Polkadot vs. Ethereum Classic
In this article we'll compare Polkadot and Ethereum Classic. This is an indepth review that considers many metrics.
Overview
| 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% | % |
Table of Contents
Comparison
Is Polkadot faster than Ethereum Classic?
Yes, Polkadot processes 1000 transactions per second, whereas Ethereum Classic only processes 15.
Is Polkadot cheaper than Ethereum Classic?
Yes, Polkadot has an average transaction fee of $0.08792, whereas Ethereum Classic costs $0.0001.