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
Comparing Metrics
| BNB Chain | Polkadot | |
|---|---|---|
| Created by | Changpeng Zhao | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | BNB | DOT |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | BLAKE2 |
| Supports EVM | Yes | No |
| TPS | 2200 | 1000 |
| Block time (secs) | 3 | 6 |
| Layer | 1 | 0 |
| Supports smart contracts | Yes | Yes |
| 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.