Bitcoin vs Monero
Bitcoin and Monero are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| Bitcoin | Monero | |
|---|---|---|
| Created by | Satoshi Nakamoto | Riccardo Spagni |
| Native token | BTC | XMR |
| Consensus algorithm | PoW | PoW |
| Hashing algorithm | SHA-256 | randomx |
| Supports EVM | No | No |
| TPS | 5 | 1700 |
| Block time (secs) | 600 | 120 |
| Layer | 1 | 1 |
| Supports smart contracts | No | No |
| Average transaction fee | $5.0973 | $0.001 |
| Staking rewards (APR) | 0% | % |
High-level Comparisons
Is Bitcoin faster than Monero?
No, Bitcoin only processes 5 transactions per second. Monero processes up to 1700.
Is Bitcoin cheaper than Monero?
No, Bitcoin has an average transaction fee of $5.0973, whereas Monero costs $0.001.