Optimism vs Ethereum Classic
Optimism 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
| Optimism | Ethereum Classic | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Vitalik Buterin |
| Native token | OP | ETC |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 4000 | 15 |
| Block time (secs) | 2 | 13 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $0.0001 |
| Staking rewards (APR) | 0% | % |
High-level Comparisons
Is Optimism faster than Ethereum Classic?
Yes, Optimism can process 4000 transactions per second. Ethereum Classic only processes up to 15.
Is Optimism cheaper than Ethereum Classic?
Yes, Optimism has an average transaction fee of $0.141, whereas Ethereum Classic costs $0.0001.