Compare IoTeX vs Bitcoin

IoTeX vs Bitcoin Scalability

Real-time TPS (1H)

IoTeX TPS is 1.03X higher than Bitcoin TPS

IoTeX logo
4.67 tx/s
Bitcoin logo
4.52 tx/s

Data from Chainspect

Max TPS (100 blocks)

IoTeX max TPS is 63X higher than Bitcoin max TPS

IoTeX logo
829.7 tx/s
Bitcoin logo
13.2 tx/s

Data from Chainspect

Max Theoretical TPS

IoTeX max theoretical TPS is 286X higher than Bitcoin max theoretical TPS

IoTeX logo
2,000 tx/s
Bitcoin logo
7 tx/s

Data from Chainspect

Transaction Volume (1H)

IoTeX transaction volume is 1.03X higher than Bitcoin transaction volume

IoTeX logo
16.8K txns
Bitcoin logo
16.3K txns

Data from Chainspect

Block Time (1H)

IoTeX block time is 99.58% shorter than Bitcoin block time

IoTeX logo
2.5s
Bitcoin logo
9m 58s

Data from Chainspect

Finality

IoTeX finality is 100% shorter than Bitcoin finality

IoTeX logo
0s
Bitcoin logo
1h

Data from Chainspect

Type

IoTeX and Bitcoin are both layer 1 blockchains

IoTeX logo
Layer 1 blockchain
Bitcoin logo
Layer 1 blockchain

Data from Chainspect

New

Total Transactions

IoTeX has 72.33% fewer total transactions than Bitcoin

IoTeX logo
345M txns
Bitcoin logo
1.25B txns

Data from Chainspect

Launch Date

IoTeX was launched 10 years after Bitcoin

IoTeX logo
Apr 22, 2019
Bitcoin logo
Jan 3, 2009

Data from Chainspect

IoTeX vs Bitcoin Decentralization

Nakamoto Coefficient

IoTeX Nakamoto Coefficient is 2.67X higher than Bitcoin Nakamoto Coefficient

IoTeX logo
8
Bitcoin logo
3

Data from Chainspect

Validators/Miners

IoTeX has 33.33% fewer validators than Bitcoin has miners

IoTeX logo
70
Bitcoin logo
105

Data from Chainspect

Stake/Hashrate

IoTeX stake is $99.77M, while Bitcoin hashrate is 1.12K EH/s

IoTeX logo
$99.77M
Bitcoin logo
1.12K EH/s

Data from Chainspect

Consensus Mechanism

IoTeX is PoS, while Bitcoin is PoW

IoTeX logo
Proof of Stake (PoS)
Bitcoin logo
Proof of Work (PoW)

Data from Chainspect

Governance

IoTeX on-chain governance is better than Bitcoin off-chain governance

IoTeX logo
On-chain
Bitcoin logo
Off-chain

Data from Chainspect

IoTeX vs Bitcoin Developer Activity New

Developers

IoTeX has 80.35% fewer developers than Bitcoin

IoTeX logo
370
Bitcoin logo
1,883

Data from Chainspect

Repos

IoTeX has 5.95X more repos than Bitcoin

IoTeX logo
131
Bitcoin logo
22

Data from Chainspect

Commits

IoTeX has 82.3% fewer commits than Bitcoin

IoTeX logo
20,212
Bitcoin logo
114,203

Data from Chainspect

Stars

IoTeX has 97.46% fewer stars than Bitcoin

IoTeX logo
2,607
Bitcoin logo
102,748

Data from Chainspect

Watchers

IoTeX has 84.96% fewer watchers than Bitcoin

IoTeX logo
838
Bitcoin logo
5,574

Data from Chainspect

IoTeX vs Bitcoin Real-Time TPS Chart

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Other 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 Bitcoin

Bitcoin stands as a leading cryptocurrency and payment network, utilizing peer-to-peer technology to operate without central authorities. It embraces global participation as an open-source platform. A notable advancement in Bitcoin is the introduction of ordinals and inscriptions. Launched in January 2023, the Bitcoin ordinals protocol enables the embedding of digital content like art, text, or video directly onto the Bitcoin blockchain. This innovation allows for the creation of exclusive digital collectibles, giving each satoshi a unique identity and purpose, broadening Bitcoin's utility beyond its role as a store of value.

Blockchains Socials

IoTeX Socials

Bitcoin Socials