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

  1. Metrics
  2. Comparison

Comparing Metrics

Created byGavin Wood, Robert Habermeier and Peter CzabanJinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho
Native tokenDOTOP
Consensus algorithmPoSPoS
Hashing algorithmBLAKE2KECCAK-256
Supports EVMNoYes
Block time (secs)62
Supports smart contractsYesYes
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.