Is Polkadot going to Kill Ethereum? - page 15.

CaVO32

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Quote from: DarkDays on December 10, 2020, 01:50:04 PM

Polkadot has its own efficiencies and while many projects stemmed from it, many of which acted as validating Polkadto's value to the community which was expressed in the token price and market dominance I still think ETH2.0 is something more valuable. While it is true that ETH2.0 is in the making, because it is the earliest blockchain I think people will likely side with it over something that's relatively new like Polkadot. Similar to how BTC Cash hasn't taken over BTC, with BTC being the 'Gold standard' of crypto, ETH is the standard of blockchain.

If a particular network is trying to compete or overpower eth, they will have long journey to even get the same popularity of eth usage. And eth team is still active and continuously improving their platform, so I don't think a new network can even surpass their journey at the moment. But it is good for the market to have other options as it will create competition and they will do their best to serve the community. Now, it is up to the developer where they will build their project according to their priority of needs.

koang

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Polkadot is essentially a fast-tracked version of Ethereum 2.0.
This is probably why Polkadot supporters often use the phrase "Ethereum killer" to describe Polkadot.
There are only little issues with Polkadot, a lot of people still have trouble understanding Polkadot but the Polkadot team seems to care less about the user experience than it should be, given the complexity of the project.

Sayeds56

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Quote from: jacafbiz on December 10, 2020, 01:36:40 PM

I am just looking at the project on Polkadot, the quality of projects on Polkadot is more important to me than Polkadot platform itself, look at all the Ethereum Killers in the space, starting from EOS, Tezos, Cosmos etc all have failed to attract good projects on their platform and these Dapps are what help drive up exposure to the blockchain

Well said. Without going into much Technical details, Polka dot is very young altcoin and was listed on Binance exchange few months back , In this very short period the value of DOT has soared more than 100%. What is more fascinating about Polka dot that Trading volume has grown exponentially.

DarkDays

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Polkadot has its own efficiencies and while many projects stemmed from it, many of which acted as validating Polkadto's value to the community which was expressed in the token price and market dominance I still think ETH2.0 is something more valuable. While it is true that ETH2.0 is in the making, because it is the earliest blockchain I think people will likely side with it over something that's relatively new like Polkadot. Similar to how BTC Cash hasn't taken over BTC, with BTC being the 'Gold standard' of crypto, ETH is the standard of blockchain.

jacafbiz

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I am just looking at the project on Polkadot, the quality of projects on Polkadot is more important to me than Polkadot platform itself, look at all the Ethereum Killers in the space, starting from EOS, Tezos, Cosmos etc all have failed to attract good projects on their platform and these Dapps are what help drive up exposure to the blockchain

Sayeds56

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Quote from: target on December 10, 2020, 12:30:03 PM

Home of 197 projects!! You should really put the list of them or just the link to where we find these data. You know, there are also lots of projects claiming to be an ETH killer right? I hope there won't be any congestion to polkadot as well because ETH is just unbearable already that transactions are all pending.

Is it too early for Polkadot to be listed on Dappradar?? If Dot will be there, it will be easy to compare among the rest.

https://www.polkaproject.com/

Sterbens

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It's very difficult to weather the storm from Ethereum, we can all see that it's not only Polkadot who has dreams of growing Ethereum. but still Ethereum is much more effectively traded. In fact, Polkadot promised various sources of supply from the 197 projects it is currently developing. I am not very satisfied with that.

target

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Home of 197 projects!! You should really put the list of them or just the link to where we find these data. You know, there are also lots of projects claiming to be an ETH killer right? I hope there won't be any congestion to polkadot as well because ETH is just unbearable already that transactions are all pending.

Is it too early for Polkadot to be listed on Dappradar?? If Dot will be there, it will be easy to compare among the rest.

amishmanish

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Who are these "investors" that drive the price up??

Do we ever get to know the names, faces or institutions behind these price rises. I am not saying that "Polkadot" is your typical run-of-the-mill project. It has a lot going for it with big names backing it (including, apparently, the cofounder of Solidity). It also has a lot of community led initiatives. Yet, the price rise is only because of the exchanges and the day traders exploiting those interested in it. Like every other project out there, these have a founders or initial team with a major share of the tokens already. To participate in the so-called governance in any significant way, you already need to be one of the big holders which means you need to be someone who either bought cheap at entry (with the sole purpose of selling at a target price). Thus, this is pretty far from a fair launch.

What they have going for them is their grants program to support developers on their chain. Yet, without sufficient interest and large enough community, they are also being run by a small group of interested individuals. Such a situation will always be the one where the interest of few will be above the general interest.

So even though they are trying well, I don't think Polkadot poses any threat to Ethereum.

Sayeds56

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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.

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