Solana

Fantom, Cardano, Solana – All About 3 Altcoins Considered Ethereum Killers in 2022

Fantom, Cardano, Solana - All About 3 Altcoins Considered Ethereum Killers in 2022

Although Ethereum is the second most popular and widely used cryptocurrency after Bitcoin, there are various altcoins that are moving at a faster rate due to Ethereum’s higher fuel fees and lower transaction pace. .

In the current situation, Fantom, Cardano, and Solana are considered to be the top crypto players challenging Ethereum’s supremacy.

Related Reading: 5 Emerging Blockchains That Could Become Ethereum Killers in 2022

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Phantom

Probably the most standard cryptocurrency of the latest instances is the Fantom crypto. It is a good open-source contract platform for digital ownership and decentralized purposes, which was designed as an alternative choice to Ethereum, and its native token is called FTM.

Interesting read: Is Fantom a crypto? Does Easy Crypto offer trading on Fantom?

It uses the aBFT consensus protocol, thus offering unique speed, security and reliability.

Additionally, crypto aims to overcome the limitations of earlier era blockchains and the sticking points associated with scalability, decentralization, etc.

What Makes FTM an Ethereum Killer?

Although Ethereum is moving towards further decentralization, Fantom crypto already uses one of the main applied sciences on the subject of decentralization, and its key energy lies in its efficiency and environmentally friendly transaction processing.

gimbal

Launched in 2017, Cardano is widely considered to be one of the most wanted Ethereum killers. Being a third generation crypto, it combines the perfect traits of each of the first and second generation cryptos, especially Bitcoin and Ethereum.

Read: Cardano beats Ethereum as the most developed crypto project.

Cardano, with its native token being ADA, incorporates pioneering applied science to provide enhanced ranges of security and durability to DApps, programs, and corporations.

Moreover, the Cardano mission takes pleasure in being one of the leading blockchains to use the PoS consensus mechanism, which consumes much less power than Bitcoin’s PoW algorithm.

Moreover, with the launch of Alonzo Upgrade in 2021, the Cardano ecosystem has expanded, bringing good contract performance to the blockchain.

What makes ADA an Ethereum killer?

Cardano’s PoS protocol, Ouroboros, is expected to be environmentally friendly and extremely sustainable. Moreover, it aims to achieve moral development and long-term sustainability.

Solana

As a decentralized blockchain, the Solana blockchain makes it easy to build DApps, with a number of initiatives spanning DeFi, Web3, NFT, and more.

Its internal token is called SOL, and improved scalability ensures low-cost transactions and lightning-fast speeds.

Also Read: Will Ethereum, Solana, Polkadot Rally Continue After All-Time Highs?

Moreover, it uses the proof-of-history (PoH) mechanism to validate transactions, compared to Ethereum’s proof-of-work (PoW) consensus model, which, in turn, improves the usability of the old .

What makes SOL an Ethereum killer?

Solana is touted as one of the top contenders for the Ethereum killer title, as its community is extremely profitable and has lower fees as the mission implements new tokenomics.

back line

Although new cryptos are soon gaining popularity, there is still a long way to go to match Ethereum in terms of market capitalization and international adoption.

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