Avalanche blockchain is a decentralized platform for public and private ledgers that combines performance and security. Avalanche is a platform that allows for multiple different blockchain systems to be layered on top of each other in order to create an infinitely scalable, cryptographically secure, tamper-proof ledger that can be used for any number of industries. The Avalanche network will be resistant to attacks from quantum computers, which are predicted to be capable of breaking the asymmetric encryption used today.

Avalanche

The Monero blockchain is a distributed ledger that records all transactions in a permanent way. It's built on top of the Cryptonote protocol, which is a cryptocurrency protocol that isn't immutable. The Monero blockchain can be accessed with the command line tool monero-wallet-cli. Monero uses the proof-of-work (PoW) mining algorithm to hash transactions into blocks, which are then added to the Monero blockchain. PoW uses computer resources (also known as hashrate) to solve mathematical problems, which makes it costly to attack a network.

	Avalanche	Monero
Created by	Emin Gün Sirer, Kevin Sekniqi, and Ted Yin	Riccardo Spagni
Native token	AVAX	XMR
Consensus algorithm	PoS	PoW
Hashing algorithm	KECCAK-256	randomx
Supports EVM	Yes	No
TPS	4500	1700
Block time (secs)	2	120
Layer	0	1
Supports smart contracts	Yes	No
Average transaction fee	$0.12	$0.001
Staking rewards (APR)	8.96%	%

Avalanche vs. Monero

Overview

Table of Contents

Comparison

Is Avalanche faster than Monero?

Is Avalanche cheaper than Monero?