Monero vs Optimism
Monero 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
| Monero | Optimism | |
|---|---|---|
| Created by | Riccardo Spagni | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho |
| Native token | XMR | OP |
| Consensus algorithm | PoW | PoS |
| Hashing algorithm | randomx | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 1700 | 4000 |
| Block time (secs) | 120 | 2 |
| Layer | 1 | 2 |
| Supports smart contracts | No | Yes |
| Average transaction fee | $0.001 | $0.141 |
| Staking rewards (APR) | 0% | % |
High-level Comparisons
Is Monero faster than Optimism?
No, Monero only processes 1700 transactions per second. Optimism processes up to 4000.
Is Monero cheaper than Optimism?
No, Monero has an average transaction fee of $0.001, whereas Optimism costs $0.141.