSC has now made a breakthrough and maybe in the next few years they will make a chance to compete.
because we know now bsc has also penetrated and its fans are everywhere because they have a system that is almost the same as eth with a ratio that is cheaper and more reliable, especially for small traders, besides that the bnb coin burning system is also still the flagship. BSC in order to get a good stigma among its fans.
hmm, it sounds great, me will need to look
bizfyn_ru
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August 13, 2021, 04:56:19 PM
 #7

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?
Dude, try Near.
You can use it 100%.
There is its own EVM, a Blockchain that is much faster and more economical than Ethereum and other cool things.
Study it!
cryptoknows (OP)
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August 13, 2021, 04:58:16 PM
 #8

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?
Dude, try Near.
You can use it 100%.
There is its own EVM, a Blockchain that is much faster and more economical than Ethereum and other cool things.
Study it!
EVM? That is, I can emulate Eth smart contracts inside the Near ecosystem?
indah rezqi
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August 13, 2021, 05:22:47 PM
 #9

If it is true that Binance will create smart contracts, then Binance is a competitor to Ethereum.
Regarding the large transaction fees on Ethereum the most talked about so far. I see it as structured.
When Ethereum corrected the London hard fork were the transaction fees still high? I'm sure there are still some who haven't tested the transaction fees on ETH yet.

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Sterbens
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August 13, 2021, 05:40:20 PM
 #10

If it is true that Binance will create smart contracts, then Binance is a competitor to Ethereum.
Regarding the large transaction fees on Ethereum the most talked about so far. I see it as structured.
When Ethereum corrected the London hard fork were the transaction fees still high? I'm sure there are still some who haven't tested the transaction fees on ETH yet.

You only need to take advantage of the GAS that is going down, although the market is not too dense depending on how it increases. Everything about the Eth network will gradually be resolved because Rome was not built overnight to be able to stand strong. The initial stages have been carried out with the London Hard Fork taking place, and of course, other developments will not stop there,

Ethereum will continue to provide higher tidal waves, and they will need to match the level of user demand for transactions with the fees that many people often complain about.
As an alternative BSC has given you the option to switch and it turns out that not only BSC, Polygon, Solana also offers the same thing. We just need to choose in which direction the transaction is used. They have made cross-delivery, so it is very good in the future to be able to connect with each other even though they are on different networks.

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August 13, 2021, 05:44:41 PM
 #11

If it is true that Binance will create smart contracts, then Binance is a competitor to Ethereum.
What do you mean "if it's true"? You have not heard of the Binance Smart Chain? Where have you been?

Quote
When Ethereum corrected the London hard fork were the transaction fees still high? I'm sure there are still some who haven't tested the transaction fees on ETH yet.
I don't know what is "high" to you but you don't have to ask these questions. All you need to do is visit gas tracking sites like https://etherscan.io/gastracker and you'll find what you're looking for.


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August 13, 2021, 05:50:41 PM
 #12

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?

Correct me if i'm wrong, but i see you writing "hey, i'm late for the ETH train, do you think there's gonna be INSERT_SHITCOIN train soon which i can get in early and not regret missing ETH"?.

Truth is, probably not.
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August 13, 2021, 05:59:10 PM
 #13

I think fusion is a very good blockchain that has a very good technology built into it, though people are yet to discover the kind of powerful tech that runs on fusion blockchain, which I also think suppasses Ethereum and Binance smart chain put together, this project have been around for about 4 years or there about, and recently, they launched a new defi project which is know as Chainge finance, this project is amazing and its all powered by fusion, it's only a matter of time before people discover this amazing project and it skyrockets, Chainge finance is already doing very well considering the fact its just about 3 or 4 months old.

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August 13, 2021, 06:07:06 PM
 #14

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?
If only fees then you can used fantom or matic instead. These two are the known blockchain with lowest fee at the moment. Even lower than bsc network fee that their 1 coin can be used for multiple transactions. But in terms of massive adoption we cant deny that ethereum is still the best one to use and been used by many since then. So its gonna be hard to find an alternative for that. Its not really that bad in my opinion.

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August 13, 2021, 06:08:11 PM
 #15

I think you have missed the London Hardfork for ETH 2.0 which also fix the fee issue more or less however, Polkadot/BSC network can be the alternative to Ethereum Chain if you are looking for testing an alternative one to compare Ethereum with others. People have specilated Polkadot as next Ethereum and/or Ethereum killer but at the end of the day, Polkadot is getting late with so many updates.

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August 13, 2021, 06:18:47 PM
 #16

Fee is always a big issue in Eth. Bsc network is better than Eth erherium in fee only. But Bsc cannot handle thosands transaction per seconds.
Solana , people says Etherium killer can compete with Eth. Similarly Xrp can always next blockchain better than Etherium.

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August 13, 2021, 06:21:15 PM
 #17

There are already competitors bro why do you think we have bsc with a reduced fees which is the number one competitor to Ethereum network, and there are several other similar blockchain but the real question is are the devs ready to diversify! Instead of using eth blockchain all the time are they ready to try out other network! By doing so the power will a bit from eth to any other good blockchain be it bsc, polygon etc.

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August 13, 2021, 06:28:37 PM
 #18

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?

I think MATIC and BSC are another alternative, because the gas fees from MATIC and BSC are very cheap compared to Ethereum, so if you want to find a Blockchain whose gas fees are not as expensive as Ethereum, then MATIC and BSC are the right choices, but I personally still prefer Blockchain from Ethereum, because I am comfortable using Blockchain from Ethereum, even though gas fees from Ethereum are currently increasing, but I am sure when ETH 2.0 is launched, then of course gas fees from Ethereum will be low.
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August 13, 2021, 09:48:58 PM
 #19

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?
The competitor recently of Ethereum upon fees is the BSC/BNB. There are other projects that have been working with that chain because they find the fee to be cheaper than usual. But if you just want to have the cheap fees upon transfers, there really are other altcoins that can offer you that. Some choices are Dogecoin, Litecoin, TRX, XRP, Nano and there are others more. Those are the coins that I've been seeing when people are talking about cheap fees.

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August 13, 2021, 10:09:29 PM
 #20

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?
If we talk about commissions, then there are better projects, for example Tron. But there is nothing to do there Smiley
In Ethereum, it is better to use Level 2 Solutions.
It is also worth keeping an eye on the Cosmos and Polkadot projects. But they, too, will build their bridges with Ethereum.
You will not find Ethereum counterparts in decentralization.

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