Compare Algorand vs Bitlayer
Open in ChatGPTAlgorand vs Bitlayer Scalability
Real-time TPS (1H)
Algorand TPS is 8.6 tx/s, while Bitlayer has no data
Data from Chainspect
Max TPS (100 blocks)
Algorand max TPS is 5,716 tx/s, while Bitlayer has no data
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Max Theoretical TPS
Algorand max theoretical TPS is 9,384 tx/s, while Bitlayer has no data
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Transaction Volume (1H)
Algorand transaction volume is 31K txns, while Bitlayer has no data
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Block Time (1H)
Algorand block time is 2.83s, while Bitlayer has no data
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Finality
Algorand finality is 0s, while Bitlayer has no data
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Type
Algorand is a layer 1 blockchain, while Bitlayer has no data
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Total Transactions
Algorand has 3.3B total transactions, while Bitlayer has no data
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Launch Date
Algorand was launched on Jun 12, 2019, while the Bitlayer has no data
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Algorand vs Bitlayer Decentralization
Nakamoto Coefficient
Algorand Nakamoto Coefficient is 12, while Bitlayer has no data
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Validators/Miners
Algorand has 1,769 validators, while Bitlayer has no data
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Stake/Hashrate
Algorand stake is $265.9M, while Bitlayer has no data
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Consensus Mechanism
Algorand is Pure Proof of Stake, while Bitlayer has no data
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Governance
Algorand governance is on-chain, while Bitlayer has no data
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Algorand vs Bitlayer Developer Activity
Developers
Algorand has 539 developers, while Bitlayer has no data
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Repos
Algorand has 167 repos, while Bitlayer has no data
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Commits
Algorand has 38,149 commits, while Bitlayer has no data
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Stars
Algorand has 5,115 stars, while Bitlayer has no data
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Watchers
Algorand has 924 watchers, while Bitlayer has no data
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Algorand vs Bitlayer Financials New
Chain Revenue
Algorand chain revenue is $142, while Bitlayer has no data
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Average Transaction Fee
Algorand average transaction fee is $0.0002279, while Bitlayer has no data
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Market Cap
Algorand market cap is $1.183B, while Bitlayer has no data
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FDV
Algorand FDV is $1.342B, while Bitlayer has no data
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Market Cap / FDV
Algorand Market Cap to FDV ratio is 88.16%, while Bitlayer has no data
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Price
Algorand price is $0.1342, while Bitlayer has no data
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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.