Competition is high in the crypto space, and as such, adaptation is necessary. With a dizzying amount of crypto coins and platforms in existence, many of which offer never before seen incentives and benefits, there is no time or space for complacency.
This fact is what leads to the concept of “Ethereum Killers”. The entire concept is based on evolving a blockchain network that can mitigate the flaws of the first mover.
Ethereum (ETH) is the world’s most popular decentralised marketplace for financial apps, services and games and, as such, holds the first-mover advantage over all other coins and platforms.
However, Ethereum (ETH) is plagued with scalability and sustainability concerns. Elrond (EGLD), VeChain (VET) and Parody Coin (PARO) are three crypto platforms that solves these problems, so can they be the latest “Ethereum Killers” in the market?
First on this list is Elrond (EGLD). A significant factor keeping blockchain from achieving mainstream adoption is scalability problems. Right now, the majority of blockchain networks have limited throughput and will not be able to handle broad, mainstream demand.
Elrond (EGLD) is essentially a blockchain network designed to achieve immense scalability and significant transaction throughput. It does so through an adaptive state sharding system, which enables transactions to be handled rapidly by multiple validators.
Elrond (EGLD) can push through 15,000 transactions per second (tps) at just $0.0001 each, with instant finality. For context, Bitcoin can only handle seven transactions per second (tps).
With this level of speed and scalability, Elrond (EGLD) has positioned itself as an ideal blockchain for Decentralised Finance (De-Fi) to use for their apps and could be a potential “Ethereum Killer.”
The platform uses the ELGD token throughout its network. The token is a top 40 cryptocurrency by market cap.
VeChain (VET) is a blockchain network designed to help make supply chain management simpler.
The platform records what happens at every stage of the supply chain and combines physical tracking with blockchain records to keep tabs on real-world products from production to delivery. It helps to prevent fraud and increase transparency in this manner.
VeChain (VET) is turning serious heads in the crypto community. The platform’s anti-fraud technology is a way to ensure that consumers know that their purchases are authentic.
Additionally, VeChain (VET) helps companies gain greater transparency during the manufacturing and delivery process. The platform is poised to bring an end to product piracy.
VET is the native cryptocurrency of the VeChain platform and is used for payment on the platform. Additionally, VeChain (VET) accords higher priority to its resources to individuals or enterprises with more VET tokens. Currently, VET is a top 40 cryptocurrency by market cap.
Parody Coin (PARO)
Parody Coin (PARO) is a De-Fi platform designed to make the most interesting, exciting and beneficial aspects of NFT markets more accessible to everyone. With Parody Coin (PARO), users gain the capacity to mint parodies of the most popular NFTs in the industry.
Additionally, it provides the mechanism necessary to trade these NFT parodies and generate income through its NFT marketplace.
The option to trade existing NFTs is also available on the platform, through which users can derive utility value.
The ecosystem provides a Paroverse, a digital universe where users can generate revenue through the many benefits of the NFT marketplace.
With features such as these, Parody Coin (PARO) will create a buzz within the crypto space. Fortunately, the token is still on presale and can be purchased ahead of time via the link below.
Join Parody Coin’s Presale: