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

The Ethereum Classic Blockchain is the original Ethereum blockchain and one of the largest and most established blockchain networks in existence. The Ethereum Classic (ETC) cryptocurrency token is a tradable, digital asset that is part of a system that can be used to trade goods, assets, or services.

	Monero	Ethereum Classic
Created by	Riccardo Spagni	Vitalik Buterin
Native token	XMR	ETC
Consensus algorithm	PoW	PoW
Hashing algorithm	randomx	KECCAK-256
Supports EVM	No	Yes
TPS	1700	15
Block time (secs)	120	13
Layer	1	1
Supports smart contracts	No	Yes
Average transaction fee	$0.001	$0.0001
Staking rewards (APR)	0%	%

Monero vs. Ethereum Classic

Overview

Table of Contents

Comparison

Is Monero faster than Ethereum Classic?

Is Monero cheaper than Ethereum Classic?