Polkadot is complementary to Ethereum. However, a detailed understanding of what Polkadot offers has led many to believe it will overwrite Ethereum’s Web3 narrative, argues Oleh Mell, developer of SubsocialChain.
Ethereum 2.0 will also make use ofas a scalability solution that will see the network broken into smaller pieces that can process transactions in parallel. In theory, this will allow Ethereum to process an infinite number of transactions per second, but in practice, it will be limited by the number of shards created.
As a core blockchain infrastructure company, Parity Technologies provides several tools and software that allow developers to launch their blockchains quickly and easily. The Parity Substrate is a toolkit for building custom blockchains from the ground up, and it powers some of the most popular blockchains in the world, such as Polkadot, Kraken, and Chainlink.
Subsocial is made up of two communicating Substrate blockchains with social interactions built into the code . In terms of validators, Polkadot uses a Nash equilibrium staking game that incentivizes validators to behave in a way that is best for the network as a whole. This is different from Ethereum's current emphasis on rewarding miners for their efforts, which often leads to centralization and high barriers to entry.
While Polkadot boasts a ton of features and improved capacity, it is still in its nascent stages, with only a handful of applications running on its network. At the same time, Ethereum continues to be a jack of all trades, with hundreds of thousands of developers and projects, which gives it a significant advantage in terms of adoption.
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