Is Polkadot going to Kill Ethereum? - page 7.

kesmex

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Quote from: Congyang on February 01, 2021, 05:57:44 PM

Many predictions say there will be a lot of coins that can kill Ethereum but the reality is that until now Ethereum is still too strong. Even though the current polka-dots are good and potential but Ethereum is still too strong to beat

That's right, I think that it will only be in vain because right now, Ethereum is still in second place,
what is certain is that if there is a coin that is trending up it is not necessary to predict that it will overturn ethereum,
because it is absolutely impossible to be able to shift ethereum,
apart from that all polkadot are indeed interesting enough for us to follow its development and to what extent will the coin grow

Congyang

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Many predictions say there will be a lot of coins that can kill Ethereum but the reality is that until now Ethereum is still too strong. Even though the current polka-dots are good and potential but Ethereum is still too strong to beat

stadus

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Every coin that is in the top 5 might already have this kind of thread, except for USDT (I think).

The possibility is always there but ETH is just too huge now compared to the coin behind it, for now XRP is next to ETH with only $18 billion marketcap while ETH already at $150 billion.

Per record in CMC, DOT has only $14 billion, so it's just less than 10% of ETH's marketcap, it's a tough battle if it aim to kill Ethereum.
The number speaks for the reality, we can't deny it.

valek.bruno

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Quote from: sgenuine on February 01, 2021, 04:08:36 PM

Polkadot has a protocol for blockchain communication. Developers decide for themselves what transaction fees to charge and when to confirm transactions.
This is very convenient, but despite the popularity and advantages of Polkadot, it will take a long time to become a full-fledged competitor to Ethereum.

Yes, a very correct remark, but the main thing in tokenomics, because it is tokenomics that gives value to the PolkaDot coin. Therefore, it is necessary to talk about tokenomics.

sgenuine

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Polkadot has a protocol for blockchain communication. Developers decide for themselves what transaction fees to charge and when to confirm transactions.
This is very convenient, but despite the popularity and advantages of Polkadot, it will take a long time to become a full-fledged competitor to Ethereum.

AssociatesBumble579

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Please do not compare with Grandfather and Grandson, everybody knows about ETH growth value, on the other side Polkadot just started their journey last month, obviously, DOT is a profitable coin, maybe Polkadot will be on the rise in the future but ETH already leading in cryptomarket. I think it's quite impossible for Polkadot to kill Ethereum within short period.

valek.bruno

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Sorry for interfering, but I fully support Polkadot. Compared to Ethereum, DOT has excellent tokenomics and the value of the token is immediately explicable by means of lock for parachains. As for ETH, the only thing coins are needed for is to transfer funds.

kindbtc

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Quote from: Sayeds56 on December 10, 2020, 12:54:48 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.

One of the main person behind polka dot is the former perhaps co-founder of ethereum so im sure he is not here to kill other projects because he must know how the market works, i do regard polkadot as an innovative and advanced project but it will not be able to kill ethereum though it is an outstanding addition in the market.

JNR

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until now i see there is no altcoins going to kill ethereum, even the rising start in crypto world called polkadot
i like this coin, but i never think this coin will kill ethereum my friend

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Quote from: cryptoknightt on January 30, 2021, 01:13:59 PM

you mean polkadot will completely replace ethereum? I think not even though Polkadot will develop further still eth will be known as the first smart contract maker and if polkadot is monitored 100 $ maybe eth will be at 5000 $ later.

That might be the actual scenario to happened after that certain point in terms of value, Polkadot is gaining but also Eth doing the same and with lots of supporters and investors who continue to value this coin, it's still far from being replaced as the 2nd top project inside this market,.

Quote from: Fivestar4everMVP on January 31, 2021, 04:13:48 PM

In a simple reply, I did say No, polkadot is never going to kill eth for whatever reason or reasons, but I do believe that the project will do well even more than its currently doing, but when it coming to killing eth, it is just some kind of a joke, and just like some posters already said, polkadot posses absolutely no threat to ether, eth will be here for a very very long time.

Indeed, the good thing is to catch out the pump and enjoy the benefits, instead of thinking of it as a replacement of ETH success
treat it as investment asset then enjoy the benefits.

Fivestar4everMVP

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In a simple reply, I did say No, polkadot is never going to kill eth for whatever reason or reasons, but I do believe that the project will do well even more than its currently doing, but when it coming to killing eth, it is just some kind of a joke, and just like some posters already said, polkadot posses absolutely no threat to ether, eth will be here for a very very long time.

