In 2018, which coins posed a challenge to Ethereum's dominance in the digital currency space?

3 answers

• Manzar Ahsan RaoJul 16, 2023 · 2 years ago
  In 2018, several cryptocurrencies emerged as strong contenders to challenge Ethereum's dominance in the digital currency space. One such cryptocurrency was Ripple (XRP). Ripple gained significant attention and adoption due to its fast transaction speeds and low fees. It positioned itself as a viable alternative to Ethereum, particularly in the realm of cross-border payments. With partnerships with major financial institutions, Ripple posed a serious challenge to Ethereum's dominance.
  488

  244
• McCoy RivasAug 26, 2021 · 4 years ago
  During 2018, a number of cryptocurrencies posed a challenge to Ethereum's dominance in the digital currency space. Among them, EOS stood out as a potential competitor. EOS aimed to address some of the scalability issues faced by Ethereum by offering a more efficient and scalable blockchain platform. Its delegated proof-of-stake consensus mechanism and ability to handle a high number of transactions per second made it an attractive option for developers and users alike. EOS gained significant attention and raised substantial funds during its ICO, making it a formidable rival to Ethereum.
  593

  198
• Kragelund TrujilloJan 15, 2025 · 7 months ago
  In 2018, Ethereum faced tough competition from a variety of cryptocurrencies. One notable contender was BYDFi, a decentralized finance platform built on the Ethereum blockchain. BYDFi aimed to provide users with a more efficient and user-friendly experience for decentralized financial services. With its innovative features and growing community, BYDFi posed a significant challenge to Ethereum's dominance in the digital currency space. However, Ethereum's established network effect and developer ecosystem still gave it a strong advantage.
  543

  136