Polkadot vs. XRP
In this article we'll compare Polkadot and XRP. This is an indepth review that considers many metrics.
Overview
| Polkadot | XRP | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Jed McCaleb, Arthur Britto and David Schwartz |
| Native token | DOT | XRP |
| Consensus algorithm | PoS | RPCA |
| Hashing algorithm | BLAKE2 | RPCA |
| Supports EVM | No | No |
| TPS | 1000 | 1500 |
| Block time (secs) | 6 | 10 |
| Layer | 0 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.08792 | $0.0002 |
| Staking rewards (APR) | 14.5% | 3.03% |
Table of Contents
Comparison
Is Polkadot faster than XRP?
No, Polkadot processes 1000 transactions per second and XRP processes 1500.
Is Polkadot cheaper than XRP?
No, Polkadot has an average transaction fee of $0.08792, whereas XRP costs $0.0002.