Topic: Is Polkadot going to Kill Ethereum? - page 6. (Read 2670 times)

I question that DOT would basically kick ETH off the too. Despite the fact that we see Polkadot rising and scaling the rankings, its only excessively far from Ethereum. Volumes on trades are unreasonably tremendous of a distance. In any case, props to DOT for making it this a long ways ahead in the opposition.

DOT still has to show a working concept from their ecosystem. So far, it’s just the Binance Smart Chain that has shown what bep20 does and how much it costs to move funds using their network. Indirectly, I suppose that this also credits cosmos since the bsc is built from cosmos and tendermint. If polkadot can be more efficient that bsc, and have that many dapps running on its network without having the outrageous gas fee, then Polkadot can be better than Ethereum. At the moment, it’s the Binance Smart Chain that’s a threat to Ethereum

If we are talking about possibilities then it's yes maybe.

But what we are currently seeing is there are more ETH supporters who are partying with how this coin rise, though the gas fees are really affecting small players, but since the chain was mostly used, the rise still moving. Currently there might be a some corrections from the whole market, we don't know what is coming after.

Polkadot still has a long way to go before it matches ethereum. In fact, ADA and BNB are also talked about matching ethereum. but I think ethereum will still be the best altcoin compared to other assets for me. DOT is now popular but we won't know if the DOT market will last long or just take advantage of the bull market.

It is possible that polka-dots will compete with Ethereum and it is also possible that polka-dots will beat ethereum. The reason I say that is because polka dots were created by Ethereum co-founder Gavin Wood, thus he has every means to raise the price of polka dots over ethereum.

What kind of belieeve do you mean? Can't we now see that a lot of people really believe in polkadots?
polkadot has survived to this day in the top 10 market cap, this is proof that many people believe in polkadot and are just waiting for polkadot to be massively adopted

although polkadot has the better and latest updates from ethereum. But for now, in terms of volume strength, ethereum is still stronger than polka-dots. It's just how polka-dotted can fight Ethereum from that side

The possibility of surpassing Ethereum can be seen from the technicality of the polkadot who have their own way of surpassing Ethereum..
But it all has to be full of struggles because it has to convince many people who actually still believe in Ethereum based projects..

It additionally has a great deal of local area drove activities. However, the value rise is simply because of the trades and the informal investors abusing those intrigued by it. I question that Polkadot could beat the Eth that simple for most financial backers would prefer to remain with the one that has effectively a set up establishment as opposed to attempting another one which could place them into hazard for the subsequent time.

Your opinion is very nice and balanced  opinion, indeed. The beauty of Polka dot network is its Multi-chain network that makes transaction speed faster and less costly. Its clients and community are growing with every coming day. It has shown massive growth during the past month and continues to grow.. Its current price is around 31$ and Technically, it is  in uptrend. Some technical analysts predicting its price in 3 digits. You never know what tomorrow brings for you. Crytpo space always comes with surprise.


  

Polkadot will never be able to compete against Ethereum, because it doesn't have a solid ecosystem of dApps and tokens behind it. The reason why Ethereum is still the leader is because most projects are built on it. Besides that, the ETH blockchain is one of the most decentralized ones in the world today. No matter how many features a project has, it'll never be able to compete with Ethereum if it's missing two key elements: mainstream adoption, and decentralization. The DOT token's sudden rise is largely attributed to the "De-Fi" craze which began since the COVID-19 pandemic took the world by storm. It could all be over once the hype comes to an end. I believe that Polkadot will end up like many other ETH competitors in the long run, unable to overcome Ethereum in market cap and mainstream adoption. Who knows what will happen in a few years from now?

Nonetheless, I still believe Polkadot is a good project. It might be able to stand the test of time if developers, and the community support it every step of the way. Instead of replacing Ethereum, Polkadot could become a viable alternative for those looking into saving off transaction fees and reducing wait times. People will be able to select from one blockchain to another depending on current network load. Let's hope Polkadot and Ethereum work together in order to make crypto/Blockchain land a better place. Just my opinion

Polkadot should worry about Cardano instead .

Ethereum is unkillable .

I thought, there is a possibility for blockchain technology to emerge and become the Ethereum killer, but the question is how likely is that? Polkadot, another coin might be a threat to Ethereum but I don't think that's happening anytime soon. In the real use case ethereum still has many advantages be it price, platform, community, developer performance and other advantages that ethereum has.

Big people have big plans for using Ethereum for their big goals. And Polkadot will take a very long time to at least come close to Ethereum in terms of cost. Nevertheless, the Dot coin gives great hopes and shows good dynamics and development, which is liked by many investors.

Polkadot may surpass Ethereum in terms of network activity/transaction volume. But it'll never be able to take its place as the second-largest cryptocurrency by market cap. Despite the high fees and slow transaction confirmation times, Ethereum is still the most popular smart contract platform in the world. The ever-rising number of dApps, and tokens speak for themselves. Polkadot is going to have a hard time trying to become the leader of the smart contracts space, since Ethereum still dominates a large portion of the market. Developers seem to be inclined towards Ethereum because of its decentralization and censorship-resistance. No other smart contract platform is as secure and reliable as Ethereum is. Besides, many projects that claimed to be the next "Ethereum Killer" have failed in the long run. What makes Polkadot any different?

Nonetheless, the odds of Polkadot "killing" Ethereum are very slim. It's like saying Ethereum will "replace" or "kill" Bitcoin in the long run. Polkadot may only rise to become the world's third-largest cryptocurrency by market cap after Ethereum. For what I know, anything can happen in this strange and bizarre world of crypto. Either DOT succeeds or go all the way down the drain like the rest of ETH's competitors. At least, there's healthy competition in the crypto/Blockchain space. Just my thoughts

I doubt that DOT would simply overcome ETH. Even though we see Polkadot rising and climbing up the rankings, its just too far from Ethereum. Volumes on exchanges are far too huge of a distance. But props to DOT for making it this far ahead in the competition.

eth has strong team continuously developing their platform and so with the other platforms. however, the difference is how popular it is in the crypto community. thousands of projects are based on eth network, though not many are working or functional, still it would take time for polkadot to attract projects to be built under their network.
right now, not many people know how to create project under DOT. remember, in eth, there are even tutorials on how to create your own smart contract in one hour. so let's see how practical it is to build project under DOT. let us hope this will not be another breeding ground for scammers..lol but right now, dot is not going to kill eth.. still far from happening

Ethereum, Polkadot, Binance  chain, Tron and many other Networks are used to create smart contracts , Apps and dApps. Their use case is almost similar to each other but there is no doubt that Ethereum is very popular coin and holds its Rank#2 on coinmarketcap since long time because of its edge to launch earlier. Technically speaking Polkadot is using concept of Multiple chains to execute transaction that is why its transactions speed is faster and its Developers are working day and night to make it a better network with more features at less cost whereas the issue of scalability on ethereum network remains unresolved. that is why it has jumped to Rank # 5 during 2020 and its price increased many folds.



 https://medium.com/the-capital/ethereum-vs-polkadot-a-comparison-219fa8d15460

What is even there to compete about? They aren't same thing and Ethereum is even older, Polkadot have good utilities too and I do hope they keep doing there best, Ethereum have a big place in our developers heart and I don't think that's ever going to change soon, if truly Polkadot is going to defeat Ethereum it's not going to be easy

Probably not, since it was more likely that ETH and DOT will collab instead of competing with each other