Ethereum vs Optimism
Ethereum and Optimism are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| Ethereum | Optimism | |
|---|---|---|
| Created by | Vitalik Buterin | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho |
| Native token | ETH | OP |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 27 | 4000 |
| Block time (secs) | 12 | 2 |
| Layer | 1 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $17.48 | $0.141 |
| Staking rewards (APR) | 3.31% | % |
High-level Comparisons
Is Ethereum faster than Optimism?
No, Ethereum only processes 27 transactions per second. Optimism processes up to 4000.
Is Ethereum cheaper than Optimism?
No, Ethereum has an average transaction fee of $17.48, whereas Optimism costs $0.141.