Feature / ASP.NET Web Service / WCF
Data Transformation / To and from Data Transition is done through XML Serializer / DataContractSerializer is used for data transition
File Extension / File extention is asmx / File extension is .svc
Webmethods vs DataContract Attributes / ASP.NET WebService uses Webmethods to to translate .NET FW types in to XML. / The WCF uses the DataContractAttribute and DataMemeberAttribute to translate .NET FW types in to XML.
Limitations / Only Public fields or Properties of .NET types can be translated into XML.Only the classes which implement IEnumerable interface,ICollection interface can be serializable / Public/Private fields or properties of .NET types can be translated
IDictionary Interface class / Classes that implement the IDictionary interface, such as Hash table can not be serialized. / The DataContractSerializer can translate the Hash Table into XML. Hence using WCF we can even translate HashTable into XML
Performance / Slower compared to WCF / The main benifit of the design of the DataContractSerializer is better performance over XML serialization
Know which fields /properties / XMLSerialization does not indicate the which fields or properties of the type are serialized into XML / DataCotratSerializer Explicitly shows the which fields or properties are serialized into XML
Exception handling / In ASP.NET Web services, Unhandled exceptions are returned to the client as SOAP faults. / In WCF Services, unhandled exceptions are not returned to clients as SOAP faults. A configuration setting is provided to have the unhandled exceptions returned to clients for the purpose of debugging.
Example / [WebService]
public class Service : System.Web.Services.WebService
{
[WebMethod]
public string Demo(string strDemog)
{
return strDemo;
}
} / [ServiceContract]
public interface ITest
{
[OperationContract]
string ShowMessage(string strDemo);
}
public class Service : ITest
{
public string Demo(string strDemo)
{
return strDemo;
}
}

WCF/ASP.Net Web Services are used for developing web services. Here is a list of differentiation between these two.