Abstract vs IoTeX Scalability
Real-time TPS
Abstract has no data, while IoTeX TPS is 1.62 tx/s
Max TPS (100 blocks)
Abstract has no data, while IoTeX max TPS is 829.7 tx/s
Max Theoretical TPS
Abstract has no data, while IoTeX max theoretical TPS is 2,000 tx/s
Transaction Volume
Abstract has no data, while IoTeX transaction volume is 5,823 txns
Block Time
Abstract has no data, while IoTeX block time is 2.5s
Finality
Abstract has no data, while IoTeX finality is 0s
Type
Abstract has no data, while IoTeX is a layer 1 blockchain
Launch Date
Abstract has no data, while IoTeX was launched on Apr 22, 2019
Abstract vs IoTeX Decentralization New
Nakamoto Coefficient
Abstract has no data, while IoTeX Nakamoto Coefficient is 9
Validators/Miners
Abstract has no data, while IoTeX has 72 validators
Stake/Hashrate
Abstract has no data, while IoTeX stake is $123.8M
Consensus Mechanism
Abstract has no data, while IoTeX is PoS
Governance
Abstract has no data, while IoTeX 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 IoTeX
IoTeX is a blockchain platform designed specifically for the Internet of Things (IoT) industry. It aims to address the scalability, privacy, and security challenges associated with connecting billions of devices to the internet. IoTeX utilizes a unique architecture that combines blockchain, decentralized identity, and secure hardware to create a trusted and privacy-centric infrastructure for IoT applications. It offers lightweight and efficient consensus mechanisms, support for trusted computing environments, and privacy-preserving techniques such as zero-knowledge proofs.