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Polkadot Blockchain

  • Thread starter Thread starter Nova
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Nova

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While searching for the alternatives to the ETH. I came across the polkadot. It is one of the strong blockchain that allows you to manage the ETH like infrastructure but without those overloads and high transaction fees. And it seems like the blockchain seems to have some really good future.

Do you think polkadot can replace ETH in near future?
 
That we can never say, but we can hope ethereum will be free from the gas fee one day cos it's never their fault the gas fee was added
 
Dot, the native token of the Polkadot network, has flipped XRP to become the fourth-ranked token after its price rallied by more than 40% in just 24 hours. Since January 11, the token has now gone up by more than 100% to set a new all-time high (ATH) of $18.06 on January 16.
 
I am just getting to know about this polkadot Cryptocurrency today, and I have been so impressed so far with what I have discovered about it except for the fact that it has high fees for it's transaction processing.
As for being able to overtake Ethereum, only the future can tell that one as we can't really predict that happening, I will keep my fingers crossed on that one😜
 
Polkadot a promising coin ?Yes . Absolutely.Giving investors good return for their investment especially if you ve recently invested in it .However ,to overrun Ethereum is another class on it own .If that is ever possible, its surely not in the nearest future .But doesn't mean it can't hold it's own.
 
In the near future Polkadot will find it difficult to replace Ethereum, Polkadote is a multi-chain (parachain) protocol. The blockchain framework (Substrate) belongs to Polkadot. and capable of processing thousands of transactions per second. So that many people think the Pilkadot will replace Eth immediately.
 
I don't think polkadot (DOT) would be able to over take ETH now or in the nearest future, ETH has come a very long way and judging by it's current price it would be very difficult or nearly impossible for polkadot to put run ETH either now or in the nearest future.
 
Ethereum cannot replace bitcoin, likewise not any crypto currency can replace ethereum. If that could happy how could Ethereum become second currecy even though there were many currencies before ethereum
 
Nova said:
While searching for the alternatives to the ETH. I came across the polkadot. It is one of the strong blockchain that allows you to manage the ETH like infrastructure but without those overloads and high transaction fees. And it seems like the blockchain seems to have some really good future.

Do you think polkadot can replace ETH in near future?
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Your answer is already in your write up. I don't think a company will allow another company into it premises if he found out the company might become a threat to him.
 
I don't know Much about its used case. You can't be hundred percent sure of cryptocurrencies that is likely to overtake bitcoin and ethereum. Ethereum is the second largest cryptocurrency in marketing cap and price . It will be very difficult for ethereum to lose that position to another coin.
 
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