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

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.

	Monero	Ethereum
Created by	Riccardo Spagni	Vitalik Buterin
Native token	XMR	ETH
Consensus algorithm	PoW	PoS
Hashing algorithm	randomx	KECCAK-256
Supports EVM	No	Yes
TPS	1700	27
Block time (secs)	120	12
Layer	1	1
Supports smart contracts	No	Yes
Average transaction fee	$0.001	$17.48
Staking rewards (APR)	0%	3.31%

Monero vs. Ethereum

Overview

Table of Contents

Comparison

Is Monero faster than Ethereum?

Is Monero cheaper than Ethereum?