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

  1. Metrics
  2. Comparison

Comparing Metrics

Ethereum ClassicOptimism
Created byVitalik ButerinJinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho
Native tokenETCOP
Consensus algorithmPoWPoS
Hashing algorithmKECCAK-256KECCAK-256
Supports EVMYesYes
Block time (secs)132
Supports smart contractsYesYes
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.