Hey Guys, What do you think about Polkadot? It was created by Gavin Wood who was also the co-founder of Ethereum. Sadly, not as famous as Vitalik. 😋
Do you think it will compete well with Polygon, Cardano, Cosmos, Ethereum, or any other sidechain projects?
https://leofinance.io/@rob23/polkadot-has-fallen-off-the-radar
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I know very little about it. I didn't even know it was founded by one of the Ethereum co-founders! I'll have to take a better look at the project.
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Besides the fact that it has a kingdom in CubFinance, I don't really follow it.
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Polkadot is a good scaling alternative, competitive within the space. They recently began auctions for parachain slots, but there has not been much publicity out there on the project as of late.
Polkadot's scaling is somewhat complicated and cumbersome. Much simpler solutions using simple bridges are available (Polygon/THORChain).
At one time I was very big on Polkadot but that has since waned. I mean it is still a great project with tons of potential, but the simpler scaling solutions have interested me more.
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For more on this, check out Kevin's THORChain vs Polkadot comparison that was done for our THORChain guide.
Good explainer as to why there are better solutions than Polkadot currently on the market and why the project's popularity has started to wane.
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