The business magazine Bloomberg has chosen Polkadot as the new Ethereum Killer.
However, experts in the industry believe that both projects can coexist and have significant differences.
In the past, there have already been many projects that wanted to claim the status of the “Ethereum Killer.” One of them is TRON, which has often attacked Ethereum through aggressive marketing actions by CEO Justin Sun. According to the news magazine Bloomberg, Polkadot could potentially replace Ethereum in the long run.
Is Polkadot really an Ethereum killer?
Polkadot is a comparatively young project that officially migrated to the Mainnet in July. Since then, Polkadot has attracted numerous investors and has fought its way up to rank 8 of the largest cryptocurrencies worldwide. Polkadot was founded by Ethereum co-founder Gavin Wood, who previously worked as Chief Technical Officer at Ethereum. Although the two projects are interrelated, industry experts say that they both have significantly different goals.
Ethereum offers developers a way to program, execute, and test dApps using Smart Contracts. Polkadot, on the other hand, gives dApp developers the ability to create their own blockchain that can communicate with other ledgers. The developers themselves decide how high…
