Are these Blockchains real competitors for Ethereum?

An excerpt, the big question being asked is that Ethereum is being used by another network.

These fragments are often combined with fragments from the most diverse Layer-1 network works and an analysis of the reforms that Ethereum has delivered in the Krypto-World.

Taking the final step, a Layer-1 Blockchain is the basic legend layer, which is provided for the consensus and processing of transactions and smart contracts. About the understanding of their understanding, their own art from the network works in two main groups (with the addition of layer-2 solutions):

• Networks (networks, which are more extensive with the technology based on or using Ethereum-compatible applications) with similar functions. We can view this as an EVM-compatible network: Solana, Binance Smart Chain, Polygon, Tron, Toncoin, Cardano, Avalanche, NEAR.

Hinweis: Manchmal sind diese Netzwerke von Nature incompatible, if no major problems arise, it is a compatible machine (with a Sidechain or a Form of Virtualization). Zur Vollständigkeit since sidoch ebenfalls enthalten.

• New networks (networks, which use large amounts of new technologies, are incompatible with Ethereum technology and are not compatible with their operation). We can use them as EVM equivalent network companies: Sui, Aptos, Sei, Kaspa, Stellar, Filecoin, Hedera.

The Blockchain landscape has been dominating Ethereum for years, the very robust Smart Contract function is available and is still being expanded. If the network works, there are more problems with scalability and nuisance problems than other problems with security, costs and low costs, if Layer-1 Blockchains are shifted, which have the title “Ethereum-Killer”. Networks with Solana, Avalanche and Cardano are all uninterested in developing an Ethereum device, but the Giants can’t be allowed to take the throne. If an EVM-equivalent network works, the Sui Network is a new competitor with schnellem Wachstum, the diediem project of Meta-hervorgedingen is en der im Rennen an overwinding of the Limits of Ethereum that makes the Wendepunkt possible.

The installation of Layer-1-Konkurrenten

Who has looked at other EVM compatible networks, next level Ethereum?

• Solana: Solana is intended for the use of high quality and the use of a unique consensus mechanism called Proof of History (PoH) in combination with Proof of Stake (PoS). Dadurch kan Solana Tausende von Transaktionen pro Sekunde (TPS) verarbeit, was the zeitgeist of Ethereum weit übertrifft. Solana had problems with the stability of the network and with the central operation, but it was a long life in the Frage zu set.

• Avalanche: With its Avalanche consensus protocol, Avalanche provides a very flexible platform that can be managed and used with transactions in part of the technology. Avalanche’s singular architecture has enabled the interoperability of multiple chains and power through strong competitors. But who is Solana with the decentralization and the overload of the network in the large mass of camping?
• Cardano: Cardano follows a methodical, preliminary analysis and set up with our Ouroboros PoS consensus protocol on Security and Scalierbarkeit. The Entwicklung of Cardano is slowly falling in love, with some criticism of the Fehlen dittraler Anwendungen (dApps) and the many uses in the Praxis as essential nocturnal attention.

EVM equivalent networking products are offered by others. If it is no longer for the Herausforderung, the Nutzer for more functions of the winning, as the Entwickler davon of the overseas, these anwendungen auf potenziell Bessere Weise zu entwickeln. Beispiel:

• Sui network: Soulmate, Entwicklern und Anwendern gleichermaßen een sicherere, schnellere und benutzerfreundlichere Umgebung für die Nutzung, Verbindung und Entwicklung van Anwendungen zu bieten. This certainty through a fully-fledged new agreement and the execution of transactions and Smart Contracts ensures that a new Smart-Contract-Sprache called Move.

Das Layer-2-Rätsel: Skalierung von Ethereum

Ethereum may have a problem solving Layer-2 (L2) issues with optimism, arbitrage, and zk rollups. These L2 interested souls will transact on the Ethereum Mainnet, which will increase the duration of the transaction and get things done. L2 Lösungen can prevent them from moving towards their compromise a few times:

• Complexity: The Benutzer müssen with more interacting layers, was the Benutzererlebnis complizieren and a fragmentation of the inner half of the Ökosystems führen kann.
• Security Thinking: If L2 solutions for Security are used on the Ethereum Basic Schicht, the Schwachstellen can be there and buy new Angriffsvectors.
• Some interoperability: L2 solutions are often for reorganization, no interoperability with other Blockchains and L1 solutions are required.

L2s can be one of the best losses, but the problem with Ethereum can no longer produce full-fledged losses. A couple can use a new EVM equivalent network with its own network as alternative solutions. The Ethereum protocol has not been fruitful for so long and the Entwickler can continue this hurdle on the road of mass explosion in the market of the current time, while other network companies make new discoveries and discover a large mass. For more information about Digital Power, please report to us for our Newsletter. There is no financial analysis, but some of the authors of the articles. Obtaining this information allows you to use active market research and technological developments to inform and clarify. Having this information available will help you leverage your company’s best products or projects. The Auswahl of the article is no longer available as financing or research for a best product and/or a best digital analysis. Analyzes of market research, network and/or On-Chain research may be carried out. The Wertentwicklung in the Verleidingenheit is not Hinweis on a nice view.

Author: Menno Martens, crypto specialist and product manager at VanEck