Optimism vs. BNB Chain
In this article we'll compare Optimism and BNB Chain. This is an indepth review that considers many metrics.
Overview
| Optimism | BNB Chain | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Changpeng Zhao |
| Native token | OP | BNB |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 4000 | 2200 |
| Block time (secs) | 2 | 3 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $0.35 |
| Staking rewards (APR) | 0% | % |
Table of Contents
Comparison
Is Optimism faster than BNB Chain?
Yes, Optimism processes 4000 transactions per second, whereas BNB Chain only processes 2200.
Is Optimism cheaper than BNB Chain?
Yes, Optimism has an average transaction fee of $0.141, whereas BNB Chain costs $0.35.