Blockchain continues to be a major player in today’s world, with many opportunities for application. From crypto assets and NFTs (non-fungible tokens) blockchain has helped shape the future of finance by opening doors that were not possible before its introduction! And as we can expect from such an influential technology like this one there are always going to be more innovations coming our way soon enough – so stay tuned because it’ll likely become relevant again very quickly.
Ethereum vs Polygon: Key Differences
- Ethereum is the original blockchain while Polygon is the Ethereum scaling solution.
- Ethereum can process 15 transactions per second (TPS) while Polygon can theoretically process 65,000 TPS.
- Ethereum utilizes Proof-of-Work (PoW) consensus algorithm while Polygon utilizes Ethereum’s existing Proof-of-Stake (PoS) algorithm.
- Ethereum’s transaction fees are higher than Polygon’s.
- Ethereum is used by Decentralized Finance (DeFi) protocols such as MakerDAO, Compound, and Synthetix.
- Polygon is used by Ethereum DeFi protocols such as Aave, Curve Finance, and InstaDapp.
Ethereum vs Polygon: Noteworthy Features
- Ethereum has native smart contract functionality while Polygon relies on Ethereum’s smart contracts.
- Ethereum utilizes the ERC-20 standard for its tokens while Polygon has its own token standard, MATIC, which is an improvement over ERC-20.
- Ethereum has a large and active developer community while Polygon is relatively small.
- Ethereum is supported by major exchanges and wallets while Polygon is not as widely supported.
Ethereum vs Polygon: Bottom Line
The pros and cons of each blockchain are different. Polygon’s nodes provide a number or solutions that all three chains have, but they also come with their own set of problems; while Ethereum provides more transparency than any other platform on the market today – it’s not without controversy either!
If you’re looking to get involved in the world of blockchain, Ethereum and Polygon are both great options to consider. Ethereum is the original blockchain and has the largest developer community, while Polygon is a newer platform that offers faster transaction speeds and lower fees. Ultimately, the decision of which platform to use will come down to your personal preferences and needs.
With over a decade of experience in the publishing industry under her belt, Valeria Robasciotti is more than qualified to be the head of content and editor-in-chief at a prestigous publishing house. During her time working with books, she's edited and published hundreds of them. Even though she excels as being hardworking and an excellent manager, what she's most passionate about is reading and writing--which makes her even better suited for the job.