Polkadot's Battle with Ethereum's Base Layer
summary
Polkadot claims to solve scalability, governance and customization by letting teams build full chains with the Substrate framework instead of shoehorning into a VM; it runs real experiments on the Kusama testnet (staged PoA then decentralization) and plans token transfers within months. The network supports limited-capital deployment via parathreads as pay-as-you-go, offers on-chain upgradeability, and targets cheaper use of things like zero-knowledge proofs versus deploying on Ethereum.
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