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Ether
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== Competition == Ether (ETH), the native cryptocurrency of the Ethereum blockchain, has several peers or competitors in the cryptocurrency and blockchain space. These peers offer similar functionalities, such as smart contracts and decentralised applications (DApps), or they compete in the broader cryptocurrency market as alternatives to Ether. Here are some of Ether's closest peers: # '''Bitcoin (BTC):''' Although Bitcoin's primary purpose is to act as a digital currency and store of value, it's often compared with Ether due to its prominence and role as the first and most valuable cryptocurrency. # '''Binance Coin (BNB):''' Initially launched on the Ethereum blockchain, Binance Coin now operates on Binance's own blockchain, Binance Smart Chain (BSC). BSC is known for its high transaction throughput and low fees, attracting many DApp developers and users. # '''Cardano (ADA):''' Cardano is a blockchain platform that, like Ethereum, focuses on running smart contracts. It aims to provide more advanced features than Ethereum, primarily through its emphasis on a research-driven approach to design and development. # '''Polkadot (DOT):''' Polkadot aims to enable different blockchains to transfer messages and value in a trust-free fashion; sharing their unique features while pooling their security. It is considered a competitor due to its focus on interoperability and scalability. # '''Solana (SOL):''' Solana is a high-performance blockchain supporting DApps and crypto-currencies. It's known for its fast transaction speeds and low costs, making it a competitive alternative for developers and users seeking performance efficiency. # '''Tezos (XTZ):''' Tezos is another blockchain that facilitates smart contracts and DApps. It has a unique self-amending cryptographic ledger which allows the network to upgrade itself over time without having to fork the blockchain. # '''Avalanche (AVAX):''' Avalanche is a blockchain platform that focuses on high throughput, low latency, and scalability. It's gaining popularity for DApps, particularly in the DeFi space. # '''Algorand (ALGO):''' Algorand is a blockchain platform that aims to deliver decentralisation, scalability, and security for a wide range of applications, including financial tools and services. # '''EOS (EOS):''' EOS is a platform for developing DApps. It's designed to be more scalable than Ethereum, with an emphasis on user-friendliness and efficiency. # '''Tron (TRX):''' Tron is another blockchain platform that enables the development of smart contracts and DApps, with a particular focus on digital content and entertainment. These platforms are considered peers of Ether because they offer similar functionalities or compete for market share in the crypto and blockchain space. Each has its unique features and focuses, but they all contribute to the rapidly evolving landscape of blockchain technology and cryptocurrency. {| class="wikitable" |+ !Feature/Cryptocurrency !Ether (ETH) !Bitcoin (BTC) !Binance Coin (BNB) !Cardano (ADA) !Polkadot (DOT) !Solana (SOL) !Tezos (XTZ) !Avalanche (AVAX) !Algorand (ALGO) !EOS (EOS) !Tron (TRX) |- |Smart Contracts |style="background: green; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |- |Decentralised Finance (DeFi) Support |style="background: green; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |- |High Transaction Throughput |style="background: red; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |- |Low Transaction Fees |style="background: red; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |- |Proof of Stake (PoS) |style="background: green; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |- |NFT Capabilities |style="background: green; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |- |Large Developer Community |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |- |Interoperability with Other Chains |style="background: red; color: white;" |β |style="background: red; color: white;" |β |style="background: red; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: red; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: red; color: white;" |β |style="background: red; color: white;" |β |style="background: red; color: white;" |β |- |Advanced Scaling Solutions |style="background: red; color: white;" |β |style="background: red; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |- |Established Track Record |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |style="background: green; color: white;" |β |} Note: * The "High Transaction Throughput" and "Low Transaction Fees" rows are relative and may vary based on network conditions and ongoing upgrades. For example, Ethereum's transition to Ethereum 2.0 is expected to improve its scalability and reduce fees. * "Advanced Scaling Solutions" refers to unique or innovative approaches to handling a large number of transactions, which goes beyond basic blockchain functionality. * The presence of a tick or cross is based on the general capabilities or features of each blockchain as of my last update in April 2023. These aspects can evolve with technological advancements and network upgrades.
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