Not to mention actual working smart contracts, massive adoption already, billiins total value locked and >1 billion daily volume on dexes etc. 7K subscribers in the deficryptos community. Join the conversation, get answers to your questions and follow Polkadot latest news. In my humble opinion, Polygon is EVM compatible so you can easily use it with Metamask, so to me seems like mass adoption would be easier. Not shilling it's definitely a gamble. Polkadot has finality of 60 seconds within its ecosystem with each parachain capable or around 1000 tps. thanks, I have read Ethereum's whitepaper. ATOM becomes in the future something like AMD vs. ) Polkadot isn't a bad project but I think Cosmos is better. 87. Algorand (ALGO) vs Polkadot (DOT) Polkadot (DOT) DOT uses an inflationary staking strategy, which increases the overall amount of polkadot in the system and the amount in your bag every year. Jan 5, 2024 · Polkadot Definition. Polkadot is great though, very innovative ideas but the project took a hell of a beating during this bear I also am unclear why there is a rivalry between DOT vs ADA, as the Polkadot platform is layer 0, and Cardano (ADA) is layer 1. Good to have issues due to stress on the network meaning many people using it rather than dead chain. Sep 1, 2022 · In case of low turnouts in the voting referenda, the polkadot has to use a biased algorithm to make decisions of fund allocation and fees. Thorchain on the other hand requires cross chain liquidity pools on either side of the blockchains which dkkc19. Imagine running windows 10 inside a virtual machine in Windows XP, that is Polygon. If your proposal passes the council committee, it will go to the technical committee. 11. Others are doing it without funding as well. PolkaDot pays high staking rewards but it has no cap and a high inflation rate - which is why the staking rewards are so high. 12. and that Polkadot grew out from ethereum's limitation. Polkadot refers to a blockchain platform that supports multiple blockchain projects. There are better options out there to get your Dai directly on chain with onramp services like Transak. Cardano is a project which takes a achedemic approach of rolling out product in phases. Yes. 41%) or Chainlink (LINK-4. We are Reddit's primary hub for all things modding, from troubleshooting for beginners to creation of mods by experts. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security. Dec 14, 2021 · On that note, we asked two of our cryptocurrency writers to hash out whether Polkadot (DOT-5. com, the range of interest rates is similar to that of Polkadot, which is around 6% to 14. This network protocol allows for the transfer of arbitrary data besides tokens. For context OP - Polygon uses Tendermint and the EVM (Ethermint) with a 5 of 8 multisig. The gas fees can change and fluctuate depending on blockchain load. Polygon is currently operational, and works on top of the Ethereum base layer. Features, Pros and Cons of Solana, Polygon, and Ethereum It isn’t a pity. 2 and has been going up. I'de say it's around 50-60%, the other being made up of Polkadot projects (Phala, Zeitgeist) 45 % Dot 5% Ksm 50% Btc. Percentage of portfolio value and percentage of portfolio cost two different things. Aktuell ist Polkadot etwa -88,88 % vom letzten Allzeithoch 51,53 € vom 04. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. 2: You enjoy perks like shared security , Validators, Collators of Polkdaot network as a parachain But on Cosmos you have to appoint your own Validators. Literally seeing “here we go again Welcome to the community led Polkadot subreddit! Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. They’re both very powerful and useful scaling solutions however if I’m going to be honest, I have to state that Polygon does indeed have more use cases. The leading community for cryptocurrency news, discussion, and analysis. It aims to promote a multi-chain network that is heterogeneous. Feb 23, 2021 · Polkadot & Polygon: Comprendre la fonctionnalité multi-chaînes Sandeep Nailwal, cofondateur de Matic et de Polygon, explique que la nouvelle approche de Polygon intègre une variété de mécanismes liés à l’interopérabilité, comme les systèmes de messagerie asynchrones et un éventuel « rollup superposé » combinant des plates 12 votes, 19 comments. •. The main different between Cosmos and Polkadot is that blockchains on cosmos have to be in charge of their own security, meanwhile on Polkadot the relay chain provides security for its parachains. It's nothing that BTC wants. I think that's the exact reason why DOT is likely to be a massive success. 