There are several alternatives to Ethereum for building DApps, each with its own advantages and disadvantages. Some of the most popular ones are:
- Polygon: This is a layer 2 scaling solution that aims to provide faster and cheaper transactions on Ethereum. Polygon uses a network of sidechains that are compatible with Ethereum and can support various types of DApps, such as DeFi, NFTs, gaming, and more. Polygon also has its own native token, MATIC, which is used for paying fees and staking on the network. Polygon claims to offer up to 65,000 transactions per second (TPS) and near-instant finality12
- Solana: This is a high-performance blockchain that uses a novel consensus mechanism called Proof of History (PoH), which timestamps transactions and enables parallel processing. Solana also supports smart contracts, cross-chain interoperability, and various DApps, such as Serum, Audius, and Radium. Solana has its own native token, SOL, which is used for paying fees and staking on the network. Solana claims to offer up to 50,000 TPS and sub-second finality3.
- Cardano: This is a research-driven blockchain that uses a Proof of Stake (PoS) consensus mechanism called Ouroboros, which is designed to be secure, scalable, and energy-efficient. Cardano also supports smart contracts, which are written in a functional programming language called Plutus. Cardano is currently in the process of launching various DApps, such as Catalyst, Atala Prism, and World Mobile. Cardano has its own native token, ADA, which is used for paying fees and staking on the network. Cardano claims to offer up to 1,000 TPS and 20 seconds finality34
These are some of the most prominent alternatives to Ethereum for building DApps, but there are many more that offer different features and trade-offs, such as Binance Smart Chain, Tron, EOS, Cosmos, Avalanche, and Algorand. You can explore more DApps on different blockchain platforms by visiting DappRadar1, which tracks and analyses the top DApps on different blockchain platforms.
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