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
Comparing Metrics
| Optimism | Bitcoin | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Satoshi Nakamoto |
| Native token | OP | BTC |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | KECCAK-256 | SHA-256 |
| Supports EVM | Yes | No |
| TPS | 4000 | 5 |
| Block time (secs) | 2 | 600 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | No |
| 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.