Bloomberg brands Polkadot an "Ethereum blockchain killer" in new article

Ethereum has long been the leading smart contract blockchain after its launch in 2015.

Bloomberg recently released an article branding the recently-launched Polkadot as an "Ethereum blockchain killer."

Ethereum has faced down many shortcomings over recent months that have made many take a look at its competitors.

According to a Bloomberg article released on Oct. 17, Polkadot is the answer.

Polkadot is a blockchain network built by Ethereum co-founder Gavin Wood.

"While developer interest in Bitcoin and Ethereum has declined, the number of monthly active developers building on Polkadot increased by 44% in the 12 months ended in May, the report found."

It's still well in the lead. By many measures, Ethereum remains in the lead of its blockchain competitors, even if its market share may be slightly slipping to new entrants like Polkadot, Solana, and others.

Ethereum is the only blockchain, after all, that the chair of the U.S. CFTC Heath Tarbert called "Impressive." He likened the network to the internet if Bitcoin was likened to email.

The platform has also seen serious institutional adoption, both in terms of ETH as an investment and Ethereum as a platform.

"I believe in a multi-chain world inter-connected by bridges. Polkadot and Cosmos will not replace Ethereum. Also wouldn't rule out chains like Near, Solana, AVA, TRON and others seeing development activity."