Polygon vs Ethereum
Polygon and Ethereum 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 | Ethereum | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Vitalik Buterin |
| Native token | MATIC | ETH |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 7000 | 27 |
| Block time (secs) | 2 | 12 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.018 | $17.48 |
| Staking rewards (APR) | 4.78% | 3.31% |
High-level Comparisons
Is Polygon faster than Ethereum?
Yes, Polygon can process 7000 transactions per second. Ethereum only processes up to 27.
Is Polygon cheaper than Ethereum?
Yes, Polygon has an average transaction fee of $0.018, whereas Ethereum costs $17.48.