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