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

  1. Metrics
  2. Comparison

Comparing Metrics

Created byJinglan Wang, Benjamin Jones, Karl Floersch, and Kevin HoVitalik Buterin
Native tokenOPETH
Consensus algorithmPoSPoS
Hashing algorithmKECCAK-256KECCAK-256
Supports EVMYesYes
Block time (secs)212
Supports smart contractsYesYes
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.