Post
Topic
Board Altcoin Discussion
Re: Is ETH better than BTC for payment?
by
giammangiato
on 04/07/2020, 20:31:07 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.

Yes ETH is faster than BTC, and this is one point for it, but if the only parameter of evaluation is the velocity there are more fasters coins like LTC and NANO, nano is instant. I usually pay with nano my coffe in my office. We bought a coffe machine and for each coffe we pay 0.50$ in Nano !