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

  1. Metrics
  2. Comparison

Comparing Metrics

OptimismEthereum Classic
Created byJinglan Wang, Benjamin Jones, Karl Floersch, and Kevin HoVitalik Buterin
Native tokenOPETC
Consensus algorithmPoSPoW
Hashing algorithmKECCAK-256KECCAK-256
Supports EVMYesYes
Block time (secs)213
Supports smart contractsYesYes
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.