Optimism vs Polkadot

Optimism and Polkadot 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 HoGavin Wood, Robert Habermeier and Peter Czaban
Native tokenOPDOT
Consensus algorithmPoSPoS
Hashing algorithmKECCAK-256BLAKE2
Supports EVMYesNo
Block time (secs)26
Supports smart contractsYesYes
Average transaction fee$0.141$0.08792
Staking rewards (APR)0%14.5%

High-level Comparisons

Is Optimism faster than Polkadot?

Yes, Optimism can process 4000 transactions per second. Polkadot only processes up to 1000.

Is Optimism cheaper than Polkadot?

Yes, Optimism has an average transaction fee of $0.141, whereas Polkadot costs $0.08792.