Missed Out on Ethereum? Here’s What to Buy Now – Motley Fool

Missed Out on Ethereum? Here’s What to Buy Now – Motley Fool

With a market cap of $480 billion, Ethereum (CRYPTO:ETH) has soared over 540,000% since its 2015 inception — leaving late investors kicking themselves for not getting in while it was cheaper. 

But the good news is that assets like Solana (CRYPTO:SOL) and Polkadot (CRYPTO:DOT) could make great alternatives. Dubbed “Ethereum killers,” these blockchains boast smaller market caps and superior scalability, setting them up for explosive long-term growth. 

Flaming stock chart moving upwards.

Image source: Getty Images.

1. Solana 

Up 28% in the last 30 days to a market cap of $60 billion, Solana is rapidly gaining ground among cryptocurrency investors. The programable blockchain allows users to create autonomous programs called decentralized applications (dApps). And it is a top Ethereum alternative because of its smaller valuation and technical innovations.

Solana’s advantage comes from its block validation system. Unlike Ethereum, which uses a proof-of-work (PoW) protocol where miners solve puzzles to verify transactions, Solana uses a proof-of-stake (PoS) system. Miners update the blockchain using existing coins — supported by a proof-of-history (PoH) algorithm that speeds up the process by recording time. 

According to its developers, Solana is the