Post
Topic
Board Altcoin Discussion
Re: Is Polkadot going to Kill Ethereum?
by
bigcash2011
on 10/02/2021, 18:41:17 UTC
Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but  It is already Home of 197 projects those are working on its networks  and many more willing to join it.

This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
I do think that polka dot is a quality project with massive potential and it is already showing as the project has ranked quickly towards top 5 and also the value is increasing nicely.
But i will not call it Ethereum killer because ethereum is a giant ecosystem and it cannot be replaced by a new project.