Polkadot (DOT) recently has made all heads turn towards it. Being a decentralized, advanced web 3.0 blockchain along with complete secureness, Polkadot (DOT) blockchain users are rising every day. Yet, has Polkadot (DOT) got all the abilities to surpass Ethereum as the most preferred blockchain for all sorts of applications and smart contracts? Let’s find out.
Keith Bliss’s Views
The overall cryptocurrency industry yet crossed another desperate week. With the Bitcoin (BTC) at a surface of $30k and Ethereum (ETH) plunging down to $2k, nothing so far promising though. The complete cryptocurrency market is dripping down like anything. In spite of all this, regardless of cryptocurrencies, a new contender now emerged upon the battle on the decentralized blockchain. Firstly, the Polkadot, which is now gaining high attention in the industry. In addition, most features provided by Polkadot tend to be more innovative, secure, and completely user-friendly.
The renowned private investment technology company, Capital2Market’s President, Kieth Bliss showcased and put forth all his views upon the Polkadot. Also, he depicts the comparison between both Polkadot (DOT) and Ethereum (ETH), specifically. Bliss shared all his views on a recent webinar to Yahoo Finance Plus. Moreover, he compares Polkadot to Ethereum, as Ethereum is the most well-known decentralized blockchain network available.
As well, Bliss states Polkadot is an efficient competitor to the Ethereum network. Both are decentralized networks majorly focusing on the finance market. Accordingly, Bliss exclaims in recent days more programmers are into the Polkadot network for developing their applications. This is due to the fact Polkadot tends to be a lot safer. Besides, he carries on, most of the loopholes and negatives on the Ethereum blockchain are completely eradicated in Polkadot’s blockchain network.
DOT Vs. ETH
Bliss carries on further, most problems faced by the engineers and programmers with Ethereum network are not present in Polkadot’s network. It is well known that both are decentralized blockchains that support smart contracts efficiently.
On the contrary, Polkadot offers programmers to build their own blockchains which can be connected with each other. This feature is not available in Ethereum yet. Despite this, the particular technology is said to be incorporated in Ethereum 2.0.
However, Polkadot also faces certain hardships not due to the fall of the prices, but due to the regulations by the U.S. Securities and Exchange Commission (SEC). Finally, Bliss concludes investors have to be more cautious on whatever coins they are investing upon. Also, he suggests a background study on them and investing in prominent coins like the Polkadot.
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