Compare Bitcoin vs Algorand
Open in ChatGPTBitcoin vs Algorand Scalability
Real-time TPS (1H)
Bitcoin TPS is 41.95% lower than Algorand TPS
Data from Chainspect
Max TPS (100 blocks)
Bitcoin max TPS is 99.76% lower than Algorand max TPS
Data from Chainspect
Max Theoretical TPS
Bitcoin max theoretical TPS is 99.92% lower than Algorand max theoretical TPS
Data from Chainspect
Transaction Volume (1H)
Bitcoin transaction volume is 41.95% lower than Algorand transaction volume
Data from Chainspect
Block Time (1H)
Bitcoin block time is 189X longer than Algorand block time
Data from Chainspect
Finality
Bitcoin finality is 100% longer than Algorand finality
Data from Chainspect
Type
Bitcoin and Algorand are both layer 1 blockchains
Data from Chainspect
Total Transactions (All time)
Bitcoin has 61.34% fewer total transactions than Algorand
Data from Chainspect
Launch Date
Bitcoin was launched 10 years before Algorand
Data from Chainspect
Bitcoin vs Algorand Decentralization
Nakamoto Coefficient
Bitcoin Nakamoto Coefficient is 66.66% lower than Algorand Nakamoto Coefficient
Data from Chainspect
Validators/Miners
Bitcoin has 92.59% fewer miners than Algorand has validators
Data from Chainspect
Stake/Hashrate
Bitcoin hashrate is 1.12K EH/s, while Algorand stake is $226.6M
Data from Chainspect
Consensus Mechanism
Bitcoin is PoW, while Algorand is Pure Proof of Stake
Data from Chainspect
Governance
Bitcoin off-chain governance is worse than Algorand on-chain governance
Data from Chainspect
Bitcoin vs Algorand Developer Activity
Developers
Bitcoin has 3.5X more developers than Algorand
Data from Chainspect
Commits
Bitcoin has 3.01X more commits than Algorand
Data from Chainspect
Repos
Bitcoin has 87.13% fewer repos than Algorand
Data from Chainspect
Stars
Bitcoin has 20X more stars than Algorand
Data from Chainspect
Watchers
Bitcoin has 6.04X more watchers than Algorand
Data from Chainspect
Bitcoin vs Algorand Financials New
Chain Revenue
Bitcoin chain revenue is 2,268X higher than Algorand chain revenue
Data from Chainspect
Average Transaction Fee
Bitcoin average transaction fee is 3,697X higher than Algorand average transaction fee
Data from Chainspect
Market Cap
Bitcoin market cap is 1,749X higher than Algorand market cap
Data from Chainspect
FDV
Bitcoin FDV is 1,625X higher than Algorand FDV
Data from Chainspect
Market Cap / FDV
Bitcoin Market Cap to FDV ratio is 1.08X higher than Algorand Market Cap to FDV ratio
Data from Chainspect
Price
Bitcoin price is 773,730X higher than Algorand price
Data from Chainspect
Bitcoin vs Algorand Real-time TPS Chart
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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 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.