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
Comparing Metrics
| Ethereum | Polkadot | |
|---|---|---|
| Created by | Vitalik Buterin | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | ETH | DOT |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | BLAKE2 |
| Supports EVM | Yes | No |
| TPS | 27 | 1000 |
| Block time (secs) | 12 | 6 |
| Layer | 1 | 0 |
| Supports smart contracts | Yes | Yes |
| 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.