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Author Topic: Polkadot can take place of Ethereum?  (Read 988 times)
ice098
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December 07, 2020, 03:41:22 PM
 #101

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.

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December 07, 2020, 04:07:58 PM
 #102

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.
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December 07, 2020, 04:08:23 PM
 #103

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

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December 07, 2020, 04:09:19 PM
 #104

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


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