XRP vs Polkadot
XRP and Polkadot are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| 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% |
High-level Comparisons
Is XRP faster than Polkadot?
Yes, XRP can process 1500 transactions per second. Polkadot only processes up to 1000.
Is XRP cheaper than Polkadot?
Yes, XRP has an average transaction fee of $0.0002, whereas Polkadot costs $0.08792.