Ethereum vs. Polkadot
In this article we'll compare Ethereum and Polkadot. This is an indepth review that considers many metrics.
Overview
| Ethereum | Polkadot | |
|---|---|---|
| Created by | Vitalik Buterin | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | ETH | DOT |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | BLAKE2 |
| Supports EVM | Yes | No |
| TPS | 27 | 1000 |
| Block time (secs) | 12 | 6 |
| Layer | 1 | 0 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $17.48 | $0.08792 |
| Staking rewards (APR) | 3.31% | 14.5% |
Table of Contents
Comparison
Is Ethereum faster than Polkadot?
No, Ethereum processes 27 transactions per second and Polkadot processes 1000.
Is Ethereum cheaper than Polkadot?
No, Ethereum has an average transaction fee of $17.48, whereas Polkadot costs $0.08792.