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