50% Dot 50% Pokt. Tether has seen significant growth on the Polygon network, now holding a 53% share of Polygon's stablecoin market with a market cap of $792 million. It's market cap is under $50 million which is about 100X smaller than Ethereum's first DeFi token (UniSwap). Dot is going to make people more profit. Sharding can bring the fee down by 10 to 30 times, but still costs much more than Polygon fee and block time still much slower than Polygon. Polkadot hasn’t even launched parachains, though 5 of them are live on Kusama. This all massively changes the economics of the DOT network, and the utility of the coin itself. It’s not mentioned in the context of - we’re still committed to DOT - It’s a tie in with layer 2 to ETH. Even though polygon is top of the game in layer 2 solutions with everyday new tie ups and integrations who are the top 3 competitors for polygon? whats your view on Optimism , SKALE , Loopring and hermez ? To my understanding, Optimism will just use ETH and is not investable beyond buying more ETH. Cardano is a separate network, which Avalanche VS Ethereum VS Cardano VS Polkadot. It’s true polygon has lower fees, but eth has more user base and higher potential price growth. Projects, Coins, Chains, News… There is no limit on the number of subnets / blockchains there can be on Avalanche. Also, Polkadot governance & consensus is much different than Cosmos. Share. I hear often that DOT has better tokenomics because you need DOT for the Parachains but you come only to this conclusion if you ignore that shared security is Polkadot has been producing blocks consistently since it launched in May 2020, so in that sense it's "still alive". Algorand (ALGO) Bitcoin has now been approved as legal tender in El Salvador. Acala’s Karura parachain is your best bet today. Polygon ist im Vergleich etwa -79,56 % vom Allzeithoch 2,71 € vom 26. The network can be broken into separate layers with the Polkadot relay chain operating as the core communication layer. Because the people behind it deliver, there is basically no bad news about DOT. Award. Sort by: Add a Comment. Any blockchain can become a hub of Cosmos. They’re getting partnerships which obviously means they have succeeded in marketing to business partners. Cardano would be a replacement for L1 solutions and Polygon would be a layer on top of L1 solution to make transactions insanely cheap. Person B in Greenland also owns a Bank. I realize how much being first to market means to people in business now. Polkadot will prevail because of the morphing from a security as it once was to now software. Beide Plattformen zielen auf Skalierbarkeit und Interoperabilität ab. Maybe DOT vs. Picture it as a virtual machine. He was a core developer on the project until leaving to start Polkadot in early 2016. From my understanding - cosmos is trying to connect Blockchains without the need for cross chain liquidity pools - using cosmos hub which keeps account of various transfers in different pools/blockchains, and dapps which can run cross chain. Optimism will probably take a lot of dapps, but Matic will take the more centralized things built on top of Ethereum, which like it or, is always going to be a Sep 4, 2023 · In the fast-paced world of blockchain technology, Polkadot and Solana have emerged as two formidable platforms, each with its own unique approach to scalability, security, and interoperability. " On August 2020 DOT price was between $2 - $5 the year after it hit $55. € ein ca. 30K Members. 173K subscribers in the CryptoCurrencyTrading community. While Cardano provides a decentralized network for dApp development and smart contracts, Polkadot aims to provide greater interoperability to networks that choose to build upon its foundations. Polkadot's whitepaper originated back in 2016. Chance is high DOT will run in 2025, so im just stacking and staking. The problem here is data, specifically a blockchain's ability to retrieve accurate and reliable information in a secure and permissionless way. . Whether you're an investor Polygon is rolling out different educational initiatives which appears to take time. Polkadots governance offers additional benefits that act as a more secure umbrella to the entire network while simultaneous allowing independent task management for processing and 9. Jun 19, 2023 · Polygon & Polkadot im Vergleich. We ask that you please take a minute to read through the rules and check out the resources provided before creating a post, especially if you are new here. 0) the reasoning is the same: "we solve the scalability problem, the high fees problem, the current number of tx in ethereum in X and ours is Y, the gas fees in ethereum are Z and ours is W. Both protocols are predicated on the thesis that the future will have multiple blockchains that need to interoperate with each other rather than individual blockchains existing in isolation. 