Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Malam90 on January 11, 2021, 02:14:47 AM
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Ethereum
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
PolkaDot
Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other.
Ethereum and Polkadot are both open source protocol. Ethereum is already proved and Polkadot is a growing coin in the same field. Ethereum is the most popular Altcoins where Polkadot is growing one of the top popular coins. Many of us believe that Polkadot will compete with ethereum in the near future. What do you think?
(https://i.imgur.com/CteTbGF.png)
Image Credit: https://www.purestake.com
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Ethereum
~ Polkadot will compete with ethereum in the near future. What do you think?
Yes, I see both are the same open source protocol. I think polkadot has potential to compete with Ethereum. By seeing the popularity and progress of polkadot now, I think We will see the competition of both at this year. Let's see.
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Ethereum
~ Polkadot will compete with ethereum in the near future. What do you think?
Yes, I see both are the same open source protocol. I think polkadot has potential to compete with Ethereum. By seeing the popularity and progress of polkadot now, I think We will see the competition of both at this year. Let's see.
I think Ethereum is more popular, So I don't believe polkadot can compete to Ethereum at this year. Maybe at the next year mate. Because We all know ethereum is so popular and ERC20 system is still worthy.
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Yes i think Polkadot is next Competitor of Ethereum. Its Volume is huge. It will come more top Position within short tine. I think it will come 4th position soon. Polkadot is now Huge popular right now. I think it is More attractive coin right now. Many big investors coming here Daily. I also buy some Polkadot coin for long time holding.
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Indeed, Polkadot was created to compete with Ethereum with an open system to facilitate each coin being sent.
But I haven't seen the loopholes that Polkadot can generate in terms of hacking, maybe at the moment it's still strong but then if Polkadot wants the system to be strong then I make sure I have to keep updating the system because it's very dangerous to combine various blockchains in one Polkadot blockchain.
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Yes i think Polkadot is next Competitor of Ethereum. Its Volume is huge. It will come more top Position within short tine. I think it will come 4th position soon. Polkadot is now Huge popular right now. I think it is More attractive coin right now. Many big investors coming here Daily. I also buy some Polkadot coin for long time holding.
I agree mate, polkadot is the next competitor of Ethereum. Polkadot has been create to do it. Polkadot has shown good performance and was be number #4 now. It is good position to go. Hopefully we will see the best competition at this year
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As far as I know from the study, Etherium and Pollockdot are two coins made by the same owner.As such it can certainly act as an ally of Etherium.But it will take some time.I got to know a lot more information from your post.
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^ With the growing interest of Polkadot by developers, Polkadot has great potential to shift Ethereum. ERC20 is very weak in gas fees, very annoying because the gas fees applied are very expensive.
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Polkadot is not yet a competitor to Ethereum. In some aspects it improves it, in others it far exceeds it, but it is still not trusted by many developers who have trusted Ethereum for years. That cannot be won in a few months, no matter how good the project is. If both projects were the same age, the fight to be number 1 would be incredible, but Ethereum is still winning today.
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Polkadot is not yet a competitor to Ethereum. In some aspects it improves it, in others it far exceeds it, but it is still not trusted by many developers who have trusted Ethereum for years. That cannot be won in a few months, no matter how good the project is. If both projects were the same age, the fight to be number 1 would be incredible, but Ethereum is still winning today.
Anyway, Polkadot is very prospect for price growth. Now it is not yet a direct competitor for ethereum, but in the future it is even quite possible. Polkadot has a very interesting technology. Who knows in which direction the further development of the cryptocurrency will go.
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Polkadot is not yet a competitor to Ethereum. In some aspects it improves it, in others it far exceeds it, but it is still not trusted by many developers who have trusted Ethereum for years. That cannot be won in a few months, no matter how good the project is. If both projects were the same age, the fight to be number 1 would be incredible, but Ethereum is still winning today.
