POLKADOT - "The backbone of decentralized internet or the so called Web 3.0"

NeverSop

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Quote from: PalindromemordnilaP on October 23, 2020, 09:02:40 AM

Will you agree that POLKADOT is the most important public blockchains to launch post-Ethereum?

What are your thoughts?

I agree DoT is a highly scalable platform and cross-hybrid compatibility among other blockchains. But if said the most important, not yet. In part, Dot just came into existence not long ago, a guaranteed platform needs to be maintained, secure, and stable in order to draw the ability to assert its importance.
Dot has a huge boom this year with 10x, With Dot, just wait because it has not shown its full potential in adapting well for the long term. So it deserves a highly viable option.

Willitivity

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Quote from: PalindromemordnilaP on October 23, 2020, 09:02:40 AM

Will you agree that POLKADOT is the most important public blockchains to launch post-Ethereum?

What are your thoughts?

No. Polkadot is far from it. It always look like there is some new project that is out to replace ethereum but in hindsight, they're always off by a big margin. Polkadot is a good project but it's value proposition is not so good. It's not bringing much to the table except for the advertised blockchain interoperability feature it has.

Quote from: barabeku on February 19, 2021, 12:00:10 PM

Yes, I also think that Ethereum developers should hurry up with the update. Competition in the market is growing every day and projects such as Polkadot have every chance to take the lead thanks to the development of their own technologies. I think Dot still has a lot of surprises.

That is only if Ethereum 2.0 can live up to the hype it had garnered all this time.

Alai19

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As far as I remember Polkadot fired on the top of coinmarkecap very unexpectedly. But if you look through Polkadot blockchain-architecture you will find out that it’s very cool elaborated, provides quick transactions, low fees and have lots of interesting moments in blockchain that made it popular. If once something will happen to ETH Polkadot might easily replace it.

hatshepsut93

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This is just marketing hype same as we've seen with ICO or Ethereum itself. Loud statements that proclaim their technology as the next big thing, a promise of adoption by everyone in the world, countless use cases and so on, but what will actually happen? Look at Ethereum, it's almost 6 years old and no one actually uses it in real world for some automated stuff, all of its use cases are just more useless crypto speculation and scams like DeFi and ICO.

barabeku

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Quote from: PalindromemordnilaP on October 23, 2020, 09:02:40 AM

Will you agree that POLKADOT is the most important public blockchains to launch post-Ethereum?

What are your thoughts?

Yes, I also think that Ethereum developers should hurry up with the update. Competition in the market is growing every day and projects such as Polkadot have every chance to take the lead thanks to the development of their own technologies. I think Dot still has a lot of surprises.

PalindromemordnilaP

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Never visited my post for a quite some time and glad to hear about your comments guys. Yeah, it's really early to say about what Polkadot can deliver in the cryptoworld but its current position in the market place now and all the projects under its pipeline is somehow making a strong case that his crypto is indeed a real competitor for eth considering ethereum's high gas fees, slow TPS due to its bottleneck network and is not interoperable.

For those who get in early and invested a buck, congrats to you guys!

Zazzu

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This has been exaggerated , before polkadot it was Cardano that assumed to be a platform for developers, and it was EOS , none of those could beat Ethereum so far and polkadot is just very new , it seems like gather the attention of some projects to hold IPO on it but most of the projects would rather take no risk and develop their project on ethereum.

grabpopcorn536

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Quote from: https://polkadot.network/technology

GRANDPA: a trustworthy consensus algorithm
Polkadot uses its original GRANDPA (GHOST-based Recursive Ancestor Deriving Prefix Agreement) consensus for a more secure and resilient network.

Is it any different from SOLANA Historical Evidence?
Using recursive data only makes Polkadot's blockchain heavier because it stores too much data. I think that in the long run, they have an impact on transaction speed and cost. As such, it's not much better than Ethereum, which can be said to be bad in another way.
I do not believe that Polkadot will make a highlight while they are still new and only exaggerated.

zasad@

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Some people asked me about Polkadot.
I wrote my thoughts in this article
https://bitcointalk.org/index.php?topic=5284995.new#new
The project has huge prospects, but there are also risks for investors.
I hope my selection of material and thoughts of other users will help you make the wrong decision.

zasad@

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Quote from: arufox on October 23, 2020, 04:15:05 PM

I saw a lot of people comparing Polkadot and ethereum, when I read that thread I believe that Polkadot only hype, and won't last long then will dump soon. But until now the project has proven that it is legit?? Yeah maybe?? and remains in the top 10 coins. I never learn about this coin, but their concept decentralized internet [Web 3.0] has attracted people

