Tag: Defi Blockchains

As transaction fees on the Ethereum Network push new highs, the competition between smart contract-enabled blockchains is heating up. Ethereum has long been the go-to platform for decentralized applications (dApps). The network effect of Ethereum and Ethereum-based dApps has been a catalyst in creating an environment where developers can program money in innovative new ways. Without the success of Ethereum over the years, the demand for smart contract-enabled blockchains would likely be substantially lower. However, several new projects, including those established by founding members of the Ethereum team, have created compelling alternatives to the number one decentralized finance (DeFi) blockchain. Blockchain-based smart contract platforms are becoming fiercely competitive in their adoption and utility. But, what are the differences between these blockchains and smart contract development platforms?