Abstract vs Algorand Scalability
Real-time TPS
Abstract has no data, while Algorand TPS is 5.07 tx/s
Max TPS (100 blocks)
Abstract has no data, while Algorand max TPS is 5,716 tx/s
Max Theoretical TPS
Abstract has no data, while Algorand max theoretical TPS is 9,384 tx/s
Transaction Volume
Abstract has no data, while Algorand transaction volume is 18,267 txns
Block Time
Abstract has no data, while Algorand block time is 2.81s
Finality
Abstract has no data, while Algorand finality is 0s
Type
Abstract has no data, while Algorand is a layer 1 blockchain
Launch Date
Abstract has no data, while Algorand was launched on Jun 12, 2019
Abstract vs Algorand Decentralization New
Nakamoto Coefficient
Abstract has no data, while Algorand Nakamoto Coefficient is 12
Validators/Miners
Abstract has no data, while Algorand has 1,903 validators
Stake/Hashrate
Abstract has no data, while Algorand stake is $481.1M
Consensus Mechanism
Abstract has no data, while Algorand is Pure Proof of Stake
Governance
Abstract has no data, while Algorand governance is on-chain
Other Comparisons
Abstract Comparisons
About Blockchains
About Abstract
Abstract is a Layer 2 (L2) network built on top of Ethereum, designed to securely power consumer-facing blockchain applications at scale with low fees and fast transaction speeds.
Built on top of the ZK Stack, Abstract is a zero-knowledge (ZK) rollup built to be a more scalable alternative to Ethereum; it achieves this scalability by executing transactions off-chain, batching them together, and verifying batches of transactions on Ethereum using (ZK) proofs.
Abstract is EVM compatible, meaning it looks and feels like Ethereum, but with lower gas fees and higher transaction throughput. Existing smart contracts built for Ethereum will work out of the box on Abstract (with some differences), meaning developers can easily port applications to Abstract with no or minimal changes.
About Algorand
Algorand emerges as a blockchain platform committed to fostering transparency and enabling the growth of decentralized projects and applications. Operating as a public, decentralized blockchain, it leverages a Pure Proof-of-Stake (PPoS) consensus mechanism to uphold network security, efficiency, and decentralization. Powered by the Algorand Consensus Algorithm, the network employs a combination of cryptographic techniques and random selection to attain consensus, effectively addressing the constraints of traditional consensus mechanisms.