# Byte Competitors

<table data-header-hidden><thead><tr><th width="156"></th><th width="121"></th><th></th><th width="136"></th><th></th></tr></thead><tbody><tr><td><strong>Feature</strong></td><td><strong>ByteChain</strong></td><td><strong>Solana</strong></td><td><strong>Binance Smart Chain</strong></td><td><strong>Polygon</strong></td></tr><tr><td><em><strong>Transaction Cost</strong></em></td><td>$0.005 (Lowest in class)</td><td>$0.005</td><td>$0.1282</td><td>$0.01</td></tr><tr><td><strong>Transaction Speed</strong></td><td>5,000 - 250,000 TPS (Highest)</td><td>65,000 TPS</td><td>300 TPS</td><td>65,000 TPS</td></tr><tr><td><strong>Blockchain Type</strong></td><td>Layer 1 (Robust and versatile)</td><td>Layer 1</td><td>Layer 1</td><td>Layer 2</td></tr><tr><td><strong>Consensus Mechanism</strong></td><td>PoA &#x26; PoS (Efficient and secure)</td><td>Proof of History</td><td>Proof of Staked Authority</td><td>Proof of Stake</td></tr><tr><td><strong>Market Capitalization</strong></td><td>Pre-Money (High growth potential)</td><td>$44 Billion</td><td>$56 Billion</td><td>$9 Billion</td></tr><tr><td><strong>Key Strengths</strong></td><td>Diverse ecosystem, low fees, highest TPS range</td><td>Robust ecosystem, high TPS but less than ByteChain</td><td>Competitive fees, strong DeFi presence</td><td>Good Ethereum compatibility</td></tr></tbody></table>

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