3 blockchains trying to dethrone Ethereum

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Ethereum has long reigned as the king of smart contract platforms, thanks in large part to the wide range of applications already operating on the platform and the number of developers building there.

But as one of the first smart contract platforms, it is starting to show its age and is now struggling to keep up with the rampant demand for decentralized applications. With gas rates skyrocketing, transaction delays on the agenda, and many other end-user frustrations, many developers are now beginning to look for suitable alternatives.

Fortunately, there are dozens of Ethereum competitors under construction, some of which offer features that would be difficult to compete. Here, we take a look at three of the most promising in 2021 and beyond.

QAN

Widely recognized as the first quantum-resistant blockchain platform, QAN is designed to host the next generation of truly secure decentralized applications (DApps).

With the rapid improvement of quantum computing capabilities thanks to recent advancements made by companies such as IBM, Fujitsu, Google, and Honeywell, quantum computers are rapidly approaching the ability to breach current generation cryptographic systems, including those of Bitcoin SHA256 and KECCAK-256 from Ethereum. If it is ever breached, this could decimate both platforms and any other platform that has equally outdated security.

Besides being quantum attack proof, QAN also stands out from Ethereum and most other blockchains due to its extreme focus on developer experience. platform is designed to make creating DApps an incredibly simple task accessible even to those with limited development experience. In short, QAN allows builders to build and deploy their DApps in minutes, compared to hours or days with other platforms.

With its one-click hardware and cloud deployment, support for multilingual development (including C, C ++, Rust, etc.), and support for up to 97,000 transactions per second (tps), QAN is well positioned to experience an explosion of innovation. with the imminent launch of its core network in the first quarter of 2022.

A pois

Interoperability is increasingly becoming an incredibly important pillar of the blockchain landscape.

With more and more projects looking to spread across multiple chains and create an ecosystem of partners and cross-chain interactions, there is now a great need for a platform that can support these projects.

A pois is rapidly emerging as the first choice for many of these projects, thanks to its ability to link any existing blockchain to a range of future Polkadot-based chains, without requiring any changes at the base level. This will allow the transfer of information and value from any chain to any chain, helping to eliminate the closed approach of application development by giving users access to the best features of each connected chain.

In addition to its impressive support for cross-chain interactions, Polkadot also has a future-proof update feature, allowing you to add new features and fix bugs without forking the chain and causing a schism in the community. Combine this with extreme scalability and low-power-proof nominated proof-of-stake (NPoS) consensus and Polkadot presents itself as a powerful platform for developers.

With Parachain auctions going into effect later this year and the first wave of interoperable blockchains launched shortly after, we could be at the pinnacle of a new interoperable blockchain future.

Candles

In addition to blockchain, artificial intelligence is widely regarded as one of the foundational technologies of the years and decades to come, with AI-based tools that will revolutionize virtually every industry.

refore, it is not surprising that the two eventually intersect and that a blockchain platform emerges that harnesses the power of artificial intelligence to iterate and adapt to changes in network demand.

Candles is exactly that. platform leverages state-of-the-art cryptography and artificial intelligence to produce a self-managed and adaptable blockchain that can withstand and adapt to the stresses that come with supporting highly scalable decentralized applications.

Based on Solana’s code, albeit with some powerful changes, Velas is built to support a rapidly expanding ecosystem of DApps and products. platform leverages a unique AI-based consensus mechanism known as AIDPOS to maximize blockchain stability and scalability to ensure a consistent experience across DApps.

platform recently migrated to its 3.0 core network, bringing with it a next-generation feature set, including a social media platform known as BitOrbit, support for synthetic assets, and a new security mechanism known as Velas Vault. With this, Velas aims to provide a complete ecosystem that developers can use to produce powerful applications.

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