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Author Topic: Is Polkadot going to Kill Ethereum?  (Read 2658 times)
CutePanda
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March 05, 2021, 01:56:30 AM
 #241

Polkadot's rise to the rankings of the sixth largest cryptocurrency occurred as the coin's total market cap was $ 29.7 billion.
As for Polkadot, an operable blockchain network has made a milestone at this time, there is a high probability that this advance may be short-lived.
but still, we will never know until the end, let's hope that both Polkadot and ETH can keep stable and keep rising to the top.

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March 05, 2021, 03:06:24 AM
 #242


Hopefully that will happen, polkadot will continue to grow and be able to compete in the market and dominate at a good price. but we need to know together that Ethereum will not be defeated by any Altcoin. Ethereum will still be the 2nd digital currency after Bitcoin
Everything is possible in crypto though, ETH surely have massive market capital as of now even far surpasses those coins that are below #2 but isn't it good if there happens to be competition between ETH and other coin that could compete while having quite close market cap, if that happens we definitely won't see eth blockchain being too overflowed with all the transactions and the upcoming developers who wants to create token some of them could go to ETH's competitior.

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March 06, 2021, 08:23:21 AM
 #243

Polkadot is a good competitor for ETH. However, currently BNB is in the spotlight to replace ETH if Ethereum 2.0 will not solve the high gas fees which is one of the main reasons why most investors are avoiding ethereum platforms. Some projects have switched to the different platform due to its high fees. ADA, BNB, DOT has a lot of potentials, ETH will soon lose its spot if they don't fix the high gas fees.
ethereum has discussed the handling of transaction cost issues which they say will be resolved by the middle of this year. polkadot is indeed a tough competitor but there are still ADA and BNB as you mentioned. both have more potential. But polkadot are not going to kill the ethereum market or community.

I do not think that Polcadot will kill Ethereum, but It is a very promising coins https://dailycoin.com/polkadot-vs-cardano-ada/ Here is information about Polkadot and Cardano. All this coins are very promising. Cardano take the 3rd place for capitalization after Bitcoin and Ethereum.


Cardano is on the 3rd place of capitalization. But how many people know about Cardano or Polcadot? What is the difference between Ethereum and Polcadot. It is good that in press appear the articles that explain the technology and the difference between different coins.
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March 29, 2021, 10:01:50 PM
 #244


Hopefully that will happen, polkadot will continue to grow and be able to compete in the market and dominate at a good price. but we need to know together that Ethereum will not be defeated by any Altcoin. Ethereum will still be the 2nd digital currency after Bitcoin
Everything is possible in crypto though, ETH surely have massive market capital as of now even far surpasses those coins that are below #2 but isn't it good if there happens to be competition between ETH and other coin that could compete while having quite close market cap, if that happens we definitely won't see eth blockchain being too overflowed with all the transactions and the upcoming developers who wants to create token some of them could go to ETH's competitior.
I think institutional buyers prefer eth. Also when it comes to selecting blockchain, Ethereum is the preferred one by many established business. Recent Visa moves is manifestation of ethereum's popularity and it's wider acceptance.
No doubt Polkadot is also a good option but it has a long way before it catches you with ethereum.
Eth 2 will further accelerate ethereum adoption.
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March 29, 2021, 10:27:52 PM
 #245

polka-dotted issue will kill ethereum it comes up every time. but in fact, currently ethereum is still victorious and above the polka-dots. Trust me, don't raise the issue of polka-dots because it's impossible

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March 29, 2021, 10:43:53 PM
 #246

Now, Polkadot becomes higher and higher again because Binance supports this.
However, will it really kill Ethereum? I think it needs more time to ensure about this. Moreover because of the very high fee needed for the Ethereum or ERC20 transaction fees. Polkadot may become another choice for new projects to set their token on the ecosystem.
However, will it be able to kill?
I am still doubtful about his. It needs something bigger from Polkadot to defeat the ETH platform that has become the first platform used. Maybe, Polkadot is like NEO or EOS at that time that was predicted to defeat or compete with Etehreum but in fact, they cannot.


