This paper reports the facile synthesis and characterization of spongelike nanoporous Pd (snPd) and Pd/Au (snPd/Au) prepared by a tailored galvanic replacement reaction (GRR). Initially, a large amount of Co particles as sacrificial templates was electrodeposited onto the glassy carbon surface using a cyclic voltammetric method. This is the key step to the subsequent fabrication of the snPd/Au (or snPd) architectures by a surface replacement reaction. Using Co films as sacrificial templates, snPd/Au catalysts were prepared through a two-step GRR technique. In the first step, the Pd metal precursor (at different concentrations), K2PdCl4, reacted spontaneously to the formed Co frames through the GRR, resulting in a snPd series. snPd/Au was then prepared via the second GRR between snPd (prepared with 27.5 mM Pd precursor) and Au precursor (10 mM HAuCl4). The morphology and surface area of the prepared snPd series and snPd/Au were characterized using spectroscopic and electrochemical methods. Rotating disk electrode (RDE) experiments for oxygen reduction in 0.1 M NaOH showed that the snPd/Au has higher catalytic activity than snPd and the commercial Pd-20/C and Pt-20/C catalysts. Rotating ring-disk electrode (RRDE) experiments reconfirmed that four electrons were involved in the electrocatalytic reduction of oxygen at the snPd/Au. Furthermore, RDE voltammetry for the H2O2 oxidation/reduction was used to monitor the catalytic activity of snPd/Au. The amperometric i-t curves of the snPd/Au catalyst for a H2O2 electrochemical reaction revealed the possibility of applications as a H2O2 oxidation/reduction sensor with high sensitivity (0.98 mA mM-1 cm-2 (r = 0.9997) for H2O2 oxidation and -0.95 mA mM-1 cm-2 (r = 0.9997) for H2O2 reduction), low detection limit (1.0 μM), and a rapid response (<∼1.5 s).