Hedera vs Algorand

Hedera vs Algorand Scalability

Real-time TPS

Chainspect

Hedera TPS is 28.01% lower than Algorand TPS

Hedera logo
3.36 tx/s
Algorand logo
4.67 tx/s

Max TPS (100 blocks)

Chainspect

Hedera max TPS is 42.22% lower than Algorand max TPS

Hedera logo
3,302 tx/s
Algorand logo
5,716 tx/s

Max Theoretical TPS

Chainspect

Hedera max theoretical TPS is 1.07X higher than Algorand max theoretical TPS

Hedera logo
10,000 tx/s
Algorand logo
9,384 tx/s

Transaction Volume

Chainspect

Hedera transaction volume is 28.01% lower than Algorand transaction volume

Hedera logo
12,102 txns
Algorand logo
16,812 txns

Block Time

Chainspect

Hedera block time is 28.1% shorter than Algorand block time

Hedera logo
2s
Algorand logo
2.78s

Finality

Chainspect

Hedera finality is the same as Algorand finality

Hedera logo
0s
Algorand logo
0s

Type

Chainspect

Hedera and Algorand are both layer 1 blockchains

Hedera logo
Layer 1 blockchain
Algorand logo
Layer 1 blockchain

Launch Date

Chainspect

Hedera was launched 3 months after Algorand

Hedera logo
Sep 16, 2019
Algorand logo
Jun 12, 2019

Hedera vs Algorand Decentralization New

Nakamoto Coefficient

Chainspect

Hedera Nakamoto Coefficient is 50% lower than Algorand Nakamoto Coefficient

Hedera logo
6
Algorand logo
12

Validators

Chainspect

Hedera has 98.37% fewer validators than Algorand

Hedera logo
31
Algorand logo
1,903

Stake

Chainspect

Hedera stake is 7.15X higher than Algorand stake

Hedera logo
$3.439B
Algorand logo
$481.1M

Consensus Mechanism

Chainspect

Hedera is PoS, while Algorand is Pure Proof of Stake

Hedera logo
Proof of Stake (PoS)
Algorand logo
Pure Proof of Stake

Governance

Chainspect

Hedera council governance is worse than Algorand on-chain governance

Hedera logo
Council
Algorand logo
On-chain

Hedera vs Algorand Real-Time TPS Chart

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Other 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.

Blockchains Socials

Hedera Socials

Algorand Socials