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Topic: Is Polkadot going to Kill Ethereum? - page 2. (Read 2646 times)

sr. member
Activity: 1232
Merit: 379
March 30, 2021, 07:18:28 PM
I do not know if you have been around for long, but "ethereum killers" are kind of a buzzword in crypto. NEO was going to be an Eth killer, then NEM, then Waves, then plenty of value went into a miriad of useless tokens... I my view the most serious issue that could affect Ethereum is its own success driving up fees. So the Ethereum strategists could actually be Ethereum killers.
Correct, among all the coins listed, EOS, ZEC, and many others, if ethereum team will change their way of transaction fee system, then it gonna remain top of altcoin, pokaldot is simply impersonating the features of what eth has and implementing more to it, in my own opinion, the game changer for ethereum is not yet be developed, we never know what the future may look like, but to me, it will take time for the industry to develop something more outstanding than ethereum and even pokaldot.
full member
Activity: 936
Merit: 100
March 30, 2021, 06:49:02 PM
The potential for polka-dots is huge to be able to overthrow ethereum, but currently it can't be confirmed because ethereum is still strong. polkadot should probably have a long time for that. the most important thing is that polka dots must make significant progress in order to achieve these goals, even though it will be very tough against ethereum
full member
Activity: 1004
Merit: 111
March 30, 2021, 06:22:17 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.

No doubt that the polkadot has showed an impressive performance in the market, and I was totally impressed. I just regret only that I didn't buy when it was 4$ each a coiple of months past only. It was quick actually and now look at the volume and its development. But it doesn't mean it can kill the Ethereum, of course not that's not going to happen..
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
March 30, 2021, 03:27:47 PM
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.

We can't deny the fact that Polka has a huge potential to be on top next to Bitcoin but I don't think it could beat or replace Ethereum that easily. It still has a lot to prove and surpass. There were actually lots of coins that attempted to kill Ethereum but none of them became victorious. There will surely be more altcoins that would attempt to beat Butcoin and Ethereum but I don't think they would succeed easily.

It is very difficult for DOT to replace ETH, it is like saying that a cryptocurrency is going to be better than Bitcoin, although ETH is much higher in history than DOT, I understand that for now DOT is going through a not very comfortable moment, at the Watching some news, I came across this analysis:



Quote
If the price turns down from this resistance, it will suggest the sentiment has turned negative and traders are selling on rallies. The bears will then try to sink the price below $26.50. If they can pull it off, the DOT/USD pair could extend its decline to the pattern target at $18.22.

source: https://cointelegraph.com/news/price-analysis-3-26-btc-eth-bnb-ada-dot-xrp-uni-theta-ltc-link

This gives me to understand that it is a nascent project, it is still difficult to determine what could happen, it is difficult to do a fundamental analysis, I think that it does not yet have the characteristics to compare it with ETH, much less kill ETH.
full member
Activity: 1708
Merit: 126
March 30, 2021, 02:09:43 PM
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.

We can't deny the fact that Polka has a huge potential to be on top next to Bitcoin but I don't think it could beat or replace Ethereum that easily. It still has a lot to prove and surpass. There were actually lots of coins that attempted to kill Ethereum but none of them became victorious. There will surely be more altcoins that would attempt to beat Butcoin and Ethereum but I don't think they would succeed easily.
full member
Activity: 1829
Merit: 134
Moderator
March 30, 2021, 02:03:32 PM
In general Ethereum will not die even though there are several projects that will compete with Ethereum, because before Polkadot in the crypto space, Ethereum was much stronger than others, so Ethereum will not be easy to die.
It's possbile too but not die, Basically people will seek Chain with much better Use Case. Ethereum was good but with today condition some alternative starting to rise and one of them is Polkadot, If ETH 2.0 or EIP 1559 was not implemented sooner basically Ethereum will dying slowly, Well it's all just a matter of time. Let's wait and see what will happen next.
legendary
Activity: 2310
Merit: 1598
Do not die for Putin
March 30, 2021, 01:46:27 PM
I do not know if you have been around for long, but "ethereum killers" are kind of a buzzword in crypto. NEO was going to be an Eth killer, then NEM, then Waves, then plenty of value went into a miriad of useless tokens... I my view the most serious issue that could affect Ethereum is its own success driving up fees. So the Ethereum strategists could actually be Ethereum killers.
full member
Activity: 1540
Merit: 102
March 30, 2021, 12:41:39 PM
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.
hero member
Activity: 1764
Merit: 696
[Nope]No hype delivers more than hope
March 30, 2021, 12:37:44 PM
As long as each development team continues to make improvements to close the gaps in weaknesses, as long as they are competitive with each other.

