Topic: Is Polkadot going to Kill Ethereum? (Read 2670 times)
There has been a lot of talk about its pretty good potential so far, but the reality is that his achievements have not been able to show that he can shift Ethereum's position, at least if he wants to replace ethereum, he will have to compete with two strong coins namely BNB and ADA.
Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but It is already Home of 197 projects those are working on its networks and many more willing to join it.
This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
If I'm not mistaken, dot was among the top 5 cryptocurrencies a few months ago? But now bnb and cardano are fighting really hard for that spot and cardano seems to wining cause with the smart contract hype it has at the moment bsc doesn't stand a chance, I think Polkadot should try beating cardano or bsc first, killing eth is still a long shot for it,there's no eth killer anyway. This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
Polkadot is hyping since last year but does not show any tendency in making it up to take Ethereum position though there are 2 coins that make as close and those are.
Binance (BNB)
Cardano (ADA)
instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/
Even so, I think this really deserves special attention because considering that these polka dots are only a year old and it is possible that polka dots can now follow bnb in the future because considering the hype this coin is still continuing, especially in the last few weeks.Binance (BNB)
Cardano (ADA)
instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/
for comparison, maybe eth is too far considering the difference in age and prices are very different, but for polka I think it can be used as a recommendation considering that the price is still not too high. at least in the next few years I think this coin will be more promising even though it's not as big as there is, bnb or eth
Polkadot is hyping since last year but does not show any tendency in making it up to take Ethereum position though there are 2 coins that make as close and those are.
Binance (BNB)
Cardano (ADA)
instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/
Binance (BNB)
Cardano (ADA)
instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/
As I remember, Binance Smart Chain works from 2017 and Polkadot launched only one year ago and parachains are launching only now, during this summer, so I think that it is just a question of time. I believe that one day Polkadot will be as popular as Binance Smart Chain now. I am doubting if it will be able to compete with Ethereum, but it must be popular.
Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but It is already Home of 197 projects those are working on its networks and many more willing to join it.
This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
This is very funny and I've never dreamt about it. Where is polkadot when it comes to market caps. This is a way developers had been using to attract investors in investing in there project. Many of this projects that is being agigated over the internet might not even be that successful at the later time. Polkadot might still do better but not to compete with it's Ethereum which we all know that it's still have greater tendency of going far. This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
Dot working very well and no dout Dot project have a bright future now Dot price is not too much and also in buying range so buy it now and hold for future we can see dot on 100$ in this year
I don't think ethereum will compete with coins like polkadot, and not allowing polka dots to be a killer for ethereum because Gavin Wood designed Polkadot to be able to work in parallel with ethereum and side by side with other altcoins
From the results of my personal audit, after I studied charts from 4 decades that have passed, there seems to be no sign that polka dots will step past the selling price of more than the price of Ethereum. there are still many who like it to invest in polka dots maybe because the price is affordable by investors
Polkadot is hyping since last year but does not show any tendency in making it up to take Ethereum position though there are 2 coins that make as close and those are.
Binance (BNB)
Cardano (ADA)
instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/
Binance (BNB)
Cardano (ADA)
instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/
As I remember, Binance Smart Chain works from 2017 and Polkadot launched only one year ago and parachains are launching only now, during this summer, so I think that it is just a question of time. I believe that one day Polkadot will be as popular as Binance Smart Chain now. I am doubting if it will be able to compete with Ethereum, but it must be popular.
Polkadot is hyping since last year but does not show any tendency in making it up to take Ethereum position though there are 2 coins that make as close and those are.
Binance (BNB)
Cardano (ADA)
instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/
Binance (BNB)
Cardano (ADA)
instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/
I do not think polkadot will take the place of ethereum even if its idea is good in general but when eth 2.0 will come then the eth fee problem will be gone and this will increase the use of the plateform more because now some holders are swaping their eth for other cryptos before withdrawing them so it will oncrease the daily volume and the price as well.
Yes, the development of polkadot is good, but it could be because many people are temporarily shifting their assets from ETH to other coins, while waiting for a solution to the problem of fees, and the most awaited solution is the launch of ETH 2.0. 
Polkadot is a great altcoin, and has potential because for years we have seen it still in the top 10 on coinmarketcap. everything is easier for polkadot/DOT because with its utility, But in this case i would say that it is impossible to beat Ethereum because Polkadot still has to do more things for its development in order to take over Ethereum. in other words that ethereum is hard to compete with any altcoin.
Polkadot is a great smart contract platform. But it's lacking behind other alternatives in terms of mainstream adoption. Developers are making most dApps on Binance Chain and Ethereum than Polkadot itself. Even Polygon (MATIC) is gaining traction these days. It seems that the "DOT hype" has ended, leaving the cryptocurrency behind the dust. If the team doesn't bring something exciting to the project, it won't be going anywhere.
