Bitlayer vs Algorand Scalability
Real-time TPS
Bitlayer has no data, while Algorand TPS is 4.67 tx/s
Max TPS (100 blocks)
Bitlayer has no data, while Algorand max TPS is 5,716 tx/s
Max Theoretical TPS
Bitlayer has no data, while Algorand max theoretical TPS is 9,384 tx/s
Transaction Volume
Bitlayer has no data, while Algorand transaction volume is 16,812 txns
Block Time
Bitlayer has no data, while Algorand block time is 2.78s
Finality
Bitlayer has no data, while Algorand finality is 0s
Type
Bitlayer has no data, while Algorand is a layer 1 blockchain
Launch Date
Bitlayer has no data, while Algorand was launched on Jun 12, 2019
Bitlayer vs Algorand Decentralization New
Nakamoto Coefficient
Bitlayer has no data, while Algorand Nakamoto Coefficient is 12
Validators/Miners
Bitlayer has no data, while Algorand has 1,903 validators
Stake/Hashrate
Bitlayer has no data, while Algorand stake is $481.1M
Consensus Mechanism
Bitlayer has no data, while Algorand is Pure Proof of Stake
Governance
Bitlayer has no data, while Algorand governance is on-chain
Other Comparisons
Bitlayer Comparisons
About Blockchains
About Bitlayer
Bitlayer is an innovative Layer-2 solution specifically developed for the Bitcoin network. The core innovation lies in its utilization of the BitVM paradigm, which allows for the execution of smart contracts and decentralized applications (dApps) on the Bitcoin network.
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.