BNB Chain vs Polkadot

BNB Chain 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

BNB ChainPolkadot
Created byChangpeng ZhaoGavin Wood, Robert Habermeier and Peter Czaban
Native tokenBNBDOT
Consensus algorithmPoSPoS
Hashing algorithmKECCAK-256BLAKE2
Supports EVMYesNo
Block time (secs)36
Supports smart contractsYesYes
Average transaction fee$0.35$0.08792
Staking rewards (APR)0%14.5%

High-level Comparisons

Is BNB Chain faster than Polkadot?

Yes, BNB Chain can process 2200 transactions per second. Polkadot only processes up to 1000.

Is BNB Chain cheaper than Polkadot?

Yes, BNB Chain has an average transaction fee of $0.35, whereas Polkadot costs $0.08792.