Blockchain Ethereum defi Ethereum 2.0

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

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cointelegraph.com

For most casual digital asset investors, the Ethereum 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.Unbeknownst to most casual investors, however, Polkadot's Substrate platform has been making massive inroads in the development of a parallel decentralized internet infrastructure that many believe will eventually eclipse Ethereum's.Related: The Polkadot architecture and introduction to the Substrate infrastructureEver since the release of the Polkadot white paper, its value as a bridge between Ethereum's ecosystem and the many possibilities that make up a Web3 internet experience has been at the forefront of Polkadot's main selling points.So, how exactly does Polkadot compare to Ethereum?

What's Ethereum's current progress towards a decentralized internet, and have Polkadot's parachains become a viable threat to the dominant smart contract network?

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