Post
Topic
Board Altcoin Discussion
Re: Is ETH better than BTC for payment?
by
kindbtc
on 18/06/2020, 14:44:42 UTC
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.
Obviously Eth is much better for payments as compared to btc. Even yesterday i saw people complaining slow and costly Eth transactions but i tried a transaction it went through in under a minute with only 18 cents fee which is very reasonable i guess, while for btc i think fee is higher and transaction also takes much longer time to confirm.