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 payments an average person would normally opt for a coin which has lesser transaction fees than the other.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 compared to bitcoin, ether has a lesser transaction fees which is why many say that ETH is better for payments.
I remember days back when bitcoin transaction fees was so that most people use other coins to initiate the transfer and then exchange them back to BTC just to save some bucks on the transaction fees. I have myself done this to save a few bucks. These days though, it doesn't really matter that much
