Is there a new blockchain that will compete with Ethereum?

[Mr.Noda]

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.

[stadus]

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.

[Golftech]

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.

[Orange89]

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

[TheGreatPython]

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.

[H1N1]

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.

[mumang siat]

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.

[Aliceooo78]

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.

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.

[gaston castano]

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.

[inanilujimi]

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.

[Ruvi2000sew]

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.

[wiss19]

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.

[Ekyfitri]

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.

they became very popular quickly because they offered potential projects and of course cheaper transaction fees that ethereum had not yet overcome.
not just Solona and current BSC. even Polygon is also gaining attention from the market for its adoption of blockchain developed at a very low cost. now there is also news from Cardano. we look forward to whether it will all work out smoothly with success or not.

[Cling18]

There have been lots of altcoins that are trying to compete with Ethereum but we all know that it's more trusted despite its high gas fee. Some traders still prefer Ethereum because it has been giving convenience for years. However, some trusted blockchain coins are also existing just like BNB but I don't see any competition between them since they're both being used by many.

[darahjuang]

The Binance Smart Contract (BSC) is currently one of the lowest-cost gas-related ones that I know of. Many use Binance Smart Chain smart contracts for this reason. In my opinion, Ethereum gas costs will decrease when ETH 2.0 is launched

[arifteguhr]

The Binance Smart Contract (BSC) is currently one of the lowest-cost gas-related ones that I know of. Many use Binance Smart Chain smart contracts for this reason. In my opinion, Ethereum gas costs will decrease when ETH 2.0 is launched

ETH 2.0 has been launched through the London Hard Fork within this year and I think the cost issue is no longer a problem even though it is not as cheap as Binance Smart Contract (BSC), because the cheapest transaction fees now are not on Binance Smart Contract (BSC), but on Matic with Polygon network and one more thing, try to calculate the amount of fees on the Binance Smart Contract (BSC) if the BNB price is the same as the current ETH price, is it cheap or expensive.

[sirminesalot]

there are many blockchains that are making headways with trials of providing solutions to the fees issues like the binance chain, matic, Avax , Solana and so on. they are trying their best but i still feel people are more confident with Ethereum. its too early to judge though thats why we need to give some more time so they can prove theirself.

Those coins are have their own fans but the community of ethereum still bigger than those. Also ethereum is still keep improving everyday. It's platform followed by many other coin's platform but i think people still use ETH because they know it first. Many network used by doing transaction, means more mistake that will happen because we have to change the network and should careful choosing coin network before sending a transaction.
I hope in the future there are a unified network that could gather all the tokens into a network that could provide all coins.

[zulfi125]

There are many competitors of Ethereum in the crypto market and more will comes in the future, there are many blockchains are running to compete with the Ethhereum, Solana, BSC Chain, AVAX polygon, HECO, and also Cardano will be in the coming months. I hope gas fees will be down at Ethereum in the coming months.

[kramchers]

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 don't have any idea about the new blockchain that has a capability to compete with Ethereum except for BSC, because nowadays most the
new project that arise here in crypto space are mostly used BSC platform for their token, and because of this I think it is very seldom now where few projects in which conducting a campaign using ERC20.

[MSN02]

ETH will always be king but projects like SOL and NEAR are in competition with ETH since it’s much cheaper and faster to use their networks instead of ETH. SOL failed when all to many people started using the network but I think it’ll definitely bounce back. The same is true with ADA. NEAR is everything ETH 2.0 promises to be and it’s ready for mass adoption. Price on NEAR will not fluctuate to much even when many people start using the network because it’s built for that. It’s still a young project but it’s grown tremendously this bull run and definitely worth keeping an eye on.