Is there a new blockchain that will compete with Ethereum?

[vermigerous]

For me it's not about competing, but some several investors and traders find it as competing for ethereum platform since many diverts their platforms into BSC chain rather than ethereum blockchain, maybe because of the transaction fees is more lighter than ethereum network. And besides, many projects now tend to use BSC Blockchain as their new innovative platform.

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[dupee419]

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.

Competition between coins that already have their own Blockchain is definitely there, because every coin that has launched its own Blockchain is definitely very ready in terms of competing with others so that those who have more advantages will always be above it.

Solana and these other blockchain platforms are actually good, also, new coins that are being released ought to have their own platform, improving features and everything that Ethereum offers, honestly, these mentioned blockchain platforms are not the only ones ready to compete against ETH's blockchain, but the reason why ETH's blockchain remains to be on top is because of how many users ETH has compared to other platforms.

[cafee_orange]

For now what really looks and continues to compete with ethereum is Binance!!.
because ethereum continues to be developed by its developers so ethereum is not easily rivaled by any blockchain including BNB or Binance.

Then if Binance is difficult to compete with, why do you say in the first sentence that Binance can really compete with Ethereum? I'm even surprised to understand what you're saying because in general Binance has not been able to surpass Ethereum at this point.

Do you believe Binance will be able to compete with ethereum ?
Until now the platform that is widely used is ethereum or Binance? ethereum developers don't stop in developing the erc20 platform so it's not easy to compete with ethereum.

[bhadz]

There would always be the idea that there's another blockchain that will be the next Ethereum chain because it's going to be cheap and easy.
But once it gets a lot of attention and there will be a lot of users are into it, that chain will also experience lag, high fee and slow transaction.
It is what of the next generation chains have to solve.

[Jaered]

There are at least 3 blockchains I can name, top of my head, that can compete toe to toe with Ethereum. The first is Solana. With a faster transaction speed and lower fees, its a no-no-brainer why its top there. The next is BSC. It has a slightly more costly transaction fee but more validators. Next is Polkadot. This is quite a competitive lots. There are others on their way too, but these 3 are my top

[Renampun]

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?

you can see that there are currently many blockchains which are much faster and cheaper than ethereum...

Polkadot, eos and avalanche are much better than ethereum but they can't replace ethereum because the ethereum ecosystem is already very large and investors don't mind the expensive gas fee eth because they don't really care about that what they care about is the potential and the ecosystem.

[Bollexz1]

We already got one wanting to overthrow the Ethereum reign but could only try as Ethereum blockchain as proven to be outstanding with its numerous update in the system and for this reason surpass Smart Chain and few others.

[PhucS]

As for the problem of too high transaction fees, Ethereum 2.0 is under development, which is the process of upgrading the Ethereum network to overcome the old disadvantages such as low performance, high transaction costs. However, there are currently a few networks that are considered to be able to compete with ETH like BSC or Polygon, they have great potential in the future, there are quite a few new projects developed on these two networks.

[bhadz]

There would always be the idea that there's another blockchain that will be the next Ethereum chain because it's going to be cheap and easy.
But once it gets a lot of attention and there will be a lot of users are into it, that chain will also experience lag, high fee and slow transaction.
It is what of the next generation chains have to solve.

yes, that's very true. I think the offer you made in your statement is very good, because everyone goes through that sort of thing these days. the development of an innovation from a blockchain not only makes it easier for users but makes users disappointed with what they experience, as is the case with ethereum users today. hopefully in the future there will be more blockchain chains that can provide relief for holders.

There's already use case of blockchain in different companies and they're not related to cryptocurrencies. But, they enjoy using it and it's a solution that they've found into their company's system upgrade. But if we're going to relate it to cryptocurrencies, the same tech will be offer again and again until they've experienced so much demand and they have to upgrade a little by little which is the usual process of startup projects.

[Dewiana]

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?

Until now there has been no sign of a blockchain that can match ETH, xrp, bsc and there are advantages, although not perfect. Future don't know
which does not continue to work and go to gas related websites and websites

[hannahB4]

I know of Binance and it really helped especially in my country when trading of Bitcoin was curtailed but I think I will still go for Ethereum because so far with the competition over the years this blockchain still stands.

[Abiky]

As for the problem of too high transaction fees, Ethereum 2.0 is under development, which is the process of upgrading the Ethereum network to overcome the old disadvantages such as low performance, high transaction costs. However, there are currently a few networks that are considered to be able to compete with ETH like BSC or Polygon, they have great potential in the future, there are quite a few new projects developed on these two networks.

I don't think any other platform will be able to compete with Ethereum in the future. That's because none can outmatch ETH's level of decentralization and censorship-resistance. BSC and Polkadot may be good smart contract platforms, but they're much more vulnerable to attacks and network disruptions than ETH itself. Decentralization is what really makes crypto stronger. I think ETH 2.0 will solidify ETH's position on the market, becoming a force to reckon with. Other platforms will simply remain as an alternative than a replacement because of the reasons mentioned before. At least, the competition is healthy. As long as each project contributes towards the development of Blockchain technology, nothing else matters. Just my thoughts

[GbitG]

I think that if several companies have practiced using blockchain in various companies then it is likely that it will continue to use cryptocurrency in those companies. both in paying employees with crypto and being able to make transactions using cryptocurrencies. I think everyone will be very happy with the convenience offered by Blockchain in the development of today's technology.

