Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Malam90 on January 27, 2021, 07:20:22 AM
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In the last year, decentralized finance (DeFi) has gone from being a relatively unexplored crypto niche to a bustling industry filled with a diverse array of protocols and tools that offer new services and opportunities to users.
As it stands, the vast majority of DeFi applications are built on the Ethereum blockchain, due to its popularity among decentralized application (dApp) developers and significant pre-existing user-base. However, this sudden growth of DeFi on Ethereum has pushed the blockchain to its limits, leading to transaction delays and inordinately high fees — making many Ethereum DeFi platforms simply unusable to regular users.
Because of this, a large number of developers are now opting to build their DeFi applications on Polkadot, and are looking to take advantage of its unique properties to offer experiences that haven’t yet been possible on other blockchains.
As an interoperable blockchain platform capable of bridging together the diverse array of blockchains currently operating, Polkadot has proven itself to be a promising solution to a range of challenges faced by developers and users today. Source Link (https://bitcoinist.com/why-polkadot-is-the-future-of-defi/)
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In the last year, decentralized finance (DeFi) has gone from being a relatively unexplored crypto niche to a bustling industry filled with a diverse array of protocols and tools that offer new services and opportunities to users.
As it stands, the vast majority of DeFi applications are built on the Ethereum blockchain, due to its popularity among decentralized application (dApp) developers and significant pre-existing user-base. However, this sudden growth of DeFi on Ethereum has pushed the blockchain to its limits, leading to transaction delays and inordinately high fees — making many Ethereum DeFi platforms simply unusable to regular users.
Because of this, a large number of developers are now opting to build their DeFi applications on Polkadot, and are looking to take advantage of its unique properties to offer experiences that haven’t yet been possible on other blockchains.
As an interoperable blockchain platform capable of bridging together the diverse array of blockchains currently operating, Polkadot has proven itself to be a promising solution to a range of challenges faced by developers and users today. Source Link (https://bitcoinist.com/why-polkadot-is-the-future-of-defi/)
Very nice information.I benefited a lot from knowing the information.A lot of information based news.Investors have time to invest now.Now those who will invest can be much more profitable.I have seen that the Defy projects have been successful in the last 6 months.Dot is a very popular project.
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DeFi is now a hot trend. Maximum DeFi projects are based on Ehtereum but now fees in Ethereum network touches the sky. That's why investors and traders are very disappointed including me. A large number of developers are now interested to develop their projects on Polkadot for its multi advantages. I hope in the near future, PolkaDot will be the next target of the DeFi developers.
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DeFi is now a hot trend. Maximum DeFi projects are based on Ehtereum but now fees in Ethereum network touches the sky. That's why investors and traders are very disappointed including me. A large number of developers are now interested to develop their projects on Polkadot for its multi advantages. I hope in the near future, PolkaDot will be the next target of the DeFi developers.
Yes, that's true. Polkadot is going strong and high demands because Ethereum gas fee is so high, It is the reason why investors aready bought more polkadot. polkadot is cheaper and faster transaction
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And I also often see in various telegram bounty channels that DOT coins can be used as smar contracts for new tokens like Ethereum coins.
I think this is just a joke but coin development can happen at any time, just like Ethereum which was not seen by big investors in the past but now Ethereum is on the top throne.
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And I also often see in various telegram bounty channels that DOT coins can be used as smar contracts for new tokens like Ethereum coins.
I think this is just a joke but coin development can happen at any time, just like Ethereum which was not seen by big investors in the past but now Ethereum is on the top throne.
Yes, you are right brother. I have read many opinion big brothes here, they said many news projects are signing with polkadot. I think It is good thing for polkadot. I hope this will be the best competitor for ethereum
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It definitely gave a different dimension to polkadot crypto businesses. Polkadot made a good start after the defi wind. Although most of them do not understand what they want to do, polkadot will be mentioned more often in the future.
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Polka dot is now gaining more popularity than Etherium due to its high gas fees. Of course I believe Etherium's condition will go polkadot. Most of the investors who are there are now investing in polkadot. Of course, the future of Palka Dot can be determined by looking at the current situation.
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Polka dot is now gaining more popularity than Etherium due to its high gas fees. Of course I believe Etherium's condition will go polkadot. Most of the investors who are there are now investing in polkadot. Of course, the future of Palka Dot can be determined by looking at the current situation.
In my prediction, I think polkadot will be the best competitor to Ethereum at the coming future. It is the best DeFi projects, It seems will have great future and will be top 5 coin soon. I believe it, Let's see.
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Lots of beautiful information shared with us. I don't think there is anything new to say about Palka dot token. Because this coin is always in a much better position than other coins.In the future this polka dot platform could occupy a position as strong as the Defi platform.Thank you brother for posting such an beautiful informative.
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DeFi is now a hot trend. Maximum DeFi projects are based on Ehtereum but now fees in Ethereum network touches the sky. That's why investors and traders are very disappointed including me. A large number of developers are now interested to develop their projects on Polkadot for its multi advantages. I hope in the near future, PolkaDot will be the next target of the DeFi developers.
I agree with your prediction, mate. Polkadot is the best competitor of Ethereum. Because Ethereum's transaction fees is so high and for this reason maximum traders disappointed. I hope, in near future Polkadot will reached in a strong position like Ethereum.
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When we talk about the future of something, we certainly know about the advantages of the coin, why it can become the future of something. In this case, Polkadot is indeed one of the most potential coins among DeFi. apart from being fully supported by Binance's ecosystem, Polkadot does provide a very good concept as well as an easier and lower cost system.
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You have a lot of good ideas about polka dots. I agree with you. I think polka dot cryptocurrency will take a much better position in the future.At present, considering the popularity of cryptocurrency, polka dot coin is much higher than other coins.Hopefully this token will go to a better stage in the future.
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Polka dot is one of the best coins for me to invest in DeFi project. Polka dot Future in the future I believe Etherium's position may move. That's why I have invested in Polka Dot but I want to keep it for a long time. I don't know if I will be able to benefit in the future now. I believe your price will definitely increase in the future and who will be able to benefit.