Ethereum Classic vs Optimism
Ethereum Classic 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
| Ethereum Classic | Optimism | |
|---|---|---|
| Created by | Vitalik Buterin | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho |
| Native token | ETC | OP |
| Consensus algorithm | PoW | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 15 | 4000 |
| Block time (secs) | 13 | 2 |
| Layer | 1 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.0001 | $0.141 |
| Staking rewards (APR) | 0% | % |
High-level Comparisons
Is Ethereum Classic faster than Optimism?
No, Ethereum Classic only processes 15 transactions per second. Optimism processes up to 4000.
Is Ethereum Classic cheaper than Optimism?
No, Ethereum Classic has an average transaction fee of $0.0001, whereas Optimism costs $0.141.