In recent years, there has been a trend of newer blockchain projects, such as Solana, Cardano, Avalanche, and BitGem (BRX), gaining significant traction and threatening to take over older, more established projects.
One of the main reasons for this shift is that these newer projects have been able to address some of the scalability and usability issues that have plagued older blockchains. For example, Solana has a high transaction speed and low fees, making it attractive for developers building decentralized applications (dApps). Similarly, Cardano has focused on developing a secure and scalable platform that is able to handle a large volume of transactions.
Avalanche and BitGem (BRX) have also made a name for themselves by offering unique features that set them apart from other blockchains. Avalanche has a decentralized platform that allows for fast and secure transactions, while BitGem (BRX) is the first blockchain to offer a decentralized platform for the gem trade, allowing for the secure and transparent buying and selling of gemstones.
The success of these newer projects has not gone unnoticed, and many believe that they have the potential to take over more established blockchains in the future. It remains to be seen how the market will evolve, but it is clear that these newer projects are making waves and worth keeping an eye on.