This website uses cookies to ensure you get the best experience on our website

Polkadot versus Ethereum: What 's the Difference?

Crypto is an evolution since change is, after all, inevitable. In the quest to be better, faster, and better connected, Ethereum started improving on Bitcoin.

It subsequently became a dominant smart contracting platform, the home of ICOs,--and all other innovation there is-- making headlines in crypto.

Ethereum, in reality, up until this point in time, exemplifies all the possibilities of blockchain. From tokenization and efficiency, name them all.

Amid this, Polkadot is on the rise, promising much more than Ethereum without sacrificing guiding principles such as decentralization that genuinely describes a public ledger. 

Unlike Ethereum, which allows the deployment of smart contracts and launch of dApps, Polkadot enables smart contracting, dApp deployment, and the launch of individual, interoperable blockchains.

Polkadot blockchains are called Parachains. Using them, projects can easily create products with unique consensus algorithms, different from Polkadot, technically operating independently.

It is this interoperability and scalability potential of Polkadot which is convincing critics that eventually Polkadot will flip Ethereum to be the most active network. Parachains can communicate with Polkadot and all supported blockchains, making this innovation extremely powerful.

While Ethereum remains a blockchain of choice for most developers, over 470 projects are building on Polkadot as of early August 2021.

For more interesting tips and facts visit our Education Centre.

Have Questions? 

We're available 24/7 to help you. You can email us, or send us a message on WhatsApp, Telegram or Messenger!

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020