Ethereum vs. Polygon
In this article we'll compare Ethereum and Polygon. This is an indepth review that considers many metrics.
Overview
Ethereum | Polygon | |
---|---|---|
Created by | Vitalik Buterin | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic |
Native token | ETH | MATIC |
Consensus algorithm | PoS | PoS |
Hashing algorithm | KECCAK-256 | KECCAK-256 |
Supports EVM | Yes | Yes |
TPS | 27 | 7000 |
Block time (secs) | 12 | 2 |
Layer | 1 | 2 |
Supports smart contracts | Yes | Yes |
Average transaction fee | $17.48 | $0.018 |
Staking rewards (APR) | 3.31% | 4.78% |
Table of Contents
Comparison
Is Ethereum faster than Polygon?
No, Ethereum processes 27 transactions per second and Polygon processes 7000.
Is Ethereum cheaper than Polygon?
No, Ethereum has an average transaction fee of $17.48, whereas Polygon costs $0.018.