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Author Topic: How to think about Ethereum VS Polkadot .  (Read 16481 times)

Offline Goldlife

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How to think about Ethereum VS Polkadot .
« on: March 31, 2021, 12:20:41 PM »
Vitalik and Gavin Wood recently did a Digix fireside chat on Ethereum 2.0 and Polkadot.

As someone who contributes to both ecosystems, I found the following discourse to be clear and concise, in terms of how to navigate true intention vs speculation in existing communities.

We should get a third party, i.e. Digix to promote this content more. The talk had a small audience, adn they didn’t do much followup ensuring this material gets more widely shared.

Here’s a very rough transcript of the original discourse:


Is there a common ground between Polkadot and Ethereum? What do the projects represent in the ecosystem?
Gavin: Projects with tokens will inevitably attract attention & speculation around competition.

You are resource constrained. You want to put resources into the project that generates the most profit. But the competition [between the two platforms] is entirely only in this regard. An analogy for this train of thought is that you can either choose to buy Microsoft stock or IBMV stock.

In reality, there’s very little direct competition in terms of the product.

Polkadot is interested in being a meta protocol, with a lower level abstraction than Ethereum, i.e. smart contract level.

Polkadot pushes out different goals. Those goal are around chain upgradability, governance, interactivity. Polkadot wants to facilitate interactions that are much more about say, off-chain on-chain cooperation than interactions in a smart contract.

Vitalik: I generally agree with a lot of that. Polkadot tests out very different technical and economic hypotheses. There are big differences in terms of relationships between protocol and applications and what expectations applications have at the protocol level. 

More info: https://hackmd.io/@0TOBpaKkSieExetSaifRTA/rJpr5NbkS

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How to think about Ethereum VS Polkadot .
« on: March 31, 2021, 12:20:41 PM »

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Re: How to think about Ethereum VS Polkadot .
« Reply #1 on: May 03, 2021, 01:27:32 AM »
I don't think I need to say anything new about these two coins. Because all of us who are connected to cryptocurrencies must have an idea about these two coins.Ethereum, however, is currently the most popular of the two coins.However, many are hoping that the future will be as popular as the Polka dot token Ethereum.
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Re: How to think about Ethereum VS Polkadot .
« Reply #2 on: May 07, 2021, 08:24:24 AM »
Polkadot is now in great demand by cryptocurrency lovers because Polkadot has a very cheap transaction fee.
Etheruem has the disadvantage of transacting which is expensive to charge and even a one-time transaction fee can have 1 Polkadot.
But most of the community still believes in Ethereum because Ethereum does have a level of friendliness for all cryptocurrency investors and traders .
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Re: How to think about Ethereum VS Polkadot .
« Reply #3 on: May 08, 2021, 05:19:11 AM »
Polkadot has just flown, Ethereum is already in the sky.
Polkadot is just running, Ethereum is already running fast.
Polkadot has just thousands of communities, Ethereum has millions of communities.


Everything is going well and Polkadot will definitely need a little time to continue to compete with Ethereum because Ethereum is already one step ahead.
For any proof, you can check all informanions Ethereum VS Polkadot in Coinmarketcap.
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Re: How to think about Ethereum VS Polkadot .
« Reply #4 on: May 08, 2021, 10:48:27 AM »
Etherium is a very popular coin in the crypto currency market. Its position in the crypto market after bitcoin but its transection fees is high. On the other hand polkadot is getting popularity day by day because its transection fees is very cheap.  It is growing  day by day but  etherium is far far ahead than polkadot at this moment.

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Re: How to think about Ethereum VS Polkadot .
« Reply #5 on: May 09, 2021, 08:15:50 PM »
I don't think there's anything new about polka dots and etherium. Because everyone involved with cryptocurrency has a fairly good idea about this life. Because of the location of these two coins across much of the cryptocurrency. However, one is etherium and the other is polka dot. Ethereum is now a much more valuable token than a polka dot token. However, many are analyzing that Polka dot will soon become as popular as Ethereum.
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Re: How to think about Ethereum VS Polkadot .
« Reply #6 on: May 10, 2021, 11:36:12 PM »
I think polkadot is slightly different asset than eth and thus is not so easy to compare those two but when comparing certainly dot is much younger than eth and has much fewer projects that launched on this platform
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Re: How to think about Ethereum VS Polkadot .
« Reply #6 on: May 10, 2021, 11:36:12 PM »


Offline saidul2105

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Re: How to think about Ethereum VS Polkadot .
« Reply #7 on: May 13, 2021, 10:32:00 AM »
Ethereum and Polkadot both are good coin in cryptocurrency market. Both are most popular coin in crypto world. Day by day their popularity are growing up at a high rate. Now both are very potential and strong coin. Theh are very good for investment now. If you have enough money to invest on them, you can try it. I think if you invest on them, you will benefited in near future.                               

Offline babu10

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Re: How to think about Ethereum VS Polkadot .
« Reply #8 on: May 30, 2021, 04:24:06 PM »
I think its very funny that people are comparing ETH with DOT as ETH is too much ahead than others. There are two different coin with different blockchain and Dot only started its journey where ETH made its path many days ago. Though DOT's system is good but i think it has to long run to come across to ETH.

Offline Toshko

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Re: How to think about Ethereum VS Polkadot .
« Reply #9 on: May 31, 2021, 09:53:41 AM »
Indeed both are very important for the crypto space and the more they develop - the better. There shouldn't be competition between crypto currencies, but cooperation.

Offline Random203

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Re: How to think about Ethereum VS Polkadot .
« Reply #10 on: June 04, 2021, 05:16:28 PM »
Ethereum and Polkadot both are good coin in crypto market. But I think Ethereum is so much popular than Polkadot. Ethereum is the boss of altcoin season and it is stand in number two position in coinmarketcap list. So Ethereum is better than Polkadot.                             
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Re: How to think about Ethereum VS Polkadot .
« Reply #11 on: June 05, 2021, 12:07:36 PM »
Polkadot has recently been developing very quickly and steadily, and only in the future it is possible that Polkadot will become a direct competitor to Ethereum, but at the moment, of course, Ethereum surpasses Polkadot in everything, and when Ethereum 2.0 will be released, Ethereum will generally be out of reach for Polkadot, so in the near future Polkadot will not have chances.
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Re: How to think about Ethereum VS Polkadot .
« Reply #12 on: June 07, 2021, 04:42:32 AM »
Actually i think that there is a vast difference between the two. You have to think logically, because if you compare DOT with Ethereum it is the same as comparing father and son(just for example), because in reality DOT is a earlier token that is developing, while Ethereum is a token that has been successfully developed and has also been widely used by projects in the past. But I agree that Dot is one another promising coin that will acquire good reputation in the future. The current situation of the this coin is really impressive.

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Re: How to think about Ethereum VS Polkadot .
« Reply #13 on: June 07, 2021, 05:41:34 AM »
And I am sure that for Polkadot Ethereum we will reach and reach in the near future. I am confident in Polkadot and I know that when you reach the number of followers that the project of Vitalik Butorin has, the project Polkadot it will surpass them in popularity. A matter of time.

Offline Lutera94

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Re: How to think about Ethereum VS Polkadot .
« Reply #14 on: June 07, 2021, 10:47:37 PM »
I think polkadot is slightly different asset than eth and thus is not so easy to compare those two but when comparing certainly dot is much younger than eth and has much fewer projects that launched on this platform
Polkadot is a new project, its okay. But if You look at the public demand than you can see polkadot doing much better. Till now polkadot is not able to compare with eth but its a good competitive.
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