Polygon (MATIC) vs Ethereum

[Abiky]

The new kid in town (Polygon) has been on the rise lately. Many "De-Fi" lending platforms that were on the Ethereum blockchain have switched to Polygon (MATIC). The reasons for such a move are quite obvious. Ethereum's high fees and slow processing times makes it unsuitable for "De-Fi". It's why some people are moving into alternative smart contract platforms like the one mentioned earlier. If the trend keeps up, Ethereum might lose market dominance as its rivals gain traction in the mainstream world. First it was Polkadot, then it was Binance Chain, and now it's Polygon (MATIC). Which of these platforms will beat Ethereum is yet to be seen.

What do you think? Is Polygon (MATIC) better than Ethereum? If not, why? Do you think Polygon has a chance of overcoming Ethereum in the future? Isn't the market saturated with many smart contract platforms already? Your input will be greatly appreciated. Thank you.

[pakhitheboss]

Ethereum fee and scaling issue will be the reason for its demise. After so many month now the Gas fee has gone drastically down. I still believe in Ethereum but they need to act on their issue fast. In the meantime I think BSC will take a lead as it is an exact copy of Ethereum.

[Ozero]

I don't think any platform will be able to overtake ethereum anytime soon. There is very little time left before the problem of high transaction fees on the ethereum network is solved. This should happen in July. In addition, after the fall in prices in the cryptocurrency market, the payment for gas in the ethereum network is already 30-50 Gwei, which is already quite acceptable. In the near future, most likely, we will see the return of projects to the ethereum platform and a significant increase in demand for this coin.

[cabron]

Matic is obviously rising up, it's the only one we have seen in the past few days that got back up again quickly which suddenly brings them to the top 20. But I certainly doubt it will rival ETH. BSC still is going to improve as well. There's a lot to bring down before they could even picking up the momentum and get more projects into their platform.

[v3liana]

I think it still too early to talk about ETH and Matic, the issue will be fix it by ethereum after they do the major upgrade on ETH 2.0. I think the real contender for ETH right now is only BSC, but we better wait how good it is ETH 2.0.

[pakhitheboss]

I think it still too early to talk about ETH and Matic, the issue will be fix it by ethereum after they do the major upgrade on ETH 2.0. I think the real contender for ETH right now is only BSC, but we better wait how good it is ETH 2.0.

ETH 2.0 will certainly help Ethereum resolve it's issue but when will it happen? In the meantime BSC has been gaining momentum, which actually is a loss for ETH. There are a lot of projects that are now using both ETH and Matic network, that is why matic is now pumping.

[killerfrost]

At the present time it is clear that new platforms are exploiting limitations that Ethereum has not been able to solve. Personally, I think now that these new platforms all show that they bring users more convenience in use, but to surpass Ethereum is another story, I don't think there will be a project to replace the position that Ethereum has, the problems of Ethereum will soon be solved.

[BitTraderCute]

At the present time it is clear that new platforms are exploiting limitations that Ethereum has not been able to solve. Personally, I think now that these new platforms all show that they bring users more convenience in use, but to surpass Ethereum is another story, I don't think there will be a project to replace the position that Ethereum has, the problems of Ethereum will soon be solved.

ethereum weakness be main key product that developted by ethereum competitors. they think network scalability and transaction fee will be main feature to attract community and build ecosystem.  matic and binance smart chain successfull to adopt this feature and now alot investors hold and put huge allocation in their bag.

[michellee]

It is hard to say that Matic will beat ethereum because Matic is a new token and needs times before it can do that. It's like what ethereum did before because every potential coin needs to work hard and proves to the investor before the coin can become worth it to invest. We need to give more time for Matic and if that coin really has big support from the investor and people, Matic will increase at the right time. Otherwise, it is just like most coins that will not give a big result in the future.

[calandra78]

Polkadot, polygon, and BSC I think have capabilities that should be considered to compete with ethereum in the future.
now all offer something cheaper and faster. while Ethereum has not been able to solve its problems for quite a long time.
The BSC will probably stand out even more because of the impact of strengthening binance on the crypto market. but METIC and DOT are quite good assets with a strengthening market and a growing community. all set to heat this market.

[Teraboy]

Polygon was a second layer solution for ethereum and it doesn't even compete with ethereum. It was also providing the bridge for the polygon asset to the ethereum asset easily. that being said that if ethereum was not competing with polygon as polygon has the vision to fix ethereum scalability problem through its protocol.

