{"id":2450,"date":"2021-03-20T23:03:46","date_gmt":"2021-03-20T22:03:46","guid":{"rendered":"https:\/\/thecryptowolf.net\/2021\/03\/20\/crypto-conversation-right-on-the-dot\/"},"modified":"2021-03-20T23:03:46","modified_gmt":"2021-03-20T22:03:46","slug":"crypto-conversation-right-on-the-dot","status":"publish","type":"post","link":"https:\/\/thecryptowolf.net\/2021\/03\/20\/crypto-conversation-right-on-the-dot\/","title":{"rendered":"Crypto Conversation: Right on the ‘Dot’"},"content":{"rendered":"
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Polkadot. It was created as a solution to Ethereum\u2019s scalability obstacles — mainly that the Ethereum network can\u2019t handle as many transactions per second on the scale as other payment systems can. Polkadot hopes to solve this issue through the use of a process called “sharding.” That’s where instead of each node on the network having a full version of Ethereum\u2019s transaction history, the data is split up into shards and distributed. This allows the Polkadot network to validate transactions much faster than Ethereum can, at a lower cost.<\/p>\n\n
Ethereum fees are going through the roof, making alternative solutions such as Polkadot more appealing than ever.\u00a0<\/p>\n
At the time of writing, the Ethereum network handles about 15 transactions per second. By contrast, credit card payment systems process thousands of transactions per second. Not a good look for Ethereum 1.0.<\/p>\n\n\n
Looking at Polkadot, we see that its recent developer activity compares favorably to the cream of the crop \u2014 the top-ranking projects in the crypto universe.\u00a0<\/p>\n
A high developer score means that a project has an active developer community: a large number of contributors making regular updates. While projects may vary widely in technical architecture and goals, developer activity provides a common and easily understood metric by which projects can be compared, e.g. how many people are contributing to a project\u2019s health and feature set?<\/p>\n\n
Here\u2019s a granular look at developer contributions. The key takeaway is that Polkadot shows consistent contributions (i.e. surges of activity), indicating a dedicated developer community that stays committed to the project over time.\u00a0<\/p>\n\n
Metrics, like price, are reactive \u2014 they can tell you that a large number of buyers have become interested in purchasing tokens. A better standard to examine when assessing a project is: Does it have an active, engaged community of developers who are committed to making the project better by adding features and addressing vulnerabilities?\u00a0<\/p>\n\n
By that standard, Polkadot is an excellent example of a project that has attracted regular developer activity over time \u2014 and is now enjoying its moment in the limelight as a result.<\/p>\n
The Flipside Crypto Asset Score Tracker provides institutional and sophisticated retail investors the ability to track over 500 cryptocurrencies’ fundamentals. FCAS Tracker is currently free to a select group of new users as it continues to develop the product. Visit Flipside here<\/a> to gain access to Flipside Analytics.<\/em><\/p>\n<\/div>\n