13%) is the better play on cross-chain connectivity tokens right now. Polkadot handles transactions in parallel and can grow indefinitely, which is hard to match if the projections come true. 4: Polkadot has a shady governance system which many claim is extremely good but a competitors with more DOT Nov 30, 2021 · Polkadot hopes to tackle problems of scalability and interoperability in blockchain technology, while Solana is a blockchain that hopes to provide speed and low fees. Polkadot is securing 48 L1 blockchains (parachains), so in that sense it's "still alive". 2021 would be comparable to 2025. Betting everything on it. Having said that, its surprising to me that when I visit other subs (Polygon, Solana, Cardano, Arbitrum, Optimism, Eth2. Reply. Polygon is a Cosmos Fork, with a couple of variations. lnguyen2993. 2024 is the same as 2020. It’s completely centralized like BSC. Fourth guy (Joseph Lubin) creates MetaMask. Tezos seems to have similar transaction fees and tps, but I worry about it's PoS mechanism. Reply reply. Staking DOT is harder but provides better returns. Polkadot currently consists of just the relay 10 votes, 26 comments. Wood played a vital role in Ethereum's development and rise. A mention of DOT is just that - a mention- there’s no conviction or the like from what I’ve read elsewhere. If the technical committee decides your proposal is harmful to the Polkadot, they can Solana will flip eth Polygon is working under eth. , except for the fact that the people I know tell me it is somewhat of a more advanced level in the blockchain. 0005 and $0. Polkadot, on the other hand, is designed to be a multi-chain network that enables This is the official subreddit of Polkadot. Thanks everyone! I used to do the same, buy on Gemini, transfer to Eth, bridge to Polygon. Intel. Moreover, Its multi-chain application environment for cross-chain computation and registries. There is a discussion of this subject in QRL: Quantum Resistent Ladger. Polygon is primarily focused on improving the scalability and usability of Ethereum through Layer 2 scaling solutions. will try reading it in depth. While the network is much more optimized its core is still Ether. On the other hand, Cosmos has a more relaxed set of rules and uses coin-vote for passing referenda. 50%. Polkadot is a next-generation blockchain network and, more generally, an ecosystem providing blockspace for all kinds of Web3 projects. 3: On both networks you get Cross chain Interoperability which is a good sign. Other blockchains have been paying for marketing, but Polkadot wanted to play it safe while certain aspects remained centralized. This looks like a scam. Polygon already faster AND cheaper than Cardano. There will be room for all these projects and people will try their flavor, and decide. Polkadot leverages a new style of consensus called GRANDPA (GHOST-based Recursive Ancestor Deriving Prefix Agreement). If they had beat ETH to market we wouldn’t even be having this discussion. From experience, using Avalanche feels better for the average transaction because of the low time to finality. FOCUSED-DISCUSSION. And dont get me started on Eth vs. Bank B also has it's own different regulations. Hear me out. Cardano Welcome to the community led Polkadot subreddit! Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. Toplerrr • Bronze • 3 yr. Bank A has its own security rules and regulations. Polkadot hat mit 130,04 Mio. Notably, Polkadot was founded by Ethereum co-developer, Gavin Wood. While the 2 projects are Nov 5, 2023 · The first thing you’ve probably noticed is that, despite their similarities, Cardano and Polkadot are fundamentally different. 🤠 Welcome to the unofficial Wild Wild West of r/CryptoCurrencyClassic! Here, we're all about… Should Polygon figure out LVL2 and bring ease of scaling to all those vertical Blockchains Yes. 20. Mar 14, 2023 · While both Polygon and Polkadot are designed to address scalability issues in blockchain networks, they have different use cases. if you send polkadot via polkadot blockchain to your phantom wallet your funds will be forever lost. In January 2021 DOT begun its big run and hit $55 on November. Polygon vs Loopring and my complete honest opinion on the subject: SCALABILITY. 39 Online. 