Considering that no other competitor has been able to "beat" Ethereum, Polkadot will remain as an alternative smart contract platform for those who need it the most. The more competitors there are, the smaller the load on the ETH blockchain will be. Instead of focusing on "killing" or "replacing" Ethereum, projects should focus on working together to make crypto land a better place. Time will tell us whenever Polkadot will become a success or a failed experiment. Just my thoughts
hero member
Activity: 1540
Merit: 812
Leading Crypto Sports Betting & Casino Platform
Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but It is already Home of 197 projects those are working on its networks and many more willing to join it.
This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
In general, Polka Dot has a good value to be developed at this time, with the various governances they have developed, but currently Polka Dot is still less attractive to some people, these shortcomings must be overcome from now on to gain public trust in using their transactions.
I'm sure Polka Dot can exist in the future, if the existing shortcomings continue to be developed, but to reach the top 3 in the market cap is still far for them to pursue, currently people understand more about the condition of investors regarding the development of a project that is being initiated, but the problem is that investors believe it or not with the development.
Polkadot is a great altcoin, and has potential because for years we have seen it still in the top 10 on coinmarketcap. everything is easier for polkadot/DOT because with its utility, But in this case i would say that it is impossible to beat Ethereum because Polkadot still has to do more things for its development in order to take over Ethereum. in other words that ethereum is hard to compete with any altcoin.
In general, we can explain a little more that Ethereum has not been beaten by polka dots even though polka dots try to beat the price of Ethereum in general but it is impossible even to standardize the price on the crypto market, as you explained above the Ethereum network has many excellent projects so to equalize it is difficult, but it will always be below Ethereum.
Ethereum is arguably the strongest Blockchain for altcoins and when the V2 gets introduced which is likely going to be on a proof of stake algorithm, the problems of slow speeds will be effectively tackled. That way even some new Defi ptojects will opt for the ETH v2 Blockchain over the polkadot blockchain. Since there will still be more innovative type of projects that aren't even NFTs and DEFi in the future, the ETH blockchain will remain valueable for a very long time.
Polkadot cannot kill ethereum because the DEFI niche in the crypto space is only a small section of what cryptos are about,
Polkadot cannot kill ethereum because the DEFI niche in the crypto space is only a small section of what cryptos are about,
I don't think that Polkadot will become the killer of Ethereum. the same EOS. in some aspects, it is better. than Ethereum, but it didn't destroy it. Ethereum will remain in the TOP 1 place of the platform for creating smart contracts for a long time.
Nothing is guaranteed in the cryptocurrency market. Ethereum has remained as the no.2 cryptocurrency ever since it managed to topple Litecoin from that position in 2015. But that doesn't mean that it's position is permanent. Ethereum was the first among the second generation cryptocurrencies. But now there are growing signs that it's technology is getting outdated. Ethereum is simply unable and incapable to keep up with the large rise increase in userbase.
Exactly. We all know that nothing lasts forever. I've seen cryptocurrencies come and go, as the market moves at a very fast pace. Everything depends on demand, more than anything else. So far, Ethereum has the most demand because of its large ecosystem of dApps, tokens, and services. The day when a competitor like Polkadot expands its ecosystem, will be such when ETH will lose its luster. That is of course, if ETH doesn't stay ahead of the game. If Ethereum scales according to mainstream demand, it will remain as the world's second-largest cryptocurrency by market cap. Polkadot and other ETH rivals will remain as an alternative than a replacement due to their low level of adoption in the mainstream adoption.
Don't get me wrong, though. Polkadot is a great project with ambitions to make the decentralized web a better place. It's just that the competing smart contract platform has a long way to go before it'll be able to catch up with Ethereum. Saying that Polkadot is going to "kill" Ethereum is like saying Ethereum is going to "kill" Bitcoin. Only time will tell us which cryptocurrencies will survive and which will go down the drain. Just my opinion
Maybe in recent times Polkadot has indeed shown very good progress, for me personally, until whenever ethereum becomes a giant in the world of cryptocurrency and it will not be easy if someone has the potential to replace its position, and there is no way that ethereum will remain silent if their position is shifted, they have a team. professionals who are sure to innovate to keep them at the level they have been working hard for.
People who try to compare two coins prices are doing the wrong thing. Even if you are all-in for Dot that doesn't mean that you should want Dot to kill ethereum, that is not good for the market and never really helped anyone in the long run. If you know what you are talking about you would want ethereum to be high, as high as possible, so that Dot would be high as well, and you could make a profit.
So, even if you spent all your money into buying DOT, there is no reason why you should want ethereum to fall, those two things are not correlated, you do not end up being higher just because something is lower, in fact just the opposite DOT goes up when ETH goes up and DOT drops when ETH drops. Which means as a DOT holder you should want all of the other coins to go up as well, eth, bnb, ltc, doesn't matter which coin all should go up so that we could profit all together.
So, even if you spent all your money into buying DOT, there is no reason why you should want ethereum to fall, those two things are not correlated, you do not end up being higher just because something is lower, in fact just the opposite DOT goes up when ETH goes up and DOT drops when ETH drops. Which means as a DOT holder you should want all of the other coins to go up as well, eth, bnb, ltc, doesn't matter which coin all should go up so that we could profit all together.
Jump to: