Bitcoin vs Abstract Scalability
Real-time TPS
Bitcoin TPS is 5.91 tx/s, while Abstract has no data
Max TPS (100 blocks)
Bitcoin max TPS is 13.2 tx/s, while Abstract has no data
Max Theoretical TPS
Bitcoin max theoretical TPS is 7 tx/s, while Abstract has no data
Transaction Volume
Bitcoin transaction volume is 21,265 txns, while Abstract has no data
Block Time
Bitcoin block time is 8m 13s, while Abstract has no data
Finality
Bitcoin finality is 1h, while Abstract has no data
Type
Bitcoin is a layer 1 blockchain, while Abstract has no data
Launch Date
Bitcoin was launched on Jan 3, 2009, while the Abstract has no data
Bitcoin vs Abstract Decentralization New
Nakamoto Coefficient
Bitcoin Nakamoto Coefficient is 3, while Abstract has no data
Validators/Miners
Bitcoin has 95 miners, while Abstract has no data
Stake/Hashrate
Bitcoin hashrate is 898 EH/s, while Abstract has no data
Consensus Mechanism
Bitcoin is PoW, while Abstract has no data
Governance
Bitcoin governance is off-chain, while Abstract has no data
Other Comparisons
Bitcoin Comparisons
About Blockchains
About Bitcoin
Bitcoin stands as a leading cryptocurrency and payment network, utilizing peer-to-peer technology to operate without central authorities. It embraces global participation as an open-source platform. A notable advancement in Bitcoin is the introduction of ordinals and inscriptions. Launched in January 2023, the Bitcoin ordinals protocol enables the embedding of digital content like art, text, or video directly onto the Bitcoin blockchain. This innovation allows for the creation of exclusive digital collectibles, giving each satoshi a unique identity and purpose, broadening Bitcoin's utility beyond its role as a store of value.
About Abstract
Abstract is a Layer 2 (L2) network built on top of Ethereum, designed to securely power consumer-facing blockchain applications at scale with low fees and fast transaction speeds.
Built on top of the ZK Stack, Abstract is a zero-knowledge (ZK) rollup built to be a more scalable alternative to Ethereum; it achieves this scalability by executing transactions off-chain, batching them together, and verifying batches of transactions on Ethereum using (ZK) proofs.
Abstract is EVM compatible, meaning it looks and feels like Ethereum, but with lower gas fees and higher transaction throughput. Existing smart contracts built for Ethereum will work out of the box on Abstract (with some differences), meaning developers can easily port applications to Abstract with no or minimal changes.