TON vs Ethereum
TON 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
| TON | Ethereum | |
|---|---|---|
| Created by | Nikolai and Pavel Durov | Vitalik Buterin |
| Native token | TON | ETH |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 1000000 | 27 |
| Block time (secs) | 5 | 12 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.012375 | $17.48 |
| Staking rewards (APR) | 6.85% | 3.31% |
High-level Comparisons
Is TON faster than Ethereum?
Yes, TON can process 1000000 transactions per second. Ethereum only processes up to 27.
Is TON cheaper than Ethereum?
Yes, TON has an average transaction fee of $0.012375, whereas Ethereum costs $17.48.