Bitcoin vs IoTeX

Bitcoin vs IoTeX Scalability

Real-time TPS

Chainspect

Bitcoin TPS is 2.37X higher than IoTeX TPS

Bitcoin logo
6.11 tx/s
IoTeX logo
2.58 tx/s

Max TPS (100 blocks)

Chainspect

Bitcoin max TPS is 98.4% lower than IoTeX max TPS

Bitcoin logo
13.2 tx/s
IoTeX logo
829.7 tx/s

Max Theoretical TPS

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Bitcoin max theoretical TPS is 99.65% lower than IoTeX max theoretical TPS

Bitcoin logo
7 tx/s
IoTeX logo
2,000 tx/s

Transaction Volume

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Bitcoin transaction volume is 2.37X higher than IoTeX transaction volume

Bitcoin logo
22,002 txns
IoTeX logo
9,298 txns

Block Time

Chainspect

Bitcoin block time is 270X longer than IoTeX block time

Bitcoin logo
11m 16s
IoTeX logo
2.5s

Finality

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Bitcoin finality is 100% longer than IoTeX finality

Bitcoin logo
1h
IoTeX logo
0s

Type

Chainspect

Bitcoin and IoTeX are both layer 1 blockchains

Bitcoin logo
Layer 1 blockchain
IoTeX logo
Layer 1 blockchain

Launch Date

Chainspect

Bitcoin was launched 10 years before IoTeX

Bitcoin logo
Jan 3, 2009
IoTeX logo
Apr 22, 2019

Bitcoin vs IoTeX Decentralization

Nakamoto Coefficient

Chainspect

Bitcoin Nakamoto Coefficient is 66.66% lower than IoTeX Nakamoto Coefficient

Bitcoin logo
3
IoTeX logo
9

Validators/Miners

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Bitcoin has 1.47X more miners than IoTeX has validators

Bitcoin logo
106
IoTeX logo
72

Stake/Hashrate

Chainspect

Bitcoin hashrate is 963 EH/s, while IoTeX stake is $121.1M

Bitcoin logo
963 EH/s
IoTeX logo
$121.1M

Consensus Mechanism

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Bitcoin is PoW, while IoTeX is PoS

Bitcoin logo
Proof of Work (PoW)
IoTeX logo
Proof of Stake (PoS)

Governance

Chainspect

Bitcoin off-chain governance is worse than IoTeX on-chain governance

Bitcoin logo
Off-chain
IoTeX logo
On-chain

Bitcoin vs IoTeX Developer Activity New

Developers

Chainspect

Bitcoin has 5.06X more developers than IoTeX

Bitcoin logo
1,874
IoTeX logo
370

Repos

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Bitcoin has 83.07% fewer repos than IoTeX

Bitcoin logo
22
IoTeX logo
130

Commits

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Bitcoin has 5.62X more commits than IoTeX

Bitcoin logo
113,556
IoTeX logo
20,194

Stars

Chainspect

Bitcoin has 39X more stars than IoTeX

Bitcoin logo
102,127
IoTeX logo
2,600

Watchers

Chainspect

Bitcoin has 5.95X more watchers than IoTeX

Bitcoin logo
5,590
IoTeX logo
939

Bitcoin vs IoTeX Real-Time TPS Chart

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Other 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 IoTeX

IoTeX is a blockchain platform designed specifically for the Internet of Things (IoT) industry. It aims to address the scalability, privacy, and security challenges associated with connecting billions of devices to the internet. IoTeX utilizes a unique architecture that combines blockchain, decentralized identity, and secure hardware to create a trusted and privacy-centric infrastructure for IoT applications. It offers lightweight and efficient consensus mechanisms, support for trusted computing environments, and privacy-preserving techniques such as zero-knowledge proofs.

Blockchains Socials

Bitcoin Socials

IoTeX Socials