Very often we see people sugget to use ETH or any alternative coin for cheap and faster tx. I am going to share some information which will proof that it is no better. I may be wrong too, I am not an expert here. Just sharing what I have got.
BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)
So, ETH will get around 43 blocks = 1 BTC block
BTC block size- 1 MB (Let's say we use Legacy only)
ETH Block size- 20 to 30 kb (Let's say 25kb on average)
How much byte can both proceed within 10 minutes?
Both BTC and ETH will be able to proceed 1 MB tx data on average.
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.
When it comes to speed and transaction fee, I would opt for Stellar Lumens (XLM). They’re pretty much stable, quicker and cheaper. Price is way too undervalued as well.
Between BTC and ETH, I can say ETH. They will be introducing the 2.0 version of it and transactions may be much more quicker and cheaper right now. The only downside of ETH is network congestion where there is a high volume of transactions that forces you to pay a higher gas fee to proceed with the transaction.
BTC right now averages between 30 minutes to almost an hour, which also depends on the network as well. When I tried withdrawing from a crypto ATM in Singapore, took me almost an hour of waiting before reaching the number of required confirmations to convert into fiat.