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