Monero vs Aptos
Monero and Aptos 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
Metrics
Monero | Aptos | |
---|---|---|
Created by | Riccardo Spagni | Avery Ching |
Native token | XMR | APT |
Consensus algorithm | PoW | PoS |
Hashing algorithm | randomx | KECCAK-256 |
Supports EVM | No | Yes |
TPS | 1700 | 160000 |
Block time (secs) | 120 | 4 |
Layer | 1 | 1 |
Supports smart contracts | No | Yes |
Average transaction fee | $0.001 | $0.0000012 |
Staking rewards (APR) | 0% | 7% |
Detailed Comparison
Core Technology & Architecture
Monero and Aptos represent two distinctly different approaches to blockchain technology. Monero, built on the Cryptonote protocol, focuses primarily on privacy and security in transactions. Aptos, being a newer blockchain, emphasizes high performance and scalability.
Key Architectural Differences:
- Monero uses proof-of-work (PoW) consensus
- Aptos implements proof-of-stake (PoS)
- Monero operates without smart contracts
- Aptos features full smart contract capability
- Monero uses RandomX hashing
- Aptos employs KECCAK-256 hashing
The architectural choices reflect each blockchain's primary objectives. Monero's design prioritizes privacy and security, while Aptos focuses on throughput and programmability.
Performance Metrics
The performance characteristics between these chains show significant variations:
Transaction Speed (TPS)
- Monero: 1,700 TPS
- Aptos: 160,000 TPS
This massive difference in transaction throughput demonstrates Aptos's focus on scalability. While Monero's TPS is sufficient for its use case as a privacy-focused currency, Aptos's significantly higher throughput makes it more suitable for complex applications and high-frequency trading scenarios.
Block Time
- Monero: 120 seconds
- Aptos: 4 seconds
The shorter block time in Aptos leads to faster transaction finality, making it more appropriate for applications requiring quick confirmations. Monero's longer block time contributes to its security model but means users must wait longer for transaction confirmations.
Transaction Costs
Average Transaction Fees:
- Monero: 0.001 XMR
- Aptos: 0.0000012 APT
Aptos demonstrates significantly lower transaction fees, making it more accessible for frequent transactions and micro-payments. Monero's higher fees reflect the computational complexity of its privacy features and PoW consensus mechanism.
Smart Contract Capabilities
The chains differ fundamentally in their approach to programmability:
Smart Contract Support:
- Monero: No smart contract support
- Aptos: Full smart contract capabilities with EVM compatibility
This distinction makes Aptos more versatile for developers and businesses wanting to build decentralized applications. Monero's lack of smart contracts aligns with its focused mission of being a private, secure currency rather than a general-purpose blockchain platform.
Consensus and Security
The consensus mechanisms chosen by each chain reflect their priorities:
Monero (PoW):
- Higher energy consumption
- Stronger security against certain attack vectors
- More decentralized mining participation
- No staking rewards
Aptos (PoS):
- Energy efficient
- 7% staking rewards
- Lower barrier to participation
- Faster finality
Economic Model
Both chains have interesting approaches to their token economics:
Supply Characteristics:
- Both chains have no maximum supply cap
- Monero features a tail emission to ensure continued mining incentives
- Aptos offers staking rewards at 7% to incentivize network security
Development Activity
The development approaches differ significantly:
Monero:
- Open-source development
- Strong focus on privacy features
- Regular protocol upgrades
- Community-driven development model
Aptos:
- More centralized development team
- Focus on performance optimizations
- Regular feature additions
- Strong corporate backing
Use Cases and Target Market
The blockchains serve different market needs:
Monero:
- Primary: Privacy-focused transactions
- Secondary: Store of value
- Users: Privacy-conscious individuals and organizations
Aptos:
- Primary: High-performance dApps
- Secondary: DeFi applications
- Users: Developers, businesses, and general users seeking scalability
Network Maturity
The networks are at different stages of maturity:
Monero:
- Well-established history
- Proven track record
- Large, active community
- Extensive real-world usage
Aptos:
- Newer to the market
- Growing ecosystem
- Modern architecture
- Emerging community
Technical Infrastructure
The technical foundations show distinct priorities:
Monero:
- RandomX hashing algorithm optimized for CPU mining
- Focus on ASIC resistance
- Privacy-centric transaction model
Aptos:
- KECCAK-256 hashing
- EVM compatibility
- High-performance architecture
- Modern technical stack
This comprehensive comparison highlights how these two blockchains serve different purposes in the cryptocurrency ecosystem. Monero excels in privacy and security, while Aptos focuses on performance and programmability. The choice between them would largely depend on specific use case requirements and priorities.
FAQs
Is Monero faster than Aptos?
No, Monero only processes 1700 transactions per second. Aptos processes up to 160000.
Is Monero cheaper than Aptos?
No, Monero has an average transaction fee of $0.001, whereas Aptos costs $0.0000012.