Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. It acts as a kind of Bitcoin for the Internet—a distributed, worldwide system for applications (DApps) that run exactly as programmed without any chance of fraud, censorship or third-party interference.

Ethereum

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.

	Ethereum	Monero
Created by	Vitalik Buterin	Riccardo Spagni
Native token	ETH	XMR
Consensus algorithm	PoS	PoW
Hashing algorithm	KECCAK-256	randomx
Supports EVM	Yes	No
TPS	27	1700
Block time (secs)	12	120
Layer	1	1
Supports smart contracts	Yes	No
Average transaction fee	$17.48	$0.001
Staking rewards (APR)	3.31%	%

Ethereum vs. Monero

Overview

Table of Contents

Comparison

Is Ethereum faster than Monero?

Is Ethereum cheaper than Monero?