Ethereum
(2nd Generation)
Hashgraph
(3nd Generation)
Stats
Bitcoin pioneered decentralized infrastructure and Ethereum brought programmability. But earlier proof-of-work blockchains consume massive amounts of energy and process transactions slowly in order to achieve acceptable levels of security. Heavy bandwidth consumption by these technologies leads to expensive fees, even for a simple cryptocurrency transaction. New generations of DLTs, such as Hashgraph, seek to solve these issues and provide a promising future for the technology.
1st Gen. Bitcoin |
2nd Gen. Ethereum |
3rd Gen. Hedera |
|
Transactions Per Second |
3+ tps | 12+ tps | 10,000 tps |
Average fee | $22.57 | $19.55 | $0.0001 |
Transaction confirmation |
10-60 minutes | 10-20 seconds | 3-5 seconds (w/finality) |
energy use per transaction |
885+ KWH | 102+ KWH | 0.00017 KWH |