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- Algorand vs Hedera
Algorand vs Hedera Scalability
Real-time TPS
Algorand TPS is 1.18X higher than Hedera TPS
Max TPS (100 blocks)
Algorand max TPS is 1.73X higher than Hedera max TPS
Max Theoretical TPS
Algorand max theoretical TPS is 6.16% lower than Hedera max theoretical TPS
Transaction Volume
Algorand transaction volume is 1.18X higher than Hedera transaction volume
Block Time
Algorand block time is 1.41X longer than Hedera block time
Finality
Algorand finality is the same as Hedera finality
Type
Algorand and Hedera are both layer 1 blockchains
Launch Date
Algorand was launched 3 months before Hedera
Algorand vs Hedera Decentralization New
Nakamoto Coefficient
Algorand Nakamoto Coefficient is 2X higher than Hedera Nakamoto Coefficient
Validators
Algorand has 67X more validators than Hedera
Stake
Algorand stake is 1.954B ALGO, while Hedera stake is 14.66B HBAR
Consensus Mechanism
Algorand is Pure Proof of Stake, while Hedera is PoS
Governance
Algorand on-chain governance is better than Hedera council governance
Algorand vs Hedera Real-Time TPS Chart
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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 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.