Pages:
Author

Topic: Polkadot can take place of Ethereum? (Read 1071 times)

hero member
Activity: 1876
Merit: 512
December 07, 2020, 11:09:19 AM
For now, Polkadot seems to be a better technology than Ethereum but the issue is that the two is too aligned, there is no way Polkadot succeeded at the scale of Ethereum that Ethereum won't lose its appeal to developers. Ethereum is still enjoying its first mover advantage for now but if the Ethereum 2.0 migration becomes successful then this is the end for all Ethereum competitors. I want to see developers being incentivize to build on other chains
hero member
Activity: 2478
Merit: 512
Leading Crypto Sports Betting & Casino Platform
December 07, 2020, 11:08:23 AM
Polkadot offers better scalability than the ethereum blockchain. It offers relay chain, cross-blockchain features, forkless network, decentralized governance and all these are not available in the ethereum network. Actually, Polkadot offers all the solutions to those problems that the ethereum network can not. So many projects are using the Polkadot network. Do you think Polkadot is really Ethreum killer?


Indeed Polkadot is one promising interoperability project.  Like ethereum, it intends to add more superior Blockchain projects, perhaps. considering that one of the core ethereum teams is supporting the Polkadot project.  However, it can't be denied that ethereum plays an important role for many Blockchain projects that use Ethereum smart contracts, obviously there will be tough competition between polkaDot and Ethereum in progress and development
full member
Activity: 1258
Merit: 104
December 07, 2020, 11:07:58 AM
Hmmmmm...... The chances of polkadot taking ethereum place is very small and the reason is that ethereum has gain enough ground, so comparing ethereum with a new project is not so good. Polkadot is a new project that can fuck up anytime.
That's right, Polkadot is a new project that could fail at any time, while ethereum will certainly not fail again because it already has a lot of enthusiasts and many places that are willing to accept it very well.
hero member
Activity: 1498
Merit: 586
December 07, 2020, 10:41:22 AM
Even I believe that Polkadot cannot replace Ethereum. It is the number one blockchain in cryptocurrency ecosystem. Even Polkadot is potential and gaining popularity and competing Ethereum, it will not defeat Eth. There still more people who are optimistic and believe in Ethereum especially now that Eth 2.0 airing in crypto sphere.
A lot of new chain networks are being created aside from eth, we now have the polkadot and binance smart chain. These two are the biggest competitors of ETH now, but they are new and most of the projects now are still using eth rather than creating new chain using polkadot nor bsc. If polkadot can show its pitch and many projects will use this to create smart chain maybe it can replace the congested eth network and also a chain having a big fees, let's see I still believe in polkadot and bsc as well. I know an exchange who uses these three.
member
Activity: 658
Merit: 10
Rangers Protocol
December 07, 2020, 10:33:58 AM
So I can say from personal experience that Polkadot will never be able to replace Ethereum.

Even I believe that Polkadot cannot replace Ethereum. It is the number one blockchain in cryptocurrency ecosystem. Even Polkadot is potential and gaining popularity and competing Ethereum, it will not defeat Eth. There still more people who are optimistic and believe in Ethereum especially now that Eth 2.0 airing in crypto sphere.
hero member
Activity: 2366
Merit: 504
December 07, 2020, 10:19:03 AM
#99
All that quirks and features goes to waste if no one using it. Although polkadot market cap can be considered big but to take the place of ethereum it needs the acceptance ethereum has to the point where using erc20 is the norm among many new projects which Polkadot has yet to achieve that.

