Compare Algorand vs Bitcoin
Open in ChatGPTAlgorand vs Bitcoin Scalability
Real-time TPS (1H)
Algorand TPS is 29.51% lower than Bitcoin TPS
Data from Chainspect
Max TPS (100 blocks)
Algorand max TPS is 433X higher than Bitcoin max TPS
Data from Chainspect
Max Theoretical TPS
Algorand max theoretical TPS is 1,341X higher than Bitcoin max theoretical TPS
Data from Chainspect
Transaction Volume (1H)
Algorand transaction volume is 29.51% lower than Bitcoin transaction volume
Data from Chainspect
Block Time (1H)
Algorand block time is 99.53% shorter than Bitcoin block time
Data from Chainspect
Finality
Algorand finality is 100% shorter than Bitcoin finality
Data from Chainspect
Type
Algorand and Bitcoin are both layer 1 blockchains
Data from Chainspect
Total Transactions (All time)
Algorand has 2.58X more total transactions than Bitcoin
Data from Chainspect
Launch Date
Algorand was launched 10 years after Bitcoin
Data from Chainspect
Algorand vs Bitcoin Decentralization
Nakamoto Coefficient
Algorand Nakamoto Coefficient is 4X higher than Bitcoin Nakamoto Coefficient
Data from Chainspect
Validators/Miners
Algorand has 14X more validators than Bitcoin has miners
Data from Chainspect
Stake/Hashrate
Algorand stake is $254.9M, while Bitcoin hashrate is 1.02K EH/s
Data from Chainspect
Consensus Mechanism
Algorand is Pure Proof of Stake, while Bitcoin is PoW
Data from Chainspect
Governance
Algorand on-chain governance is better than Bitcoin off-chain governance
Data from Chainspect
Algorand vs Bitcoin Developer Activity
Developers
Algorand has 71.38% fewer developers than Bitcoin
Data from Chainspect
Commits
Algorand has 66.25% fewer commits than Bitcoin
Data from Chainspect
Repos
Algorand has 7.82X more repos than Bitcoin
Data from Chainspect
Stars
Algorand has 95.1% fewer stars than Bitcoin
Data from Chainspect
Watchers
Algorand has 83.44% fewer watchers than Bitcoin
Data from Chainspect
Algorand vs Bitcoin Financials New
Chain Revenue
Algorand chain revenue is 99.95% lower than Bitcoin chain revenue
Data from Chainspect
Average Transaction Fee
Algorand average transaction fee is 99.97% lower than Bitcoin average transaction fee
Data from Chainspect
Market Cap
Algorand market cap is 99.94% lower than Bitcoin market cap
Data from Chainspect
FDV
Algorand FDV is 99.93% lower than Bitcoin FDV
Data from Chainspect
Market Cap / FDV
Algorand Market Cap to FDV ratio is 6.94% lower than Bitcoin Market Cap to FDV ratio
Data from Chainspect
Price
Algorand price is 99.99% lower than Bitcoin price
Data from Chainspect
Algorand vs Bitcoin Real-time TPS Chart
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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 Bitcoin
Bitcoin stands as a leading cryptocurrency and payment network, utilizing peer-to-peer technology to operate without central authorities. It embraces global participation as an open-source platform. A notable advancement in Bitcoin is the introduction of ordinals and inscriptions. Launched in January 2023, the Bitcoin ordinals protocol enables the embedding of digital content like art, text, or video directly onto the Bitcoin blockchain. This innovation allows for the creation of exclusive digital collectibles, giving each satoshi a unique identity and purpose, broadening Bitcoin's utility beyond its role as a store of value.