Optimism vs BNB Chain
Optimism and BNB Chain 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 | BNB Chain | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Changpeng Zhao |
| Native token | OP | BNB |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 4000 | 2200 |
| Block time (secs) | 2 | 3 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $0.35 |
| Staking rewards (APR) | 0% | % |
High-level Comparisons
Is Optimism faster than BNB Chain?
Yes, Optimism can process 4000 transactions per second. BNB Chain only processes up to 2200.
Is Optimism cheaper than BNB Chain?
Yes, Optimism has an average transaction fee of $0.141, whereas BNB Chain costs $0.35.