Bitcoin vs. Polkadot

In this article we'll compare Bitcoin and Polkadot. This is an indepth review that considers many metrics.

Overview

BitcoinPolkadot
Created bySatoshi NakamotoGavin Wood, Robert Habermeier and Peter Czaban
Native tokenBTCDOT
Consensus algorithmPoWPoS
Hashing algorithmSHA-256BLAKE2
Supports EVMNoNo
TPS51000
Block time (secs)6006
Layer10
Supports smart contractsNoYes
Average transaction fee$5.0973$0.08792
Staking rewards (APR)0%14.5%

Table of Contents

  1. Is Bitcoin faster than Polkadot?
  2. Is Bitcoin cheaper than Polkadot?

Comparison

Is Bitcoin faster than Polkadot?

No, Bitcoin processes 5 transactions per second and Polkadot processes 1000.

Is Bitcoin cheaper than Polkadot?

No, Bitcoin has an average transaction fee of $5.0973, whereas Polkadot costs $0.08792.