17K subscribers in the CryptoCurrencyClassic community. Jul 19, 2023 · The Polygon Matic network’s gas fee is usually between $0. Feb 5, 2022 · It offers a yearly interest rate of 2. phantom wallet currently only supports sol or sol tokens (including bridged ones). Polkadot isn’t on investment radar, the coin has only been on the open market since 2020. haven't really read much about dot. , And since the rebrand and new team members they are on a rampage. Third guy (Gavin Wood) creates Polkadot. Solana has about 2k nodes, polygon like 100. I favor ATOM over DOT as Polkadot is more restrictive, pays for devs, is two years behind and has almost no users. that why there are more rules and regulations to even compete to be a parachain (more of a There's some similarities, sure. Buy_More_Bitcoin • Need some weed for my optimistic roll-up • 3 yr. So there seems to be two factions to handle transactions cheaply moving forward. Polygon, eine Layer-2 -Lösung auf Ethereum-Basis, ermöglicht schnellere sowie kostengünstigere Transaktionen und verbessert die Skalierbarkeit des Ethereum-Netzwerks. I personally like harmony ONE more than the other 2. Welcome to the community led Polkadot subreddit! Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. https://polygon. 70%. r/CryptoCurrencyTrading is a place for the open discussion on all subjects related to… 83K subscribers in the Crypto_General community. The primary differences is that The Graph works for all Ethereum based data and all Dapps built off of Ethereum including data on the Polkadot network. The fees appear to be around 0. But DOT is massively drowned out by other more exciting tokens. Now that we are fully decentralized it is a far better Cardano vs Polygon. Polkadot's overall vision is A LOT more exciting to me. Polygon believes in Web3 for all. At the time project was funded roughly $144mil. com coins (CRO) on their platform and for stake for 3 months. As always, DYOR. There will be an important role to play for both, especially as Matic has broadened their focus in their rebranding as polygon. Avalanche has sub 3 seconds finality (with most happening sub 1ms) with each subnet capable of around 4500 tps. 5 billion. They are completely different aproaches. Polygon currently does Plasma solutions and is OpenGov decentralized Polkadot completely, so now the community has voted in favor of funding some of them. You can get the highest interest rate by staking 4000 Crypto. • 3 yr. Polygon is a layer 2 solution to suck up Ethereum's fuck up! But DOT is a layer 0 solution which is coded from ground up. I hastily threw some money at PBR a while ago (not a ton, a 1% allocation of my portfolio), until I did some digging and realized they have no affiliation to Polkadot whatsoever, have essentially made no progress on their At this current time Polygon an L2 of ETH you have 3 choices for a transaction with the fastest one being 5-10 seconds. I am not hating on Cardano, I absolutely LOVE smart contract platforms and what they do/offer, especially when it also can act as a store of value with a hard cap limit (similar in respects to bitcoin). All the way. It is supposedly a smart contract platform but the smart contract part is still in development. 02% without many conditions. You can't run blockchains on top of Cardano, only smart contracts. Avax and Cardano are so much faster and cheaper than ETH it’s not even funny. Posted by u/neocybersonic - 10 votes and 12 comments It does appear to solve the same problems as The Graph. Cardano is more of an Ethereum replacement that is multi-layered so it’s easy to upgrade. Polygon works just like BSC but it offers more benefits: lower fees, more decentralized and it supports bridging assets from Ethereum natively. I hold all 3; DOT, ADA, ETH, and totally respect all the engineers who created them. Its POS consensus protocol is called Oroborus. 65 votes, 86 comments. I think ETH value will increase faster than MATIC, which is already happening. Powering the movement for a better web. at the time)in a contract without having access to the funds permanently. A new standard if you want so. Having this for nearly 2 years. Aug 14, 2023 · Polkadot operates as a multi-blockchain ecosystem. Understanding the difference between networks such as Avalanche (AVAX) vs Polkadot (DOT) can help you to gain a better understanding of the direction of the crypto industry. 2021 entfernt. Polkadot is a sharded protocol that enables blockchain networks to operate together seamlessly. Do your own Due… Flaresh. Its to a point where the news isn’t that surprising anymore. The difference between PBR tokens and ERC tokens is minimal other than the blockchain they reside on unless I'm mistaken. To me Cosmos is more like Android, where it tries to be compatible with every Blockchain irregardless of technology, and Polkadot is more like Apple, where it tries to create its own ecosystem with its own security, but at the same time would also have bridging to other networks. Why wouldnt it do a conservative 5x from dkkc19. 