Litentry vs Bitcoin

Litentry vs Bitcoin Scalability

Real-time TPS

Chainspect

Litentry has no data, while Bitcoin TPS is 3.91 tx/s

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3.91 tx/s

Max TPS (100 blocks)

Chainspect

Litentry has no data, while Bitcoin max TPS is 13.2 tx/s

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13.2 tx/s

Max Theoretical TPS

Chainspect

Litentry has no data, while Bitcoin max theoretical TPS is 7 tx/s

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7 tx/s

Transaction Volume

Chainspect

Litentry has no data, while Bitcoin transaction volume is 14,080 txns

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14,080 txns

Block Time

Chainspect

Litentry has no data, while Bitcoin block time is 7m 18s

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7m 18s

Finality

Chainspect

Litentry has no data, while Bitcoin finality is 1h

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1h

Type

Chainspect

Litentry has no data, while Bitcoin is a layer 1 blockchain

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Layer 1 blockchain

Launch Date

Chainspect

Litentry has no data, while Bitcoin was launched on Jan 3, 2009

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Jan 3, 2009

Litentry vs Bitcoin Decentralization New

Nakamoto Coefficient

Chainspect

Litentry has no data, while Bitcoin nakamoto coefficient is 4

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4

Validators/Miners

Chainspect

Litentry has no data, while Bitcoin has 92 miners

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92

Stake/Hashrate

Chainspect

Litentry has no data, while Bitcoin hashrate is 1.01K EH/s

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1.01K EH/s

Consensus Mechanism

Chainspect

Litentry has no data, while Bitcoin is PoW

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Proof of Work (PoW)

Governance

Chainspect

Litentry has no data, while Bitcoin governance is off-chain

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Off-chain

Other Comparisons

About Blockchains

About Litentry

Litentry is a Decentralized Identity Aggregation protocol across multiple networks. It features a DID indexing mechanism and a Substrate-based credit computation network. The protocol provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms.

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

Litentry Socials

Bitcoin Socials