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
Comparing Metrics
| Bitcoin | Polkadot | |
|---|---|---|
| Created by | Satoshi Nakamoto | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | BTC | DOT |
| Consensus algorithm | PoW | PoS |
| Hashing algorithm | SHA-256 | BLAKE2 |
| Supports EVM | No | No |
| TPS | 5 | 1000 |
| Block time (secs) | 600 | 6 |
| Layer | 1 | 0 |
| Supports smart contracts | No | Yes |
| 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.