Is there a new blockchain that will compete with Ethereum?

[Sir Legend]

I think ethereum will be hard to compete in the next few years. Ethereum being the most popular platform, convenience, speed and low cost are of course a consideration for developers to use ethereum, based on marketcap statistics, ethereum and ethereum-based tokens have reached more than 70% marketcap, bitcoin is only 15% and the rest are other coins.

[deathcode]

I think ethereum will be hard to compete in the next few years. Ethereum being the most popular platform, convenience, speed and low cost are of course a consideration for developers to use ethereum, based on marketcap statistics, ethereum and ethereum-based tokens have reached more than 70% marketcap, bitcoin is only 15% and the rest are other coins.

many blockchains were also born from the development of ethereum. it makes ethereum still the strongest. despite the current problems. it does not rule out the possibility that ethereum can still be an attraction for the adoption of new projects.

[superman184]

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?

Although people haven't come across the kind of robust technology that runs on blockchain fusion, which I think also goes beyond the Ethereum and Binance smart chains put together, this project has been around for about 4 years or so, and recently, they launched a new defi project known as as Chainge finance, this project is amazing and everything is backed by fusion, it's only a matter of time before people discover this amazing project and skyrocket.

[Bohdan820]

Polkadot looks like a blockchain that can compete with ether. Gavin Wood has been working with Ether for a long time so the polka can be considered his version of Ether 2.0.

[Masyudhi]

Polkadot looks like a blockchain that can compete with ether. Gavin Wood has been working with Ether for a long time so the polka can be considered his version of Ether 2.0.

After BSC, I think Polkadot is indeed a worthy project to compete with ETH. not to mention there are polygons and Solona that are getting a lot of adoption.
maybe another one that is not as popular as RSK. it's been a long time, but its development is not getting mass adoption like ethereum and BSC.

[Luqman]

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

Yes, many options can be chosen by developers right now, it is the advantage of many competitors of the ETH network. We don't rely on ETH network only today, we can choose some networks or chains to be used. You must be aware that most new projects are using BSC network right now, some of them use a polygon network. I think it is a new step for an era of multi networks in crypto. 

[Abiky]

Polkadot looks like a blockchain that can compete with ether. Gavin Wood has been working with Ether for a long time so the polka can be considered his version of Ether 2.0.

Maybe. But with so many competitors failing to take down Ethereum, I wouldn't count on Polkadot challenging ETH anytime soon. It's not about which blockchain has better features or user experience, but rather which blockchain remains decentralized and censorship-resistant.

No other competitor can outmatch Ethereum in terms of decentralization, reliability, and censorship-resistance. You can see why a new blockchain project like Solana faced a network disruption, putting almost everything down to a halt. If it were as decentralized as Ethereum is, it would've resisted such an attack. Low fees and fast transaction speeds are nothing if the blockchain is missing decentralization. As long as there are no competitors that are decentralized, Ethereum's position as the leading smart contract platform in the market will remain untouched. Just my thoughts

[noah tall]

We may expect a new blockchain that can't compete with Ethereum but can follow Ethereum's path towards success. There are some new networks launching with very low fees. Like, Terra,  Polygon, and Cardano. We may see good projects on these networks soon.

[romero121]

The ethereum network is getting stronger with time through different updates and upgrades. More and more projects are into development, but everything keep the base as ethereum. In terms of competence we can see more projects on the line-up. Even the ethereum blockchain is underrated during the early days. The progress started slowly. Maybe similar to this we can see potential blockchains, all that required is the time period. Based on the necessity is the development, so the future is the only answer.

[devil2man]

there are many blockchains similar to that of eth, the one most similar and with relatively low fees is bsc the only real drawback is that it is not decentralized, the one with the lowest fees ever is matic

[SarangWallet]

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 still support ethereum itself, BSC, solana, matic, all good, in the crypto world it is not good to promote one and destroy the other, you won't win anything like that and you will crash and burn together and soar together. That's why I prefer a situation where everything goes up together, then all the coins I listed are great, I'd like to see them increase like crazy if possible.

