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

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.

	Monero	Cardano
Created by	Riccardo Spagni	Charles Hoskinson
Native token	XMR	ADA
Consensus algorithm	PoW	PoS
Hashing algorithm	randomx	EdDSA
Supports EVM	No	No
TPS	1700	250
Block time (secs)	120	20
Layer	1	1
Supports smart contracts	No	Yes
Average transaction fee	$0.001	$0.18
Staking rewards (APR)	0%	5%

Monero vs. Cardano

Overview

Table of Contents

Comparison

Is Monero faster than Cardano?

Is Monero cheaper than Cardano?