Cardano is a blockchain platform that, in some ways, aims to improve on the design of the original blockchain. Cardano is an open source project that features a smart contract system as well as a new proof-of-stake algorithm. What makes Cardano unique from other blockchain platforms is their philosophy of engineering decisions toward a "philosophy of simplicity". The goal of this philosophy is to eventually reduce the total number of ways to interact with the chain to three: (1) stake, (2) spend and (3) vote.

Cardano

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.

	Cardano	Monero
Created by	Charles Hoskinson	Riccardo Spagni
Native token	ADA	XMR
Consensus algorithm	PoS	PoW
Hashing algorithm	EdDSA	randomx
Supports EVM	No	No
TPS	250	1700
Block time (secs)	20	120
Layer	1	1
Supports smart contracts	Yes	No
Average transaction fee	$0.18	$0.001
Staking rewards (APR)	5%	%

Cardano vs. Monero

Overview

Table of Contents

Comparison

Is Cardano faster than Monero?

Is Cardano cheaper than Monero?