Monero vs Polkadot
Monero 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
| Monero | Polkadot | |
|---|---|---|
| Created by | Riccardo Spagni | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | XMR | DOT |
| Consensus algorithm | PoW | PoS |
| Hashing algorithm | randomx | BLAKE2 |
| Supports EVM | No | No |
| TPS | 1700 | 1000 |
| Block time (secs) | 120 | 6 |
| Layer | 1 | 0 |
| Supports smart contracts | No | Yes |
| Average transaction fee | $0.001 | $0.08792 |
| Staking rewards (APR) | 0% | 14.5% |
High-level Comparisons
Is Monero faster than Polkadot?
Yes, Monero can process 1700 transactions per second. Polkadot only processes up to 1000.
Is Monero cheaper than Polkadot?
Yes, Monero has an average transaction fee of $0.001, whereas Polkadot costs $0.08792.