Post
Topic
Board Altcoin Discussion
Re: Polkadot can take place of Ethereum?
by
Paycoinzzz
on 20/11/2020, 19:35:43 UTC
Polkadot offers better scalability than the ethereum blockchain. It offers relay chain, cross-blockchain features, forkless network, decentralized governance and all these are not available in the ethereum network. Actually, Polkadot offers all the solutions to those problems that the ethereum network can not. So many projects are using the Polkadot network. Do you think Polkadot is really Ethreum killer?
Polkadot has a better foundation but is unlikely to beat Ethereum's reputation. We can see other good examples like Bitcoin and Litecoin. Both 2 also use a Proof of Working mechanism but the value is very different. Even Litecoin is more advanced using the Skrypt encryption algorithm, which is much faster than the SHA-256 of Bitcoin but cannot compete with Bitcoin.
It shows that reputation and community are what makes it all. Fans of Ethereum are huge and beating this platform is difficult, unless Polkadot has a higher market cap than Ethereum Smiley