Ethereum's 5 Smart Contract Rivals
Businesses are usually better off with competitions. Competition helps companies raise up their standards and keep relevant. Although many people still patronize Ethereum for their smart contracts, a lot of rivals have come up. Here are 5 leading project rivals to Ethereum listed alphabetically.
EOS may be a newcomer on the rival list to Ethereum but many people love it. The affection of people for this project has made it one of Ethereum's frontline rivals.
While it is true that this project would have to do a lot in gaining grounds, its developers seem not to be worried as such. EOS developers say they can come up with platforms for blockchain and a secured atmosphere for smart contracts.
As the planned collaboration between dApps and EOS is underway, it is still left to be seen if EOS would outsmart Ethereum eventually. Ethereum too is yet to get dApps built on it.
2. Ethereum Classic (ETC)
It is not new that many fans of ETC do not see the project as a reliable substitute to Ethereum. They claim that it cannot match Ethereum when it comes to cryptocurrency, smart contracts, and blockchain.
However, Ethereum Classic operates by the same technology that makes Ethereum the choice of many developers. So, it is only a matter of time and the smarter of the two would be seen.
The only thing is that Ethereum Classic is not well-known by developers the same way Ethereum is. As such, necessary changes may not be made to it soon. But then, blockchain technology is not static and ETC can just leave Ethereum behind.
As such, Lisk is evidently full of advantages. In fact, instead of developers bloating their blockchain, they can just connect it to Lisk's primary blockchain and they are good to go.
NEO is among the undeniable rivals Ethereum has. That is because it has completely re-defined scalability. And as if that is not enough, NEO supports diverse programming languages.
For these reasons, developers may find it easier to come up with smart projects on NEO than probably Ethereum. But that said, the project still has a lot to do before it can outsmart Ethereum in dApps and smart contract developments.
Stratis may seem not to be the first choice for many nowadays but it surely has many functions developers and users can benefit from. This project is a service platform for blockchains. It allows the development of applications that are decentralized by companies.
Much more, Stratis provides abundant functionalities for smart contracts by its regular coding languages. And truth be told, this is something that attracts many developers.