Polkadot vs Arbitrum
Polkadot and Arbitrum 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
| Polkadot | Arbitrum | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Germans Gedgauds |
| Native token | DOT | ETH |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | BLAKE2 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 1000 | 4000 |
| Block time (secs) | 6 | 13 |
| Layer | 0 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.08792 | $0.101 |
| Staking rewards (APR) | 14.5% | % |
High-level Comparisons
Is Polkadot faster than Arbitrum?
No, Polkadot only processes 1000 transactions per second. Arbitrum processes up to 4000.
Is Polkadot cheaper than Arbitrum?
No, Polkadot has an average transaction fee of $0.08792, whereas Arbitrum costs $0.101.