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
Comparing Metrics
| Polkadot | Ethereum Classic | |
|---|---|---|
| Created by | Gavin Wood, Robert Habermeier and Peter Czaban | Vitalik Buterin |
| Native token | DOT | ETC |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | BLAKE2 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 1000 | 15 |
| Block time (secs) | 6 | 13 |
| Layer | 0 | 1 |
| Supports smart contracts | Yes | Yes |
| 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.