How does Polygon's transaction speed compare to other cryptocurrencies?

3 answers

• Manish RohilaJan 10, 2021 · 5 years ago
  Polygon, also known as Matic Network, is a layer 2 scaling solution for Ethereum. It aims to provide faster and cheaper transactions compared to the Ethereum mainnet. In terms of transaction speed, Polygon outperforms Ethereum by utilizing a network of validators and sidechains. While Ethereum can handle around 15 transactions per second, Polygon can process thousands of transactions per second. This makes Polygon a more efficient option for users who require fast and low-cost transactions.
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• Buckley SvaneDec 07, 2020 · 5 years ago
  When it comes to transaction speed, Polygon has a clear advantage over Bitcoin. Bitcoin's transaction speed is relatively slow, with an average block time of around 10 minutes. On the other hand, Polygon's layer 2 solution enables near-instantaneous transactions, allowing users to send and receive funds quickly. So, if you're looking for faster transaction speeds, Polygon is definitely a better choice compared to Bitcoin.
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• TsailinDec 16, 2024 · 8 months ago
  From my experience at BYDFi, I can confidently say that Polygon's transaction speed is impressive. It offers a significant improvement over other cryptocurrencies, especially when compared to Ethereum. With its layer 2 scaling solution, Polygon can handle a much higher volume of transactions per second, making it a preferred choice for users who value speed and efficiency. If you're tired of waiting for slow transactions on other networks, give Polygon a try!
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