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 Monero blockchain is a distributed ledger that records all transactions in a permanent way. It's built on top of the Cryptonote protocol, which is a cryptocurrency protocol that isn't immutable. The Monero blockchain can be accessed with the command line tool monero-wallet-cli. Monero uses the proof-of-work (PoW) mining algorithm to hash transactions into blocks, which are then added to the Monero blockchain. PoW uses computer resources (also known as hashrate) to solve mathematical problems, which makes it costly to attack a network.

	Polygon	Monero
Created by	Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic	Riccardo Spagni
Native token	MATIC	XMR
Consensus algorithm	PoS	PoW
Hashing algorithm	KECCAK-256	randomx
Supports EVM	Yes	No
TPS	7000	1700
Block time (secs)	2	120
Layer	2	1
Supports smart contracts	Yes	No
Average transaction fee	$0.018	$0.001
Staking rewards (APR)	4.78%	%

Polygon vs. Monero

Overview

Table of Contents

Comparison

Is Polygon faster than Monero?

Is Polygon cheaper than Monero?