Why Polkadot is Better than Ethereum | Less Trust with More Truth

In this video, I am going to explain in simple terms, Why Polkadot is Better blockchain than the Ethereum blockchain. Polkadot has a much broader vision for decentralized blockchain chain development than Ethereum. Polkadot has introduced the concept of parachains, which is an advancement of what the Ethereum network is trying to do with Sharding. 




Less Trust with More Truth, that is what Polkadot is striving to offer.


What is Polkadot?


This is the simplest explanation of Polkadot cryptocurrency that I could find. Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains.




How Does Polkadot compare to Ethereum?


This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible.




Is Polkadot Secure? Is Dot Safe?


Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains.




What are the advantages of polkadot?


This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school's private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain.




Deep Dive into Polkadot Cryptocurrency:


Polkadot’s relay chain is built with Substrate, a blockchain-building framework that is the distillation of Parity Technologies’ learnings building Ethereum, Bitcoin, and enterprise blockchains.




Polkadot’s state machine is compiled to WebAssembly (Wasm), a super performant virtual environment. Wasm is developed by major companies, including Google, Apple, Microsoft, and Mozilla, that have created a large ecosystem of support for the standard.




Polkadot’s networking uses libp2p, a flexible cross-platform network framework for peer-to-peer applications. Positioned to be the standard for future decentralized applications, libp2p handles the peer discovery and communication in the Polkadot ecosystem.




The Polkadot runtime environment is being coded in Rust, C , and Golang, making Polkadot accessible to a wide range of developers.




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#polkadot #dot #web3 #ethereum #crypto #blockchain #cryptocurrency #gavinwood #polka



COMMENT

1

Gotty King
22 Nov

Interesting point of view

2

Tim Tom
24 Nov

Very interesting view, but I still believe that ETH goes its way...

10

Abidakun Edi
22 Nov

Polkadot network and etherum are both crpto it really doesn't matter to me which is better  thou I got your points clearly thou.  it depends on the one you more interested in  thou i prefer polkadot

1

Armghan Danish
23 Nov

Amazing point of view your explaning is wonderful 

11

JC P.
25 Nov

Polkadot's design is similar to SOC (System On a Chip) and SIP (System In a Package) architecture - a synergy of FPGA, GPU and CPU chips.

Tasks that are better suited for the dedicated, single-purpose chips are automatically directed to them for faster execution; allowing the main CPU to execute its tasks sans the burden of unnecessary processing.

The end result is a huge boost in overall efficiency.

In "blockchainesque", that means significant gains in both speed and scalability.

Thanks for the good info.

In lak'ech,

JaiChai

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