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--- | ||
id: learn-comparisons | ||
title: Polkadot Comparisons | ||
sidebar_label: Other Comparisons | ||
description: Comparison between Polkadot and ETH 1.0 and BSC. | ||
keywords: [comparisons, polkadot, blockchain] | ||
sidebar_label: Comparisons | ||
description: Comparison between Polkadot and other Networks. | ||
keywords: [comparisons, Polkadot, blockchain] | ||
slug: ../learn-comparisons | ||
--- | ||
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Polkadot is a blockchain protocol that is innovating in the web3 space. | ||
import DocCardList from '@theme/DocCardList'; | ||
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:::info In-depth Comparisons for multi-chain ecosystems | ||
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See the in-depth comparisons for [Ethereum 2.0](./learn-comparison-ethereum-2.md), | ||
[Cosmos](./learn-comparisons-cosmos.md) and [Avalanche](./learn-comparisons-avalanche.md). | ||
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::: | ||
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## Ethereum 1.x | ||
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[Ethereum](https://ethereum.org) is a smart contract blockchain that allows for general computation | ||
to be deployed on-chain and operated across the p2p network. Ethereum 1.x refers to the current | ||
Ethereum release and the immediately planned future upgrades. | ||
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The difference between Ethereum 1.x and Polkadot is quite large. Ethereum is a single chain that | ||
allows developers to extend its functionality through the deployment of blobs of code onto the chain | ||
(called smart contracts). Polkadot, as described in the whitepaper, is a fully extensible and | ||
scalable blockchain network that provides security and interoperability through shared state. | ||
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In practical terms, this means that the layer of abstraction between these two projects is | ||
remarkably different for developers. In Ethereum, developers write smart contracts that all execute | ||
on a single virtual machine, called the Ethereum Virtual Machine (EVM). In Polkadot, however, | ||
developers write their logic into individual blockchains, where the interface is part of the state | ||
transition function of the blockchain itself. Polkadot will also support smart contract blockchains | ||
for Wasm and EVM to provide compatibility with existing contracts, but will not have smart contract | ||
functionality on its core chain, the relay chain. | ||
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As such, Polkadot is a possible augmentation and scaling method for Ethereum 1.x, rather than | ||
competition. | ||
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## Binance Smart Chain | ||
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[Binance Chain](https://www.binance.com) is a Proof of Stake Authority (PoSA) blockchain used to | ||
exchange digital assets on Binance DEX. Binance Smart Chain is an EVM-compatible smart contract | ||
chain bridged to Binance Chain. Together, they form the Binance Dual Chain System. Binance Smart | ||
Chain is also a Proof of Stake Authority chain and allows users to create smart contracts and dapps. | ||
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Both chains are built with Cosmos SDK and therefore are a part of the | ||
[Cosmos](learn-comparisons-cosmos.md) ecosystem. Due to specifics of the Cosmos architecture, | ||
interoperability of Binance Smart Chain is based on bridges. This means all validators of both | ||
chains are also bridge operators, therefore the security of the system relies on trusting | ||
validators. At the moment, there are 21 Binance Smart Chain validator nodes. | ||
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Polkadot has an entirely different purpose, as it was built to connect and secure unique | ||
blockchains. It is a protocol on which single blockchains (such as Binance Smart Chain) could be | ||
built and benefit from shared security, interoperability and scalability. Interoperability within | ||
Polkadot is based on pooled security on Polkadot, and the security of the entire Polkadot network, | ||
and has much stronger economic security. | ||
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Scalability based on bridges relies on each bridged chain finding its own set of validators, | ||
therefore duplicate resources are required. Scalability on Polkadot is based on the security of the | ||
relay chain, and as the number of validators in the active set on Polkadot are increased, more | ||
parachains can be supported. | ||
<DocCardList /> |
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