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
Comparing Metrics
| Polkadot | Monero | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Riccardo Spagni |
| Native token | DOT | XMR |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | BLAKE2 | randomx |
| Supports EVM | No | No |
| TPS | 1000 | 1700 |
| Block time (secs) | 6 | 120 |
| Layer | 0 | 1 |
| Supports smart contracts | Yes | No |
| 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.