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/
It is now 390.
And it is now
https://dappradar.com/blog/introducing-the-polkadot-blockchain

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March 29, 2021, 11:21:39 PM
 #247

What you said is true, polkadot was ranked 3rd in market cap a few weeks ago, but it didn't last long.
Polkadot has extraordinary technology and also low transaction fees, this is the reason many people assume Polkadot will kill ethereum, but I see that Polkadot's vision and mission is not to kill ethereum, but rather want to be another version that is more perfect than ethereum.
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March 30, 2021, 04:29:11 AM
 #248

What you said is true, polkadot was ranked 3rd in market cap a few weeks ago, but it didn't last long.
Polkadot has extraordinary technology and also low transaction fees, this is the reason many people assume Polkadot will kill ethereum, but I see that Polkadot's vision and mission is not to kill ethereum, but rather want to be another version that is more perfect than ethereum.
We don't need to rush to evaluate and compare these two coins just yet. It is necessary to wait for the Ethereum update or at least three more months until the problem of the high level of transaction fees on the ethereum network is resolved in July. It is not very correct to compare these coins when there are temporary difficulties in ethereum.
After the update within the framework of Ethereum 2.0, it will already be a completely different coin, with improved characteristics, and then it will be possible to compare it with others.

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March 30, 2021, 05:20:15 AM
 #249

I really don't think it will kill ETH, but maybe also help it out because there are many projects like this that are using Polkadot. It's like building out other option for projects
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March 30, 2021, 05:39:56 AM
 #250

polkadot team had amazing job lately and very strong competitor, that's for sure . competition is always beneficial. Also, bsc network is trying to compete ethereum. When the 2.0 update launches, ethereum will show it's power and will keep the leadership.
I also think that ethereum will not be replaced easily. not only polakdot, but BNB is also still quite difficult to replace ethereum's position. however, I still believe that the potential of ethereum isn't really out yet. Although polkadot is a good coin, however, it's still too early to think that polkadot can beat ethereum.

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March 30, 2021, 05:47:27 AM
 #251

polkadot team had amazing job lately and very strong competitor, that's for sure . competition is always beneficial. Also, bsc network is trying to compete ethereum. When the 2.0 update launches, ethereum will show it's power and will keep the leadership.
I also think that ethereum will not be replaced easily. not only polakdot, but BNB is also still quite difficult to replace ethereum's position. however, I still believe that the potential of ethereum isn't really out yet. Although polkadot is a good coin, however, it's still too early to think that polkadot can beat ethereum.
Polkadot, Cardano, and binance will overshadow ethereum. but not to take the place of ethereum. they have good development and a large community. competition in the market will remain, but ethereum will still be the strongest.

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March 30, 2021, 06:28:11 AM
 #252

polkadot team had amazing job lately and very strong competitor, that's for sure . competition is always beneficial. Also, bsc network is trying to compete ethereum. When the 2.0 update launches, ethereum will show it's power and will keep the leadership.
I also think that ethereum will not be replaced easily. not only polakdot, but BNB is also still quite difficult to replace ethereum's position. however, I still believe that the potential of ethereum isn't really out yet. Although polkadot is a good coin, however, it's still too early to think that polkadot can beat ethereum.
Polkadot, Cardano, and binance will overshadow ethereum. but not to take the place of ethereum. they have good development and a large community. competition in the market will remain, but ethereum will still be the strongest.

seems that Visa does not think that way, and they choose Ethereum network for their stable-coin transactions settlement, did not heard that they considered alternatives and killers

I am not saying that Cardano, Polkadot will not be successful projects, but they should be careful of losing their podium (2,3) spots to Binance, Solana, Cosmos, rather than thinking to kill Ethereum, which is a clear leader and has most innovations in the network, which brought new value, others mostly copy ideas
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March 30, 2021, 10:10:36 AM
 #253

In my opinion, Polkadot can't kill Ethereum. so far Ethereum is the leader in blockchain space smart contracts. The market capitalization of ETH is bigger. Even though it is polka-dotted with a concept that works with a shared protocol that will allow the Blockchain Network to work with Synergy but it is very difficult to kill Ethereum. Even before the advent of the polka-dotted many other altcoins were trying to weather the Ethereum storm but still couldn't beat Ethereum because ETH was still the king of altcoins.
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March 30, 2021, 11:27:26 AM
 #254

In my opinion, Polkadot can't kill Ethereum. so far Ethereum is the leader in blockchain space smart contracts. The market capitalization of ETH is bigger. Even though it is polka-dotted with a concept that works with a shared protocol that will allow the Blockchain Network to work with Synergy but it is very difficult to kill Ethereum. Even before the advent of the polka-dotted many other altcoins were trying to weather the Ethereum storm but still couldn't beat Ethereum because ETH was still the king of altcoins.
yes, it is true that until now it is still difficult to make changes, let alone shifting from the altcoin ranking. ethereum is still the best choice to date and we cannot deny it. However, with the high cost of the ethereum platform, someone may try to innovate with cheaper and easier transaction costs.

because the opportunity is very open at this time because there is no change in high costs from ethereum.
It is not impossible with ongoing experiments and no good ethics from ethereum to reduce it, things could happen that change the use of the ethereum platform with other platforms, maybe of course the plan is not easy.

