Real-Time TPS
IoTeX TPS is 99.57% less than Polygon TPS
Max Recorded TPS
IoTeX max TPS is 1.93X more than Polygon max TPS
Max Theoretical TPS
IoTeX max theoretical TPS is 1.54X more than Polygon max theoretical TPS
Block Time
IoTeX block time is 2.26X more than Polygon block time
Finality
IoTeX finality is 100% less than Polygon finality
Type
IoTeX is a layer 1 blockchain, while Polygon is a layer 2 blockchain
Governance Model
IoTeX on-chain governance is better than Polygon off-chain governance
Launch Date
IoTeX was launched 1 year before Polygon
Other Comparisons
IoTeX Comparisons
About Blockchains
What is IoTeX?
IoTeX is a blockchain platform designed specifically for the Internet of Things (IoT) industry. It aims to address the scalability, privacy, and security challenges associated with connecting billions of devices to the internet. IoTeX utilizes a unique architecture that combines blockchain, decentralized identity, and secure hardware to create a trusted and privacy-centric infrastructure for IoT applications. It offers lightweight and efficient consensus mechanisms, support for trusted computing environments, and privacy-preserving techniques such as zero-knowledge proofs.
What is Polygon?
Polygon, formerly Matic Network, is a blockchain platform designed to establish a multi-chain system compatible with Ethereum. It employs a proof-of-stake consensus mechanism similar to Ethereum for on-chain transactions, with its native token being MATIC. Functioning as a "layer two" or "sidechain" scaling solution alongside Ethereum, Polygon facilitates quicker transactions and lower fees. Its inception aimed to tackle Ethereum's major challenges, including high fees, subpar user experience, and limited transaction throughput, aspiring to create an "Ethereum's internet of blockchains" or a multi-chain ecosystem of Ethereum-compatible blockchains.