XRP vs Optimism
XRP and Optimism are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| 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% | % |
High-level Comparisons
Is XRP faster than Optimism?
No, XRP only processes 1500 transactions per second. Optimism processes up to 4000.
Is XRP cheaper than Optimism?
No, XRP has an average transaction fee of $0.0002, whereas Optimism costs $0.141.