Monero vs. Polkadot

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

Overview

MoneroPolkadot
Created byRiccardo SpagniGavin Wood, Robert Habermeier and Peter Czaban
Native tokenXMRDOT
Consensus algorithmPoWPoS
Hashing algorithmrandomxBLAKE2
Supports EVMNoNo
TPS17001000
Block time (secs)1206
Layer10
Supports smart contractsNoYes
Average transaction fee$0.001$0.08792
Staking rewards (APR)0%14.5%

Table of Contents

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

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.