Compare IoTeX vs Algorand
Open in ChatGPTIoTeX vs Algorand Scalability
Real-time TPS (1H)
IoTeX TPS is 1.84X higher than Algorand TPS
Data from Chainspect
Max TPS (100 blocks)
IoTeX max TPS is 85.48% lower than Algorand max TPS
Data from Chainspect
Max Theoretical TPS
IoTeX max theoretical TPS is 78.68% lower than Algorand max theoretical TPS
Data from Chainspect
Transaction Volume (1H)
IoTeX transaction volume is 1.84X higher than Algorand transaction volume
Data from Chainspect
Block Time (1H)
IoTeX block time is 10.97% shorter than Algorand block time
Data from Chainspect
Finality
IoTeX finality is the same as Algorand finality
Data from Chainspect
Type
IoTeX and Algorand are both layer 1 blockchains
Data from Chainspect
Total Transactions (All time)
IoTeX has 88.04% fewer total transactions than Algorand
Data from Chainspect
Launch Date
IoTeX was launched 2 months before Algorand
Data from Chainspect
IoTeX vs Algorand Decentralization
Nakamoto Coefficient
IoTeX Nakamoto Coefficient is 33.33% lower than Algorand Nakamoto Coefficient
Data from Chainspect
Validators
IoTeX has 95.85% fewer validators than Algorand
Data from Chainspect
Stake
IoTeX stake is 86.51% lower than Algorand stake
Data from Chainspect
Consensus Mechanism
IoTeX is PoS, while Algorand is Pure Proof of Stake
Data from Chainspect
Governance
IoTeX and Algorand governance are both on-chain
Data from Chainspect
IoTeX vs Algorand Developer Activity
Developers
IoTeX has 30.51% fewer developers than Algorand
Data from Chainspect
Commits
IoTeX has 47.95% fewer commits than Algorand
Data from Chainspect
Repos
IoTeX has 23.83% fewer repos than Algorand
Data from Chainspect
Stars
IoTeX has 48.48% fewer stars than Algorand
Data from Chainspect
Watchers
IoTeX has 10.16% fewer watchers than Algorand
Data from Chainspect
IoTeX vs Algorand Financials New
Chain Revenue
IoTeX chain revenue is 2.52X higher than Algorand chain revenue
Data from Chainspect
Average Transaction Fee
IoTeX average transaction fee is 1.38X higher than Algorand average transaction fee
Data from Chainspect
Market Cap
IoTeX market cap is 93.38% lower than Algorand market cap
Data from Chainspect
FDV
IoTeX FDV is 93.8% lower than Algorand FDV
Data from Chainspect
Market Cap / FDV
IoTeX Market Cap to FDV ratio is 1.07X higher than Algorand Market Cap to FDV ratio
Data from Chainspect
Price
IoTeX price is 93.8% lower than Algorand price
Data from Chainspect
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.