Optimism vs. Polkadot
In this article we'll compare Optimism and Polkadot. This is an indepth review that considers many metrics.
Overview
| Optimism | Polkadot | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | OP | DOT |
| Consensus algorithm | PoS | PoS |
| Hashing algorithm | KECCAK-256 | BLAKE2 |
| Supports EVM | Yes | No |
| TPS | 4000 | 1000 |
| Block time (secs) | 2 | 6 |
| Layer | 2 | 0 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $0.08792 |
| Staking rewards (APR) | 0% | 14.5% |
Table of Contents
Comparison
Is Optimism faster than Polkadot?
Yes, Optimism processes 4000 transactions per second, whereas Polkadot only processes 1000.
Is Optimism cheaper than Polkadot?
Yes, Optimism has an average transaction fee of $0.141, whereas Polkadot costs $Polkadot.