Who is Ethereum's biggest competitor?

[Faisal2202]

Large gap price between BNB and Solana raise the Ethereum price above $3,100 and I think difficult for both top coins BNB and Solana has chance to be great competitor or replacing Ethereum coin in the future.
About fees have been longer time Ethereum has higher fees than other network exactly with BNB or solana coins network, but its not huge problem with many kinds of Ethereum coins network worth it than BNB or solana most of their coins easily become scam has lower fees transaction.
Now ethereum gas fees dropped awhile until 2 gwei or spending under $1 enough for making transaction between sending or approval the erc20 coins for swapping at Uniswap exchange.

You've made a valid observation about scams been happening on Sol and BNB due to lesser fees. This shows that the high fee of the TX within the ecosystem is a good thing sometimes. I have been joining many BNB and Sol-based platforms in order to get airdrops and believe me. My experience was not as good as it was with ETH-based projects. I had this prediction all the time that if I am spending $10 to $15 for claiming them then I will be making more profit at least.

And speaking of high fees and still having this coin does not make sense, because if you want to buy ETH you can buy it by spending as much fee as you will be spending on any other coin if you are using a centralized exchange like Binance.

BNB and Sol are not the biggest competitors of ETH I think.

[PX-Z]

You've made a valid observation about scams been happening on Sol and BNB due to lesser fees. This shows that the high fee of the TX within the ecosystem is a good thing sometimes.

It doesn't work that way, scammers will do anything regardless the coins has better fees or not as long as there's a way for them to lure people, this is more effective on new projects where people and new users invest their time and money on the project.

What's wrong on BNB and why majority don't use their blockchain instead is because its kinda centralized than ethereum. ETH is just has shitty tx fees structure even after adapting PoS, but they have large community contributions than other coins behind it like BNB and SOL.

[bitterguy28]

It doesn't work that way, scammers will do anything regardless the coins has better fees or not as long as there's a way for them to lure people, this is more effective on new projects where people and new users invest their time and money on the project.

the reason why there are more likely to ne scammers in new projects or coins and tokens with low transaction fees is because not all scammers are rich yet and use expensive tools a lot of scammers are just amateurs trying out first their scamming ways not so sophisticated just yet and so they tend to choose projects that are easily hacked and or manipulated

without a strong security and protection, any kind of scammer will be able to penetrate through their defense

[Faisal2202]

It doesn't work that way, scammers will do anything regardless the coins has better fees or not as long as there's a way for them to lure people, this is more effective on new projects where people and new users invest their time and money on the project.

Scammers will surely do anything to lure investors and normies and yeah this mostly happens in new projects because they bring their ICOs and private sales etc. Most of these projects try the method of airdrop to get some popularity among investors and once new investors hear about these projects they invest and end up a victim of rug pull etc. I agree with the fact that scammers will choose any network but ETH' rate for such rug pull and useless projects is lower.

What's wrong on BNB and why majority don't use their blockchain instead is because its kinda centralized than ethereum. ETH is just has shitty tx fees structure even after adapting PoS, but they have large community contributions than other coins behind it like BNB and SOL.

You are right, Ethereum really has a larger community and contributors than Sol and BNB. I did not know that there is a level of centralization among these alts i.e. ETH, BNB, and SOL. In my sight, if an alt is centralized it's centralized regardless of any level.

[doc]

It doesn't work that way, scammers will do anything regardless the coins has better fees or not as long as there's a way for them to lure people, this is more effective on new projects where people and new users invest their time and money on the project.

the reason why there are more likely to ne scammers in new projects or coins and tokens with low transaction fees is because not all scammers are rich yet and use expensive tools a lot of scammers are just amateurs trying out first their scamming ways not so sophisticated just yet and so they tend to choose projects that are easily hacked and or manipulated

without a strong security and protection, any kind of scammer will be able to penetrate through their defense

Fraudsters always try at low costs, as you said, if they become skilled fraudsters they will try at higher costs because they want to get bigger profits. We as investors must be careful with this, because there are many fraudsters in new projects.

