Post
Topic
Board Altcoin Discussion
Re: Why ETH transaction is cheap and fast
by
Olatunjex
on 29/05/2018, 21:50:42 UTC
Hello,
I want to know why Ethereum transaction is much cheaper and faster than bitcoin ?
Let me ask, did you send or have transaction when ethereum was $1400 last year, if you did you will notice around that time the gas price and gas limit of ethereum transaction must be increase before you could send out transaction.
I remembered when bitcoin was 700$ before the bullrun the transaction fee was minimal but when bitcoin value shoot up the fee also increased
But as far as why it is faster than bitcoin i think ethereum smart contract was an improvement to bitcoin.