 However, if there's any rival to ethereum I think it's not xrp but polkadot but that's just my opinion
full member
Activity: 1358
Merit: 100
December 07, 2020, 10:12:59 AM
#98
Polkadot is new I don't think this will be the eth killer even they offer better than ethereum. There were many altcoin project trying to down ethereum like EOS but till now nothing happens. Let's just give a year or two for polkadot to take place ethereum because it is really new but I bet it will not happen.
member
Activity: 116
Merit: 10
December 07, 2020, 10:03:52 AM
#97
Although I don't know much about cryptocurrency, I know it fairly well, since I've been associated with cryptocurrency for almost four years.
So I can say from personal experience that Polkadot will never be able to replace Ethereum.
full member
Activity: 812
Merit: 100
December 07, 2020, 09:24:20 AM
#96
There are already quite a number of projects that have confidence in dealing with Ethereum, but until now, even a project like BNB has not been able to beat ethereum. Well, maybe anything can happen in the cryptocurrency world, but I think it's too soon to draw such a conclusion.
many have promised to replace Ethereum so they can attract investors. but in reality at this time the project that was rumored to be inferior to ethereum and not yet capable. so it is a basic speculation issue to just get investors and raise money
member
Activity: 608
Merit: 10
December 07, 2020, 08:37:05 AM
#95
Hmmmmm...... The chances of polkadot taking ethereum place is very small and the reason is that ethereum has gain enough ground, so comparing ethereum with a new project is not so good. Polkadot is a new project that can fuck up anytime.
sr. member
Activity: 1008
Merit: 250
November 22, 2020, 10:28:09 AM
#94
A few undertakings are additionally saying that they will be Ethereum executioners. one of them is TRON. in any case, actually, Ethereum presently can't seem to be dropped by different undertakings. I think this venture is publicity however suddenly as of late the Project had the option to rank in the best 10 in the CMC Market. this demonstrates its value as the top crypto, anyway anything can occur in the crypto market however I am as yet idealistic that the Ethereum undertaking can keep going long in the top market.
hero member
Activity: 2576
Merit: 586
November 22, 2020, 09:47:30 AM
#93
Many projects trying to find solutions for ETH and BTC scalability. It means that those projects are important. you couldn't call them Killer.
Agreed. From what I have learned about Polkadot they actually solve a real problem and allow cross chain transfers of tokens. I am still learning about this cool project and seems like it has real potential and calling it ETH killer is actually wrong because they are not forcing anyone to invest, I saw they call it ETH killer in this article I read quite sometime ago, which actually tells a lot about DOT - https://www.bloombergquint.com/business/ethereum-blockchain-killer-goes-by-unassuming-name-of-polkadot

The OP view is the Polkadot had potential over Ethereum and it replaced the Ethereum.And all the new crypto project will make a aim of Ethereum as their goal. But still now no project had reached his goal.
That's the problem we are trying to replace projects while the approach should be to look at them as options and alternatives. I mean DOT has it's own qualities while we must never forget who gave us the smart contracts and everything, it was indeed Ethereum.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
November 21, 2020, 02:03:53 PM
#92
Ethereum's current price is $540 and is likely to continue rising. The fluctuation was quite positive, on the other hand polkadot also increased, but not significantly. In terms of investment, Ethereum has far outperformed polkadot

Polkadot  has just entered the market and gained the number 8th spot which is impressive. Ethereum on the other hand has been for many years and is on the number 2 spot in coinmarketcap.
I don't think in the short term Polkadot can be at the place of Ethereum but it does have the potential to be the next ethereum.
hero member
Activity: 1876
Merit: 512
November 21, 2020, 01:50:22 PM
#91
Polkadot need to incentivize developers to start working on their blockchain, if you think because your technology is good that means people would come then you are deceiving yourself, this is the mistake made by Tezos team and developers seems not to be interested to develop anything on the chain. Solano and Serum is a good move, and Polkadot need their own huge Dapps
full member
Activity: 1890
Merit: 101
November 21, 2020, 01:34:45 PM
#90
I dont think so,there is no way that polkadot can take place of ETH,ETH is a old man that had survived in the market for several years, and Polkadot is just a newcomer.
^ your comparison is very good between newcomer and old man. Cheesy

More specifically, from a usage point of view, Ethereum demand is still increasing in the market despite the volatile gas fees. Ethereum can't be swept away by Polkadot which still doesn't have a real & good market demand.
legendary
Activity: 1540
Merit: 1002
November 21, 2020, 01:24:55 PM
#89
Ethereum's current price is $540 and is likely to continue rising. The fluctuation was quite positive, on the other hand polkadot also increased, but not significantly. In terms of investment, Ethereum has far outperformed polkadot
full member
Activity: 134
Merit: 100
November 21, 2020, 01:14:03 PM
#88
I dont think so,there is no way that polkadot can take place of ETH,ETH is a old man that had survived in the market for several years, and Polkadot is just a newcomer.
member
Activity: 687
Merit: 11
November 21, 2020, 11:20:39 AM
#87
I don't see Polkadot taking over ethereum anytime soon, ethereum will surely maintain its position on because in no ways can ethereum be compared to Polkadot.
sr. member
Activity: 1190
Merit: 250
Buzz App - Spin wheel, farm rewards
November 21, 2020, 10:59:37 AM
#86
It's too much if polka dots will kill ethereum, I think there are a lot of issues like this, like TRON. but unable to deal with ethereum. so this won't happen
sr. member
Activity: 1050
Merit: 250
Revolutionizing Reward Points
November 21, 2020, 10:56:47 AM
#85
with so many competitors who will kill ETH, but ETH still survives with all its shortcomings,
the evidence is that until now ETH has persisted and its prices have increased from time to time,
and even with ETH v2 maybe ETH will continue to improve its existing shortcomings .

thats right, a lot of project want to kill ethereum but tha fact they can't, because as we can see ethereum still stand as the king of altcoins until now
and today ethereum getting stronger, because the price is growing really hard
Pages:
Jump to: