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