Is Polkadot going to Kill Ethereum?

[Sayeds56]

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.

[amishmanish]

Who are these "investors" that drive the price up??

Do we ever get to know the names, faces or institutions behind these price rises. I am not saying that "Polkadot" is your typical run-of-the-mill project. It has a lot going for it with big names backing it (including, apparently, the cofounder of Solidity). It also has a lot of community led initiatives. Yet, the price rise is only because of the exchanges and the day traders exploiting those interested in it. Like every other project out there, these have a founders or initial team with a major share of the tokens already. To participate in the so-called governance in any significant way, you already need to be one of the big holders which means you need to be someone who either bought cheap at entry (with the sole purpose of selling at a target price). Thus, this is pretty far from a fair launch.

What they have going for them is their grants program to support developers on their chain. Yet, without sufficient interest and large enough community, they are also being run by a small group of interested individuals. Such a situation will always be the one where the interest of few will be above the general interest.

So even though they are trying well, I don't think Polkadot poses any threat to Ethereum.

[target]

Home of 197 projects!! You should really put the list of them or just the link to where we find these data. You know, there are also lots of projects claiming to be an ETH killer right?  I hope there won't be any congestion to polkadot as well because ETH is just unbearable already that transactions are all pending.

Is it too early for Polkadot to be listed on Dappradar?? If Dot will be there, it will be easy to compare among the rest.

[Sterbens]

It's very difficult to weather the storm from Ethereum, we can all see that it's not only Polkadot who has dreams of growing Ethereum. but still Ethereum is much more effectively traded. In fact, Polkadot promised various sources of supply from the 197 projects it is currently developing. I am not very satisfied with that.

[Sayeds56]

Home of 197 projects!! You should really put the list of them or just the link to where we find these data. You know, there are also lots of projects claiming to be an ETH killer right?  I hope there won't be any congestion to polkadot as well because ETH is just unbearable already that transactions are all pending.

Is it too early for Polkadot to be listed on Dappradar?? If Dot will be there, it will be easy to compare among the rest.

https://www.polkaproject.com/

[jacafbiz]

I am just looking at the project on Polkadot, the quality of projects on Polkadot is more important to me than Polkadot platform itself, look at all the Ethereum Killers in the space, starting from EOS, Tezos, Cosmos etc all have failed to attract good projects on their platform and these Dapps are what help drive up exposure to the blockchain

[DarkDays]

Polkadot has its own efficiencies and while many projects stemmed from it, many of which acted as validating Polkadto's value to the community which was expressed in the token price and market dominance I still think ETH2.0 is something more valuable. While it is true that ETH2.0 is in the making, because it is the earliest blockchain I think people will likely side with it over something that's relatively new like Polkadot. Similar to how BTC Cash hasn't taken over BTC, with BTC being the 'Gold standard' of crypto, ETH is the standard of blockchain.

[Sayeds56]

I am just looking at the project on Polkadot, the quality of projects on Polkadot is more important to me than Polkadot platform itself, look at all the Ethereum Killers in the space, starting from EOS, Tezos, Cosmos etc all have failed to attract good projects on their platform and these Dapps are what help drive up exposure to the blockchain

Well said. Without going into much Technical details, Polka dot is very young altcoin and was listed on Binance exchange few months back , In this very short period the value of DOT has soared more than 100%. What is more fascinating about Polka dot that Trading volume has grown exponentially.

[koang]

Polkadot is essentially a fast-tracked version of Ethereum 2.0.
This is probably why Polkadot supporters often use the phrase "Ethereum killer" to describe Polkadot.
There are only little issues with Polkadot, a lot of people still have trouble understanding Polkadot but the Polkadot team seems to care less about the user experience than it should be, given the complexity of the project.

[CaVO32]

Polkadot has its own efficiencies and while many projects stemmed from it, many of which acted as validating Polkadto's value to the community which was expressed in the token price and market dominance I still think ETH2.0 is something more valuable. While it is true that ETH2.0 is in the making, because it is the earliest blockchain I think people will likely side with it over something that's relatively new like Polkadot. Similar to how BTC Cash hasn't taken over BTC, with BTC being the 'Gold standard' of crypto, ETH is the standard of blockchain.

