Polygon vs XRP
Polygon and XRP 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 | XRP | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Jed McCaleb, Arthur Britto and David Schwartz |
| Native token | MATIC | XRP |
| Consensus algorithm | PoS | RPCA |
| Hashing algorithm | KECCAK-256 | RPCA |
| Supports EVM | Yes | No |
| TPS | 7000 | 1500 |
| Block time (secs) | 2 | 10 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.018 | $0.0002 |
| Staking rewards (APR) | 4.78% | 3.03% |
High-level Comparisons
Is Polygon faster than XRP?
Yes, Polygon can process 7000 transactions per second. XRP only processes up to 1500.
Is Polygon cheaper than XRP?
Yes, Polygon has an average transaction fee of $0.018, whereas XRP costs $0.0002.