Is there a new blockchain that will compete with Ethereum?

[OgNasty]

Ethereum gas prices has been really tough on everyone but since Binance smart chain, polygon and other smart chain network and most exchange accepts bridging between multiple network chains which is good for everyone..
Lets just all hope the new and better upgrades comes to ethereum

The tricky thing is that when you make transactions too cheap, like Polygon/MATIC, then it seems like there's no barrier of entry.  People can slap whatever scammy crap they want on the chain with very little risked on it.  When it comes to Ethereum, the gas price of putting up a smart contract alone might be enough to keep 98% of scammers out of the market.  It also makes it so people who do put up legitimate projects have a bit of skin in the game (even if it's only $50) that will make them put a lot more effort into their project as opposed to if they only have $0.02 on the line.

[AmoreJaz]

Ethereum gas prices has been really tough on everyone but since Binance smart chain, polygon and other smart chain network and most exchange accepts bridging between multiple network chains which is good for everyone..
Lets just all hope the new and better upgrades comes to ethereum

The tricky thing is that when you make transactions too cheap, like Polygon/MATIC, then it seems like there's no barrier of entry.  People can slap whatever scammy crap they want on the chain with very little risked on it.  When it comes to Ethereum, the gas price of putting up a smart contract alone might be enough to keep 98% of scammers out of the market.  It also makes it so people who do put up legitimate projects have a bit of skin in the game (even if it's only $50) that will make them put a lot more effort into their project as opposed to if they only have $0.02 on the line.

you have a valid point on this. with cheaper fees in other networks, they may soon be proliferated with crappy if not scammy projects. as the "devs" can easily create their own little project with no intentions of developing their objectives but only after for their possible gain from gullible buyers. so for people who are into these new networks, they should make sure that the project is running legit and with actual value in the market. definitely, scammers will avoid eth because they can't afford to even send their tokens to their buyers because of fees.

[Pelana vreo]

Binance Smart Contracts (BSC). Currently BSC is included in the low cost if the obstacles that occur in Ethereum are expensive fees and make you uncomfortable. Actually the high transaction fees on Ethereum are already a lot of complaints and everyone is aware of that. So, don't waste your mind, just try using BSC or you can also try Solana network.

Both networks like BSC and Solana have low costs, but as we saw yesterday, the Solana network is unusable, and BSC as we know, are they really decentralized?
i have a lot of tokens on ethereum network, and still waiting for Fork 2.0 to take place, i think gas fee is a problem for many people with transactions under $10 on ethereum network, but actually transaction and trading volume on Dex Ethereum network is bigger than the above two networks.

[Nasuhalugu]

Binance Smart Contracts (BSC). Currently BSC is included in the low cost if the obstacles that occur in Ethereum are expensive fees and make you uncomfortable. Actually the high transaction fees on Ethereum are already a lot of complaints and everyone is aware of that. So, don't waste your mind, just try using BSC or you can also try Solana network.

Both networks like BSC and Solana have low costs, but as we saw yesterday, the Solana network is unusable, and BSC as we know, are they really decentralized?
i have a lot of tokens on ethereum network, and still waiting for Fork 2.0 to take place, i think gas fee is a problem for many people with transactions under $10 on ethereum network, but actually transaction and trading volume on Dex Ethereum network is bigger than the above two networks.

On the way all networks have problems and that is a challenge. So far you are still questioning whether the BSC is really decentralized?
Almost all projects currently use the Binance Smart Contract (BSC) and besides the low cost, of course they are company owners or project owners who see other positive things from BSC.

[bitgov]

we have both seen their growth namely Binance, most likely and many predict BNB or BINANCE is a strong competitor to Ethereum, but it is not easy to happen because ethereum continues to be developed by its developers.

I don't think comparison of BNB and Eth blockchain is valid since one is centralized and other is decentralized respectively.
Just like there is long list of P2P cash transfer coins but BTC still rules the market. On the same footing, there is long list of blockchains that allow hosting DAPPs (SOL, Cardano etc) but still Eth rules the alt coin market. The prime reason is its huge community of developers that keep on developing it.

