Ethereum Developer Works On Dothereum After Increasing Polkadot Competition
Developer Works On Dothereum After Increasing Polkadot Competition
The Polkadot Network is growing in the market and it is becoming a very important competitor for Ethereum (ETH). Backed and developed by Parity Technologies, the Polkadot Network is a blockchain that focuses on interoperability.
There is now an Ethereum developer that started working on Dothereum, which is a copy of Ethereum but based on Polkadot’s technology.
Dothereum: A Smart Contract Parachain
There have been several discussions in the Ethereum community on whether it would be a good idea to start focusing on a “Big Tent” approach. This makes reference to multiple blockchain projects, for example. At the same time, they have been debating whether it is necessary to have more aggressive or defensive stances regarding Ethereum and how it deals with competitors.
One of the major competitors for Ethereum is not a blockchain network such as Tron (TRX) or EOS, but Polkadot. The platform has been designed to tackle use cases that ETH 2.0 tried solving as well.
The Polkadot Network is a multi-chain blockchain technology that has been designed around parachains. The network and the digital currency DOT are expected to go live as soon as this year. Apparently, Polkadot will beat ETH 2.0 that aims a improving Ethereum with the implementation of Plasma, Casper and also sharding.
Polkadot became a hot topic among the Ethereum community when the popular developer Afri Schoedon Left Ethereum. Back in February, Schoedon announced that he quit Ethereum after he was criticized for publishing a meme about Ethereum and Polkadot.
Schoedon worked for Ethereum and also for Polkadot, thus he was accused of preferring Polkadot rather than Ethereum. The community believed that there was a conflict-of-interest. Some individuals believe that Afri decided to start working on Dothereum rather than on other projects.
Currently, Ethereum is the second largest virtual currency in the market. Each ETH can be bought for $164 and it has a market capitalization of $17.35 billion.