With todays release of phase 0 of ETH 2.0, spirits are high and the industry as a whole is clearly a force to reckon with.
Although the release of ETH 2.0 hasn't brough the massive pump most people expected and people are left confused with the current market.
This is why I wanted to clear a few things up while making a cool comparison between ETH 2.0and Polkadot to give people a better insight which is a better investment and which project has better potential.
(Nothing I say is financial advice, just research and evaluations from it)
WATCH THE FULL VIDEO HERE: ETHEREUM 2.0 VS POLKADOT
To give a bried summary of the video here is my draft notes which I wrote down before recording it:
• Polkadot is driven by the web 3 foundation which consists of 50 people who focus solely on the future of blockchain technology
• They have a unique process of choosing the projects which become a parachain (officially join polkadot)
It is arguably one of the most difficult chains to get “listed” on
Maybe aside from EOS, because its so difficult to use
• They are building bridges to BTC, hyperledger and KUSAMA (which is the chain you join before Polkadot)
The TPS on DOT is 166,666 compare to the current ETH 20 and BTC for those of you who don’t know is 7
Eth 2.0
For those of you who are not aware the ETH 2.0 eth deposit address is filled up and they are launching on December 1st 2020 which should be a few days before this video.
But please note Eth 2.0 will be a slow roleout and the final stages are still in research and it can take years for it to fully complete.
Here is the roadmap:
First phase, or phase 0 as they call it:
Will be the beacon chain, the main chain
Which will make sure all the shard chains are upto date with the latest data (or DATA if you are an asshole)
Phase 1 will be the introduction of shard chains, which will basically be side chains and take some of the load from the Beacon chain by validating and adding new blocks to the chain
Phase 1.5 Change the current mainnet into a shard
And the final phase 2, will provide all capabilities such as: smart contract, connections between chains and most importantly the possibility for developers to design shards
Just shows how behind Ethereum is and in my opinion there is only 1 reason it is so valuable in price
And that Is because a vast majority of developers are experienced in developing on eth and not DOT or eos or cardano so when a project wants to create with crypto the go to is ETH.
The question is will ETH keep up? And will some take over? Will it be dot? Or someone else, let me know what you think.
Thats just some behind the scenes work from myself but if you want the full breakdown then go watch the video and let me know what you think
ETHEREUM 2.0 VS POLKADOT
