What Is The Difference Between Ethereum And Polygon?

Polygon is a blockchain network built on top of Ethereum to provide a faster and cheaper Ethereum experience, but it is far more than just a scaling solution. Over the years, Polygon has grown to become the most popular scaling solution for Ethereum applications and offers many useful tools and SDKs valuable for blockchain developers. With an ambitious team, passionate community, big-name partnerships and dedication to improving the Web3 experience, Polygon is a name that can’t be ignored.

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Blockchains are slow and expensive, especially when clogged with traffic. Ethereum is the biggest example of how blockchains emphasizing decentralization and security cannot scale to meet real-world demand. Blockchains rely on charging ‘gas fees’ to users to pay the individuals who run the network around the world, but these fees skyrocket when the blockchain reaches its limits. Ethereum frequently experiences outrageous fees that prevent most people from using it. Suppose Ethereum is to fulfill its dream of becoming the internet’s economic layer and bringing Web3 decentralized applications (dApps) to the world. In that case, it will need to scale to hundreds of thousands of transactions per second (TPS). That is where ‘Layer-2’ scaling solutions come in to address the problem.

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Polygon is the biggest Layer-2 scaling solution to Ethereum’s gas fee problem. According to CoinTelegraph, Polygon Network is a ‘plasma chain,’ a Proof of Stake blockchain that runs in parallel to Ethereum to reduce gas fees and increase transaction speed by bundling transactions together with advanced cryptographic proofs, providing Polygon the ability to potentially handle 65,000 TPS (far superior to Ethereum’s 17 TPS). In addition, gas fees on Polygon are measured in pennies, whereas on Ethereum, they cost (tens of) dollars. With the ability to easily port crypto wallets and Ethereum’s…