Optimism vs Bitcoin

Optimism and Bitcoin 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

  1. Metrics
  2. Comparison

Comparing Metrics

Created byJinglan Wang, Benjamin Jones, Karl Floersch, and Kevin HoSatoshi Nakamoto
Native tokenOPBTC
Consensus algorithmPoSPoW
Hashing algorithmKECCAK-256SHA-256
Supports EVMYesNo
Block time (secs)2600
Supports smart contractsYesNo
Average transaction fee$0.141$5.0973
Staking rewards (APR)0%0%

High-level Comparisons

Is Optimism faster than Bitcoin?

Yes, Optimism can process 4000 transactions per second. Bitcoin only processes up to 5.

Is Optimism cheaper than Bitcoin?

Yes, Optimism has an average transaction fee of $0.141, whereas Bitcoin costs $5.0973.