Imran232

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Quote from: Sayeds56 on January 30, 2021, 09:01:50 AM

There are Huge number of Projects using Polkadot network to create smart contracts, please open below given link to know more about progress/development Polkadot accomplished, during 2020.. The beauty of the network is it uses Multiple chains concept to execute transactions which reduces transaction time substantially. Its popularity is growing with every coming day.

https://polkadot.network/polkadot-2020-roundup/

Well, you are right that lots of project comes in Polkadot blockchain network. And also polka dot generate a huge amount of market cap volume. But that's not enough to compete with a project like ethereum. Firstly you have to understand that if polkadot network choose lots of project then othersite lots of project also choose ethereum network. So here is a huge competition and you choose a moutain hill type competitor like ethereum which is world 2nd largest market cap volume generated project and people's 2bd choice and trusted crypto project. So it us nit easy. But in this place we can say both are best from their own place. I hope you must be satisfied with my replied.

k@suy

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Quote from: Novatech8 on January 30, 2021, 03:55:11 PM

The KiLL part is where I don't get, If XRP killed after Polkadot took over it's position? The fact is Polkadot have lots to do if the project teams really have in mind to defeat Ethereum, I'm not going to say it's impossible but Im sure it's going to be a very tough thing to achieve

I think it is more possible for polkadot and eth to be compared. polkadot offers blockchain system as well same as eth, few projects are switching to polka for faster transaction and less fees, and yes it is possible to surpass eth with polkadot. but it will takes some time, it will not go easily but if they want to become number two coin they need to provide good quality services and they need to provide news that can elevate their number of users and investors.

kapalmabur

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Quote from: Novatech8 on January 30, 2021, 03:55:11 PM

The KiLL part is where I don't get, If XRP killed after Polkadot took over it's position? The fact is Polkadot have lots to do if the project teams really have in mind to defeat Ethereum, I'm not going to say it's impossible but Im sure it's going to be a very tough thing to achieve

Achieving that is a very difficult goal to achieve, it is true that Polkadot is one of the Ethereum killers,
but not only Polkadot can kill Ethereum, many other candidates such as Waves, Qtum and also Tron. Look, to be honest I'm not a fan of Ethereum,
but if you look at the existing ecosystem, Ethereum is one of the best altcoin projects so far, yes, I'm sure Ethereum will always stay in second place.

Novatech8

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The KiLL part is where I don't get, If XRP killed after Polkadot took over it's position? The fact is Polkadot have lots to do if the project teams really have in mind to defeat Ethereum, I'm not going to say it's impossible but Im sure it's going to be a very tough thing to achieve

care2yak

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Quote from: Zeehaxan on January 30, 2021, 01:18:57 PM

Quote from: Sayeds56 on December 10, 2020, 12:54:48 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 do not need to create comparison posts with each new project against btc and eth. As far as the project provides more utilities and innovation in crypto market and help in mass adoption we should support it and i do not think a new project can replace long rooted established projects.

I agree with you. I don’t get why one framework should kill the other. These projects are all emerging solutions geared towards making the exchange of digital information secure and efficient. Each have their own contribution and whatever weakness is discovered on one framework, another framework will attempt to solve. They’re all working in the same space and whatever innovation one comes up with, another will try to improve. I think that’s healthy for this dynamic space.

when it comes to the tokens, they’re all speculative tools. What drives demand for a certain token? Coin features, a good press release (hype), use case, drama (lol), a famous person’s recommendation, community support, etc.

So let’s forget about killing and just support those projects that have significant contributions in crypto space.

Zeehaxan

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Quote from: Sayeds56 on December 10, 2020, 12:54:48 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 do not need to create comparison posts with each new project against btc and eth. As far as the project provides more utilities and innovation in crypto market and help in mass adoption we should support it and i do not think a new project can replace long rooted established projects.

cryptoknightt

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you mean polkadot will completely replace ethereum? I think not even though Polkadot will develop further still eth will be known as the first smart contract maker and if polkadot is monitored 100 $ maybe eth will be at 5000 $ later.

dupee419

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You can call out investors all you want but thinking about beating Ethereum is a joke if that's the main reason on why Polkadot is established, Ethereum has worked its way to the top, also for other coins, Polka has reached that price already, that's honestly not bad, but I'll be waiting in the next few months and see if they'd be consistent or a one hit wonder, I'm not against Polkadot, I'm just saying not to overhype it that much, it's still too early.

WaqasBlaze

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I don't think so, There are lot more project in Etherium,

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