The XRP blockchain is a public, open-source ledger of all XRP transactions. The blockchain is distributed network of computers that are constantly and automatically updated by the actions of users. Each node (a computer connected to the blockchain network) keeps a copy of the blockchain that it receives when it joins the network.

Polkadot is a blockchain platform that isn't like most blockchain platforms. It's designed to support a wide range of use cases, from financial transactions to distributed applications and even private data storage. It allows users to create their own blockchains, which can be customized in a variety of ways.

	XRP	Polkadot
Created by	Jed McCaleb, Arthur Britto and David Schwartz	Gavin Wood, Robert Habermeier and Peter Czaban
Native token	XRP	DOT
Consensus algorithm	RPCA	PoS
Hashing algorithm	RPCA	BLAKE2
Supports EVM	No	No
TPS	1500	1000
Block time (secs)	10	6
Layer	1	0
Supports smart contracts	No	Yes
Average transaction fee	$0.0002	$0.08792
Staking rewards (APR)	3.03%	14.5%

XRP vs. Polkadot

Overview

Table of Contents

Comparison

Is XRP faster than Polkadot?

Is XRP cheaper than Polkadot?