The Polygon blockchain is the next generation of blockchain technology. It's a distributed ledger that allows for multiple data inputs and outputs per transaction. This gives Polygon the ability to process any type of data in a highly efficient manner. This, in turn, delivers a truly decentralized system that can be used in many different applications, namely financial transactions and data storage.

Polygon

The Binance chain is the native blockchain of Binance, the world’s largest cryptocurrency exchange by trading volume. The project was born of a need for a decentralized, transparent and immutable blockchain that can be used as a public ledger for recording all transactions on the platform. The new chain will serve as the foundation for Binance’s native DEX and will also feature tools that will enable third-party developers to develop their own decentralized applications (dApps) based on the technology. Binance hopes its blockchain will “provide an underlying layer of a seamless financial infrastructure, driving rapid growth in digital asset adoption.”

	Polygon	BNB Chain
Created by	Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic	Changpeng Zhao
Native token	MATIC	BNB
Consensus algorithm	PoS	PoS
Hashing algorithm	KECCAK-256	KECCAK-256
Supports EVM	Yes	Yes
TPS	7000	2200
Block time (secs)	2	3
Layer	2	1
Supports smart contracts	Yes	Yes
Average transaction fee	$0.018	$0.35
Staking rewards (APR)	4.78%	%

Polygon vs. BNB Chain

Overview

Table of Contents

Comparison

Is Polygon faster than BNB Chain?

Is Polygon cheaper than BNB Chain?