Post
Topic
Board Altcoin Discussion
Re: Is ETH better than BTC for payment?
by
sayulita
on 18/06/2020, 15:14:44 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.
Ethereum transactions are cheaper and always faster than bitcoin transactions and I always suggest you to move funds in form of ethereum and not bitcoins as it will save a lot of your time and many a times money also.
But there are may people who prefer bitcoin because they don't want to go through the hassle of converting their bitcoins into ethereum and then back to bitcoins for saving a few dollars on the transaction. Many a times if the amount being transferred is big then the sender may pay more for converting than sending their coins straight in the form of bitcoins.