Ethereum Killers That Not Exploded Yet: Introducing Near and Zilliqa

Company

GETBLOCK

September 29, 2021

4 min read

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Since its inception in mainnet in mid-2015, Ethereum is a benchmark of smart contracts environments. All notable concepts, designs, instruments, and so on had been first introduced on Ethereum and only then migrated to other blockchains.

However, in 2020-2021, Ethereum became a ‘rich-only network’: its fees rocketed to $200 per Uniswap transaction. Many enthusiasts, entrepreneurs and developers started considering other networks as the alternatives.

This proсess injected a new life into what is known as ‘Ethereum killers’, i.e. a class of smart contracts platforms suitable for massive DeFi and dApps onboarding.

The thorny path of Ethereum killers

Invented by Ethereum’s co-founder Charles Hoskinson, Cardano is the first-ever ‘Ethereum killer’. It boasts an eccentric transaction model: unlike Ethereum’s ‘account-based’ design, Cardano utilized EUTXO (‘Bitcoin-like’) model based on transactions outputs.

Cardano works on the top of Proof-of-Stake (PoS) blockchain consensus: its integrity is secure by staking of ADA tokens. Ethereum will use this consensus in v2.0 iteration that is expected to launch in 2022-2023.

Recently, Cardano (ADA) enabled smart contracts functionality after Alonzo hardfork activation in mainnet. As covered by GetBlock previously, smart contact release wasn’t all roses - and poisoned Ethereum cheerleaders did their best to mock its oldest rival.

Nevertheless, it’s better to experiment with Cardano (ADA) by yourself. For this purpose, you can connect whatever you’re building on blockchain to the GetBlock’s Cardano (ADA) node. It works with 100% uptime, so don't hesitate to contact our team and find out what is Cardano.

Much-overhyped blockchain platform Solana (SOL) is another textbook example of ‘Ethereum killer’. After receiving a gargantuan amount of money from both VCs and retail investors, Solana exploded onto the dApps and DeFis segments.

However, on Sep.13-14, Solana nodes were stuck amidst a savage DDoS-attack. Solana validators had to restart the blockchain operations and were slammed for ‘centralized’ approach to decentralized networks.

Company

GETBLOCK

September 29, 2021

4 min read

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