Polkadot vs XRP
Polkadot and XRP 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 | XRP | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Jed McCaleb, Arthur Britto and David Schwartz |
| Native token | DOT | XRP |
| Consensus algorithm | PoS | RPCA |
| Hashing algorithm | BLAKE2 | RPCA |
| Supports EVM | No | No |
| TPS | 1000 | 1500 |
| Block time (secs) | 6 | 10 |
| Layer | 0 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.08792 | $0.0002 |
| Staking rewards (APR) | 14.5% | 3.03% |
High-level Comparisons
Is Polkadot faster than XRP?
No, Polkadot only processes 1000 transactions per second. XRP processes up to 1500.
Is Polkadot cheaper than XRP?
No, Polkadot has an average transaction fee of $0.08792, whereas XRP costs $0.0002.