Polygon and Ethereum are the two most prominent blockchain platforms that carry their own set of development tools and resources. Needless to say, whether it’s about NFT marketplaces, decentralized exchanges (DEXs), stablecoins, decentralized applications (dApps), or payments, both platforms support them all without any trouble.
Where Ethereum is known for its community and networks, Polygon has earned a solid reputation for high throughput and low transaction fees. But is Polygon capable enough to replace Ethereum for developing dApps? Is it a better alternative to Ethereum, Solana, TRON, EOS, or other such platforms?
Your mind might be flooded with these questions, isn’t it?
Well, let’s dive in deeper to find the answers.
Although both Polygon and Ethereum share some similarities there are many differences that set them apart. So before getting into details let’s go through some of the major differences.
After going through the table you must have gotten some idea of the differences between Ethereum and polygon. Let’s now move on to details.
Ethereum is one of the oldest and most widely used blockchain platforms. It is an open-source ecosystem that allows anyone to develop blockchain-powered products.
According to tap.global, Ethereum has more than 2,700 dApps built on its network. If we consider other achievements Ethereum was the first to provide a blockchain network for developers to build their own decentralized apps. Ethereum has also earned the title of the first-ever network that allowed developers to create and execute their smart contracts.
But despite having some major advantages Ethereum also has some limitations that force one to go for alternatives.
Some of the major cons of Ethereum are slow transaction processing time and high gas fees due to the PoW consensus mechanism. Apart from this, lower scalability and transaction privacy issues are some of the major drawbacks that prevent developers from using Ethereum for dApps development.
Initially introduced as a Matic network, it was rebranded as Polygon in the year 2021. Polygon is a decentralized scaling solution that is designed particularly for the Ethereum network. It can be said as a layer 2 solution for Ethereum.
Polygon operates like any other PoS-based blockchain that has its own infrastructure, token, native dApps, and validator nodes with the difference that its transactions are settled on the Ethereum main chain. It offers a network that provides interoperability between the previous and current infrastructure scenarios of Ethereum. This is why Polygon is capable of offering great functionality and high transaction speed.
Needless to say, Polygon carries numerous benefits. One among them is Ethereum Virtual Machine (EVM) compatibility which allows developers to launch dApps with a few clicks. Another advantage of using a Polygon is its interoperability which allows multiple cross-chain protocols to exchange information between Polygon and other chains.
Apart from this, eco-friendliness is something that makes Polygon unique. Backed by the PoS consensus algorithm, Polygon utilizes 99.9% lesser energy as compared to the PoW. But one of the major traits that makes it a popular choice for developing dApps is its plasma-based aggregator. The plasma framework employs plasma technology as plasma chains that can greatly reduce the transaction load on layer 1 blockchain networks.
One of the major cons of Polygon is its limited resell support as the platform does not support auctions. Apart from this, Polygon is a layer 2 solution which means it is not an autonomous blockchain.
Although Ethereum has established itself as a model for dApp development, Polygon seems to solve the problems of Ethereum. If we consider some of the major challenges with Ethereum, limited throughput comes on top. Ethereum is capable of managing only about 30 transactions per second and that too at a higher cost, whereas Polygon can manage about 65,000 transactions per second.
Apart from this, Ethereum lacks interoperability due to which it is not possible to interact between Ethereum-compatible blockchain networks but Polygon offers interoperability.
In addition to this, Polygon comes with more flexibility. It allows the deployment of secure blockchain networks with a single click which was not possible with Ethereum. Moreover, the continuously expanding set of modules in Polygon has made it possible to support custom network development.
With the increase in demand for decentralized applications development on Ethereum, network congestion has become a major issue that has slowed down the network. So there is a need for a solution that can not only fix this issue but also overcome the drawbacks of Ethereum. Polygon has shown such traits. A reason why it is gaining popularity.
So if you are planning to develop a decentralized application, Polygon can prove to be a better option. The only thing you need to take care of is to hire the right dApp development company. Apptunix has earned a solid reputation for offering top-notch blockchain app development services. It can help you in your venture by developing a secure and scalable dApp.
Q 1. Which is the Best Platform to Develop dApps?
Polygon, Ethereum, TRON, Solana, and EOS are some of the top platforms for dApp development.
Q 2. Why Use Polygon for dApps Development?
Whether it’s interoperability, scalability, security, ability to process transactions quickly, or low transaction fees, Polygon is one of the ideal fit for developing dApps.
Q 3. How Many dApps are Built Using Polygon?
According to a report, more than 53,000 dApps are deployed on Polygon which is 8X the number that was at the beginning of the year 2022.
Q 4. What are the Top Alternatives to Ethereum in dApp Development?
Polygon, TRON, EOS, NEO, Solana, and BNB Chain are some of the top alternatives to Ethereum when it comes to dApps development.
Q 5. What is the Minimum Cost to Develop a dApp?
An average dApp will typically cost you around 25,000 USD. It can even go as high as 200,000 USD or more depending upon the module and specific business requirements. For more details schedule a free call.
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