As reported by smartereum.com, Ethereum (ETH) has reestablished itself as the second most dominant digital currency in the crypto space. The blockchain project is presently at its version 2.0 phase, which was created by the creator of the blockchain project – Vitalik Buterin. The new blockchain systems support smart contracts, which are self-enforcing, coded contractual transactions that can replace the need for intermediaries in several transactions.
As a result of this, Ethereum (ETH) blockchain was also developed. Ethereum provides a platform to enable developers to build blockchain-based ecosystems of different functions. At the moment, more than 1,880 decentralized apps have been built on the blockchain of Ethereum.
Ethereum (ETH) Price Today – ETH / USD
However, the Ethereum (ETH) platform has got a lot of contenders offering the same solution (or even better) in the crypto space. Listed below are some of its rivalries.
Stellar Lumens (XML)
Stellar (XLM) Price Today – XLM / USD
Stellar Lumens is one of the strongest rivalries of Ethereum, and is known for its low-cost, fast international payment systems. According to the website of the platform, “Stellar is a blockchain-based platform that connects payment systems, banks, and people to move fund quickly, reliably, and at almost zero-cost. The platform also boasts of a smart contract functionality. Though its smart contracts can’t support complex apps, they are still popular among developers because of their deployment ease.
Cardano (ADA) Price Today – ADA / USD
Cardano (ADA) was founded by Charles Hoskinson back in 2015. The network is referred to as a third-generation blockchain and it has also been dubbed “Ethereum Killer.” One of the most unique features of this platform is that it uses academically peer-reviewed open source doe to verify that the blockchain works smoothly and developers are provided with the solid codebase to develop apps on. The blockchain of Cardano (ADA) is also a great threat to Ethereum (ETH) due to the advanced features it offers.
Some other contenders of Ethereum (ETH) include NEO (NEO), EOS (EOS), and Tron (TRX). The team behind Ethereum (ETH) need to put in more effort to the project in the order to remain relevant in the crypto space.