Bitcoin vs Phala Network

Bitcoin vs Phala Network Scalability

Real-time TPS

Chainspect

Bitcoin TPS is 5.67 tx/s, while Phala Network has no data

Bitcoin logo
5.67 tx/s

Max TPS (100 blocks)

Chainspect

Bitcoin max TPS is 13.2 tx/s, while Phala Network has no data

Bitcoin logo
13.2 tx/s

Max Theoretical TPS

Chainspect

Bitcoin max theoretical TPS is 7 tx/s, while Phala Network has no data

Bitcoin logo
7 tx/s

Transaction Volume

Chainspect

Bitcoin transaction volume is 20,420 txns, while Phala Network has no data

Bitcoin logo
20,420 txns

Block Time

Chainspect

Bitcoin block time is 9m 31s, while Phala Network has no data

Bitcoin logo
9m 31s

Finality

Chainspect

Bitcoin finality is 1h, while Phala Network has no data

Bitcoin logo
1h

Type

Chainspect

Bitcoin is a layer 1 blockchain, while Phala Network has no data

Bitcoin logo
Layer 1 blockchain

Launch Date

Chainspect

Bitcoin was launched on Jan 3, 2009, while the Phala Network has no data

Bitcoin logo
Jan 3, 2009

Bitcoin vs Phala Network Decentralization New

Nakamoto Coefficient

Chainspect

Bitcoin Nakamoto Coefficient is 4, while Phala Network has no data

Bitcoin logo
4

Validators/Miners

Chainspect

Bitcoin has 89 miners, while Phala Network has no data

Bitcoin logo
89

Stake/Hashrate

Chainspect

Bitcoin hashrate is 693 EH/s, while Phala Network has no data

Bitcoin logo
693 EH/s

Consensus Mechanism

Chainspect

Bitcoin is PoW, while Phala Network has no data

Bitcoin logo
Proof of Work (PoW)

Governance

Chainspect

Bitcoin governance is off-chain, while Phala Network has no data

Bitcoin logo
Off-chain

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 Phala Network

Phala Network tackles the issue of trust in the computation cloud.

Blockchains Socials

Bitcoin Socials

Phala Network Socials