Post
Topic
Board Altcoin Discussion
Re: Polkadot or Binance Smart Chain?
by
Matteorsini
on 02/11/2021, 13:09:07 UTC
There's been a lot of hype surrounding Polkadot these days. The alternative smart contract platform is definitely faster and cheaper to use than Ethereum itself. It's already within the top ranks in market cap. Yet, people have forgotten about Binance Smart Chain these days. This smart contract platform is as cheap and fast as Polkadot (someone correct me if I'm wrong), serving as a great alternative to the Ethereum blockchain. What these platforms lack is a solid number of dApps to overcome Ethereum. There doesn't seem to be any indication that developers are going to build new and exciting dApps on both chains. As long as Ethereum has the most dApps and tokens, its rivals won't be able to stand a chance against it.

Now the question is, which of the aforementioned platforms is better? AFAIK, Binance Smart Chain (powered by BNB) has a greater level of centralization than Polkadot itself. This should make the latter platform a much better choice for everyday people. Still, there's potential for BNB as it could attract businesses and companies in the mainstream world. Which will survive in the long run, is an excellent question. Thoughts? Huh
My portfolio currently consists of 40% BTC, 30% ETH and the rest are evenly spread out between my top fave altcoins - ADA, LTC and this promising gem called PAYB.  A DEX bridging BSC to the super-hyped Polkadot ecosystem.
I strongly believe these coins will bring me some good profits in this bull run.