HomeUncategorizedPolkadot vs. Ethereum: Two equal chances to dominate the Web3 world By Cointelegraph

Polkadot vs. Ethereum: Two equal chances to dominate the Web3 world By Cointelegraph

May 15, 2022

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Polkadot vs. Ethereum: Two equal chances to dominate the Web3 world

For most casual digital asset investors, the 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel the entire blockchain and crypto space closer to a Web3 reality.

Ethereum has been struggling with a lack of scalability and skyrocketing gas fees, and since it serves as the largest smart contract and DApp development platform, the move to a more reliable and scalable proof-of-stake (PoS) blockchain will be a welcome reprieve.

Oleh Mell is the developer of Subsocial, a social networking platform built to support the social networks of the future. These apps will feature built-in monetization methods and censorship resistance, where users will own their content and social graphs. Built with Substrate pallets, Subsocial is a one-of-a-kind in the Dotsama ecosystem, and designed specifically for social interactions. These interactions do not have to be specifically social networking, as Subsocial can support apps like YouTube, Shopify (NYSE:), or even Airbnb.