Let's think logically and wisely now, because the implementation of blockchain and cryptocurrency in all companies will actually also have a good impact on cryptocurrencies, but to shift fiat to all environments or areas of each company, I think it will be very difficult to do in a short period of time, because this requires a special and in-depth analysis so that it does not conflict with regulations in each country.

Even blockchain is future because now just because of this we have too many better things in common people's life, and it's bringing revolution is many industries but still its need some good time for implementing things which bring some more changes but people's feeling this all can happen in very little time which is not possible. Because it's really time seeking thing and many corrupt countries have too many disadvantages with this, but I am hopeful we will have some good and positive change through this even its take some long time. Blockchain is for better and fair use case and transparency.
Ethereum is really innovative use case so for his replacement few platforms already in market but still not going near this as it's going to be leader for many decades.

[Jaered]

What a question! Of course there are blockchains successfully taking on Ethereum and even capable of overthrowing it. Look at Solana, for example. With better transaction per second and much cheaper gas fees and of course more scalability, I don't see a reason why it shouldn't overtake Ethereum. Then BSC .
I like Ethereum but it better step up its game cos there are newer kids in the block

[lixer]

As for the problem of too high transaction fees, Ethereum 2.0 is under development, which is the process of upgrading the Ethereum network to overcome the old disadvantages such as low performance, high transaction costs. However, there are currently a few networks that are considered to be able to compete with ETH like BSC or Polygon, they have great potential in the future, there are quite a few new projects developed on these two networks.

Ethereum's fees are serious problem but still they are leaders in blockchain platform, and they will keep here for long time because no other platform is going to do anything like this even we have few competitors, but they are not working like Ethereum they are much vulnerable to attacks and disruptions.

Ethereum2.0 is in development, so hopefully after this we will have some better feature and affordable transactions fees. Alternative will be in market for better competition, but still it's not going to have any impact on Ethereum. BSC is also in good development and have good impact on gaming blockchain gaming industry.

[Wahyuihib]

As for the problem of too high transaction fees, Ethereum 2.0 is under development, which is the process of upgrading the Ethereum network to overcome the old disadvantages such as low performance, high transaction costs. However, there are currently a few networks that are considered to be able to compete with ETH like BSC or Polygon, they have great potential in the future, there are quite a few new projects developed on these two networks.

Ethereum's fees are serious problem but still they are leaders in blockchain platform, and they will keep here for long time because no other platform is going to do anything like this even we have few competitors, but they are not working like Ethereum they are much vulnerable to attacks and disruptions.

Ethereum2.0 is in development, so hopefully after this we will have some better feature and affordable transactions fees. Alternative will be in market for better competition, but still it's not going to have any impact on Ethereum. BSC is also in good development and have good impact on gaming blockchain gaming industry.

We are all waiting for Ethereum2.0 to have an effect on the current problem, namely the high cost of transactions. because some crypto lovers must have an ether wallet. so that indicates if ethereum is still main option.

[lexkiee28]

There are plenty of new blockchain that is now competing with ethereum blockchain and many crypto enthusiasts and developers are using it right now such as binance smart chain (BSC), polygon network(matic) and solana network(sol). Also, there is a news that even cardano is now making its own blockchain.

[0verseer]

There are many new blockchain with smart contract feature to be a competitor to Ethereum like BSC, TRX, Wave,... Though not many of them stood up the lever of Ethereum because of one thing: Lack of strong users base. But this is just for now, who knows what will happened in the future since this is crypto after all. Market and demand, trends keep changing.

[ivankoh]

I don't think any other platform will be able to compete with Ethereum in the future. That's because none can outmatch ETH's level of decentralization and censorship-resistance. BSC and Polkadot may be good smart contract platforms, but they're much more vulnerable to attacks and network disruptions than ETH itself. Decentralization is what really makes crypto stronger.

The reality is that BSCs trade off between performance, transaction speed, including cheaper fees, but they cannot offset the more serious security issues that could arise.  BSC will probably focus more on adoption, Dot still has a long way to go and any of them can grow but I think the future will change.  Sol and BNB are pretty good for this competition.  Binance's $1 billion is probably the bigger impetus for growing the BnB ecosystem to be micro and seamless.  ETH's TVL is still number 1 and leading for defi, the gap is still huge compared to the rest.

[Ever-young]

Their are already a lot of blockchain which are not just competing with Eth, but are almost taking charge and control. Since the increase in gas fee,  most projects has repeatedly migrated into the binancesmartchain network. And alot of new projects now choose the bsc over ETH,
Is that not enough to see it as a competitor?
For me bsc has already taken control, because it records the highest transaction records on daily basis, and execute transactions faster as well with lesser fee.