What is the best alternative to etherium?

ByBlockchainx

THE BEST ALTERNATIVE TO ETHERIUM:

Ethereum

  • Launched in 2015, the widely known synonym for the Ethereum BlockchainX is “Blockchain 2.0”
  • Smart contracts schedule transactions.
  • Their smart contracts eliminate the need for third parties.
  • It provides a platform to build smart contract applications (Known as dApps).
  • It provides a programming language, called Solidity, to create the dApps.
  • The currency Ethereum (Ether), drives transactions on the blockchain .
  • Ether is highly liquid (In the last 24 hours its trading volume has been 2.4 million dollars)
  • Ethereum transactions take seconds to complete.

The price of Ethereum ( ETH/USD ) soared to a new all- time high on Wednesday as investors scrambled to hedge against inflation. These gains mean that the price of Ethereum is up over 580% this year. This makes it outperform Bitcoin, which has risen by about 130%. Still, below the surface, there are some popular Ethereum alternatives that have done well this year. Some of them have a longer growth track than Ethereum.

Sunshine (SUN)

Solana ( SOL/USD ) is a fast growing Ethereum killer. The platform, which was hardly unknown when the year began, has become one of the largest platforms in the world. In fact, Solana’s price has risen more than 12,000% this year. This has brought the total market capitalization of SOL tokens to over $72 billion USD.

Solana has seen the growth of its ecosystem gain strength. For example, according to DeFi Llama, the platform has around 32 DeFi platforms that have a total value locked (TVL) of more than $21 billion USD. This is a spectacular turnaround considering the Solana mainnet went live in 2020.

Developers love Solana for her speed. For one thing, she can handle around 2,000 transactions per second (tps). Solana is also highly scalable and relatively cheaper to build. Apart from these, Solana is a good alternative to Ethereum because it has a long growth track. In a recent note, a survey, analysts surveyed by Solana said they expect Solana’s price to rise above $1,000 soon.

Avalanche (AVAX)

The network was built from the ground up using proof-of-stake technology. It also has thousands of validators from all over the world. All of this makes Avalanche an incredibly fast network that can handle over 4,500 transactions per second. Token Swap Platform Development It also has faster transaction finality and thousands of nodes.

Like Solana, Avalanche has had a history of rapid growth. At the same time, the number of DeFi platforms in its ecosystem has increased to 62, while the total value locked has increased to more than $10 billion USD. Therefore, there is a possibility that the price of AVAX will continue to rise.

Kadena (KDA)

The platform was developed by former JP Morgan executives. These executives were responsible for building JPM Coin, which is a cryptocurrency that the bank uses to move trillions of dollars. Kadena is a revolutionary product that has faster speeds than most Ethereum killers out there. This means that it can be easily scaled globally.

 

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