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.
How can you tell the 90% were spam? Maybe some of them were spam, but majority, 99% of them, were people trying desperately to move their bitcoin into or out of the exchange in time of price surge to 20k. And they were unable to do so! So I can see no difference, really.
And you will know I am right the next time the high price increase hits bitcoin network again and it gets congested for another month.