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

  1. Metrics
  2. Comparison

Comparing Metrics

Created byGavin Wood, Robert Habermeier and Peter CzabanJed McCaleb, Arthur Britto and David Schwartz
Native tokenDOTXRP
Consensus algorithmPoSRPCA
Hashing algorithmBLAKE2RPCA
Supports EVMNoNo
Block time (secs)610
Supports smart contractsYesNo
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.