The XRP blockchain is a public, open-source ledger of all XRP transactions. The blockchain is distributed network of computers that are constantly and automatically updated by the actions of users. Each node (a computer connected to the blockchain network) keeps a copy of the blockchain that it receives when it joins the network.

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.

	XRP	Monero
Created by	Jed McCaleb, Arthur Britto and David Schwartz	Riccardo Spagni
Native token	XRP	XMR
Consensus algorithm	RPCA	PoW
Hashing algorithm	RPCA	randomx
Supports EVM	No	No
TPS	1500	1700
Block time (secs)	10	120
Layer	1	1
Supports smart contracts	No	No
Average transaction fee	$0.0002	$0.001
Staking rewards (APR)	3.03%	%

XRP vs. Monero

Overview

Table of Contents

Comparison

Is XRP faster than Monero?

Is XRP cheaper than Monero?