Algorand vs Abstract Scalability
Real-time TPS
Algorand TPS is 5.07 tx/s, while Abstract has no data
Max TPS (100 blocks)
Algorand max TPS is 5,716 tx/s, while Abstract has no data
Max Theoretical TPS
Algorand max theoretical TPS is 9,384 tx/s, while Abstract has no data
Transaction Volume
Algorand transaction volume is 18,267 txns, while Abstract has no data
Block Time
Algorand block time is 2.81s, while Abstract has no data
Finality
Algorand finality is 0s, while Abstract has no data
Type
Algorand is a layer 1 blockchain, while Abstract has no data
Launch Date
Algorand was launched on Jun 12, 2019, while the Abstract has no data
Algorand vs Abstract Decentralization New
Nakamoto Coefficient
Algorand Nakamoto Coefficient is 12, while Abstract has no data
Validators/Miners
Algorand has 1,903 validators, while Abstract has no data
Stake/Hashrate
Algorand stake is $481.1M, while Abstract has no data
Consensus Mechanism
Algorand is Pure Proof of Stake, while Abstract has no data
Governance
Algorand governance is on-chain, while Abstract has no data
Other Comparisons
Algorand Comparisons
About Blockchains
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.
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.