Algorand vs Bitlayer Scalability
Real-time TPS
Algorand TPS is 4.67 tx/s, while Bitlayer has no data
Max TPS (100 blocks)
Algorand max TPS is 5,716 tx/s, while Bitlayer has no data
Max Theoretical TPS
Algorand max theoretical TPS is 9,384 tx/s, while Bitlayer has no data
Transaction Volume
Algorand transaction volume is 16,812 txns, while Bitlayer has no data
Block Time
Algorand block time is 2.78s, while Bitlayer has no data
Finality
Algorand finality is 0s, while Bitlayer has no data
Type
Algorand is a layer 1 blockchain, while Bitlayer has no data
Launch Date
Algorand was launched on Jun 12, 2019, while the Bitlayer has no data
Algorand vs Bitlayer Decentralization New
Nakamoto Coefficient
Algorand Nakamoto Coefficient is 12, while Bitlayer has no data
Validators/Miners
Algorand has 1,903 validators, while Bitlayer has no data
Stake/Hashrate
Algorand stake is $481.1M, while Bitlayer has no data
Consensus Mechanism
Algorand is Pure Proof of Stake, while Bitlayer has no data
Governance
Algorand governance is on-chain, while Bitlayer 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 Bitlayer
Bitlayer is an innovative Layer-2 solution specifically developed for the Bitcoin network. The core innovation lies in its utilization of the BitVM paradigm, which allows for the execution of smart contracts and decentralized applications (dApps) on the Bitcoin network.