Polygon vs. XRP
In this article we'll compare Polygon and XRP. This is an indepth review that considers many metrics.
Overview
| Polygon | XRP | |
|---|---|---|
| Created by | Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic | Jed McCaleb, Arthur Britto and David Schwartz |
| Native token | MATIC | XRP |
| Consensus algorithm | PoS | RPCA |
| Hashing algorithm | KECCAK-256 | RPCA |
| Supports EVM | Yes | No |
| TPS | 7000 | 1500 |
| Block time (secs) | 2 | 10 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.018 | $0.0002 |
| Staking rewards (APR) | 4.78% | 3.03% |
Table of Contents
Comparison
Is Polygon faster than XRP?
Yes, Polygon processes 7000 transactions per second, whereas XRP only processes 1500.
Is Polygon cheaper than XRP?
Yes, Polygon has an average transaction fee of $0.018, whereas XRP costs $0.0002.