Vitalik Buterin recently made the front pages for a seemingly comical Twitter poll. The deal was to choose one among the given coins, excluding Ethereum, to become the sole channel of around 80% of transactions in 2035. Buterin listed the so-called ‘Ethereum killers’ along with the gigantic Bitcoin for the poll. Although the true depth of this internet poll is not known, it is suspected to be followed by an encore.
Ethereum is currently one of the largest cryptocurrencies in the world, with a market cap easily exceeding $400 million. It is widely considered to be the ‘worthy opponent’ of Bitcoin due to its technical support and smart contracts, which outdated the transaction system of the crypto king. However, the protocol could not enjoy this title for long as the ‘Ethereum Killers’ joined in for a share of Ether’s market. Cardano, Solana, Avalanche, and Polkadot are some of the newly emerging crypto projects that could give Ethereum a run for its money in the years to come.
The poll by the Ethereum co-founder apparently included these ‘Ethereum Killers’ along with Bitcoin for a contest. Surprisingly, Cardano topped the poll with 42% of the people seeming to prefer it for transactions. Bitcoin, with 38% of the votes, has exhibited its inability to compete as a mode of transaction. Solana and USD coin got the subsequent places with 13% and 6.5% votes respectively.
The succeeding poll involved another set of coins, including Binance Coin, Chinese Yuan, Neo, and Tron. Tron emerged to the top with 51% of the total of 3.58 lakh votes. It was followed by Binance coin, Neo, and Chinese Yuan in the same order with 22.8%, 21.8 and 4.1%, respectively. The poll, however, did not involve any of the meme-coins as Buterin has not been a fan of them, so much so that he burned 90% of tributes from Shiba Inu. Them not being ‘serious enough’ could possibly be the reason for not listing them down for this Twitter poll. This expectedly received a response from Billy Marcus, the co-founder of Dogecoin, who implied that Doge would be the preferred coin despite not being in the poll.
Despite the technical infrastructures, Ethereum is one of the not-so-cost-efficient blockchains around the globe. An average gas fee of $46 makes it around 20 times costlier than its competitions like Cardano, Solana, Avalanche, or Polkadot. However, the layer-2 solution, which is expected the address these issues, will drop in soon. According to the ETH forecast from CryptoNewsZ.com, the price of the coin would soar up to $10,000 by 2026, particularly with the solutions in place.