King Among Runaways
Join Date: Mar 2005
Bikes: 2004 Bianchi Pista, Cannondale Track, Soma Pake, Schwinn Breeze
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Fixed gears are a sub set of Single Speeds. Single Speeds have 1 gear and a rear free wheel where as Fixed Gears have a fixed rear wheel.
They are great for city riding and are, in fact, very efficient for hills (within reason)
Reduced maintenance is a big selling point, but by no means the only, or even the biggest, one.
Your Schwinn would be considered a Single Speed w/Coaster Break