|Created by||Gavin Wood, Robert Habermeier and Peter Czaban||Satoshi Nakamoto|
|Block time (secs)||6||600|
|Supports smart contracts||Yes||No|
|Average transaction fee||$0.08792||$5.0973|
|Staking rewards (APR)||14.5%||0%|
Table of Contents
Is Polkadot faster than Bitcoin?
Yes, Polkadot processes 1000 transactions per second, whereas Bitcoin only processes 5.
Is Polkadot cheaper than Bitcoin?
Yes, Polkadot has an average transaction fee of $0.08792, whereas Bitcoin costs $5.0973.