Difference between WCF and ASP.NET Web Service

WCF
Windows Communication Foundation (WCF) is a framework for building service-oriented applications. Using WCF, you can send data as asynchronous messages from one service endpoint to another.

Web Services 
A Web Service is programmable application logic accessible via standard web protocols. One of these web protocols is the Simple Object Access Protocol (SOAP). SOAP is a W3C submitted note (as of May 2000) that uses standards based technologies (XML for data description and HTTP for transport) to encode and transmit application data.

Difference between WCF and ASP.NET Web Service

Features	Web Service	WCF
Hosting	It can be hosted in IIS	It can be hosted in IIS, windows activation service, Self-hosting, Windows service
Programming	[WebService] attribute has to be added to the class	[ServiceContraact] attribute has to be added to the class
Model	[WebMethod] attribute represents the method exposed to client	[OperationContract] attribute represents the method exposed to client
Operation	One-way, Request- Response are the different operations supported in web service	One-Way, Request-Response, Duplex are different type of operations supported in WCF
XML	System.Xml.serialization name space is used for serialization	System.Runtime.Serialization namespace is used for serialization
Encoding	XML 1.0, MTOM(Message Transmission Optimization Mechanism), DIME, Custom	XML 1.0, MTOM, Binary, Custom
Transports	Can be accessed through HTTP, TCP, Custom	Can be accessed through HTTP, TCP, Named pipes, MSMQ,P2P, Custom
Protocols	Security	Security, Reliable messaging, Transactions