Post
Topic
Board Altcoin Discussion
Re: Is ETH better than BTC for payment?
by
hd49728
on 09/06/2020, 11:27:51 UTC
BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)
Most of platforms require about 12 confirmations on ETH network to credit users' balance so it takes much lesser than 10 - 30 minutes with BTC transactions (platforms tend to require from 1 to 3 confirmations with BTC).
Quote
Is not both same in term of handling tx? Sometimes BTC is even better with segwit.
Just sharing some random thoughts, I am not expert technically. So, I may be wrong in many ways.
It does not only relate to the size of transactions, but it relates to the confirmations. The more confirmations one transactions have on networks, the less risks for transactions and people who have trade deals with those transactions.