[Mkmanik]

there are many blockchains similar to that of eth, the one most similar and with relatively low fees is bsc the only real drawback is that it is not decentralized, the one with the lowest fees ever is matic

Yes, there is a lot of new blockchains available. Matic and BSC are the most useable right now because of low transaction fees and very fast transaction speed. But I don't believe they can able to bet Etehreum blockchain. Ethreum is still the 2nd cryptocurrency and I believe it will stay here in the future also.

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.

Solana is also doing well right now, People also talking that it will bet Ehterem soon. I don't believe it, A new coin like Solana cant kill Ethereum's position.

[SyndicateLabs]

A few platforms that I think will compete directly with ETH in all areas of the market like
SOL
BSC
ICP
AVA...
Basically, some platforms are layer2 solutions now that are solving the very good speed and fee problem that ETH is having.
But perhaps ETH 2.0 will soon fix all the problems the ecosystem is having.

[FinneysTrueVision]

There is no individual Ethereum app or use case which I feel I can't do without. The alternatives on other chains are just as good. Maybe they are not as established so people will trust Ethereum apps more based on their reputation. As time goes on I believe we could see people migrating towards the cheapest fee options and that Ethereum's dominance will be greatly reduced.

[southerngentuk]

New platforms are showing strong competition with ETH, there are many new platforms appearing and solving the limitations of ETH.
But we have to acknowledge the fact that the ecosystem that ETH created is already too big for a new product to replace it. And we are also seeing new updates on ETH, showing that replacement is completely impossible.

[mulia sabee]

Today i just interacting with ICX blockchain and doing some trade on Balanced pltform and do some stuff on OMM platform.
My experience using the blockchain was smooth, fast, and cheap. It could be one of the candidate for the competition but im not understand enough about the ICX blockchain to be comparing it more.

[zaim7413]

Today i just interacting with ICX blockchain and doing some trade on Balanced pltform and do some stuff on OMM platform.
My experience using the blockchain was smooth, fast, and cheap. It could be one of the candidate for the competition but im not understand enough about the ICX blockchain to be comparing it more.

What things do you get when you use the ICX blockchain and OMM platform? because I've heard but never used it so I feel a little curious about what you say even though you mention things that are good for both.

[gwdf1]

There is no individual Ethereum app or use case which I feel I can't do without. The alternatives on other chains are just as good. Maybe they are not as established so people will trust Ethereum apps more based on their reputation. As time goes on I believe we could see people migrating towards the cheapest fee options and that Ethereum's dominance will be greatly reduced.

Actually, people trust Ethereum more as we all know that it has a high level of decentralisation and it is really old with a huge ecosystem, so people continue using it. But Ethereum lose users because of its problems with scalability, this way different alternative chains (Polygon and Binance Smart Chain) have bigger daily volume now than Ethereum.

[Abiky]

There is no individual Ethereum app or use case which I feel I can't do without. The alternatives on other chains are just as good. Maybe they are not as established so people will trust Ethereum apps more based on their reputation. As time goes on I believe we could see people migrating towards the cheapest fee options and that Ethereum's dominance will be greatly reduced.

Of course. Every popular dApp is on Ethereum these days. Not TRON, Polkadot, or any other smart contract platform. The reason why ETH has the most dApps is because it's the most decentralized and censorship-resistance smart contract platform in the world. Devs and everyday people prefer ETH's security and reliability even with the high fees and slow confirmation times.

There have been so many platforms claiming to be the next "Ethereum Killer", but they've failed in the long term. Consider how EOS lost its luster a couple of months since its inception, as people moved on to the next big thing in crypto. The same might happen with top smart contract platforms like Binance Chain and Solana. Until other platforms improve their security, Ethereum will remain as the leading smart contract platform for a long, long time. Just my thoughts

[nikola22]

Actually, people trust Ethereum more as we all know that it has a high level of decentralisation and it is really old with a huge ecosystem, so people continue using it. But Ethereum lose users because of its problems with scalability, this way different alternative chains (Polygon and Binance Smart Chain) have bigger daily volume now than Ethereum.

don't forget about Solana with high capacity blockchain which develops its ecosystem with good pace. also there are such rivals as Avalanche, Cosmos and Tezos.