What are the equivalents to Ethereum?
Asked 3 years ago
Hi, are there any cryptocurrencies that are considered to be competition or at least an equivalent to Ethereum?
Jeramiah Evans
Tuesday, April 26, 2022
Undeniably, Ethereum is the undefeated king of decentralized finance (DeFi) and Non-fungible tokens (NFTs). Nonetheless, the competition keeps getting tough, especially with the creation of “Ethereum Killers.” These alternatives are often referred to as third-generation blockchains, are faster, cost-effective, environmentally conscious, and have more features than Ethereum. Most of these blockchains have their native currencies used for fueling transactions in those chains. Some of the cryptocurrencies considered to be in direct competition with Ether (ETH) are Solana (SOL), Cardano (ADA), Binance Smart Chain (BNB), Polkadot (DOT), Avalanche (AVAX), Algorand (ALGO), Cosmos (ATOM), Fantom (FTM), and Tron (TRX).
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