Celo vs Abstract

Celo vs Abstract Scalability

Real-time TPS

Chainspect

Celo TPS is 30.72 tx/s, while Abstract has no data

Celo logo
30.72 tx/s
A

Max TPS (100 blocks)

Chainspect

Celo max TPS is 268.1 tx/s, while Abstract has no data

Celo logo
268.1 tx/s
A

Max Theoretical TPS

Chainspect

Celo max theoretical TPS is 476.2 tx/s, while Abstract has no data

Celo logo
476.2 tx/s
A

Transaction Volume

Chainspect

Celo transaction volume is 110,599 txns, while Abstract has no data

Celo logo
110,599 txns
A

Block Time

Chainspect

Celo block time is 1s, while Abstract has no data

Celo logo
1s
A

Finality

Chainspect

Celo finality is 24m 48s, while Abstract has no data

Celo logo
24m 48s
A

Type

Chainspect

Celo is a layer 2 blockchain, while Abstract has no data

Celo logo
Layer 2 blockchain
A

Launch Date

Chainspect

Celo was launched on Apr 22, 2020, while the Abstract has no data

Celo logo
Apr 22, 2020
A

Celo vs Abstract Decentralization New

Nakamoto Coefficient

Chainspect

Celo Nakamoto Coefficient is 1, while Abstract has no data

Celo logo
1
A

Validators/Miners

Chainspect

Celo has 1 validators, while Abstract has no data

Celo logo
1
A

Stake/Hashrate

Chainspect

Celo and Abstract have no data

Celo logo
A

Consensus Mechanism

Chainspect

Celo is Rollup (Optimistic), while Abstract has no data

Celo logo
Rollup (Optimistic)
A

Governance

Chainspect

Celo governance is on-chain, while Abstract has no data

Celo logo
On-chain
A

Other Comparisons

About Blockchains

About Celo

Celo stands as a blockchain ecosystem with a mission to foster cryptocurrency adoption among smartphone users globally. Utilizing phone numbers as public keys, Celo aims to onboard billions of smartphone owners, including those lacking traditional banking access, into cryptocurrency transactions. The platform is engineered to offer a comprehensive range of stablecoins, decentralized identification solutions, and other resources, empowering both users and developers alike.

About Abstract

Abstract is a Layer 2 (L2) network built on top of Ethereum, designed to securely power consumer-facing blockchain applications at scale with low fees and fast transaction speeds.

Built on top of the ZK Stack, Abstract is a zero-knowledge (ZK) rollup built to be a more scalable alternative to Ethereum; it achieves this scalability by executing transactions off-chain, batching them together, and verifying batches of transactions on Ethereum using (ZK) proofs.

Abstract is EVM compatible, meaning it looks and feels like Ethereum, but with lower gas fees and higher transaction throughput. Existing smart contracts built for Ethereum will work out of the box on Abstract (with some differences), meaning developers can easily port applications to Abstract with no or minimal changes.

Blockchains Socials

Celo Socials

Abstract Socials