Ethereum Classic vs. Optimism
In this article we'll compare Ethereum Classic and Optimism. This is an indepth review that considers many metrics.
Overview
| Ethereum Classic | Optimism | |
|---|---|---|
| Created by | Vitalik Buterin | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho |
| Native token | ETC | OP |
| Consensus algorithm | PoW | PoS |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 15 | 4000 |
| Block time (secs) | 13 | 2 |
| Layer | 1 | 2 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.0001 | $0.141 |
| Staking rewards (APR) | 0% | % |
Table of Contents
Comparison
Is Ethereum Classic faster than Optimism?
No, Ethereum Classic processes 15 transactions per second and Optimism processes 4000.
Is Ethereum Classic cheaper than Optimism?
No, Ethereum Classic has an average transaction fee of $0.0001, whereas Optimism costs $0.141.