Optimism vs. Ethereum Classic
In this article we'll compare Optimism and Ethereum Classic. This is an indepth review that considers many metrics.
Overview
| Optimism | Ethereum Classic | |
|---|---|---|
| Created by | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho | Vitalik Buterin |
| Native token | OP | ETC |
| Consensus algorithm | PoS | PoW |
| Hashing algorithm | KECCAK-256 | KECCAK-256 |
| Supports EVM | Yes | Yes |
| TPS | 4000 | 15 |
| Block time (secs) | 2 | 13 |
| Layer | 2 | 1 |
| Supports smart contracts | Yes | Yes |
| Average transaction fee | $0.141 | $0.0001 |
| Staking rewards (APR) | 0% | % |
Table of Contents
Comparison
Is Optimism faster than Ethereum Classic?
Yes, Optimism processes 4000 transactions per second, whereas Ethereum Classic only processes 15.
Is Optimism cheaper than Ethereum Classic?
Yes, Optimism has an average transaction fee of $0.141, whereas Ethereum Classic costs $0.0001.