Ethereum Classic vs Polkadot
Ethereum Classic and Polkadot 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 | Polkadot | |
|---|---|---|
| Created by | Vitalik Buterin | Gavin Wood, Robert Habermeier and Peter Czaban |
| Native token | ETC | DOT |
| Consensus algorithm | PoW | PoS |
| Hashing algorithm | KECCAK-256 | BLAKE2 |
| Supports EVM | Yes | No |
| TPS | 15 | 1000 |
| Block time (secs) | 13 | 6 |
| Layer | 1 | 0 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.0001 | $0.08792 |
| Staking rewards (APR) | 0% | 14.5% |
High-level Comparisons
Is Ethereum Classic faster than Polkadot?
No, Ethereum Classic only processes 15 transactions per second. Polkadot processes up to 1000.
Is Ethereum Classic cheaper than Polkadot?
No, Ethereum Classic has an average transaction fee of $0.0001, whereas Polkadot costs $0.08792.