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.

Monero

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.

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

Monero vs. Avalanche

Overview

Table of Contents

Comparison

Is Monero faster than Avalanche?

Is Monero cheaper than Avalanche?