Ethereum Classic vs Ethereum
Ethereum Classic and Ethereum 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 | Ethereum | |
|---|---|---|
| Created by | Vitalik Buterin | Vitalik Buterin |
| Native token | ETC | ETH |
| Consensus algorithm | PoW | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 15 | 27 |
| Block time (secs) | 13 | 12 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.0001 | $17.48 |
| Staking rewards (APR) | 0% | 3.31% |
High-level Comparisons
Is Ethereum Classic faster than Ethereum?
No, Ethereum Classic only processes 15 transactions per second. Ethereum processes up to 27.
Is Ethereum Classic cheaper than Ethereum?
No, Ethereum Classic has an average transaction fee of $0.0001, whereas Ethereum costs $17.48.