Arbitrum Nova vs Algorand

Arbitrum Nova vs Algorand Scalability

Real-time TPS

Chainspect

Arbitrum Nova has no data, while Algorand TPS is 4.67 tx/s

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4.67 tx/s

Max TPS (100 blocks)

Chainspect

Arbitrum Nova has no data, while Algorand max TPS is 5,716 tx/s

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5,716 tx/s

Max Theoretical TPS

Chainspect

Arbitrum Nova has no data, while Algorand max theoretical TPS is 9,384 tx/s

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9,384 tx/s

Transaction Volume

Chainspect

Arbitrum Nova has no data, while Algorand transaction volume is 16,812 txns

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16,812 txns

Block Time

Chainspect

Arbitrum Nova has no data, while Algorand block time is 2.78s

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2.78s

Finality

Chainspect

Arbitrum Nova has no data, while Algorand finality is 0s

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0s

Type

Chainspect

Arbitrum Nova has no data, while Algorand is a layer 1 blockchain

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Layer 1 blockchain

Launch Date

Chainspect

Arbitrum Nova has no data, while Algorand was launched on Jun 12, 2019

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Jun 12, 2019

Arbitrum Nova vs Algorand Decentralization New

Nakamoto Coefficient

Chainspect

Arbitrum Nova has no data, while Algorand Nakamoto Coefficient is 12

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12

Validators/Miners

Chainspect

Arbitrum Nova has no data, while Algorand has 1,903 validators

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1,903

Stake/Hashrate

Chainspect

Arbitrum Nova has no data, while Algorand stake is $481.1M

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$481.1M

Consensus Mechanism

Chainspect

Arbitrum Nova has no data, while Algorand is Pure Proof of Stake

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Pure Proof of Stake

Governance

Chainspect

Arbitrum Nova has no data, while Algorand governance is on-chain

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On-chain

Other Comparisons

About Blockchains

About Arbitrum Nova

Arbitrum Nova is a high-performance alternative to Arbitrum One's chain. While Arbitrum One implements the purely trustless Rollup protocol, Arbitrum Nova implements the mostly trustless AnyTrust protocol. The key difference between Rollup and AnyTrust is that the AnyTrust protocol introduces an additional trust assumption in the form of a Data Availability Committee (DAC). This committee (detailed below) is responsible for expediting the process of storing, batching, and posting child chain transaction data to Ethereum's parent chain. This lets you use Arbitrum in scenarios that demand performance and affordability, while Arbitrum One is optimal for scenarios that demand Ethereum's pure trustlessness.

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.

Blockchains Socials

Arbitrum Nova Socials

Algorand Socials