How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.
When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth too
Totally agree. Moreover, it IS happenning on Ethereum, too, just look at what happened with the congestions caused by the apps (e.g. Crypto Kittie App). The congestion then causes transaction fees to increase to astronomical levels and here we are: bitcoin or ethereum, it doesn't matter.
there is a big difference though!
the backlog in bitcoin was 90% spam attack against the network and most of that attack was from different campaigns wanting to force their scaling solution on bitcoin for their own purpose.
the backlog in ethereum was simply usage of it from ICOs and lots of other pointless transactions that are naturally occurring on it.
the difference is that bitcoin can handle its current adoption needs and handles the users' transactions well. but ETH can not even handle a small surge of transactions.
Yes it's totally right there is a big difference and bitcoins transaction fees are not the same in ethereum. Bitcoin fee are more high than ethereum fees.