Polkadot vs Polygon
Polkadot 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
| Polkadot | Polygon | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic |
| Native token | DOT | MATIC |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | BLAKE2 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 1000 | 7000 |
| Block time (secs) | 6 | 2 |
| Layer | 0 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.08792 | $0.018 |
| Staking rewards (APR) | 14.5% | 4.78% |
High-level Comparisons
Is Polkadot faster than Polygon?
No, Polkadot only processes 1000 transactions per second. Polygon processes up to 7000.
Is Polkadot cheaper than Polygon?
No, Polkadot has an average transaction fee of $0.08792, whereas Polygon costs $0.018.