Ethereum is the leader among cryptocurrencies that are based on blockchain technology and smart contracts. It is an open software platform that allows people to build and develop decentralized apps. In other words, it is a world supercomputer, pretty much like the ones we have seen in major science fiction movies like Terminator’s Skynet. Will it try to kill us in the future? That is rather unlikely but its benefits far outnumber any unrealistic security threat.

ethereum alternatives

 

The Best Ethereum Alternatives or Competitors

As it is usual in the virtual world and particularly the cryptocurrencies world, Ethereum is not alone in the quest to provide decentralized computer power to companies, organizations, and people. There are also other platforms and cryptocurrencies that want to imitate or surpass Ethereum’s success. You can learn about all of them here placed in an alphabetical order:

ethereum competitors

Ardor (ARDR)

Website: https://www.ardorplatform.org/
Status: In Development
Circulating Supply: 998,999,495 ARDR
Max Supply: 998,999,495 ARDR
Proof:  Proof of Stake

Advantages:

  • Fast: Transactions processed around 60 seconds
  • Scalable: Child chain transaction data will be pruned
  • Secure: Built by Jelurida –a company with years of proven security

Ardor is a blockchain-as-a-service platform that allows people to use NXT blockchain technology by using child chains. All the processing will be made over the Ardor mainchain, so childchain creators don’t have to worry about some of the most common issues when they create a blockchain as well as securing it with enough nodes. Child chains are going to be able to use the same features seen in Nxt such as trading, voting, phasing, and decentralized, and also interactability with other child chains on the platform.

Team: Ardor is labeled as NXT 2.0, so the development team behind NXT is also the same one behind Ardor.

 

Counterparty (XCP)

Website: https://counterparty.io/
Status: Running Now
Circulating Supply: 2,618,737 XCP
Programming Language: Solidity
Proof:  Proof of Burn

Advantages:

  • Create and manage new tokens on the Bitcoin blockchain
  • Distribute profits in BTC, XCP, or any other cryptocurrency
  • Trade BTC for XCP or any Counterparty token fully peer to peer
  • Create and manage multi-signature addresses
  • Store tokens offline using Armory
  • Broadcast data feeds to the Bitcoin network

Counterparty is open source and highly tested. It allows users to create and trade all kinds of digital tokens, it enables users to write  Smart Contracts, and execute them on the Bitcoin blockchain. By using Counterparty’s scripting language and Bitcoin’s decentralized ledger network, many real-world scenarios can turn into code and being automatically executed without intermediaries.

Team: The team behind Counterparty is made of several names and pictures but none information about any of them.

 

Ethereum Classic (ETC)

Website: https://ethereumclassic.github.io/
Status: Running Now
Market Cap:  $1,586,541,649 as of June 4th of 2017
Programming Language: C++, Rust, Go
Proof:  Proof of Work

Advantages:

  • Secure
  • Censorproof
  • Reliable
  • Public
  • Trustless
  • Decentralized

Ethereum Classic is decentralized, trustless, public, reliable, censor-proof, and secure platform for running applications. In order to properly understand the relationship between the two Ethereum rivals, it is important to know their history. It is particularly important to be familiar with the DAO attack. Also, it is essential to familiarize with the objections explained in the Ethereum Classic Declaration Of Independence.

Team: The Ethereum Classic development team is made of respectable engineers, staff, and advisors.

 

Expanse (EXP)

Website: http://www.expanse.tech/
Status: Running Now
Proof:  Proof of Work
Programming Language: Solidity

Advantages:

  • Open Blockchain
  • Decentralized
  • Open-source
  • Adaptable and Flexible
  • Easy-to-use
  • Safe

Expanse is an open blockchain platform that lets anyone build and use decentralized applications that run on blockchain technology. Like Bitcoin, no one controls or owns Expanse – it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Expanse was designed to be adaptable and flexible. It is easy to create new applications on the Expanse platform, and with the Homestead release, it is now safe for anyone to use those applications.

Team: The small team behind Expanse is made of only three developers, advisors, marketing specialists and even an ‘art director’.

 

Lisk (LSK)

Website: https://lisk.io/
Status: Running Now
Programming Language: JavaScript
Proof:  Delegated Proof of Stake

Advantages:

  • Decentralized
  • Voting on block generation rewards

Lisk is a decentralized network such as Bitcoin, Nxt, or BitShares. It doesn’t utilize Proof of Work like Bitcoin, or Proof of Stake like Nxt. Lisk uses a simplified implementation of BitShares’ original consensus algorithm called Delegated Proof of Stake. That means every LSK holder can vote for mainchain delegates which are securing the network. There is only a maximum of 101 active mainchain delegates which always got the most votes on the whole network, and only they can earn block generation rewards, that means there is a financial incentive to become an active delegate. Every other delegate is on standby awaiting to become elected, or alternatively, securing a Lisk sidechain.