That's the main points DOT needs to prove in the future what Ethereum done already. Although in few aspects, DOT surpassed ETH but it needs a long way to compete with Ethereum. So we can say as "Potential competitor of future" but still not to be considered as competitor.
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^ With the growing interest of Polkadot by developers, Polkadot has great potential to shift Ethereum. ERC20 is very weak in gas fees, very annoying because the gas fees applied are very expensive.
Yes, you are right . ERC20 is very expensive for gas fee. I think It is the reason why several investors have invested in other coins like polkadot and litecoin.. I believe polkadot will be the next competitor for Ethereum.
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^ With the growing interest of Polkadot by developers, Polkadot has great potential to shift Ethereum. ERC20 is very weak in gas fees, very annoying because the gas fees applied are very expensive.
Yes, you are right . ERC20 is very expensive for gas fee. I think It is the reason why several investors have invested in other coins like polkadot and litecoin.. I believe polkadot will be the next competitor for Ethereum.
You are right, the cost of erc20 gas is expensive, but once users can use the Beacon chain network, the gas costs will be more affordable.
Polkadot is an innovation that in my opinion is almost the same as its predecessor, I support this project, but whether Polkadot can survive like ethereum from many fraudulent projects then rise with the DeFi project and the Uniswap idea from Vitalik, I will see the development of Polkadot and try to invest in it
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Ethereum
~ Polkadot will compete with ethereum in the near future. What do you think?
Yes, I see both are the same open source protocol. I think polkadot has potential to compete with Ethereum. By seeing the popularity and progress of polkadot now, I think We will see the competition of both at this year. Let's see.
If you see the Market conditions then easy to understand that polkadot will be survive for long time . Solid team & perfect roadmap makes a perfect project. I think polkadot Such a this kind of project in near future polkadot can be competitor of etherium.
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Even though it is still a long way from being the next Ethereum, I think Polkadot is going in that direction. I've heard that Polkadot is a development of Ethereum, so it is certain that what is in Polkadot will be in Ethereum but not the other way around.
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Polkadot is not yet a competitor to Ethereum. In some aspects it improves it, in others it far exceeds it, but it is still not trusted by many developers who have trusted Ethereum for years. That cannot be won in a few months, no matter how good the project is. If both projects were the same age, the fight to be number 1 would be incredible, but Ethereum is still winning today.
I also agree with you that Polkadot has not yet become a competitor to Etherium. Although Polkadot's project is good and moving very fast, I believe Polkadot will have to wait a long time to become an Ethereum competitor. Because the fidelity and acceptability of etherium is still higher than that of Polkadot.
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Yes @Rafiq you're right Polkadot moves very fast, but it moves very fast because among other things it has a store called CoinMarketCap (Binance), Ethereum did not have that help. I have nothing against Polkadot, but I don't like him precisely because of that, because he has a showcase that millions of people visit every day, and that showcase belongs to the largest exchange in the world, in my opinion the former owners should not have sold CMC to Binance.
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Yes @Rafiq you're right Polkadot moves very fast, but it moves very fast because among other things it has a store called CoinMarketCap (Binance), Ethereum did not have that help. I have nothing against Polkadot, but I don't like him precisely because of that, because he has a showcase that millions of people visit every day, and that showcase belongs to the largest exchange in the world, in my opinion the former owners should not have sold CMC to Binance.
Still PolkaDOT isn't a competitor of Ethereum at all but we can't drop the possibility in the near future or longer future. Already it has drawn huge attention of the investors, project developers, token developers and many crypto lovers. Now there is only 9x difference between Ethereum and DOT by marketcap but DOT will have to do a lot of proofs to minimize this gaap.
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Everything is completely owned by Polkadot and if Polkadot is able to continue to create tokens that are on the blockchain network then it could become a competitor for Ethereum.
What is interesting about Polkadot is the transaction fees which allow it to be cheaper than Ethereum con transactions.
And I have to learn more about how the Market Cost Parachain Slot with Unlimited works.
