Algorand vs NEAR

Real-time TPS

Algorand TPS is 83.47% less than NEAR TPS

15.7 tx/s

95.01 tx/s

Max TPS (100 blocks)

Algorand max TPS is 1.63X more than NEAR max TPS

5,716 tx/s

3,499 tx/s

Max Theoretical TPS

Algorand max theoretical TPS is 21.8% less than NEAR max theoretical TPS

9,384 tx/s

12,000 tx/s

Block Time

Algorand block time is 2.54X more than NEAR block time

2.81s

1.1s

Finality

Algorand finality is 100% less than NEAR finality

Type

Algorand and NEAR are both layer 1 blockchains

Layer 1 blockchain

Governance

Algorand on-chain governance is better than NEAR council governance

On-chain

Council

Launch Date

Algorand was launched 11 months before NEAR

Jun 12, 2019

Apr 22, 2020

Algorand vs NEAR 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 NEAR

NEAR is the chain abstraction stack, empowering builders to create apps that scale to billions of users and across all blockchains.