Ethereum vs Polkadot

Ethereum 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 byVitalik ButerinGavin Wood, Robert Habermeier and Peter Czaban
Native tokenETHDOT
Consensus algorithmPoSPoS
Hashing algorithmKECCAK-256BLAKE2
Supports EVMYesNo
Block time (secs)126
Supports smart contractsYesYes
Average transaction fee$17.48$0.08792
Staking rewards (APR)3.31%14.5%

High-level Comparisons

Is Ethereum faster than Polkadot?

No, Ethereum only processes 27 transactions per second. Polkadot processes up to 1000.

Is Ethereum cheaper than Polkadot?

No, Ethereum has an average transaction fee of $17.48, whereas Polkadot costs $0.08792.