Compare Hedera vs Algorand
Open in ChatGPTHedera vs Algorand Scalability
Real-time TPS (1H)
Hedera TPS is 41.39% lower than Algorand TPS
Data from Chainspect
Max TPS (100 blocks)
Hedera max TPS is 42.22% lower than Algorand max TPS
Data from Chainspect
Max Theoretical TPS
Hedera max theoretical TPS is 1.07X higher than Algorand max theoretical TPS
Data from Chainspect
Transaction Volume (1H)
Hedera transaction volume is 41.39% lower than Algorand transaction volume
Data from Chainspect
Block Time (1H)
Hedera block time is 29.46% shorter than Algorand block time
Data from Chainspect
Finality
Hedera finality is the same as Algorand finality
Data from Chainspect
Type
Hedera and Algorand are both layer 1 blockchains
Data from Chainspect
Total Transactions
Hedera has 22X more total transactions than Algorand
Data from Chainspect
Launch Date
Hedera was launched 3 months after Algorand
Data from Chainspect
Hedera vs Algorand Decentralization
Nakamoto Coefficient
Hedera Nakamoto Coefficient is 33.33% lower than Algorand Nakamoto Coefficient
Data from Chainspect
Validators
Hedera has 98.25% fewer validators than Algorand
Data from Chainspect
Stake
Hedera stake is 8.15X higher than Algorand stake
Data from Chainspect
Consensus Mechanism
Hedera is PoS, while Algorand is Pure Proof of Stake
Data from Chainspect
Governance
Hedera council governance is worse than Algorand on-chain governance
Data from Chainspect
Hedera vs Algorand Developer Activity
Developers
Hedera has 1.94X more developers than Algorand
Data from Chainspect
Repos
Hedera has 31.73% fewer repos than Algorand
Data from Chainspect
Commits
Hedera has 1.87X more commits than Algorand
Data from Chainspect
Stars
Hedera has 24.39% fewer stars than Algorand
Data from Chainspect
Watchers
Hedera has 1.22X more watchers than Algorand
Data from Chainspect
Hedera vs Algorand Financials New
Chain Revenue
Hedera chain revenue is 6.6X higher than Algorand chain revenue
Data from Chainspect
Average Transaction Fee
Hedera average transaction fee is 8.8X higher than Algorand average transaction fee
Data from Chainspect
Market Cap
Hedera market cap is 4.84X higher than Algorand market cap
Data from Chainspect
FDV
Hedera FDV is 5.02X higher than Algorand FDV
Data from Chainspect
Market Cap / FDV
Hedera Market Cap to FDV ratio is 3.63% lower than Algorand Market Cap to FDV ratio
Data from Chainspect
Price
Hedera price is 1X higher than Algorand price
Data from Chainspect
Hedera vs Algorand Real-time TPS Chart
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Hedera Comparisons
About Blockchains
About Hedera
Hedera operates as a public network employing the hashgraph consensus algorithm for rapid and secure transaction validation. Governed by a council of esteemed organizations, Hedera ensures consistent progress and decentralization. Distinguished by its high throughput, security, and fair transaction ordering, Hedera strives to establish a trust layer for the internet.
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.