What about POLKADOT?
I'm starting to look at blockchain projects to invest my hard-earned Tether in and I keep thinking about POLKADOT.
Polkadot is a protocol that connects blockchains — allowing value and data to be sent across previously incompatible networks (Bitcoin and Ethereum, for example). It's also designed to be fast and scalable.
What POLKADOT tries to do is to cross the barriers between blockchains so that they can interoperate with each other, which would solve many interoperability problems between blockchains that currently weigh heavily on DeFi solutions.
I like its concept and I like its development and governance proposal, it is also reaching a very interesting level of purchase and I do not rule out that it will be one of the successful ETHEREUM killers in the future, although the comparison in terms of adoption does not come close...for now.
Although I already have a few tens of DOT, I have the intention of buying more at the current level or lower to increase my long term stake,
what do you think?
do you think it is a good investment?
@toofasteddie
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What do you mean with "although the comparison in terms of adoption does not come close..."?
Adoption on ETH is enormous in comparison
It has to go high, definitely can be a good add-on the portfolio. Also, have you heard about CNS?
No, What is it about?
Centric is a dual token protocol, and CNS being its one part. I believe this asset and was just friendly suggesting if you can check it once. Only if you are looking to add some new alts to your portfolio.
great, I will, thanks
My pleasure 🙂
it looks like another Defi token more with self-use case , isn't it... besides, the chart is looking terrific... it pumped on the launching and after that, there was a massive dump, even when the total market was ATH...very weird.
Additionally, everything built on BSC chain is something to think twice... BSC blockchain is a centralized blockchain that can get destroyed as will by Binance
Is it? I didn't knew that man, seriously! I thought it to be a decentralized chain. Is this same with Matic chain as well?
nop, Matic is a decentralized blockchain as well as Fantom for instance but BSC is a blockchain which nodes are Binance property so, yes, they somehow work autonomously but the nodes and servers are from the same owner...
that's why is so important to look for things on which decentralization is a fact and not a partial fact.
BITCOIN is decentralized because nodes are totally distributed on miners which work independently, however,sometimes they use to mine in POOLS using their mining power together to get more likelihood of block reward (this is a centralized tactic as well however very different from BSC and, of course, totally fair)
Well, many thanks for this info. Now I need to raise this issue in that community lol! CNS was on Tron before and it has been just a year since it shifted to BSC.
TRON is even worse than BSC, escape
😁 This might be the reason they turn to BSC. Hope they are switching to something better like Matic in the near future.