Polkadot vs Optimism
Polkadot and Optimism 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
| Polkadot | Optimism | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho |
| Native token | DOT | OP |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | BLAKE2 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 1000 | 4000 |
| Block time (secs) | 6 | 2 |
| Layer | 0 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.08792 | $0.141 |
| Staking rewards (APR) | 14.5% | % |
High-level Comparisons
Is Polkadot faster than Optimism?
No, Polkadot only processes 1000 transactions per second. Optimism processes up to 4000.
Is Polkadot cheaper than Optimism?
No, Polkadot has an average transaction fee of $0.08792, whereas Optimism costs $0.141.