Polkadot (DOT) has been making their presence felt in the market since their launch. Polkadot seem to have scared even ChainLink and Ethereum according to some outlets. XRP and Tether are standing strong between Ethereum and Polkadot.
Does PolkaDot (DOT) have what it takes to overthrow XRP and Tether? Polkadot (DOT) Protocol focuses on ensuring that all the blockchains work in synergy with each other – interoperability. Ethereum has got almost every smart contract under the sun populated on its network. XRP moves money real quick cross-borders. Tether preserves value and provides stability.
So, every use case is worth of real time use. And the Competition ladder is tight. Will Polkadot succeed in reigning for perfect interoperability? Is it next in the line of Ethereum Killers by anyway?
The DOT token focuses on governance over the network, staking and bonding. Now that the period of hyper and excitement is over for PolkaDot, we are facing the numbers of reality and does the DOT utility have what it takes to over throw Polkadot.
So much of work is going on in Ethereum and dominating ETH takes some age and competence like the leadership at Cardano (ADA). Does Polkadot have it? While investors feel things are very appealing, reality should unfold itself with time. The Polkadot ecosystem already has active projects and we need to wait to see what they are ahead to.
Sydney Ifergan, the crypto expert tweeted: “Polkadot (DOT) powered by Gavin Wood a solid hand behind the development of Ethereum’s solidity programming language and Parity Technologies might evolve with time to rival ETH or promote interoperability!”
We need to wait to see if DOT will and become the one in the Top 3.
Polkadot (DOT) DeFI Beast
Also, the community is excited about how the DeFi beast is all set to wake up in the PolkaDot Network. Many people did not see Polkadot coming and they are like digging in and trying to understand the network.
For now the identifiable strength is, “It connects several chains together in a single network, allowing them to process transactions in parallel and exchange data between chains with security guarantees.”
Will the excitement fade or does it have the matter and material to be there beyond just a meteoric presence. We will see if the Buzz will fade as an Echo or stay there leaving its mark in the market like that which is etched on Stone.
