Can Ethereum’s Smart Contract Sustain Amidst the Increasing Competition From Rivals?

Description

L2s and competing L1 blockchains now challenge Ethereum’s smart contract dominance. Arbitrum and Optimism offer scalable Ethereum-compatible alternatives with lower fees. Ethereum’s future hinges on improving scalability, user experience, and regulatory alignment. Ethereum has maintained a central role in the development and execution of smart contracts since its launch. However, sudden innovation across competing blockchain platforms and Layer-2 (L2) solutions is beginning to reshape the compet...