Polygon vs. Ethereum
In this article we'll compare Polygon and Ethereum. This is an indepth review that considers many metrics.
Overview
| Polygon | Ethereum | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Vitalik Buterin |
| Native token | MATIC | ETH |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 7000 | 27 |
| Block time (secs) | 2 | 12 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.018 | $17.48 |
| Staking rewards (APR) | 4.78% | 3.31% |
Table of Contents
Comparison
Is Polygon faster than Ethereum?
Yes, Polygon processes 7000 transactions per second, whereas Ethereum only processes 27.
Is Polygon cheaper than Ethereum?
Yes, Polygon has an average transaction fee of $0.018, whereas Ethereum costs $17.48.