If a particular network is trying to compete or overpower eth, they will have long journey to even get the same popularity of eth usage. And eth team is still active and continuously improving their platform, so I don't think a new network can even surpass their journey at the moment. But it is good for the market to have other options as it will create competition and they will do their best to serve the community. Now, it is up to the developer where they will build their project according to their priority of needs.

[fia_naila]

Polkadot project is side chain od ethereum and the founser is co founder of ethereum, is it possible that polkadot kill ethereum ? The use of polkadot also helping ethereum it is created not to compete to each other.
Polkadot and ethereum both created by gavin woods.

[ReiMomo]

Technically Polkadot network is still far from what Ethereum is since the one who created these two is the same person which makes them comparable to each other.

However in terms of popularity and number of investors I doubt that Polkadot could beat the Eth that easy for most investors would rather stay with the one that has already an established foundation instead of trying a new one which could put them into risk for the second time. Due to these reasons, it made me convinced that Polkadot will only become another option instead of being a competitor.

[Psynthax]

Wait until polkadot has as many project as ethereum and including dexes then we'll talk about this topic again. When the market cap gap is still 15 times apart there's just no point of talking whether polkadot gonna kill ethereum or not.
Polkadot's main concern is to make that platform home to many newly created projects becasue that's the only way to boost the demand for polkadot otherwise just forget it. Ethereum has too much project relies on its blockchain at this point and that's gonna be difficult thing to beat.

[X-ray]

Polkadot project is side chain od ethereum and the founser is co founder of ethereum, is it possible that polkadot kill ethereum ? The use of polkadot also helping ethereum it is created not to compete to each other.
Polkadot and ethereum both created by gavin woods.

Ethereum has a better vision and fundamental. The DOT shillers are promosing this platform so hard but the majority of developers are still choosing ethereum as the platform to be used for tokenization purpose.
I remember when binance shil was also promoting if bitcoin will kill ethereum but there's not a lot of platforms wanna did toknization into the binance platform.
it doesn't make sense to call DOT will ethereum. ADA is a better than DOT.

[TastyChillySauce00]

It's crazy as it's more than 5 times i have been seeing the same thread that discussed the possibility for the polkadot to defeat or kill ether. There are a bunch of answers too in the old thread
https://bitcointalk.org/index.php?topic=5274281.20

Just see the fact and you will know what will be happening for sure. It's not possible for DOT to get more than 10x increases for its current price.

[kawetsriyanto]

Hey mate, how can Polkadot kill Ethereum? By overtaking it on the market? Anyway, I don't think Polkadot is a serious competitor for Ethereum now, it is a new coin. Even Ripple is much better to be counted as a competitor. You must realize that it is still a prediction and Polkadot needs much time to grow to approach Ethereum. Also, overtaking Ethereum doesn't mean killing it. Don't be too much!!

[pedrillo0]

Once reading I found that DOT plans to be one of the top 3 cryptocurrencies, but it still does not show how?

He had plans to be the solution to ETH's high fees and slow network.

But with ETH 2.0 very close, what next?

Those 197 projects, nobody knows what they are about...

[tbct_mt2]

Polka dot is an open-sauce project

Open-sourced project, do you mean 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.

It is too soon to say about the future of the project that has only 4 months old. Polkadot. It is listed on many exchange and it is good for its volume and price actions but its future is unknown. You need to observe a project after 1 year to see how their developers work, meet their plans, and keep or give up their developmental activities.

The marketcap of Polkadot is $4,174,651,597 USD and Ethereum is $62,251,605,400 USD. Polkadot price has to rise 15 times to reach the marketcap of Ethereum. It looks impossible mission.

[Billo_]

To most issues of Ethereum, Polkadot doesn't have a clear solution. Polkadot isn't bad but it can't scale and Parachains are just a emergency solution to split up network load. But Polkadot has good marketing and tons of money to promote Polkadot. Unfortunately, Polkadot didn't secure ICO funds and most funds were lost in a hack or mistake by team.

[paglarhat]

Is Polkadot going to Kill Ethereum?
I don't know why people are saying this.
I’ve been with cryptocurrency for over four years, I also know fairly well about the market, so I’m saying from my experience it’s never possible.