The Binance chain is the native blockchain of Binance, the world’s largest cryptocurrency exchange by trading volume. The project was born of a need for a decentralized, transparent and immutable blockchain that can be used as a public ledger for recording all transactions on the platform. The new chain will serve as the foundation for Binance’s native DEX and will also feature tools that will enable third-party developers to develop their own decentralized applications (dApps) based on the technology. Binance hopes its blockchain will “provide an underlying layer of a seamless financial infrastructure, driving rapid growth in digital asset adoption.”

BNB Chain

Polkadot is a blockchain platform that isn't like most blockchain platforms. It's designed to support a wide range of use cases, from financial transactions to distributed applications and even private data storage. It allows users to create their own blockchains, which can be customized in a variety of ways.

	BNB Chain	Polkadot
Created by	Changpeng Zhao	Gavin Wood, Robert Habermeier and Peter Czaban
Native token	BNB	DOT
Consensus algorithm	PoS	PoS
Hashing algorithm	KECCAK-256	BLAKE2
Supports EVM	Yes	No
TPS	2200	1000
Block time (secs)	3	6
Layer	1	0
Supports smart contracts	Yes	Yes
Average transaction fee	$0.35	$0.08792
Staking rewards (APR)	0%	14.5%

BNB Chain vs. Polkadot

Overview

Table of Contents

Comparison

Is BNB Chain faster than Polkadot?

Is BNB Chain cheaper than Polkadot?