[PX-Z]

the reason why there are more likely to ne scammers in new projects or coins and tokens with low transaction fees is because not all scammers are rich yet and use expensive tools a lot of scammers are just amateurs trying out first their scamming ways not so sophisticated just yet and so they tend to choose projects that are easily hacked and or manipulated

Don't underestimate scammers most of them do it for a living. Regardless the fees of coins, they will still do things especially if the projects attract many users, many users means higher chance they can get a victim. 

If this true about scammers in low tx fee coins, then how can you explain those scammed users from those tokens on erc20 knowing it's fees just get doubled and double each time congestion occurs .

without a strong security and protection, any kind of scammer will be able to penetrate through their defense

That sounds like hackers than scammers.

[dekafee79]

the reason why there are more likely to ne scammers in new projects or coins and tokens with low transaction fees is because not all scammers are rich yet and use expensive tools a lot of scammers are just amateurs trying out first their scamming ways not so sophisticated just yet and so they tend to choose projects that are easily hacked and or manipulated

Don't underestimate scammers most of them do it for a living. Regardless the fees of coins, they will still do things especially if the projects attract many users, many users means higher chance they can get a victim. 

If this true about scammers in low tx fee coins, then how can you explain those scammed users from those tokens on erc20 knowing it's fees just get doubled and double each time congestion occurs .

without a strong security and protection, any kind of scammer will be able to penetrate through their defense

That sounds like hackers than scammers.

Scammers will always look for opportunities to cheat even at high costs. And we know scammers will be everywhere, whether it's a high-cost or low-cost network. You're right, there are also many scammers in ERC20 even though we know the gas fee is high there. So costs are not a problem, but in cheap networks we will see more scammers because new scammers will appear, both those who are just learning and those who are already professionals as scammers.

[doc]

the reason why there are more likely to ne scammers in new projects or coins and tokens with low transaction fees is because not all scammers are rich yet and use expensive tools a lot of scammers are just amateurs trying out first their scamming ways not so sophisticated just yet and so they tend to choose projects that are easily hacked and or manipulated

Don't underestimate scammers most of them do it for a living. Regardless the fees of coins, they will still do things especially if the projects attract many users, many users means higher chance they can get a victim. 

If this true about scammers in low tx fee coins, then how can you explain those scammed users from those tokens on erc20 knowing it's fees just get doubled and double each time congestion occurs .

without a strong security and protection, any kind of scammer will be able to penetrate through their defense

That sounds like hackers than scammers.

Scammers will always look for opportunities to cheat even at high costs. And we know scammers will be everywhere, whether it's a high-cost or low-cost network. You're right, there are also many scammers in ERC20 even though we know the gas fee is high there. So costs are not a problem, but in cheap networks we will see more scammers because new scammers will appear, both those who are just learning and those who are already professionals as scammers.

honestly I see on the BSC network it is easier to create tokens to cheat, this is what fraudsters use to cheat newbies. This is true, because newbies who lack experience and knowledge are easier to cheat. As an investor who is also still learning from me even though it is more than 8 years, seeing tricks from fraudsters is increasing, so be careful.

[PX-Z]

Scammers will always look for opportunities to cheat even at high costs. And we know scammers will be everywhere, whether it's a high-cost or low-cost network. You're right, there are also many scammers in ERC20 even though we know the gas fee is high there. So costs are not a problem, but in cheap networks we will see more scammers because new scammers will appear, both those who are just learning and those who are already professionals as scammers.

honestly I see on the BSC network it is easier to create tokens to cheat, this is what fraudsters use to cheat newbies. This is true, because newbies who lack experience and knowledge are easier to cheat. As an investor who is also still learning from me even though it is more than 8 years, seeing tricks from fraudsters is increasing, so be careful.

Exactly, scammers can be seen on any platform, to be precise, but you will observe them more on these new platforms where most created their projects on the blockchain with possibly lower fees where cheaper and faster fund transfer is always the advantage for its users as well as scammers who will take the advantage of it.