Keep in mind that to date more than 1k altcoins have tried to compete with bitcoin to be king in terms of price and one of them has overtaken, but it was only briefly and returned to normal. Ethereum has become popular even with many well-known marketplace, gamblers, and other services have adopted ETH as a 2nd payment option besides bitcoin.
hero member
Activity: 1316
Merit: 502
March 30, 2021, 12:20:14 PM
I really don't think it will kill ETH, but maybe also help it out because there are many projects like this that are using Polkadot. It's like building out other option for projects
In general Ethereum will not die even though there are several projects that will compete with Ethereum, because before Polkadot in the crypto space, Ethereum was much stronger than others, so Ethereum will not be easy to die.
Polkadot tries to compete only to make a little bit of profit in ethereum's network when the ethereum market is already too large, a few small factors that have not been sustained have made ethereum a negligence in holding projects and as you say, a grain of sand in profits is not enough to jeopardize the existence of ethereum. I'm even thinking of this as a stimulant to speed ethereum's growth, ethereum's heel is plugged too deep in this market, wanting to kill it is not easy, setting such a goal is just to let other altcoins have many aspirations to grow
hero member
Activity: 2296
Merit: 953
Temporary forum vacation
March 30, 2021, 11:04:27 AM
We don't need to rush to evaluate and compare these two coins just yet. It is necessary to wait for the Ethereum update or at least three more months until the problem of the high level of transaction fees on the ethereum network is resolved in July. It is not very correct to compare these coins when there are temporary difficulties in ethereum.
After the update within the framework of Ethereum 2.0, it will already be a completely different coin, with improved characteristics, and then it will be possible to compare it with others.

Even without the ETH 2.0 upgrade we all realize that it is not just about speed and fees. It has not been since 2017. Yes people will move to BSC and Polka, as they are doing now,,, but in the end the main developer talents lie at Ethereum and people still want the widest choice of options which is of course on Ethereum.
sr. member
Activity: 1078
Merit: 250
March 30, 2021, 09:45:10 AM
In my opinion, polkadot altcoins are altcoins that have great potential to be invested in in the long run, but it is highly unlikely that polka dots will kill etherem, because etherem is a very strong altcoin, and of course ETH will dominate the crypto market for much longer ,,,
Yes, besides that Ethereum is also much stronger than Polkadot which surprisingly immediately ranks in the top ten cryptocurrency rankings, but to beat Ethereum is not an easy matter for anyone especially for a new token whose development is still not long.

Ethereum is eternal. I don't see a single competitor who could surpass the Ethereum

Polkadot & Cardano? I don't think so
Even though it will not be eternal, to beat it will be very difficult because Ethereum is already strong compared to other tokens in the crypto space, so when Ethereum development starts to run again, in general it will be difficult to be overtaken by new tokens inside crypto space.
full member
Activity: 137
Merit: 118
March 30, 2021, 09:32:26 AM
In my opinion, polkadot altcoins are altcoins that have great potential to be invested in in the long run, but it is highly unlikely that polka dots will kill etherem, because etherem is a very strong altcoin, and of course ETH will dominate the crypto market for much longer ,,,
Ethereum is eternal. I don't see a single competitor who could surpass the Ethereum

