Ethereum vs. Optimism
In this article we'll compare Ethereum and Optimism. This is an indepth review that considers many metrics.
Overview
| Ethereum | Optimism | |
|---|---|---|
| Created by | Vitalik Buterin | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho |
| Native token | ETH | OP |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 27 | 4000 |
| Block time (secs) | 12 | 2 |
| Layer | 1 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $17.48 | $0.141 |
| Staking rewards (APR) | 3.31% | % |
Table of Contents
Comparison
Is Ethereum faster than Optimism?
No, Ethereum processes 27 transactions per second and Optimism processes 4000.
Is Ethereum cheaper than Optimism?
No, Ethereum has an average transaction fee of $17.48, whereas Optimism costs $0.141.