Bitcoin vs Polkadot

Bitcoin and Polkadot are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.

Table of Contents

  1. Metrics
  2. Comparison

Comparing Metrics

Created bySatoshi NakamotoGavin Wood, Robert Habermeier and Peter Czaban
Native tokenBTCDOT
Consensus algorithmPoWPoS
Hashing algorithmSHA-256BLAKE2
Supports EVMNoNo
Block time (secs)6006
Supports smart contractsNoYes
Average transaction fee$5.0973$0.08792
Staking rewards (APR)0%14.5%

High-level Comparisons

Is Bitcoin faster than Polkadot?

No, Bitcoin only processes 5 transactions per second. Polkadot processes up to 1000.

Is Bitcoin cheaper than Polkadot?

No, Bitcoin has an average transaction fee of $5.0973, whereas Polkadot costs $0.08792.