- Developments with the blockchains of Cardano (ADA), Polkadot (DOT) & Polygon (MATIC) have skyrocketed.
- Ethereum (ETH) blockchain may run out of the blockchain race soon.
- ETH 2.0 launch getting delayed will be the reason for ETH’s downfall.
The current trend in the present world is development and technology adaptation. If anything which fails to do the two will get out casted for sure without a future. In such terms, with the digital era at its brimming peak, the competition among the blockchain ecosystem is getting heated like anything.
The past 2 years has witnessed numerous developments among various blockchains. Apart from this, with the coming out of new tokens, so do new and improved blockchain platforms too.
Moreover, most of the blockchain platforms at present are trying to establish themselves by bringing out new features, technologies, easier scalability and adaptivity in all aspects. With such profuse developments, the big daddy of the blockchains, the Ethereum (ETH) blockchain may soon be outrun and dethroned.
Accordingly, owing to competition from highly scaling blockchains like the Cardano (ADA), Polkadot (DOT), Solana (SOL), Polygon (MATIC) and much more. Until or unless ETH 2.0 gets launched, the clock for the ETH blockchain is ticking!
In spite of all this the three most prominent blockchain platforms which ought to overtake ETH are the Cardano (ADA), Polkadot (DOT) & Polygon (MATIC).
With developments upon its blockchain platform, the Cardano (ADA) platform has been the hot news for the month. In spite of all this, it’s a moment to be listed upon the history of Cardano, with the launch of its Alonzo Mainnet Upgrade.
In addition, the new upgrade now enables the Cardano blockchain to enable smart contracts upon it. This new upgrade could be quite a trouble for ETH, as it’s the major gameplayer for smart contracts.
Moreover, Cardano’s development roadmap, which it has devised itself, shows a focused and solid path towards the future. This consists of five timeline periods, out of which now Cardano is in the third, the Goguen phase. The five timeline of developments are Byron, Shelley, Goguen, Basho, and Voltaire.
Accordingly, the Byron signifies the initial foundation, the shelly the decentralization time period, the Goguen the smart contracts , the Basho the scalability and the Voltaire the management and governance.
With still two more to go, it seems the first and biggest threat for ETH would be the one next in line to it!
The next in line for the battle with ETH for the ultimate blockchain throne, is the Polkadot (DOT). In terms of developments, the Polkadot has well established itself. Besides being an open sourced and decentralized platform, Polkadot specializes in profuse services for all DeFi projects. Also it includes the other financial services too.
Apart from this, the blockchain platform also allows efficient running for NFTs, and smart contracts too. In fact almost all the entities of the blockchain are available with the Polkadot platform effortlessly.
On the other hand, the major key feature of Polkadot and the reason for its hype is due to its DApps services and developers. Developers find the Polkadot platform to be more efficient, user friendly and faster for building their projects.
In spite of this, statistics shows that when questioned by 10 developers which platform they would choose, 6 out of 10 preferred Polkadot. Moreover, recent times has seen a shift among the developers from the ETH platform to the Polkadot.
In addition to all this, the Polkadot platform also has many new features and upgrades which are expected to be launched one after the other in the following months.
The third contender would be the Polygon (MATIC) which has been already compared with the ETH blockchain numerous times. Moreover, the Polygon itself is based upon the ETH platform, basically being a Ethereum layer-2 protocol platform.
In spite of all this, the Polygon platform majorly consists of ETH blockchain networks like the separate network chains and also the secured network chains. And so, the Polygon is similar to the Polkadot platform in many aspects too.
In addition, Polygon extends its service and adopts all sorts of blockchain entities. These profusely are the smart contracts, DeFi, DApps, NFTs and also blockchain gaming too.
Moreover, the point where Polygon excels over the ETH is the gas fees. As the gas fees of ETH have been hiked up recently, most developers and programmers prefer Polygon over ETH.
Therefore, it’s highly evident that the ETH 2.0 has to be launched as soon as possible, otherwise it may be the end for the ETH blockchain platform!
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