Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Monster5 on September 19, 2022, 05:23:11 AM
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In a blockchain ecosystem dominated by Bitcoin and Ethereum, Polkadot — which launched only a year ago last May — is already establishing itself as a next-generation blockchain.
Bitcoin’s capability for facilitating value transfer without a central authority faced limitations in scaling and interoperability. This led to the rise of Ethereum and its more flexible network.
Ethereum didn’t only bring about a decentralized system where numerous applications could be built and run without intermediaries; it also created an ecosystem where value could be transferred more flexibly via smart contracts. However, a growing number of projects are being squeezed out by the Ethereum network’s congestion and high gas fees. This is where new rivals like Polkadot come in. (https://forkast.news/what-is-polkadot-parachain-hottest-chain/)