Choice is a good thing and competition is a good thing. These Ethereum alternatives have made great strides forward this bull run, and surly there's more room to grow!
Smart Contract Competition
One of the fun aspects of being early in crypto is getting a front row seat and watching the landscape unfold before our eyes.
Smart contract platforms are king, and will be for the next decade at least, likely longer. Thankfully this bull has seen a number of solid Ethereum competitors step forward, we had nothing of the sort in 2017!
These popular ETH alternatives offer smart contract functionality with much higher throughput and significantly lower fees. ETH will take a couple more years to scale up, and come next bull run these platforms will be right there with their offerings.
Binance Smart Chain and Solana need no introduction, so lets talk Syscoin, Fantom, and Avalanche!
In this post I'll cover the Syscoin blockchain platform.
What is Syscoin Blockchain
Originally launched in late 2014 and created through a Bitcoin fork, the current version brings us to Syscoin 2.1 and has an algorithm that allows it to be merge-mined with Bitcoin.
- Syscoin utilizes hardened smart contracts which retain backward compatibility with the Bitcoin protocol.
- 300,000 Transactions per Second with near zero fee's.
- Opensource and permisionless.
- The network is maintained by a publicly traded blockchain development company.
- Combining the security of BTC & the smart contracts of ETH.
- Recent upgrades provide additional functionality enabling everything currently possible on the #ethereum network such as DeFi, Metaverse, NFTs, DAOs, and even memecoins!
$441M Market Cap, room to grow, I think so!
Ciao for now,
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