IoTeX vs Abstract Scalability
Real-time TPS
IoTeX TPS is 1.62 tx/s, while Abstract has no data
Max TPS (100 blocks)
IoTeX max TPS is 829.7 tx/s, while Abstract has no data
Max Theoretical TPS
IoTeX max theoretical TPS is 2,000 tx/s, while Abstract has no data
Transaction Volume
IoTeX transaction volume is 5,823 txns, while Abstract has no data
Block Time
IoTeX block time is 2.5s, while Abstract has no data
Finality
IoTeX finality is 0s, while Abstract has no data
Type
IoTeX is a layer 1 blockchain, while Abstract has no data
Launch Date
IoTeX was launched on Apr 22, 2019, while the Abstract has no data
IoTeX vs Abstract Decentralization New
Nakamoto Coefficient
IoTeX Nakamoto Coefficient is 9, while Abstract has no data
Validators/Miners
IoTeX has 72 validators, while Abstract has no data
Stake/Hashrate
IoTeX stake is $123.8M, while Abstract has no data
Consensus Mechanism
IoTeX is PoS, while Abstract has no data
Governance
IoTeX governance is on-chain, while Abstract has no data
Other Comparisons
IoTeX Comparisons
About Blockchains
About IoTeX
IoTeX is a blockchain platform designed specifically for the Internet of Things (IoT) industry. It aims to address the scalability, privacy, and security challenges associated with connecting billions of devices to the internet. IoTeX utilizes a unique architecture that combines blockchain, decentralized identity, and secure hardware to create a trusted and privacy-centric infrastructure for IoT applications. It offers lightweight and efficient consensus mechanisms, support for trusted computing environments, and privacy-preserving techniques such as zero-knowledge proofs.
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.