The world itself operates in such a way that every individual have their own preferences and that's how the order of nature works. Some people want something and someone else wants something different. There are common things too that usually, many people prefer to have. Features in the crypto world are similar even though there is decentralization. We have to say that this diversification is more because there is decentralization involved. It is also challenging to bring consensus in expecting something.
With the pros and cons of Ethereum and other popular blockchains, these days there are so many new blockchains born as a clone of the existing chains but with a lot more advantages. That's how Ethereum gave birth to many such blockchains. In this article, we are going to see the need for Ethereum alternatives. Many people would have thought that Ethereum is more than sufficient but there are some challenges in consuming Ethereum too even though a lot more developers prefer to write a smart contract on Ethereum.
Transaction cost
This is one of the biggest issue and the most spoken issue with Ethereum. Many people prefer to choose other blockchains over Ethereum because of this problem. In order to do a transfer of 30 $ worth of Ethereum, I have to pay a gas fee of around 25 to 45$ which is insane. For someone who is coming from a blockchain where transaction cost is either minimal or free, this can be a big problem and in spite of this problem Ethereum is still onboarding many users. The one common ground they see is where they have so many use cases for the chain and many dApps operating on the Ethereum blockchain.
Especially during peak times, the cost of transactions is very high and it cannot be affordable at times. This is one of the biggest reasons why people prefer using other cheaper blockchains for their needs. Personally, I wouldn't say I like Ethereum for this very reason. People getting started in crypto directly on Ethereum might get used to these heavy fees thinking that it is the same everywhere. People starting on platforms like Hive might find it hard to check other platforms that has a huge transaction cost.
Scalability
This is the next problem in popular chains. I have to admit that scalability is not only a problem for Ethereum but also for other popular blockchains that attract heavy traffic. The node operations would have the biggest trouble here. The cost of the transaction increases when the traffic is heavy. That's why people prefer choosing other blockchains that have solved this scalability issue and are much faster.
Bette smart contracts
Ethereum is still on the top for providing an effective smart contract solution. Even in this case, even though this facility is available, using them is hard because of the gas fees and users might get annoyed. Especially for building a game, people would like to get rewarded from the blockchain game and are usually hesitant to spent a lot of money in doing transactions while playing the game.
Developer restrictions
There are some restrictions when it comes to developing on top of Ethereum. There is a learning curve that needs to happen. People prefer choosing other blockchains because of good documentation or in a way it is very developer-friendly. The choice of the technology in which the code needs to be written also matters. Some of the new blockchains also support multiple languages and they can easily be adopted. It becomes easier for developers who write smart contracts.
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Posted Using InLeo Alpha
