Explain the difference in an Abstract Class and an Interface?

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An Abstract class has abstract methods. An Abtsract class can not be instanitiated directly. All the abtract methods are implemented in the derived class. There is no multiple inheritance here.

Interface class also has abstract methods and all of them are public. You can have multiple inheritance with Interfaces.

Feature Interface Abstract class
Multiple inheritance A class may inherit several interfaces. A class may inherit only one abstract class.
Default implementation An interface cannot provide any code, just the signature. An abstract class can provide complete, default code and/or just the details that have to be overridden.
Access Modfiers An interface cannot have access modifiers for the subs, functions, properties etc everything is assumed as public An abstract class can contain access modifiers for the subs, functions, properties
Core VS Peripheral Interfaces are used to define the peripheral abilities of a class. In other words both Human and Vehicle can inherit from a IMovable interface. An abstract class defines the core identity of a class and there it is used for objects of the same type.
Homogeneity If various implementations only share method signatures then it is better to use Interfaces. If various implementations are of the same kind and use common behaviour or status then abstract class is better to use.
Speed Requires more time to find the actual method in the corresponding classes. Fast
Adding functionality (Versioning) If we add a new method to an Interface then we have to track down all the implementations of the interface and define implementation for the new method. If we add a new method to an abstract class then we have the option of providing default implementation and therefore all the existing code might work properly.
Fields and Constants No fields can be defined in interfaces An abstract class can have fields and constrants defined
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