Monero vs. Polkadot
In this article we'll compare Monero and Polkadot. This is an indepth review that considers many metrics.
Overview
Monero | Polkadot | |
---|---|---|
Created by | Riccardo Spagni | Gavin Wood, Robert Habermeier and Peter Czaban |
Native token | XMR | DOT |
Consensus algorithm | PoW | PoS |
Hashing algorithm | randomx | BLAKE2 |
Supports EVM | No | No |
TPS | 1700 | 1000 |
Block time (secs) | 120 | 6 |
Layer | 1 | 0 |
Supports smart contracts | No | Yes |
Average transaction fee | $0.001 | $0.08792 |
Staking rewards (APR) | 0% | 14.5% |
Table of Contents
Comparison
Is Monero faster than Polkadot?
Yes, Monero processes 1700 transactions per second, whereas Polkadot only processes 1000.
Is Monero cheaper than Polkadot?
Yes, Monero has an average transaction fee of $0.001, whereas Polkadot costs $0.08792.