Gavin Wood was right in saying that it is impossible to build a decentralized ecosystem on a centralized internet.I like his princes better

Who wants to understand what half-kadot is trying to give, read this information first
https://medium.com/polkadot-network/kusama-polkadot-comparing-the-cousins-170e4fe6c280

Bitum

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Lately in news the rumor has been circulating that Polkadot should become Ethereum killer, Polkadot is a solid project, but cannot replace Etherium at the moment

Yaunfitda

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Polkadot has been touted to be the next Ethereum killer, but honestly, I don't think that it can challenge Ethereum's dominance, specially that they are coming up with their 2.0 release There are a lot of things going on behind on DOT, however, it's too early if it could be the backbone on Web 3.0. It's has been in crypto space with many supposedly solutions, but then again, it was made up to obviously create hype, which the project did very good pumping it very hard up to this point. The question is, can they really deliver or this is just another hype?

arufox

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I saw a lot of people comparing Polkadot and ethereum, when I read that thread I believe that Polkadot only hype, and won't last long then will dump soon. But until now the project has proven that it is legit?? Yeah maybe?? and remains in the top 10 coins. I never learn about this coin, but their concept decentralized internet [Web 3.0] has attracted people

zasad@

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I already wrote about polkadot
https://bitcointalksearch.org/topic/why-i-dont-buy-polkadot-now-5272296

Founder Gavin Wood a very famous person in the world of cryptocurrencies, so you can invest a little money in this project.
I don't see any direct competition between Ethereum and Polkadot. TRON copied Ethereum and was not successful.
Polkadot will develop in a different scenario

disconnectme

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Good try, shilling Polkadot here, it is a fine technology but I don't think they realise that they need to dethrone Ethereum for it to be successful, Ethereum is the king in the smart contract world and is telling on other new protocols, unless there is a big mess up in Ethereum code I doubt Polkadot have a chance of success because in crypto is is about the community and to build a community, it depends on the number of people that has made money investing into your project. BTC, Ethereum, BNB and Link and recently Uniswap

Adhar

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Quote from: bitkanu on October 23, 2020, 09:23:48 AM

Quote from: PalindromemordnilaP on October 23, 2020, 09:02:40 AM

Will you agree that POLKADOT is the most important public blockchains to launch post-Ethereum?

What are your thoughts?

I will not agree as polkadot didn't bring us something unique. If we're talking about scalability and we have so many scalable chains, if that's about the smartcontract and we have a bunch of tokenization platforms.
We have also chainlink, and many more.
Remember there's also avalanche that has launched after polka and can we call that as the most important public blockchain to launch post-polkadot? We can't.

yes mateb,i agree with you.polkadot didnt bring us some unique step. this kind of project have in market. Chainlink is one of them. So there is nothing to separate it. There are many projects that have a strong position in the market. thanks

luckyflop

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Based On Messari research, $18.7M has been raised across 5 Polkadot DeFi projects over the last two months

and also based on the article on https://polkadot.network/bitcoin-is-coming-to-polkadot/ Bitcoin is Coming to Polkadot.
Polkadot makes it easier than ever to create and connect decentralized applications, services, and institutions. so I think it is a serious competitor of Ethereum for developers to build Dapps and improves them on Dot blockchain.

benthach

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Quote from: PalindromemordnilaP on October 23, 2020, 09:02:40 AM

Will you agree that POLKADOT is the most important public blockchains to launch post-Ethereum?

What are your thoughts?

no i don't. just an over hype self pump.
i strongly believe garwin wood move all his etherieum genesis blocks to pump it.

GreatArkansas

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Honestly, for me, POLKADOT is kinda hype. A lot of people started to compare POLKADOT to Ethereum, which is for me, POLAKDOT is really far from Ethereum.
But I don't really disagree with what POLKADOT roadmap is. They are totally one of the big contributors in cryptocurrencies, that's why I don't need to hate them, they are here now for innovation, which is good also.
About decentralized internet or Web 3.0, for me, we are still far from reality and it will not matter to me if POLKADOT delivers it, it's still innovation for me in technology which is really much appreciated.

bitkanu

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Quote from: PalindromemordnilaP on October 23, 2020, 09:02:40 AM

Will you agree that POLKADOT is the most important public blockchains to launch post-Ethereum?

What are your thoughts?

I will not agree as polkadot didn't bring us something unique. If we're talking about scalability and we have so many scalable chains, if that's about the smartcontract and we have a bunch of tokenization platforms.
We have also chainlink, and many more.
Remember there's also avalanche that has launched after polka and can we call that as the most important public blockchain to launch post-polkadot? We can't.

Topic: POLKADOT - "The backbone of decentralized internet or the so called Web 3.0" (Read 307 times)