The XRP blockchain is a public, open-source ledger of all XRP transactions. The blockchain is distributed network of computers that are constantly and automatically updated by the actions of users. Each node (a computer connected to the blockchain network) keeps a copy of the blockchain that it receives when it joins the network.

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.

	XRP	Polygon
Created by	Jed McCaleb, Arthur Britto and David Schwartz	Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic
Native token	XRP	MATIC
Consensus algorithm	RPCA	PoS
Hashing algorithm	RPCA	KECCAK-256
Supports EVM	No	Yes
TPS	1500	7000
Block time (secs)	10	2
Layer	1	2
Supports smart contracts	No	Yes
Average transaction fee	$0.0002	$0.018
Staking rewards (APR)	3.03%	4.78%

XRP vs. Polygon

Overview

Table of Contents

Comparison

Is XRP faster than Polygon?

Is XRP cheaper than Polygon?