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Today I tried to do a simple comparison between Bitcoin and @base blockchains.
One is a L1 chain while the other is an L2.
In terms of scalability, base flips bitcoin on all aspects with.
-96X higher TPS
-15X higher Transaction Volume
- 99.69% shorter Block Time
-77.97 shorter finality
However Bitcoin flips base when it comes to decentralization which is measured by use of the Nakamoto coefficient.
For base, it's lower by 66.66% compared to Bitcoin.
I also took a look at the All time transactions and base actually flips Bitcoin again.
- Base has 5.11B txns
- Bitcoin has 1.29B txns
This is really impressive for a Layer 2 chain that was launched in 2023.
Much appreciation to @jessepollak for this timeless build.
Stay based!
Data source: @chainspect_app