Optimism vs. XRP
In this article we'll compare Optimism and XRP. This is an indepth review that considers many metrics.
Overview
| Optimism | XRP | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Jed McCaleb, Arthur Britto and David Schwartz |
| Native token | OP | XRP |
| Consensus algorithm | PoS | RPCA |
| Hashing algorithm | KECCAK-256 | RPCA |
| Supports EVM | Yes | No |
| TPS | 4000 | 1500 |
| Block time (secs) | 2 | 10 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.141 | $0.0002 |
| Staking rewards (APR) | 0% | 3.03% |
Table of Contents
Comparison
Is Optimism faster than XRP?
Yes, Optimism processes 4000 transactions per second, whereas XRP only processes 1500.
Is Optimism cheaper than XRP?
Yes, Optimism has an average transaction fee of $0.141, whereas XRP costs $0.0002.