Bitcoin is a decentralized digital currency that works as a medium of exchange for goods and services. It was created in 2009 by a pseudonymous programmer named Satoshi Nakamoto (believed to be a Japanese man) as an alternative to other existing forms of currency, which are controlled by national governments and monetary authorities. Similar to cash, Bitcoin only exists digitally, but unlike cash it can be used to buy things electronically, like online goods or services. Bitcoin is made possible by a technology known as blockchain, which acts as the underlying infrastructure that makes facilitating transactions possible without the need of a third party (for example, banks).

Bitcoin

The Ethereum Classic Blockchain is the original Ethereum blockchain and one of the largest and most established blockchain networks in existence. The Ethereum Classic (ETC) cryptocurrency token is a tradable, digital asset that is part of a system that can be used to trade goods, assets, or services.

	Bitcoin	Ethereum Classic
Created by	Satoshi Nakamoto	Vitalik Buterin
Native token	BTC	ETC
Consensus algorithm	PoW	PoW
Hashing algorithm	SHA-256	KECCAK-256
Supports EVM	No	Yes
TPS	5	15
Block time (secs)	600	13
Layer	1	1
Supports smart contracts	No	Yes
Average transaction fee	$5.0973	$0.0001
Staking rewards (APR)	0%	%

Bitcoin vs. Ethereum Classic

Overview

Table of Contents

Comparison

Is Bitcoin faster than Ethereum Classic?

Is Bitcoin cheaper than Ethereum Classic?