alternatives to ethereum | BTCC Knowledge

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What is Ethereum and how does it work?

Ethereum became the first blockchain network that supported more than digital crypto assets, it allows creation and development of smart contracts, decentralized applications (DApps), Decentralized Finance (DeFi) tokens and Non Fungible Tokens (NFTs).

What are the best Ethereum alternatives?

Algorand aims to offer faster and cheaper transactions than its competitors and is therefore also one of the best Ethereum alternatives. To do this, they use “Pure Proof-of-Stake.” Stake-holders are chosen randomly and secretly, depending on the size of their stake.

Can Ethereum be flipped by ETH killers?

Minting an NFT costs close to 300 USD in fee. This is one of the reasons, investors are looking for other alternatives, in other words, ETH Killers, that they think may replace ETH one day. We do not believe that Ethereum can be flipped by any ETH killers.

Is Ethereum in a race to maintain its dominance?

Still, that could change in the future, experts like Nikolaos Panigirtzoglou recently believe. “In other words, Ethereum is currently in a fierce race to maintain its dominance in blockchain applications. The outcome of this race is far from certain, or so we believe,” Nikolaos Panigirtzoglou, an analyst at JPMorgan Chase & Co. told Bloomberg.

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