Alternatives To Ethereum

Launched in 2014, the Ethereum network has gone on to revolutionize the crypto market. Prior to the launch of this platform, the crypto market was filled with various crypto platforms that seek to ensure that users were able to carry out fast and safe transactions. The Ethereum network was not focused on transactions, it sought to ensure that decentralized applications and smart contracts could be handled on the network. The Ethereum network specializes in the handling of smart contracts as well as the development and launch of decentralized applications. In this article we will discuss some of the best alternatives to the Ethereum network. They include;

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Ethereum Classic
This is a hard fork of the Ethereum network. This platform was forked out because of the hack that was carried out on the Ethereum network in 2016. This is an open source decentralized peer to peer platform. This is a platform that specializes in the launch of decentralized applications and also the handling of smart contracts. Since its fork in August 2017, this crypto has gone on to become one of the most valued cryptocurrency platforms in the world.

Lisk
This platform happens to be one of the best platforms because it makes it easier for third party developers to launch decentralized applications. Unlike the Ethereum network where developers will have to learn customized programming languages, the Lisk network ensures that developers are able to easily develop and launch applications. Developers on the Lisk network can work on the JavaScript language. The developers on the Lisk network can create and launch decentralized applications on the network without having to rely on the network.

One problem the Lisk network seeks to solve is the scalability issue that has plagued the Ethereum network for a long time. The Lisk seeks to carry out thousands of transactions in a second to ensure that it gains mass adoption. To ensure that the platform is scalable, the Lisk network introduces side chains. While creating the side chains on the Lisk network, you can make use of the native token of the platform or create your own specially designed token. Generally, the Lisk network seeks to provide developers' with an easy platform to create decentralized applications without knowledge of a specific programming language.

Stratis
This platform provides a framework that was specially designed to meet the needs of various organizations and firms that are seeking to test, develop and launch platforms on the network. This platform solves one important problem that has plagued the blockchain infrastructure and developers as well. This platform allows organizations and firms to quickly create and launch applications that would cater for their needs. This applications that are created on the platform are done without cost and there is enough security. The platform was created for financial institutions and organizations so that they would be able to fully create applications that would help in their growth.

This platform has its native token as STRAT and it runs on the proof of stake algorithm.