Optimism vs Ethereum
Optimism and Ethereum 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 | Ethereum | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Vitalik Buterin |
| Native token | OP | ETH |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 4000 | 27 |
| Block time (secs) | 2 | 12 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $17.48 |
| Staking rewards (APR) | 0% | 3.31% |
High-level Comparisons
Is Optimism faster than Ethereum?
Yes, Optimism can process 4000 transactions per second. Ethereum only processes up to 27.
Is Optimism cheaper than Ethereum?
Yes, Optimism has an average transaction fee of $0.141, whereas Ethereum costs $17.48.