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