Polkadot (DOT) Shows Signs of Being Able to Deliver Claim to be Super Alternative to EthereumOctober 24, 2020
Users opine that PCX will blow off the roof when Polkadot Ecosystem begins auctions. It just looks like Polkadot is set to reign as a high profile project set to go live.
Polkadot tweeted:”In an interview with Fortune, Wood pointed to a high rate of developer participation—a metric many in the tech industry use as a proxy for a project’s popularity—as a sign Polkadot is taking off.”
PolkaDot well know that they have built giant software networks with nodes around the globe and that providing services like the file storage and online contracts to anyone with a computer is not enough to have many people come to it. Blockchain and cryptocurrency are at a point in time where they are having to prove that they are more than just hype.
Polkadot has made it possible for functioning as a platform where Apps development, facilitating automated transactions like smart contracts, are all possible. Gavin Wood opines that Polkadot is a superior alternative to Ethereum and that they avoid slow processing times. They also state that they are able to provide easy ways to connect with other blockchains.
When talking in this regard, Sydney Ifergan, the crypto expert tweeted: “Polkadot (DOT) might easily be better than Ethereum for they are from the same grounds of play and they have worked on the old problem with a fresh perspective.”
Polkadot (DOT) Cross Chain With Ontology Network
When talking about Ontology Network’s DeID on Polkadot, they have to state that this parachain will bring cross-chain liquidity to the Polkadot network. Through this, we wish to further accelerate the development of the DeFi ecosystem and lower the barrier of entry for developers.
Ontology are building on Polkadot, as the sharded blockchain makes it possible to seamlessly connects multiple chains together in a single network, this accelerating the integration of both the ecosystems and further improving levels of trust and data sovereignty for users from across the industry.
Parity Technologies, one of the key drivers of the Polkadot ecosystem are set to provide Ontology with the technical support required to integrate their Decentralized Identity (DeID) solution, thus making it available in several other blockchains located within the Polkadot network.
The parachain is expected to make cross-chain liquidity possible on the Polkadot Network. Eventually, accelerating development in the DeFi ecosystem. Thus, the barrier for entry for developers will be eased further.