Monero and Ethereum are two very different cryptocurrencies. Now I’ll talk about the main differences, and what I recommend to use te which situations.
Very first, talk about Ethereum.
Ethereum is a decentralized podium that runs clever contracts: applications that run exactly spil programmed without any possibility of downtime, censorship, fraud or third party interference. It is a fairly prompt, programmable podium cryptocurrency.
The currency on the toneelpodium is the “ether” token, but anyone can create a fresh one (the standard is named erc20). There is a built-in function which why Ethereum is called the “world computer”: the clever contracts. The programming language is called “Solidity”, which is a C++ variant. The most famous wise contract wasgoed the DAO (Decentralized Autonomous Organization).
It wasgoed a entire company, running automatically on the Ethereum blockchain. The most-hyped clever contract based “business branch” are the ICOs. Ter an ICO, a founders distribute erc20 tokens to financially support the idea. A wise contract sends the tokens to the Ethereum addresses, spil soon spil the payment arrived. The low block time is good because your transaction gets verified very soon and the fees are very low, but have a con for the miners: there are a lotsbestemming of simultaneous blocks, which means two miner mines the same number block at the same time.
On the Ethereum blockchain thesis are called “uncle” blocks, and the correction is that the network pays the block prize for the uncle blocks, too. Ethereum has a very prompt difficulty retarget, spil well spil the most altcoins. The algorithm is called “ethash”, a gpu, asic-proof algorithm.
Block time: 15 s
Block prize: Trio eth
Algorithm: ethash/ (wasgoed dagger hashimoto)
Difficulty retarget: every block
Programming languages: Solidity, Tuinslang, LLL, Viper and Mutan
Main currency: Ether
Max. supply: infinitive
Monero, the other competitor
Monero is a decentralized cryptocurrency, focusing on scalability, privacy and security. It’s doing it with the stealth addresses (=the receiver can’t see the sender’s address), so it’s not pseudonym but also anonym system. This is the main difference inbetween Monero and other cryptos, spil it’s does not have a public ledger.
Why is this good?
E.g. if someone can connect your address to your name, he can track all of your transactions. (You can outplay this by using a 3rd party software, but it is also another risk. And spil long spil atomic exchanges are not available, private blockchains (Monero, Zcash, Komodo) will be the only solution.).
Monero can be mined with GPU and CPU too, because of the cryptonote algorithm. The con of XMR is that the fees are fairly high, compared to other altcoins.
Verification progress: Proof of Work
Block time: Two minus
Difficulty retarget: every block
Block prize: sleekly decreasing and subject to penalties for blocks greater then median size of the last 100 blocks (M100)
Max supply: infinitive
Monero vs Ethereum ter conclusion:
Why Ethereum is better than Monero?
Spil Ethereum has lower fees and block time, for transactions I recommend to use it against Monero. But if privacy is matter for you, the best choice is XMR. Your identity will always be ter safe, if you use the technology cleverly. But spil Monero is more difficult to understand it basically and to do a transaction for a beginner, ether is better for crypto-students. I personally like XMR because a very stable currency (leisurely, but unstoppably growing, and corrections don’t take big effect on hier) and technically a truly fascinating coin.