The Binance chain is the native blockchain of Binance, the world’s largest cryptocurrency exchange by trading volume. The project was born of a need for a decentralized, transparent and immutable blockchain that can be used as a public ledger for recording all transactions on the platform. The new chain will serve as the foundation for Binance’s native DEX and will also feature tools that will enable third-party developers to develop their own decentralized applications (dApps) based on the technology. Binance hopes its blockchain will “provide an underlying layer of a seamless financial infrastructure, driving rapid growth in digital asset adoption.”

BNB Chain

The Optimism blockchain is a distributed, peer-to-peer database that allows users to store and share their own information, including text, photos, and videos. The blockchain is completely open source and has a public ledger for transparency.

	BNB Chain	Optimism
Created by	Changpeng Zhao	Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho
Native token	BNB	OP
Consensus algorithm	PoS	PoS
Hashing algorithm	KECCAK-256	KECCAK-256
Supports EVM	Yes	Yes
TPS	2200	4000
Block time (secs)	3	2
Layer	1	2
Supports smart contracts	Yes	Yes
Average transaction fee	$0.35	$0.141
Staking rewards (APR)	0%	%

BNB Chain vs. Optimism

Overview

Table of Contents

Comparison

Is BNB Chain faster than Optimism?

Is BNB Chain cheaper than Optimism?