Ethereum vs Ethereum Classic
Ethereum and Ethereum Classic 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 | Ethereum Classic | |
|---|---|---|
| Created by | Vitalik Buterin | Vitalik Buterin |
| Native token | ETH | ETC |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 27 | 15 |
| Block time (secs) | 12 | 13 |
| Layer | 1 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $17.48 | $0.0001 |
| Staking rewards (APR) | 3.31% | % |
High-level Comparisons
Is Ethereum faster than Ethereum Classic?
Yes, Ethereum can process 27 transactions per second. Ethereum Classic only processes up to 15.
Is Ethereum cheaper than Ethereum Classic?
Yes, Ethereum has an average transaction fee of $17.48, whereas Ethereum Classic costs $0.0001.