[BOAEDAN]

Polygon was a second layer solution for ethereum and it doesn't even compete with ethereum. It was also providing the bridge for the polygon asset to the ethereum asset easily. that being said that if ethereum was not competing with polygon as polygon has the vision to fix ethereum scalability problem through its protocol.

It can be said that polygon is still below ethereum and ethereum is still number 1 of other cryptocurrencies, so the ethereum blockchain will never be beaten by other platforms.

[fvb]

Recently I started using Polygon and basically everything is fine. But Ethereum remains the best option for me. Commissions will be lower and they have already shown it.

[Bilgent]

Maybe MATIC can really leave Ethereum behind in the future. Because it has limited supply (which is 10 billion though  ) rather than Ethereum. However, Ethereum's supply is 116 million which helps it become much more valuable than MATIC. But the factors you indicated are also very important. I believe this is just a start for MATIC. But I have doubts about whether it can reach Ethereum's level.

[viananda2525]

Polygon was a second layer solution for ethereum and it doesn't even compete with ethereum. It was also providing the bridge for the polygon asset to the ethereum asset easily. that being said that if ethereum was not competing with polygon as polygon has the vision to fix ethereum scalability problem through its protocol.

It can be said that polygon is still below ethereum and ethereum is still number 1 of other cryptocurrencies, so the ethereum blockchain will never be beaten by other platforms.

we never know ethereum could beaten or or not by another platform. the thing i know only many developers working to developt blockchain or platform with easinest in smart contract creation and also low transaction fee. the lastes point was be the weakness of ethereum so core team must as soon as solved this or project will migrate to this platform.

[inanilujimi]

I feel that there are more and more smart contract platforms in some altcoins that allow us to have many options to find hidden gems, while matic is currently too early to compete with ETH because I feel that matic is still too new to this market whose strength has not been tested when the market is bearish struck.

[Ruvi2000sew]

At this moment, it is evident that new platforms are taking advantage of flaws that Ethereum has yet to address. I believe that these new platforms have demonstrated that they provide consumers with greater ease of use, but that surpassing Ethereum is a different story. I do not believe that a project will emerge to take Ethereum's place, and that Ethereum's difficulties will be resolved soon.

[Teraboy]

Polygon was a second layer solution for ethereum and it doesn't even compete with ethereum. It was also providing the bridge for the polygon asset to the ethereum asset easily. that being said that if ethereum was not competing with polygon as polygon has the vision to fix ethereum scalability problem through its protocol.

It can be said that polygon is still below ethereum and ethereum is still number 1 of other cryptocurrencies, so the ethereum blockchain will never be beaten by other platforms.

The correct thing must be there was no competition between ethereum and matic. Matic as a second layer solution for ethereum try to bring the best solution for the ethereum users to be able to send their ethereum asset with the cheap fees through use the matic chain that will be bridged again back to the ethereum. That means it's the same like RSK with bitcoin chain.
RSK has become a side solution for bitcoin chain.

[GreatArkansas]

The correct thing must be there was no competition between ethereum and matic.
(...)

True, I don't agree that Polygon(Matic) compares to Ethereum. Ethereum is extremely far from Polygon(Matic), as we all know Polygon is later 2 sidechain on Ethereum, so it's useless to compare it.
If there is no Ethereum, 100% there is no Polygon(Matic) now.

[Psynthax]

At the present time it is clear that new platforms are exploiting limitations that Ethereum has not been able to solve. Personally, I think now that these new platforms all show that they bring users more convenience in use, but to surpass Ethereum is another story, I don't think there will be a project to replace the position that Ethereum has, the problems of Ethereum will soon be solved.

ethereum weakness be main key product that developted by ethereum competitors. they think network scalability and transaction fee will be main feature to attract community and build ecosystem.  matic and binance smart chain successfull to adopt this feature and now alot investors hold and put huge allocation in their bag.

There's other reason as well, network scalability and transaction fee isn't really the main thing that makes a project succesful exploiting that weakness which ethereum has, BSC could become so big because it was advertised like crazy by binance while matic
giving 2nd layer solution to ETH's lack of ability to scale, but what's make me curious is how things gonna unfold when ETH 2.0 phases fully rolling out, it's gonna change the blockchain circumstance significantly I think.