Bitcoin vs Phala Network Scalability
Real-time TPS
Bitcoin TPS is 5.67 tx/s, while Phala Network has no data
Max TPS (100 blocks)
Bitcoin max TPS is 13.2 tx/s, while Phala Network has no data
Max Theoretical TPS
Bitcoin max theoretical TPS is 7 tx/s, while Phala Network has no data
Transaction Volume
Bitcoin transaction volume is 20,420 txns, while Phala Network has no data
Block Time
Bitcoin block time is 9m 31s, while Phala Network has no data
Finality
Bitcoin finality is 1h, while Phala Network has no data
Type
Bitcoin is a layer 1 blockchain, while Phala Network has no data
Launch Date
Bitcoin was launched on Jan 3, 2009, while the Phala Network has no data
Bitcoin vs Phala Network Decentralization New
Nakamoto Coefficient
Bitcoin Nakamoto Coefficient is 4, while Phala Network has no data
Validators/Miners
Bitcoin has 89 miners, while Phala Network has no data
Stake/Hashrate
Bitcoin hashrate is 693 EH/s, while Phala Network has no data
Consensus Mechanism
Bitcoin is PoW, while Phala Network has no data
Governance
Bitcoin governance is off-chain, while Phala Network 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 Phala Network
Phala Network tackles the issue of trust in the computation cloud.