Jonathan Hobbs

6 months ago5 mins

Could Polkadot And Its Gang Of Parachains Be Ethereum’s Killer?

Could Polkadot And Its Gang Of Parachains Be Ethereum’s Killer?

Jonathan Hobbs

6 months ago5 mins

Could Polkadot And Its Gang Of Parachains Be Ethereum’s Killer?
  • Ethereum is by far the largest and most successful smart contract blockchain, but it’s got rivals with great technology that are trying to outdo it.

  • Polkadot, founded by Ethereum’s former chief technology officer Gavin Wood, splits its blockchain into different components to make it faster and slicker than Ethereum.

  • Buying DOT, or tokens in Polkadot parachain auctions, could be good long-term plays. A more advanced strategy is to buy DOT and lend it to would-be parachain winners in exchange for tokens of those projects.

Ethereum is by far the largest and most successful smart contract blockchain, but it’s got rivals with great technology that are trying to outdo it.

Polkadot, founded by Ethereum’s former chief technology officer Gavin Wood, splits its blockchain into different components to make it faster and slicker than Ethereum.

Buying DOT, or tokens in Polkadot parachain auctions, could be good long-term plays. A more advanced strategy is to buy DOT and lend it to would-be parachain winners in exchange for tokens of those projects.

There’s always speculation about which blockchain might someday be the “Ethereum killer”, able to knock the No. 2 blockchain off its perch. And it seems like Polkadot and its parachain technology is shaping up to be a prime suspect…

Could Polkadot be a better blockchain than Ethereum?

Well, it certainly seeks to address some of its shortcomings. Ethereum co-founder Gavin Wood played a huge role in building the No. 2 blockchain from the ground up. He was the project’s chief technology officer, and he even invented the Solidity programming language that coders use to write Ethereum smart contracts – complex crypto transactions that make things like (https://www.finim

Limited introductory offer

Subscribe Now 50% Off

Get full access to daily stories, insights, deep-dives, interviews, podcasts, and more

Have an account? Log in