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Eth potential killers
Jake Billingham

Eth potential killers

1. Avalanche (AVAX)

Avax can boast the fastest time to finality among all smart contract platforms. We have to keep in mind that Ethereum will struggle with network cost and speed until a network upgrade occurs in 2022. Thus, this layer one blockchain has the opportunity to continue to grow rapidly in that time. The biggest advantage of AVAX which other smart contract platforms do not possess is cross compatibility with Ethereum. Users can deploy Ethereum contracts on Avalanche without any changes to the code, allowing for easy legacy Ethereum user and builder adoption. This allows easy portability from Ethereum and breaks some of the incumbent power it has on the market. Moreover, AVAX is more flexible than other layer one blockchains. Clients can create their own custom blockchains that run on the AVAX network. Each chain can have its own token and fee structure. They may choose to pay their stakers in AVAX, their own token, or something else. Anyone can create their own blockchain on the network by paying a subscription style fee. AVAX dev team has a strong background working at some of the most innovative and popular institutions in the world.

2. Tezos (XTZ)

Tezos is a smart contract-capable blockchain that may be used to generate new digital assets and decentralised applications, or dapps. Tezos’ native cryptocurrency is XTZ. Currently, this currency has a market capitalization of €2.6 billion. From a safety perspective, Tezos' smart contract language "Michelson" enables a formal verification to be achieved, this implies accuracy of the code and its security to ensure it does what is says it should. Green blockchain means small transaction fees. Tezos users are delighted with collecting NFTs without having to pay excessive gas fees. Tezos has seen a number of notable projects emerge, including those in the fashion, music, gaming, and art industries. Tezos was one of the first networks to use a consensus technique known as proof of stake (PoS). It also has its own set of governance features: Participants who stake at least 8,000 tokens on the network are granted voting rights, allowing them to participate in the network’s governance.

3. Solana (SOL)

Solana is a decentralized blockchain that has gained the reputation of low latency and high performing platform which makes it ideal for creating smart contracts and minting NFTs. Contrary to Ethereum, Solana smart contracts are stateless, and the platform’s fast transactions and tiny fees have made it a favorable choice for NFT artists and traders. We know that Solana uses a combination of Proof-Of-Stake along with the Proof-Of-History approach. The third party accounts can access a newly deployed smart contract and store information on their accounts. The storage space for smart contracts of NFTs is paid by using the SOL token. A huge advantage is that it is not stored internally, thus Solana delivers fast and low-cost transactions of NFTs across the world. 

Jake Billingham

Jake Billingham

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