Ethereum vs Polygon
Ethereum and Polygon 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
| Ethereum | Polygon | |
|---|---|---|
| Created by | Vitalik Buterin | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic |
| Native token | ETH | MATIC |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 27 | 7000 |
| Block time (secs) | 12 | 2 |
| Layer | 1 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $17.48 | $0.018 |
| Staking rewards (APR) | 3.31% | 4.78% |
High-level Comparisons
Is Ethereum faster than Polygon?
No, Ethereum only processes 27 transactions per second. Polygon processes up to 7000.
Is Ethereum cheaper than Polygon?
No, Ethereum has an average transaction fee of $17.48, whereas Polygon costs $0.018.