Ethereum Classic vs Bitcoin
Ethereum Classic and Bitcoin 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
| Ethereum Classic | Bitcoin | |
|---|---|---|
| Created by | Vitalik Buterin | Satoshi Nakamoto |
| Native token | ETC | BTC |
| Consensus algorithm | PoW | PoW |
| Hashing algorithm | KECCAK-256 | SHA-256 |
| Supports EVM | Yes | No |
| TPS | 15 | 5 |
| Block time (secs) | 13 | 600 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | No |
| Average transaction fee | $0.0001 | $5.0973 |
| Staking rewards (APR) | 0% | 0% |
High-level Comparisons
Is Ethereum Classic faster than Bitcoin?
Yes, Ethereum Classic can process 15 transactions per second. Bitcoin only processes up to 5.
Is Ethereum Classic cheaper than Bitcoin?
Yes, Ethereum Classic has an average transaction fee of $0.0001, whereas Bitcoin costs $5.0973.