Optimism vs Monero
Optimism and Monero 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 | Monero | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Riccardo Spagni |
| Native token | OP | XMR |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | KECCAK-256 | randomx |
| Supports EVM | Yes | No |
| TPS | 4000 | 1700 |
| Block time (secs) | 2 | 120 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.141 | $0.001 |
| Staking rewards (APR) | 0% | % |
High-level Comparisons
Is Optimism faster than Monero?
Yes, Optimism can process 4000 transactions per second. Monero only processes up to 1700.
Is Optimism cheaper than Monero?
Yes, Optimism has an average transaction fee of $0.141, whereas Monero costs $0.001.