Compare Algorand vs Hedera
Open in ChatGPTAlgorand vs Hedera Scalability
Real-time TPS (1H)
Algorand TPS is 2.63X higher than Hedera TPS
Data from Chainspect
Max TPS (100 blocks)
Algorand max TPS is 1.73X higher than Hedera max TPS
Data from Chainspect
Max Theoretical TPS
Algorand max theoretical TPS is 6.16% lower than Hedera max theoretical TPS
Data from Chainspect
Transaction Volume (1H)
Algorand transaction volume is 2.63X higher than Hedera transaction volume
Data from Chainspect
Block Time (1H)
Algorand block time is 1.43X longer than Hedera block time
Data from Chainspect
Finality
Algorand finality is the same as Hedera finality
Data from Chainspect
Type
Algorand and Hedera are both layer 1 blockchains
Data from Chainspect
Total Transactions
Algorand has 95.34% fewer total transactions than Hedera
Data from Chainspect
Launch Date
Algorand was launched 3 months before Hedera
Data from Chainspect
Algorand vs Hedera Decentralization
Nakamoto Coefficient
Algorand Nakamoto Coefficient is 1.5X higher than Hedera Nakamoto Coefficient
Data from Chainspect
Validators
Algorand has 57X more validators than Hedera
Data from Chainspect
Stake
Algorand stake is 88.02% lower than Hedera stake
Data from Chainspect
Consensus Mechanism
Algorand is Pure Proof of Stake, while Hedera is PoS
Data from Chainspect
Governance
Algorand on-chain governance is better than Hedera council governance
Data from Chainspect
Algorand vs Hedera Developer Activity
Developers
Algorand has 48.77% fewer developers than Hedera
Data from Chainspect
Commits
Algorand has 46.38% fewer commits than Hedera
Data from Chainspect
Repos
Algorand has 1.47X more repos than Hedera
Data from Chainspect
Stars
Algorand has 1.32X more stars than Hedera
Data from Chainspect
Watchers
Algorand has 18.34% fewer watchers than Hedera
Data from Chainspect
Algorand vs Hedera Financials New
Chain Revenue
Algorand chain revenue is 79.09% lower than Hedera chain revenue
Data from Chainspect
Average Transaction Fee
Algorand average transaction fee is 89.22% lower than Hedera average transaction fee
Data from Chainspect
Market Cap
Algorand market cap is 79.54% lower than Hedera market cap
Data from Chainspect
FDV
Algorand FDV is 80.31% lower than Hedera FDV
Data from Chainspect
Market Cap / FDV
Algorand Market Cap to FDV ratio is 1.04X higher than Hedera Market Cap to FDV ratio
Data from Chainspect
Price
Algorand price is 1.58% lower than Hedera price
Data from Chainspect
Algorand vs Hedera 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 Hedera
Hedera operates as a public network employing the hashgraph consensus algorithm for rapid and secure transaction validation. Governed by a council of esteemed organizations, Hedera ensures consistent progress and decentralization. Distinguished by its high throughput, security, and fair transaction ordering, Hedera strives to establish a trust layer for the internet.