[BivxiuDavi]

As some users migrate to newer blockchains, developers will assess the viability and longevity of additional users on the Ethereum network to migrate to these new blockchains. As competition for users, attention, and capital increases, many developers and protocols may find a worthwhile trade-off to move into a new home. And if Ethereum continues to have difficulty scaling the network or encounters barriers to user experience, users may leave naturally.

[Dewi Aries]

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?

There are BSC which a lot of people mostly already know about it, and there are some chain that be used by new project like polygon and anything else. I think will only need time because a lot of new project already use new chain other than ETH and people slowly but sure will use it. I think that is from me, only need time like BSC which now have a lot of tokens that use this blockchain.

[ScamViruS]

There are BSC which a lot of people mostly already know about it, and there are some chain that be used by new project like polygon and anything else. I think will only need time because a lot of new project already use new chain other than ETH and people slowly but sure will use it. I think that is from me, only need time like BSC which now have a lot of tokens that use this blockchain.

Yeah. It takes time for a new project to gain acceptance among the community. Eth's alternative projects are already on the market, BSC is one of the most popular projects right now. If ETH's developers can't compete with other competing projects and develop better than them, then those projects will do something bigger in the future. So if ETH can't develop itself to the best of its ability, we may see in the near future that other blockchains are moving ahead of eth.

[Darktongue]

In the last few months there have been a lot of fast-growing altcoins such as Solana, Polkadot, and Cardano, but these altcoins have not been able to compete with etherem, even binance, which is trusted by crypto users, also cannot compete, let alone beat, the popularity of etherem, despite several months  ago Binance's growth is very convincing.  Because it was able to break through $1000 in such a short time, but after experiencing a correction, the price of Binance fell very deep and there is no sign of going up to repeat its achievements some time ago.

Almost every altcoins price fell deep when Bitcoin price fell deep. We can't blame Binance or other blockchain. Still, other blockchains couldn't defeat the Ethereum blockchain when we knew that Ethereum miners are more profitable than Bitcoin. Because of the high transaction cost, some users will probably switch to others blockchain, but it means they will complete. Ethereum 2.0 will recover all the problems.

[BivxiuDavi]

As some users migrate to newer blockchains, developers will assess the viability and longevity of additional users on the Ethereum network to migrate to these new blockchains. As competition for users, attention, and capital increases, many developers and protocols may find a worthwhile trade-off to move into a new home. And if Ethereum continues to have difficulty scaling the network or encounters barriers to user experience, users may leave naturally.

[oktana]

Binance Smart Chain! Ethereum transactions fees have eventually surpassed that of Bitcoin and I find it kind of disappointing. But this is when you are dealing with the ERC20 tokens. The high fee transaction started almost a year now! And I believe that a lot of people have lost their patience and that is why majority are now using BSC. Majority of the projects are now built on BSC instead of Ethereum and this seems like a forever replacement (maybe unless Ethereum blockchain fees will reduce drastically)

[Em00n01]

There are already many blockchain projects that are trying to compete with ETH. For example, you can see BSC( Binance Smart Chain). This chains fee is lower than ETH. Again if you check Solana and Polygon chain you will see their tx fee are lower than ETH and BSC. All chains are using same wallet address you just only need to select the network during the transaction. But the trust level of people on ETH is higher than any other chain.

[Tumanggor]

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?

there are currently many blockchain technology circulating which are much faster and cheaper than ethereum, for example EOS, solana, polkadot or avalanche but all of them cannot beat the popularity of ethereum

ethereum is similar to bitcoin, the position of the two will not be replaced by any new tokens or coins although they offer low transaction fees, speed or great security compared to ethereum or bitcoin

[carlfebz2]

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?

there are currently many blockchain technology circulating which are much faster and cheaper than ethereum, for example EOS, solana, polkadot or avalanche but all of them cannot beat the popularity of ethereum

ethereum is similar to bitcoin, the position of the two will not be replaced by any new tokens or coins although they offer low transaction fees, speed or great security compared to ethereum or bitcoin

Application and real use case is the main reason and thats why we are really seeing that it is still remaining on the top 2 spot despite on have lots of good blockchain out there which is more faster and cheaper.

