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