Monero vs Bitcoin
Monero and Bitcoin 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
| Monero | Bitcoin | |
|---|---|---|
| Created by | Riccardo Spagni | Satoshi Nakamoto |
| Native token | XMR | BTC |
| Consensus algorithm | PoW | PoW |
| Hashing algorithm | randomx | SHA-256 |
| Supports EVM | No | No |
| TPS | 1700 | 5 |
| Block time (secs) | 120 | 600 |
| Layer | 1 | 1 |
| Supports smart contracts | No | No |
| Average transaction fee | $0.001 | $5.0973 |
| Staking rewards (APR) | 0% | 0% |
High-level Comparisons
Is Monero faster than Bitcoin?
Yes, Monero can process 1700 transactions per second. Bitcoin only processes up to 5.
Is Monero cheaper than Bitcoin?
Yes, Monero has an average transaction fee of $0.001, whereas Bitcoin costs $5.0973.