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

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 infrastructure

Ever 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? Here is a quick look at the technical details that differentiate Polkadot's ecosystem from Ethereum's upcoming upgrade.

To understand the value that Polkadot brings to the table, we must first compare Polkadot's Substrate and how it is different from what Ethereum is currently offering.

There is no denying that, at one point, Ethereum was considered a revolutionary technology and a sought-after platform for DApp development. Over the years, however, scalability has become Ethereum's Achilles