Optimism vs. Ethereum
In this article we'll compare Optimism and Ethereum. This is an indepth review that considers many metrics.
Overview
| Optimism | Ethereum | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Vitalik Buterin |
| Native token | OP | ETH |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 4000 | 27 |
| Block time (secs) | 2 | 12 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $17.48 |
| Staking rewards (APR) | 0% | 3.31% |
Table of Contents
Comparison
Is Optimism faster than Ethereum?
Yes, Optimism processes 4000 transactions per second, whereas Ethereum only processes 27.
Is Optimism cheaper than Ethereum?
Yes, Optimism has an average transaction fee of $0.141, whereas Ethereum costs $17.48.