0 will take 12 months from now to be launched. That’s how they keep the fees so low. ” Yes, on PolkaDot you pay to vote. This layer handles consensus for the network. There used to be a good bit of support and hype behind DOT in the very early days and the price saw great gains. Why isn’t there more talk about polygon? Getting straight to the point, the ETH L2 narrative seems to be one of the most practical for any big company that wants to use some sort of NFT for a project. Others can join in to vote with their DOT. Tribalism goes nowhere. Ada is already a top 5 coin where matic hit in the top 20 so market cap wise it has lots of potential plus it has a product being used. You can run blockchains on top of Avalanche, an infinite amount, each capable of a minimum of 4,500 TPS (On avalanche TPS is CPU bound, so when we say Polygon (formerly Matic ) - Built by developers, for developers. Another important point is the market side. Gillioni. Cardano itself has the potential to dethrone everything else including Polygon but so far they lack a good marketing team and the development has been slow. SubQuery appears to only work on the Polkadot and Substrate networks so I think it can only support a subset of Dapps that use those. Solana there are 0 choices for transaction speed because your transaction will probably be done faster than you can switch phone applications or tabs if you I love Polkadot, and Gavin is royal class in this crypto world of course. If the proposal fails to pass, the treasury will confiscate all the DOTs who voted “Yes. Follow phantom wallet twitter profile to get info about the addition of other blockchains. Cosmos is "better". 0%. Polygon aims to “help create a better, open world, primarily by improving Ethereum infrastructure. Polkadot appears to have a higher tps and a well developed ecosystem. 2. • 2 yr. In my opinion, DeFi will become the highest growing sector of crypto in the coming years and given the potential of the Polkadot ecosystem combined with being their first DeFi toke, I think OM is poised for exponential growth. true. This subreddit is a place for news and discussion for anyone interested in Polkadot, the blockspace ecosystem for boundless innovation. At about 15% up from 5% a year ago. Yes sort of. I don't know as much about Cardano as Polkadot. Cosmos. 1. Avalanche is considered more of a layer 0 than layer 1 blockchain like Cardano. Ethereum 2. From which point mistakenly one of the devs locked forever 514k ETH ($66mil. Its Layer 2 solutions have made it easier and less expensive to establish stablecoins and payment solutions, attracting developers and users looking for a scalable and cost-effective Ethereum alternative. so I was guessing this is an extremely untapped ecosystem. Polkadot relies on a sharded multichain network – known as parachains – to process transactions in parallel on smaller chains. In fact a lot of major companies have ALREADY done this, including Reddit. So in my opinion and it's just my two cents and i could be terrible wrong you can't compare these cryptocurrencies. featherlight05. Solana has Nakamoto coefficient of 31, Polygon like 4. ” This summary is auto generated by a bot and not meant to replace reading the original article. ago. With Polkadot’s in-block, upgradable runtime, you can be assured that the process to incorporate quantum resistance (once proven/stable) will be effortless and quick. € zu verzeichnen. 01 DOT per transaction, which is roughly 10x what algorand fees are. However I like the deeper aspects of Polkadot and what it offers as a Layer 0 protocol. Polkadot and Cosmos are both protocols that provide an interface for different state machines to communicate with each other. In brief, Polkadot is a scalable, heterogeneous, multi-chain technology. It did a 20x - 30x from 2020 to 2021. The Deal with Polkadot. Polkadot is a 100% open-source project created to enable a decentralized web and better society. 100%. Without zkEVM for Loopring, Polygon has way more use cases right now. This bottom up approach helps in creating a product which evolves as per demand. This article offers a comprehensive comparison between these two giants, dissecting their consensus mechanisms, developer experiences, and potential for future growth. Much more room for growth. It is the first quantum-proof blockchain that is developing an EnQlave "capsule" for other blockchains Polygon is just a blockchain feeding off Ethereum and AVAX is a network of blockchains. For Crypto. 