Bitcoin vs. Polkadot
In this article we'll compare Bitcoin and Polkadot. This is an indepth review that considers many metrics.
Overview
Bitcoin | Polkadot | |
---|---|---|
Created by | Satoshi Nakamoto | Gavin Wood, Robert Habermeier and Peter Czaban |
Native token | BTC | DOT |
Consensus algorithm | PoW | PoS |
Hashing algorithm | SHA-256 | BLAKE2 |
Supports EVM | No | No |
TPS | 5 | 1000 |
Block time (secs) | 600 | 6 |
Layer | 1 | 0 |
Supports smart contracts | No | Yes |
Average transaction fee | $5.0973 | $0.08792 |
Staking rewards (APR) | 0% | 14.5% |
Table of Contents
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.