Polkadot & Cardano? I don't think so
full member
Activity: 926
Merit: 100
March 30, 2021, 08:41:51 AM
In my opinion, polkadot altcoins are altcoins that have great potential to be invested in in the long run, but it is highly unlikely that polka dots will kill etherem, because etherem is a very strong altcoin, and of course ETH will dominate the crypto market for much longer ,,,
legendary
Activity: 3752
Merit: 1217
March 30, 2021, 08:23:31 AM
obviously polkadot will not kill, will not replace ethereum will be just one of the many worthy competitors who try to steal the first place of altcoins (after bitcoin of course) together with tron, eos, bnb but eth will still hold out 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.
sr. member
Activity: 2394
Merit: 267
Vave.com - Crypto Casino
March 30, 2021, 07:27:26 AM
In my opinion, Polkadot can't kill Ethereum. so far Ethereum is the leader in blockchain space smart contracts. The market capitalization of ETH is bigger. Even though it is polka-dotted with a concept that works with a shared protocol that will allow the Blockchain Network to work with Synergy but it is very difficult to kill Ethereum. Even before the advent of the polka-dotted many other altcoins were trying to weather the Ethereum storm but still couldn't beat Ethereum because ETH was still the king of altcoins.
yes, it is true that until now it is still difficult to make changes, let alone shifting from the altcoin ranking. ethereum is still the best choice to date and we cannot deny it. However, with the high cost of the ethereum platform, someone may try to innovate with cheaper and easier transaction costs.

because the opportunity is very open at this time because there is no change in high costs from ethereum.
It is not impossible with ongoing experiments and no good ethics from ethereum to reduce it, things could happen that change the use of the ethereum platform with other platforms, maybe of course the plan is not easy.
member
Activity: 1274
Merit: 12
March 30, 2021, 06:10:36 AM
In my opinion, Polkadot can't kill Ethereum. so far Ethereum is the leader in blockchain space smart contracts. The market capitalization of ETH is bigger. Even though it is polka-dotted with a concept that works with a shared protocol that will allow the Blockchain Network to work with Synergy but it is very difficult to kill Ethereum. Even before the advent of the polka-dotted many other altcoins were trying to weather the Ethereum storm but still couldn't beat Ethereum because ETH was still the king of altcoins.
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
March 30, 2021, 02:28:11 AM
polkadot team had amazing job lately and very strong competitor, that's for sure . competition is always beneficial. Also, bsc network is trying to compete ethereum. When the 2.0 update launches, ethereum will show it's power and will keep the leadership.
I also think that ethereum will not be replaced easily. not only polakdot, but BNB is also still quite difficult to replace ethereum's position. however, I still believe that the potential of ethereum isn't really out yet. Although polkadot is a good coin, however, it's still too early to think that polkadot can beat ethereum.
Polkadot, Cardano, and binance will overshadow ethereum. but not to take the place of ethereum. they have good development and a large community. competition in the market will remain, but ethereum will still be the strongest.

seems that Visa does not think that way, and they choose Ethereum network for their stable-coin transactions settlement, did not heard that they considered alternatives and killers

I am not saying that Cardano, Polkadot will not be successful projects, but they should be careful of losing their podium (2,3) spots to Binance, Solana, Cosmos, rather than thinking to kill Ethereum, which is a clear leader and has most innovations in the network, which brought new value, others mostly copy ideas
full member
Activity: 778
Merit: 100
SmartFi - EARN, LEND & TRADE
March 30, 2021, 01:47:27 AM
polkadot team had amazing job lately and very strong competitor, that's for sure . competition is always beneficial. Also, bsc network is trying to compete ethereum. When the 2.0 update launches, ethereum will show it's power and will keep the leadership.
I also think that ethereum will not be replaced easily. not only polakdot, but BNB is also still quite difficult to replace ethereum's position. however, I still believe that the potential of ethereum isn't really out yet. Although polkadot is a good coin, however, it's still too early to think that polkadot can beat ethereum.
Polkadot, Cardano, and binance will overshadow ethereum. but not to take the place of ethereum. they have good development and a large community. competition in the market will remain, but ethereum will still be the strongest.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
March 30, 2021, 01:39:56 AM
polkadot team had amazing job lately and very strong competitor, that's for sure . competition is always beneficial. Also, bsc network is trying to compete ethereum. When the 2.0 update launches, ethereum will show it's power and will keep the leadership.
I also think that ethereum will not be replaced easily. not only polakdot, but BNB is also still quite difficult to replace ethereum's position. however, I still believe that the potential of ethereum isn't really out yet. Although polkadot is a good coin, however, it's still too early to think that polkadot can beat ethereum.
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