Phala Network vs Bitcoin
Phala Network vs Bitcoin Scalability
Real-time TPS
Phala Network has no data, while Bitcoin TPS is 7.91 tx/s
Max TPS (100 blocks)
Phala Network has no data, while Bitcoin max TPS is 13.2 tx/s
Max Theoretical TPS
Phala Network has no data, while Bitcoin max theoretical TPS is 7 tx/s
Transaction Volume
Phala Network has no data, while Bitcoin transaction volume is 28,470 txns
Block Time
Phala Network has no data, while Bitcoin block time is 7m 9s
Finality
Phala Network has no data, while Bitcoin finality is 1h
Type
Phala Network has no data, while Bitcoin is a layer 1 blockchain
Launch Date
Phala Network has no data, while Bitcoin was launched on Jan 3, 2009
Phala Network vs Bitcoin Decentralization New
Nakamoto Coefficient
Phala Network has no data, while Bitcoin Nakamoto Coefficient is 3
Validators/Miners
Phala Network has no data, while Bitcoin has 95 miners
Stake/Hashrate
Phala Network has no data, while Bitcoin hashrate is 898 EH/s
Consensus Mechanism
Phala Network has no data, while Bitcoin is PoW
Governance
Phala Network has no data, while Bitcoin governance is off-chain
Other Comparisons
Phala Network Comparisons
About Blockchains
About Phala Network
Phala Network tackles the issue of trust in the computation cloud.
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.