Polygon vs. Polkadot
In this article we'll compare Polygon and Polkadot. This is an indepth review that considers many metrics.
Overview
| Polygon | Polkadot | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | MATIC | DOT |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | BLAKE2 |
| Supports EVM | Yes | No |
| TPS | 7000 | 1000 |
| Block time (secs) | 2 | 6 |
| Layer | 2 | 0 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.018 | $0.08792 |
| Staking rewards (APR) | 4.78% | 14.5% |
Table of Contents
Comparison
Is Polygon faster than Polkadot?
Yes, Polygon processes 7000 transactions per second, whereas Polkadot only processes 1000.
Is Polygon cheaper than Polkadot?
Yes, Polygon has an average transaction fee of $0.018, whereas Polkadot costs $0.08792.