Solana is a blockchain technology that is being developed by scientists and technologists at the National Renewable Energy Laboratory. The Solana blockchain is designed to facilitate transactions of high volumes of data in a fast and secure way. This could have implications in many industries, including finance, information technology, health care and the internet of things (IOT).

Solana

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.

	Solana	Ethereum Classic
Created by	Anatoly Yakovenko	Vitalik Buterin
Native token	SOL	ETC
Consensus algorithm	PoH	PoW
Hashing algorithm	SHA-256	KECCAK-256
Supports EVM	No	Yes
TPS	65000	15
Block time (secs)	0.4	13
Layer	1	1
Supports smart contracts	Yes	Yes
Average transaction fee	$0.00025	$0.0001
Staking rewards (APR)	7%	%

Solana vs. Ethereum Classic

Overview

Table of Contents

Comparison

Is Solana faster than Ethereum Classic?

Is Solana cheaper than Ethereum Classic?