Polkadot vs Ethereum Classic

Polkadot 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

PolkadotEthereum Classic
Created byGavin Wood, Robert Habermeier and Peter CzabanVitalik Buterin
Native tokenDOTETC
Consensus algorithmPoSPoW
Hashing algorithmBLAKE2KECCAK-256
Supports EVMNoYes
Block time (secs)613
Supports smart contractsYesYes
Average transaction fee$0.08792$0.0001
Staking rewards (APR)14.5%%

High-level Comparisons

Is Polkadot faster than Ethereum Classic?

Yes, Polkadot can process 1000 transactions per second. Ethereum Classic only processes up to 15.

Is Polkadot cheaper than Ethereum Classic?

Yes, Polkadot has an average transaction fee of $0.08792, whereas Ethereum Classic costs $0.0001.