Polkadot vs. Solana
In this article we'll compare Polkadot and Solana. This is an indepth review that considers many metrics.
Overview
| Polkadot | Solana | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Anatoly Yakovenko |
| Native token | DOT | SOL |
| Consensus algorithm | PoS | PoH |
| Hashing algorithm | BLAKE2 | SHA-256 |
| Supports EVM | No | No |
| TPS | 1000 | 65000 |
| Block time (secs) | 6 | 0.4 |
| Layer | 0 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.08792 | $0.00025 |
| Staking rewards (APR) | 14.5% | 7% |
Table of Contents
Comparison
Is Polkadot faster than Solana?
No, Polkadot processes 1000 transactions per second and Solana processes 65000.
Is Polkadot cheaper than Solana?
No, Polkadot has an average transaction fee of $0.08792, whereas Solana costs $0.00025.