If you’ve built on Ethereum, you’re probably familiar with high gas fees, slow transaction speeds during congestion, and the complexities of scaling. Algorand was designed to solve these issues while still offering a familiar smart contract experience. Algorand was designed to solve these issues while still offering a familiar smart contract experience.
Projects are migrating from Ethereum to Algorand to benefit from:
- Fast Transactions: Blocks finalize in 2.8 seconds with no risk of chain forks.
- Low Fees: Typical transaction fees are ~0.001 Algo, ideal for apps requiring high frequency or micro-payments.
- High Throughput: Up to 10,000+ TPS.
- Powerful Dev Tools: AlgoKit simplifies project setup, local testing, and deployment.
- Smooth Transition: TEALScript uses TypeScript syntax, making it easier for Solidity and JavaScript developers to onboard.
Reason to Migrate
- Ethereum is widely used but suffers from high fees, slow transaction speeds, and scalability challenges.
- Algorand offers fast, low-cost transactions with instant finality and high throughput (TPS).
Transaction Fees
- Ethereum has high and often unpredictable gas fees.
- Algorand provides very low fees with predictable and stable costs.
Performance
- Ethereum handles limited TPS and faces potential network congestion.
- Algorand delivers high TPS with fast block finality.
Smart Contract Language
- Ethereum uses Solidity primarily.
- Algorand uses TEAL, which is accessible via PyTeal (Python) or TEALScript (TypeScript).
Account Model
- Ethereum uses standard accounts with no opt-in required.
- Algorand introduces a unique ASA opt-in model; accounts must opt-in to assets.
Developer Tooling
- Ethereum developers use tools like Hardhat, Truffle, and ethers.js.
- Algorand developers use AlgoKit, AlgoSDK, and TEALScript, a different but powerful ecosystem.
Migration Strategy