Deciding between Polkadot - various factors
Both Polkadot and Ethereum are significant have different design philosophies and features:
- First and most well-known smart contract platform.
- Large and established ecosystem with a massive developer community.
- High network activity and liquidity due to its widespread adoption.
- It will be Transitioning to Ethereum 2.0, which aims to address scalability and gas fee issues.
- Its a multi-chain blockchain platform that enables interoperability between different blockchains.
- It mostly Focused on providing a scalable and secure environment for building decentralized applications.
- Here it is Designed to connect various blockchains, allowing them to exchange data and assets seamlessly.
Polkadot 1.0 is over and now the time Polkadot 2.0 will gain attention and it can expands to 1000 parachain where earlier the whole model is such design only 100 parachain was able to connect through relay chain. Once the updation happened the whole blockcpace time will be gained and the total transaction speed as well raised. Crowdloan taken will be decided by how much polkadot token you are holding.
Common co-founder Gavin Wood Currently step down from CEO post in polkadot.