It all varies with the demand in the end of the day because no matter how good or updated it is but the community would be the one to decide on which one they would be mainly supporting.

Competition is normal but it is really just hard to believe on that ETH could be replaced down easily but well nothing is guaranteed though.

[Luqman]

Why do you want to know another platform to compete with Ethereum? Actually, you don't need to ask this, just monitor the development of several platforms that potentially become the competitors of Ethereum. For example, you can take a look at Binance smart chain, Tron chain, or Polygon chain. These chains can be the strong competitors of Ethereum in the future. Just monitor them, then you can conclude how far they can be great competitors of Ethereum now.

[7788bitcoin]

Why do you want to know another platform to compete with Ethereum? Actually, you don't need to ask this, just monitor the development of several platforms that potentially become the competitors of Ethereum. For example, you can take a look at Binance smart chain, Tron chain, or Polygon chain. These chains can be the strong competitors of Ethereum in the future. Just monitor them, then you can conclude how far they can be great competitors of Ethereum now.

Polygon is not a competitor to ETH but they are just aiding the ETH network to scale. There are plenty of competitors for them especially BSC and even if ETH regains their old power, i am not sure how  many projects will be using the ETH network as there are plenty of options available right now, but the developers have plenty of options to choose from right now.

[Jasper HODL]

So far, there is no

BSC, which is closest to ETH, has insufficient decentralization backed by Bianace.

Recently, the popular SOL has just been disconnected from the Internet.

FTM, Polygon, etc. have not been able to prove that they can still maintain their current performance when facing a large enough number of users.

Although ETH has a high gas fee, it is still an unshakable application public chain.

[matchi2011]

Why do you want to know another platform to compete with Ethereum? Actually, you don't need to ask this, just monitor the development of several platforms that potentially become the competitors of Ethereum. For example, you can take a look at Binance smart chain, Tron chain, or Polygon chain. These chains can be the strong competitors of Ethereum in the future. Just monitor them, then you can conclude how far they can be great competitors of Ethereum now.

Polygon is not a competitor to ETH but they are just aiding the ETH network to scale. There are plenty of competitors for them especially BSC and even if ETH regains their old power, i am not sure how  many projects will be using the ETH network as there are plenty of options available right now, but the developers have plenty of options to choose from right now.

Developers have alernatives now, BSC is the first one while ADA and SOL are also hyping and moving forward to compete,

It depends now with the developers if they still want to continue using ERC even the fees is really huge or
switch over with other available chain to their projects.

Investors are mostly aiming for lesser fees and that's how we see it now with all those BSC users.

[btc78]

So far, there is no

BSC, which is closest to ETH, has insufficient decentralization backed by Bianace.

Recently, the popular SOL has just been disconnected from the Internet.

FTM, Polygon, etc. have not been able to prove that they can still maintain their current performance when facing a large enough number of users.

Although ETH has a high gas fee, it is still an unshakable application public chain.

Lol competing meaning at least can offer some service and product like what ethereum does , and besides It is blockchain in which being asked and there are some projects now that offers the same.

Why do you want to know another platform to compete with Ethereum? Actually, you don't need to ask this, just monitor the development of several platforms that potentially become the competitors of Ethereum. For example, you can take a look at Binance smart chain, Tron chain, or Polygon chain. These chains can be the strong competitors of Ethereum in the future. Just monitor them, then you can conclude how far they can be great competitors of Ethereum now.

Maybe because the High Gas fee of ethereum when congestion happens that's why he is seeking for option when things happen again.

[FinneysTrueVision]

There are new blockchains like Solana and Avalanche that have had incredible growth this year. Their price has gone up significantly higher than Ethereum in terms of percent. Several years ago people laughed at the idea that an ETH competitor like EOS and NEO could one day replace Ethereum but the latest generation of blockchains have proven that they could gain significant market share and so far they are looking like they will continue to have sustained growth and continue to attract users and developers.