1 in the coming months. Open menu To add on to this Cosmos took the product first marketing later approach while Polkadot did the opposite hence why there are way more / more value locked in ATOM projects (LUNA, BSC, etc. This 29% growth quarter-over-quarter in Tether's market cap highlights its increasing influence and the broader adoption of stablecoins on Polygon, which overall has a market cap of $1. Lifeofahero • 2 yr. It hasn’t been around long enough. Aotrx • 2 yr. Polkadot hingegen schafft eine Multi-Chain-Umgebung, in der verschiedene Business, Economics, and Finance. Hey guys, This probably has been debated before, but I want an up-to-date answer on this 10 months old answer to the Polkadot vs Atom debate: “Person A in The Maldives opens a bank. The conversion rate is not always the best but if gas fees are high it's certainly cheaper this way. technology/. It Polygon, Polkadot, Algo are not really in direct competition with ETH. These other technologies - Bitcoin Lightning, eth2 sharding, Cardano, etc - all take a significantly different entity and make them faster. Solana is a technology developed from the ground up, with a diferent programming language with Decentralization, Scalability and security in mind. Therefore, developing country users will most likely prefer Polygon over Arbitrum whilst Eth OGs will prefer Arbitrum over Polygon. One can securely invest in these by staking them using StaFi protocol platform and at the same time receive rTokens which can be traded while still earning staking rewards. Idk about that. DOT and MATIC are great investment opportunities. Polkadot was created to be a meta-blockchain to build parachain bridges to *all* other blockchains, including ETH and ADA. Ethereum is a beast, just slow. The project's whitepaper was published in October 2016. Cardano has a fixed cap, so the staking rewards are lower but scarcity will help drive future price growth. 26,66 % niedrigeres Transaktionsvolumen (innerhalb 24h) als Polygon mit 177,32 Mio. Having said that, I’m not sure which one to use to sell NFTs as I’m a newbie. Aug 14, 2023 · The evolution of the crypto market can be seen in today’s top-performing networks. Now they are starting to try and make the case to the general public. But Polkadot and Cosmos want to be the web disruptors and build a decentralised version of the web2 and it's applications. Definitely DOT. The community to talk about defi, decentralized finance on crypto basis. Solana has a lot of issues to work through but we are all here bc we believe in the experience. After only being in 1 bullrun, of course it’s going to dump hard. People often talk about the two in the same breath, but the truth is they are far different from each other in Jun 27, 2023 · A beginner’s guide to the decentralized Web3 ecosystem. Crypto Welcome to the community led Polkadot subreddit! Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. Solana takes actual transactions and makes them happen very quickly and cheaply. All Things Crypto! Financial News and the Minerals needed to keep the Internet On. I am certain phantom will add eth or bitcoin first Apr 4, 2022 · Although Polkadot has a lot of potential as a "layer-zero" security protocol, Chainlink's battle-tested utility as a decentralized data oracle has proven that LINK can live up to its promise. Polkadot vs. So I'm gonna give you some dot benefits. The real game changer will be zkrollups in August if they can get general EVM working because they're planning zkrollups Aug 14, 2023 · Polkadot was the first of these two coins to have its concept hit the market. Polkadot is being developed consistently, with the main Polkadot-SDK repository having over 14'000 commits, with the last one 45 minutes ago Hi guys! I'm a Polkadot ecosystem super fan (I'd like to build something here in the future, for now I'm just an """investor"""), and I'm in love… THIS is what these other technologies are all doing with transactions. These high-performance smart contract programmable protocols provide more flexibility and scalability when compared to their […] Second guy (Charles Hoskinson) creates Cardano. And these products are capable of adding good X to MATIC. Zarathustra167. Secure, composable, flexible, efficient & cost effective. Sep 27, 2023 · Polygon has also seen the rise of stablecoins such as USDC and DAI on its platform. Polygon can already process 7k tps and does so at a lower transaction cost versus Arbitrum. Both are good and useful in their own ways, but you should compare Polygon to the C-chain on Avalanche which is an Ethereum Virtual Machine. 7. This is the reason I eventually chose Polygon over moving to Solana: Regardless of the fact that Solana is VERY centralized (and whoever tells you otherwise is completely biased), the Solana network keeps going down time after time again. Crypto analysts say the Polygon Matic gas fee could return to $0. pc pd tm ug tg xi ae lj sj ma