Team: The Lisk development team is packed with a lot of front-end and back-end developers and technicians.

 

NEM

Website: https://www.nem.io
Status: Running Now
Market Cap: $1,719,072,000 as of June 21th of 2017
Circulating Supply: 8,999,999,999 XEM
Proof: Proof of Importance

Advantages:

  • Multisig Contracts
  • Node Reputation
  • 2-Tiered Design
  • 100% New Code
  • Supernodes
  • Namespace
  • Harvesting
  • Lightwallet

NEM is much more than a cryptocurrency, it is a blockchain project and it functions as a peer to peer platform that provides services such as payments, asset making, naming system, and messaging. NEM is expected to get better with time as it evolves within its platform to provide better solutions thanks to its state-of-the-art core blockchain technology.

Team: The developer team behind NEM is enigmatically anonymous, it is known that the project started in Japan but its founders and developers remain a mystery to this date.

 

NXT (NXT)

Website: https://nxt.org
Status: Running Now
Circulating Supply: 998,999,983 NXT
Max Supply: 1,000,000,000 NXT
Programming Language: The language(s) of this currency does not have a morphological plural distinction.
Proof:  POS (Proof of Stake)

Advantages:

  • Assets and Asset Exchange
  • Monetary System
  • Messaging
  • Voting
  • Account Control
  • Coin Shuffling
  • Data Cloud
  • Alias System

Nxt is an advanced open source blockchain platform that builds on the functionality of the first wave of pioneering cryptocurrencies like Bitcoin. The Nxt platform includes many core-level features, such as a Decentralized Asset Exchange, Marketplace, and Voting system, all in additional to the NXT digital currency itself. Nxt is easy-to-use, permissionless and gives its users complete freedom in many ways. For example, using the NXT currency as a payment system cannot be restricted, creating a marketplace listing cannot be denied, and, for developers, neither is creating advanced blockchain-based applications through the Nxt Application Program Interface (API).

Team: The team has a set of core developers working along with Jelurida developers to promote and improve the NXT blockchain and Ardor. The team is largely unknown, but you can check more about their leadership on the NXT Foundation official website.

 

rsk - Rootstock

Rootstock

Website: http://www.rsk.co/
Status: In Development
Market Cap: None Yet
Proof:  POW (Proof of Work)

Advantages:

  • Bitcoin-friendly
  • Secure
  • Scalable
  • Instant

RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher scalability.

Team: The founders and the development team behind Rootstock are mostly based in Argentina, you can check more information about the original founders on their official website.

 

Stratis (STRAT)

Website: https://stratisplatform.com
Status: Running Now
Circulating supply: 98,413,833 STRAT
Programming Language: C++
Proof:  POS (Proof of Stake)

Advantages:

  • Limited emission
  • Low inflation
  • Secure
  • Open source
  • Decentralized
  • Scalable

$STRAT is the fuel that powers and secures the Stratis blockchain. It is used to pay fees per transaction and as an instrument for the transfer of value among participants in the Stratis marketplace. $STRAT is a digital cryptographic token that is freely traded on open exchanges as one of the top cryptocurrencies by market cap. The Stratis blockchain is based on the Bitcoin consensus algorithm making it one of the most reliable and secure cryptographic tokens today.

Team: Stratis possess a rich team of developers in its technical development department, along with other specialists and advisors from the industry. You can check the full profiles of the team on their official website.

 

texos

Tezos

Website: https://www.tezos.com
Status: Upcoming ICO
Proof:  POS (Proof of Stake)

Advantages:

  • Decentralized
  • Includes Smart contracts
  • Participants control the rules of the network

Tezos is a decentralized blockchain that governs itself by establishing a true digital commonwealth and facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.

Team: The development team behind Tezos is packed with a log of young people but not much is known about them and the official website only shows their name, picture, and links to social media or GitHub profiles.

 

Waves

Website: https://wavesplatform.com/
Status: Running Now
Circulating Supply: 100,000,000 WAVES
Proof:  POS (Proof of Stake)

Advantages:

  • Highly accessible
  • Fast, low-cost and scalable
  • Fiat transfer
  • Easy token operations
  • Decentralized Exchange

Waves is an open blockchain platform designed for ease of use and mass adoption. Anyone can use Waves to launch, distribute and trade their own crypto token. The platform is fully decentralized, transparent and auditable.

Team: The Waves’ platform has a varied mix of young engineers, developers, and specialists on its team. You can check their full bios on the Waves official website.

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