1 October 2024
Top 5 Ethereum killers to Buy in 2022
Ethereum is an open-source software platform for various blockchain applications, its native token ETH is right behind Bitcoin in terms of market cap and has been a game-changer in smart chain technology. Launched in 2015, Ethereum owns a first-mover advantage over all other altcoins and smart chain platforms as it is considered the world's leading decentralized marketplace for financial apps, services, and games. Over the years, Crypto market has evolved exponentially, and the so-called 'Ethereum killers' are rapidly gaining popularity. Here's a lit of the top 5 Ethereum killers that investors can consider buying in 2022.
1.Solana (SOL)
Solana is one of the quickest developing Cryptocurrencies. Its developers have asserted that it can process around 50,000 transactions per second, whereas Ethereum currently processes 15-45 TPS. Solana has a bursting quick block time of 400ms when contrasted with Ethereum's 10 second and Bitcoin's 10-minute breaking point. Moreover, it comes with pre-defined support for smart contracts. Solana has more than 250 beneficial projects running on-chain, and it right now stands firm on the fifth position while listing Crypto players by market cap. Additionally, it is a fourth-generation blockchain that supports Proof-of-History, like Proof-of-Stake, with time stepping to accelerate the process further.
2.Cardano
Cardano was launched in 2017, and from that time, it is broadly viewed as one of the most famous and hyped Ethereum killers. Cardano is a Smart contract and DApps-supporting blockchain that would also make provisions for running 'Smart Contracts.' This third-generation Crypto is considered more scalable than Ethereum. With the 'Alonzo' upgrade, Cardano is more programmability by allowing it to support NFTs and a wide range of smart contracts. It also has a Peer-Review system, focussed on back-testing the entire blockchain after major and minor upgrades.
3.Polkadot (DOT)
One more Crypto that is considered an Ethereum killer is Polkadot (DOT). DOT aims to solve Ethereum's scalability and cost issues, but Polkadot sparkles better in its interoperability aspects, enabling blockchains to communicate effectively. This approach makes it simpler for designers to turn on Polkadot's systems. Investors putting resources into DOT are essentially trading on the technology and not really on the currency.
4.Tezos
Tezos is a user-focused, open-source project, enabling users to weigh the project's governance. In addition to this, it also provides impressive security, modularity, and the ability to be upscaled. Keeping the future in mind, the XTZ investors can shape the project's trajectory. Numerous notable projects have been launched on Tezos, including fashion, music, gaming, and art industries.
5.Zcash
One of the popular but simultaneously lesser-appreciated Crypto is Zcash. The system was designed to be a next-generation alternative to financial transactions. One factor that makes ZEC particularly appealing is its singular focus on being the best form of digital money. Zcash is also extremely secure, ensuring that transactions remain confidential.
Also read: 6 Altcoins To Purchase In 2022
The Bottomline:
While there are several Ethereum killers, it is still a long way ahead, both in terms of market cap and global adoption. Though ETH has housed over 80% of dApps on its ecosystem, it still needs a lot of firepowers to be put down. Once the ETH 2.0 is implemented, these alleged assailants may have their work cut out for them. Until then, it will be upon these Crypto players to find a way to work around ETH's Achilles Heel.