Solana is a blockchain technology that is being developed by scientists and technologists at the National Renewable Energy Laboratory. The Solana blockchain is designed to facilitate transactions of high volumes of data in a fast and secure way. This could have implications in many industries, including finance, information technology, health care and the internet of things (IOT).

Solana

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.

	Solana	Monero
Created by	Anatoly Yakovenko	Riccardo Spagni
Native token	SOL	XMR
Consensus algorithm	PoH	PoW
Hashing algorithm	SHA-256	randomx
Supports EVM	No	No
TPS	65000	1700
Block time (secs)	0.4	120
Layer	1	1
Supports smart contracts	Yes	No
Average transaction fee	$0.00025	$0.001
Staking rewards (APR)	7%	%

Solana vs. Monero

Overview

Table of Contents

Comparison

Is Solana faster than Monero?

Is Solana cheaper than Monero?