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bryant.coleman
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March 30, 2021, 12:23:31 PM
 #255

obviously polkadot will not kill, will not replace ethereum will be just one of the many worthy competitors who try to steal the first place of altcoins (after bitcoin of course) together with tron, eos, bnb but eth will still hold out for a long time

Nothing is guaranteed in the cryptocurrency market. Ethereum has remained as the no.2 cryptocurrency ever since it managed to topple Litecoin from that position in 2015. But that doesn't mean that it's position is permanent. Ethereum was the first among the second generation cryptocurrencies. But now there are growing signs that it's technology is getting outdated. Ethereum is simply unable and incapable to keep up with the large rise increase in userbase.
susuberuang
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March 30, 2021, 12:41:51 PM
 #256

In my opinion, polkadot altcoins are altcoins that have great potential to be invested in in the long run, but it is highly unlikely that polka dots will kill etherem, because etherem is a very strong altcoin, and of course ETH will dominate the crypto market for much longer ,,,
Unikon
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March 30, 2021, 01:32:26 PM
 #257

In my opinion, polkadot altcoins are altcoins that have great potential to be invested in in the long run, but it is highly unlikely that polka dots will kill etherem, because etherem is a very strong altcoin, and of course ETH will dominate the crypto market for much longer ,,,
Ethereum is eternal. I don't see a single competitor who could surpass the Ethereum

Polkadot & Cardano? I don't think so
Surrapatt
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March 30, 2021, 01:45:10 PM
 #258

In my opinion, polkadot altcoins are altcoins that have great potential to be invested in in the long run, but it is highly unlikely that polka dots will kill etherem, because etherem is a very strong altcoin, and of course ETH will dominate the crypto market for much longer ,,,
Yes, besides that Ethereum is also much stronger than Polkadot which surprisingly immediately ranks in the top ten cryptocurrency rankings, but to beat Ethereum is not an easy matter for anyone especially for a new token whose development is still not long.

Ethereum is eternal. I don't see a single competitor who could surpass the Ethereum

Polkadot & Cardano? I don't think so
Even though it will not be eternal, to beat it will be very difficult because Ethereum is already strong compared to other tokens in the crypto space, so when Ethereum development starts to run again, in general it will be difficult to be overtaken by new tokens inside crypto space.
leea-1334
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March 30, 2021, 03:04:27 PM
 #259

We don't need to rush to evaluate and compare these two coins just yet. It is necessary to wait for the Ethereum update or at least three more months until the problem of the high level of transaction fees on the ethereum network is resolved in July. It is not very correct to compare these coins when there are temporary difficulties in ethereum.
After the update within the framework of Ethereum 2.0, it will already be a completely different coin, with improved characteristics, and then it will be possible to compare it with others.

Even without the ETH 2.0 upgrade we all realize that it is not just about speed and fees. It has not been since 2017. Yes people will move to BSC and Polka, as they are doing now,,, but in the end the main developer talents lie at Ethereum and people still want the widest choice of options which is of course on Ethereum.

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March 30, 2021, 04:20:14 PM
 #260

I really don't think it will kill ETH, but maybe also help it out because there are many projects like this that are using Polkadot. It's like building out other option for projects
In general Ethereum will not die even though there are several projects that will compete with Ethereum, because before Polkadot in the crypto space, Ethereum was much stronger than others, so Ethereum will not be easy to die.
Polkadot tries to compete only to make a little bit of profit in ethereum's network when the ethereum market is already too large, a few small factors that have not been sustained have made ethereum a negligence in holding projects and as you say, a grain of sand in profits is not enough to jeopardize the existence of ethereum. I'm even thinking of this as a stimulant to speed ethereum's growth, ethereum's heel is plugged too deep in this market, wanting to kill it is not easy, setting such a goal is just to let other altcoins have many aspirations to grow

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