|Created by||Gavin Wood, Robert Habermeier and Peter Czaban||Vitalik Buterin|
|Block time (secs)||6||13|
|Supports smart contracts||Yes||Yes|
|Average transaction fee||$0.08792||$0.0001|
|Staking rewards (APR)||14.5%||%|
Table of Contents
Is Polkadot faster than Ethereum Classic?
Yes, Polkadot processes 1000 transactions per second, whereas Ethereum Classic only processes 15.
Is Polkadot cheaper than Ethereum Classic?
Yes, Polkadot has an average transaction fee of $0.08792, whereas Ethereum Classic costs $0.0001.