Difference between revisions of "L1 comparison"

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(Created page with "To get a view of the top performers in the blockchain industry, it's useful to compare across common metrics. Here we build a table that does such a comparison. All data corre...")
 
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| On-Chain Storage || $5 (3.95T cycles x 1XDR) || $17,035 - $113,507 (53,236 – 354708ADA) || $206,875 (15,62 5AVAX) || n || 15,494,409 (12,643.75 ETH) || n || 48,625 (3,477.69 SOL)
 
| On-Chain Storage || $5 (3.95T cycles x 1XDR) || $17,035 - $113,507 (53,236 – 354708ADA) || $206,875 (15,62 5AVAX) || n || 15,494,409 (12,643.75 ETH) || n || 48,625 (3,477.69 SOL)
 
|-
 
|-
| Nodes / Validators || y || y || y || y || n || y || y
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| Nodes / Validators || y || y || y || 1530 || n || 798 || y
 
|-
 
|-
 
| Nakamoto coefficient || n || y || n || n || n || n || n
 
| Nakamoto coefficient || n || y || n || n || n || n || n
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== Metrics ==
 
== Metrics ==
* '''TPS'''
+
* '''TPS''' measures the transactions processed per second
* '''Finality'''
+
* '''Finality''' measures the time taken for a block to be finalised
* '''Tx Cost'''
+
* '''Tx Cost''' measures the cost of a transaction
* '''Energy Consumption'''
+
* '''Energy Consumption''' measures the energy consumption
* '''On-Chain Storage'''
+
* '''On-Chain Storage''' measures the cost of storing data on-chain
* '''Nodes/Validators'''
+
* '''Nodes/Validators''' measures the number of nodes
* '''Nakamoto Coefficient'''
+
* '''Nakamoto Coefficient''' is the count of malicious nodes needed to collude to prevent a blockchain from functioning properly
* '''Market Cap'''
+
* '''Market Cap''' is the price of the coin times the number of coins
* '''Price'''
+
* '''Price''' denotes the dollar price of the coin
* '''Circulating Supply'''
+
* '''Circulating Supply''' is the count of coins in circulation
* '''Volume'''
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* '''Volume''' is the amount transferred in a given period
* '''Users'''
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* '''Users''' counts the users on the network
* '''Repos, DAOs, Dapps, Tokens'''
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* '''Repos, DAOs, Dapps, Tokens''' showcases the leading applications supported by the network
* '''Safety Threshold'''
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* '''Safety Threshold''' is the assumption underlying the safety property of a blockchain
* '''Burnt Fees'''
+
* '''Burnt Fees''' counts the amount of tokens burnt by fees
  
 
== References ==  
 
== References ==  

Revision as of 13:52, 5 December 2022

To get a view of the top performers in the blockchain industry, it's useful to compare across common metrics. Here we build a table that does such a comparison. All data correct as of December 2022.

Metrics explanations and references are given below.

L1 Comparisons
Metrics / L1 ICP ADA AVAX ALGO ETH NEAR SOL
TPS 5000 2.37 49.52 15.5 11.1 6 3000+ (381 excluding votes)
Finality 1-2secs y 2.3secs 3.5secs 15mins 2.4secs 5-12.8secs
Tx Cost 0.0004 0.33 y 0.0003 0.57 0.0002 0.00025
Energy Consumption 0.008 51.59 4.76 2.7 n n 0.166
On-Chain Storage $5 (3.95T cycles x 1XDR) $17,035 - $113,507 (53,236 – 354708ADA) $206,875 (15,62 5AVAX) n 15,494,409 (12,643.75 ETH) n 48,625 (3,477.69 SOL)
Nodes / Validators y y y 1530 n 798 y
Nakamoto coefficient n y n n n n n
Market Cap n y y n y n n
Price n y y n y n y
Circulating supply y n n n n n y
Volume y n n n n n y
Users y y n y n y n
repos, DAOs, dapps, tokens y y n y n y n
Safety threshold n y n n n n n
Burnt fees y n y n n n n

Metrics

  • TPS measures the transactions processed per second
  • Finality measures the time taken for a block to be finalised
  • Tx Cost measures the cost of a transaction
  • Energy Consumption measures the energy consumption
  • On-Chain Storage measures the cost of storing data on-chain
  • Nodes/Validators measures the number of nodes
  • Nakamoto Coefficient is the count of malicious nodes needed to collude to prevent a blockchain from functioning properly
  • Market Cap is the price of the coin times the number of coins
  • Price denotes the dollar price of the coin
  • Circulating Supply is the count of coins in circulation
  • Volume is the amount transferred in a given period
  • Users counts the users on the network
  • Repos, DAOs, Dapps, Tokens showcases the leading applications supported by the network
  • Safety Threshold is the assumption underlying the safety property of a blockchain
  • Burnt Fees counts the amount of tokens burnt by fees

References