The Most Viable Alternatives to Ethereum- A Handy Guide — Blog

4 Noteworthy Alternatives to Ethereum Blockchain

Waves Platform

  • Security: Integrated with Ledger Nano S cryptocurrency hardware wallet.
  • Fiat transfer: Tokenization of Fiat money and cryptocurrencies (like BTC, ETH).
  • Scalable: The platform relies on two-tier architecture (full and light-weight node) and a leased Proof-of-Stake
  • Affordability: Tokens can be used to pay transaction fees which is cheap as 0.001 Waves.
  • Speed: Can handle Hundreds of transactions per second (6000 tx per second on-chain).
  • Decentralized Exchange (DEX): DEX empowers every user to sell/buy tokens using a centralized matcher.
  • Accessibility: User-friendly UI options available for a browser, mobile and a stand-alone version of Waves Client.

EOS

  • No transaction fees with EOS.
  • Parallel Execution: The ability to do multiple tasks in parallel and faster transaction speeds.
  • Able to perform Sequential Performance.
  • Commercial scalability.
  • A Constitution: Constitution is the set of rules on which everyone in the network agrees upon, these are linked to all blocks mined.
  • Self Sufficiency & Evolution: The current model allows for a 5% inflation, which will be used to build the network further.
  • Decentralised operating system.
  • Supports smart contract.

Ethereum Vs. EOS

NEM (New Economy Movement)

  • Performance: NEM is fast, very fast. And cheap. (thousands of transactions per second)
  • Easy to Develop: NEM exposes its functionality through a powerful API interface.
  • Maximum customization: Smart Asset System based on Powerful modular customization for virtually any application.
  • Security: Transactions recorded through its unique concept of accounting, driven by consensus.
  • Cost-effective: One of the lowest transaction fees(0.01%) in crypto.
  • Supports both Public and Private blockchain solution.

Hyperledger Fabric

  • Confidentiality: Private and Permissioned Network.
  • Channels for partitioning data.
  • Enterprise backing: Preferred platform for B2B businesses.
  • Consensus Mechanism: Pluggable Consensus Algorithm: No mining required.
  • Chaincode is written in Golang.
  • No built-in cryptocurrency.
  • Confidential transactions.
  • Ideal for finance, banking, IoT, Supply Chain, Manufacturing and Technology.

Ethereum Vs. Hyperledger Fabric

Ethereum Vs. All Alternatives

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