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Everything is completely owned by Polkadot and if Polkadot is able to continue to create tokens that are on the blockchain network then it could become a competitor for Ethereum.
What is interesting about Polkadot is the transaction fees which allow it to be cheaper than Ethereum con transactions.
And I have to learn more about how the Market Cost Parachain Slot with Unlimited works.
Yes i am agree to you that if polkadot team perform continue then polkadot can be competitor of ETH. Now ETH transaction is very expansive, so difficult to sent any erc-20 token to other wallet.now this is become a big problem for ETH supporters. I hope polkadot takes the chance of it. Let's see
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I never think that DOT will beat ETH as ETH team also very much active in market. They have come with ETH 2.0 new version and i think when it will full launch price will be too much high that we did not see before. I hope ETH will be ranking one of all altcoins.
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I hope ETH will be ranking one of all altcoins.
TBH, i also wish for that , but it's possible for polkadot or others to be ranking on as nothing is impossible into crypto. As for now, polkadot is on hype as more and more development is going on parachain. Lets see what happen next as alt market is more bullish than January.
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In my opinion polkadot will never be the next competitor of ethereum because the circulation supply is 114,554,327 eth where the circulation supply of 907,342,012 DOT is not similar at all. On the other hand ethereum has a strong team which are trying there best in developing their position.
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Ethereum
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
PolkaDot
Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other.
Ethereum and Polkadot are both open source protocol. Ethereum is already proved and Polkadot is a growing coin in the same field. Ethereum is the most popular Altcoins where Polkadot is growing one of the top popular coins. Many of us believe that Polkadot will compete with ethereum in the near future. What do you think?
(https://i.imgur.com/CteTbGF.png)
Image Credit: https://www.purestake.com
I think Polkadot is not a competitor of Ethereum now. Cause Ethereum created it’s strong position in crypto market and it’s team always trying to do best in developing their position. But in near future polkadot beat ethereum, I personally hope that. Because, in short time it’s creat a great position in every crypto lover's and investors's heart.
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I think Polkadot is not a competitor of Ethereum now. Cause Ethereum created it’s strong position in crypto market and it’s team always trying to do best in developing their position. But in near future polkadot beat ethereum, I personally hope that. Because, in short time it’s creat a great position in every crypto lover's and investors's heart.
Yes, me too. I also hope polkadot could beat Ethereum at the coming future. But I think It's really difficult. Because ethereum is stronger and more popular than polkadot. It will take several years again, I think
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Of all the coins after the DeFi project, polkadot is one of my favorite coins. Again, Ethereum's position is far ahead of that of Bitcoin. So hopefully the future will be the same as polkadot etharium.
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Most likely it is, because Polkadot is a new project and this project has really incredible technologies that are very popular and in demand and the possibilities of this project are incredible, and in general Polkadot is already in 6th place on CMC and this is already very close to Ethereum, so I am sure that Polkadot and Ethereum will soon be very close to each other.
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I also think that in the future Polkadot will be a pretty great competitor for Ethereum because Polkadot is quite popular for Vary coins.
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It seems to me that this polka dot token will compete with Etherium in the future. Because at present the demand for this polka dot token is increasing in that way. It seems like it won't take long To compete with the popularity of Ethereum, however, one thing we must keep in mind is that Ethereum is the second most popular coin after Bitcoin.
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DOT Price Statistics
Polkadot Price Today
Polkadot Price $28.25
Price Change
24h
$-1.42 -5%
24h Low / 24h High
$27.47 / $30.03
Trading Volume
24h
$4,661,980,964.33; -1.39%
Market Dominance 1.74%
Market Rank #6
Polkadot Market Cap
Market Cap $25,762,872,636.88 -4.96%
Fully Diluted Market Cap
More:
https://coinmarketcap.com/currencies/polkadot-new/
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There is no doubt that polkadot could become the next competitor for ethereum in the way polkadot is spreading.