[dekafee79]

Exactly, scammers can be seen on any platform, to be precise, but you will observe them more on these new platforms where most created their projects on the blockchain with possibly lower fees where cheaper and faster fund transfer is always the advantage for its users as well as scammers who will take the advantage of it.

yes, almost all platforms have scammers, especially if we see a platform that has low fees, scammers can make a lot of fraud there. As I always said before, we should be careful in choosing a project or making any transaction. because this is related to our funds.

[Fivestar4everMVP]

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

Well, I would say that majorly every Altcoin project that has built or is building their own blockchain (EVM or NON-EVM compatible) is an ethereum competitor, and speaking of the biggest competitor of this blockchain network, there is actually no permanent major competitor, any project can become a major ethereum competitor depending on, or considering some factors.

And based on my own factors, I would say that the major competitor of ethereum at this very moment is Ton blockchain, even though Ton is still very far behind ethereum in terms of marketcap, Ton network seems to be the only blockchain growing at a very fast speed at this very moment.

[doc]

Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

Well, I would say that majorly every Altcoin project that has built or is building their own blockchain (EVM or NON-EVM compatible) is an ethereum competitor, and speaking of the biggest competitor of this blockchain network, there is actually no permanent major competitor, any project can become a major ethereum competitor depending on, or considering some factors.

And based on my own factors, I would say that the major competitor of ethereum at this very moment is Ton blockchain, even though Ton is still very far behind ethereum in terms of marketcap, Ton network seems to be the only blockchain growing at a very fast speed at this very moment.

Yes, it seems like TON is showing good progress this year, TON can be a competitor to ethereum if we talk about platforms that build their own blockchain (EVM or NON-EVM compatible) as you said. but there are other platforms that are currently popular and close to ethereum such as BNB and Solana.

[de_prof]

Yes, it seems like TON is showing good progress this year, TON can be a competitor to ethereum if we talk about platforms that build their own blockchain (EVM or NON-EVM compatible) as you said. but there are other platforms that are currently popular and close to ethereum such as BNB and Solana.

TON coins are very good for investment, I also have several TONs in my wallet and I plan to hold them until the end of this year if the bullish season occurs. I also see the development and population of TON getting better and many investors buying and investing in this coin.

[Manna]

Yes, it seems like TON is showing good progress this year, TON can be a competitor to ethereum if we talk about platforms that build their own blockchain (EVM or NON-EVM compatible) as you said. but there are other platforms that are currently popular and close to ethereum such as BNB and Solana.

TON coins are very good for investment, I also have several TONs in my wallet and I plan to hold them until the end of this year if the bullish season occurs. I also see the development and population of TON getting better and many investors buying and investing in this coin.

Your interest in TON Coin and your investment plan sounds great.  TON's development and community growth could prove to be a powerful project indeed.  If you are expecting a bullish season at the end of the year, this may be a good time to hold the investment.  It is always a good practice to re-evaluate your decisions based on market conditions and future plans for the project.

[de_prof]

Yes, it seems like TON is showing good progress this year, TON can be a competitor to ethereum if we talk about platforms that build their own blockchain (EVM or NON-EVM compatible) as you said. but there are other platforms that are currently popular and close to ethereum such as BNB and Solana.

TON coins are very good for investment, I also have several TONs in my wallet and I plan to hold them until the end of this year if the bullish season occurs. I also see the development and population of TON getting better and many investors buying and investing in this coin.

Your interest in TON Coin and your investment plan sounds great.  TON's development and community growth could prove to be a powerful project indeed.  If you are expecting a bullish season at the end of the year, this may be a good time to hold the investment.  It is always a good practice to re-evaluate your decisions based on market conditions and future plans for the project.

As I said before I only have a TON because my investments are mostly in bitcoin, ethereum and BNB. Maybe if the market experiences another correction I plan to buy TON to prepare for the bullish season next year. I will collect the profits from my trading results to buy TON. Because I see the development of this coin is quite good, it looks like it will have a bright future.