What is the difference between #define and const?

#define is textual replacement, so it is as fast as it can get. Plus it guarantees constness. The downside is that it's not type-safe.

On the other hand, const variables may or may not be replaced inline in the code. You can cast away the constness, forcing it to be in memory (although it probably resides in read-only memory to begin with, but there's headaches either way). It is guaranteed to be type-safe though since it carries its own type with it.

I would personally recommend const to make your intent clear.

The difference is that #define is processed by the preprocessor doing what amounts to simple text replacement. Const values defined like this are not visible for the actual compiler, while a variable defined with the const modifier is an actual typed "variable" (well not really that variable). The disadvantage of #define is that is replaces every occurence of the name, while const variables get normal lookup, so you have less risk of naming conflicts and it's not typesafe.

The advantage of #define is that it guarantees constness and therefore there will be no backing variable. Const Variables may or may not be substituted into the code, so #define might be faster in some situations. However a good compiler should inline those consts anyways and it's unlikely to make much of a difference in most situations, so I would keep using const unless you have a piece of code where you have seen that the compiler hasn't inlined the variable and it is very, very performance critical code.

The #define directive is a preprocessor directive; the preprocessor replaces those macros by their body before the compiler even sees it. Think of it as an automatic search and replace of your source code.

A const variable declaration declares an actual variable in the language, which you can use... well, like a real variable: take its address, pass it around, use it, cast/convert it, etc.

Oh, performance: Perhaps you're thinking that avoiding the declaration of a variable saves time and space, but with any sensible compiler optimisation levels there will be no difference, as constant values are already substituted and folded at compile time. But you gain the huge advantage of type checking and making your code known to the debugger, so there's really no reason not to use const variables.

#define creates an entity for substitution by the macro pre-processor, which is quite different from a constant because depending on what you define it will or will not be treated as a constant. The contents of a #define can be arbitrarily complex, the classic example is like this:

#define SQR(x) (x)*(x)

Then later if used:

SQR(2+3*4)

That would be turned into:

(2+3*4)*(2+3*4)