Polkadot vs Ethereum

Polkadot and Ethereum 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 CzabanVitalik Buterin
Native tokenDOTETH
Consensus algorithmPoSPoS
Hashing algorithmBLAKE2KECCAK-256
Supports EVMNoYes
Block time (secs)612
Supports smart contractsYesYes
Average transaction fee$0.08792$17.48
Staking rewards (APR)14.5%3.31%

High-level Comparisons

Is Polkadot faster than Ethereum?

Yes, Polkadot can process 1000 transactions per second. Ethereum only processes up to 27.

Is Polkadot cheaper than Ethereum?

Yes, Polkadot has an average transaction fee of $0.08792, whereas Ethereum costs $17.48.