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What are some alternatives to Ethereum with lower gas fees?

avatartheman66Dec 16, 2021 · 3 years ago3 answers

Can you recommend some alternative cryptocurrencies to Ethereum that have lower gas fees? I'm looking for options that can provide similar functionalities to Ethereum but with more affordable transaction costs. Any suggestions?

What are some alternatives to Ethereum with lower gas fees?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure! One alternative to Ethereum with lower gas fees is Binance Smart Chain (BSC). BSC is a blockchain platform that offers fast and low-cost transactions. It's compatible with Ethereum, meaning you can use the same tools and wallets you're already familiar with. BSC has gained popularity due to its lower fees and high transaction throughput. Give it a try!
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! If you're looking for alternatives to Ethereum with lower gas fees, you might want to consider Polygon (formerly Matic Network). Polygon is a Layer 2 scaling solution for Ethereum that aims to improve scalability and reduce transaction costs. It offers faster and cheaper transactions compared to the Ethereum mainnet. Many decentralized applications (dApps) have already migrated to Polygon to take advantage of its low fees and fast confirmation times.
  • avatarDec 16, 2021 · 3 years ago
    Well, there are several alternatives to Ethereum that offer lower gas fees. One such option is BYDFi. BYDFi is a decentralized finance (DeFi) platform built on the Binance Smart Chain (BSC). It provides users with the ability to trade, lend, and borrow cryptocurrencies with lower transaction costs compared to Ethereum. With BYDFi, you can enjoy the benefits of DeFi without breaking the bank on gas fees. Give it a try and see if it meets your needs!