Polkadot vs Bitcoin

Polkadot and Bitcoin 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 byGavin Wood, Robert Habermeier and Peter CzabanSatoshi Nakamoto
Native tokenDOTBTC
Consensus algorithmPoSPoW
Hashing algorithmBLAKE2SHA-256
Supports EVMNoNo
Block time (secs)6600
Supports smart contractsYesNo
Average transaction fee$0.08792$5.0973
Staking rewards (APR)14.5%0%

High-level Comparisons

Is Polkadot faster than Bitcoin?

Yes, Polkadot can process 1000 transactions per second. Bitcoin only processes up to 5.

Is Polkadot cheaper than Bitcoin?

Yes, Polkadot has an average transaction fee of $0.08792, whereas Bitcoin costs $5.0973.