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.

Optimism

The Monero blockchain is a distributed ledger that records all transactions in a permanent way. It's built on top of the Cryptonote protocol, which is a cryptocurrency protocol that isn't immutable. The Monero blockchain can be accessed with the command line tool monero-wallet-cli. Monero uses the proof-of-work (PoW) mining algorithm to hash transactions into blocks, which are then added to the Monero blockchain. PoW uses computer resources (also known as hashrate) to solve mathematical problems, which makes it costly to attack a network.

	Optimism	Monero
Created by	Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho	Riccardo Spagni
Native token	OP	XMR
Consensus algorithm	PoS	PoW
Hashing algorithm	KECCAK-256	randomx
Supports EVM	Yes	No
TPS	4000	1700
Block time (secs)	2	120
Layer	2	1
Supports smart contracts	Yes	No
Average transaction fee	$0.141	$0.001
Staking rewards (APR)	0%	%

Optimism vs. Monero

Overview

Table of Contents

Comparison

Is Optimism faster than Monero?

Is Optimism cheaper than Monero?