Polkadot vs BNB Chain
Polkadot and BNB Chain 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 | BNB Chain | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Changpeng Zhao |
| Native token | DOT | BNB |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | BLAKE2 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 1000 | 2200 |
| Block time (secs) | 6 | 3 |
| Layer | 0 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.08792 | $0.35 |
| Staking rewards (APR) | 14.5% | % |
High-level Comparisons
Is Polkadot faster than BNB Chain?
No, Polkadot only processes 1000 transactions per second. BNB Chain processes up to 2200.
Is Polkadot cheaper than BNB Chain?
No, Polkadot has an average transaction fee of $0.08792, whereas BNB Chain costs $0.35.