What are "Ethereum Killers" Blockchain Projects?
Ethereum may have been the first smart contracting project in the crypto scene. Still, it is an open secret that the platform is struggling with scalability challenges.
Operating at optimum, Ethereum can only process 15 transactions per second. This is below par for a platform that's on-demand, typically processing over one million transactions every day. At this rate, Ethereum is even busier than Bitcoin.
Still, Ethereum is known for its well-developed infrastructure, and remains the most decentralized and secure. It is also the home of DeFi and NFT despite challenges.
To be the 'better option,' other smart contracting platforms began launching promising lightning-fast processing speeds, sometimes at the expense of decentralization. Besides processing superiority, these projects also have relatively low transaction costs (Gas) and are energy-efficient.
They have since carved out market share but are not as dominant.
Some of these projects include EOS, Tron, and Binance Smart Chain (BNB).
You can trade their coins—EOS, TRX, and BNB—respectively, on CryptoAltum.
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