Polkadot vs Monero

Polkadot and Monero 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 CzabanRiccardo Spagni
Native tokenDOTXMR
Consensus algorithmPoSPoW
Hashing algorithmBLAKE2randomx
Supports EVMNoNo
Block time (secs)6120
Supports smart contractsYesNo
Average transaction fee$0.08792$0.001
Staking rewards (APR)14.5%%

High-level Comparisons

Is Polkadot faster than Monero?

No, Polkadot only processes 1000 transactions per second. Monero processes up to 1700.

Is Polkadot cheaper than Monero?

No, Polkadot has an average transaction fee of $0.08792, whereas Monero costs $0.001.