Real-time TPS
Chainspect
Algorand TPS is 72.78% less than NEAR TPS
8.13 tx/s
29.86 tx/s
Max TPS (100 blocks)
Chainspect
Algorand max TPS is 1.38X more than NEAR max TPS
5,716 tx/s
4,135 tx/s
Max Theoretical TPS
Chainspect
Algorand max theoretical TPS is 21.8% less than NEAR max theoretical TPS
9,384 tx/s
12,000 tx/s
New
Transaction Volume
Chainspect
Algorand transaction volume is 72.78% less than NEAR transaction volume
29,260 txns
107,513 txns
Block Time
Chainspect
Algorand block time is 2.8X more than NEAR block time
2.78s
0.99s
Finality
Chainspect
Algorand finality is 100% less than NEAR finality
0s
1.2s
Nakamoto Coefficient
Chainspect
Algorand and NEAR nakamoto coefficient are both coming soon
Soon
Soon
Active Addresses
Chainspect
Algorand and NEAR active addresses are both coming soon
Soon
Soon
Governance
Chainspect
Algorand on-chain governance is better than NEAR council governance
On-chain
Council
Type
Chainspect
Algorand and NEAR are both layer 1 blockchains
Layer 1 blockchain
Layer 1 blockchain
Launch Date
Chainspect
Algorand was launched 11 months before NEAR
Jun 12, 2019
Apr 22, 2020
Algorand vs NEAR Real-Time TPS Chart
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Other Comparisons
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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 NEAR
NEAR is the chain abstraction stack, empowering builders to create apps that scale to billions of users and across all blockchains.