Polygon vs Bitcoin
Polygon and Bitcoin 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
| Polygon | Bitcoin | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Satoshi Nakamoto |
| Native token | MATIC | BTC |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | KECCAK-256 | SHA-256 |
| Supports EVM | Yes | No |
| TPS | 7000 | 5 |
| Block time (secs) | 2 | 600 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.018 | $5.0973 |
| Staking rewards (APR) | 4.78% | 0% |
High-level Comparisons
Is Polygon faster than Bitcoin?
Yes, Polygon can process 7000 transactions per second. Bitcoin only processes up to 5.
Is Polygon cheaper than Bitcoin?
Yes, Polygon has an average transaction fee of $0.018, whereas Bitcoin costs $5.0973.