IoTeX vs Algorand
IoTeX vs Algorand Scalability
Real-time TPS
IoTeX TPS is 67.57% lower than Algorand TPS
Max TPS (100 blocks)
IoTeX max TPS is 85.48% lower than Algorand max TPS
Max Theoretical TPS
IoTeX max theoretical TPS is 78.68% lower than Algorand max theoretical TPS
Transaction Volume
IoTeX transaction volume is 67.57% lower than Algorand transaction volume
Block Time
IoTeX block time is 11.04% shorter than Algorand block time
Finality
IoTeX finality is the same as Algorand finality
Type
IoTeX and Algorand are both layer 1 blockchains
Launch Date
IoTeX was launched 2 months before Algorand
IoTeX vs Algorand Decentralization
Nakamoto Coefficient
IoTeX Nakamoto Coefficient is 25% lower than Algorand Nakamoto Coefficient
Validators
IoTeX has 96.14% fewer validators than Algorand
Stake
IoTeX stake is 74.11% lower than Algorand stake
Consensus Mechanism
IoTeX is PoS, while Algorand is Pure Proof of Stake
Governance
IoTeX and Algorand governance are both on-chain
IoTeX vs Algorand Developer Activity New
Developers
IoTeX has 30.97% fewer developers than Algorand
Repos
IoTeX has 18.75% fewer repos than Algorand
Commits
IoTeX has 42.76% fewer commits than Algorand
Stars
IoTeX has 48.59% fewer stars than Algorand
Watchers
IoTeX has 4.28% fewer watchers than Algorand
IoTeX vs Algorand Real-Time TPS Chart
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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 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.