Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Adjustable Blocksize Cap: Why not?
by
pooya87
on 14/01/2021, 06:21:39 UTC
⭐ Merited by aliashraf (1)
You've gone full 101% cultist mode.
I was pointing a fact, I was never telling you that long-term larger blocks are the solution, but you went into a full defensive mode going to extremes.
I don't know why it comes out that way to you, all I mean is that if you want to compare two cryptocurrencies you must compare them under the same circumstances not take the capped usage of bitcoin and compare it with the theoretical possibility in another coin.

Quote
Bitcoin is currently doing  314,531 tx in the last 24 with an average $17.09 USD fee, Ethereum which is also quite slow compared to others is doing 1,121,409 a day with $5.8 USD in fees.
Ethereum block size is about 1.6-1.8 MB per 10 minute which is pretty close to what bitcoin has per 10 minute. Meanwhile bitcoin transaction sizes are usually 200-250 bytes for 1 input 2 outputs but ethereum transaction sizes are around 110 bytes. both have bigger txs so lets use the averages:

ETHBTC
Average # of tx/hour:47,44714,160
Average # blocks/hour2767
Average # tx/block1722,022
Average block size in kBytes411430
Average tx size in kBytes0.230.707
Ratio3.07
tx/24hour1,138,717339,844
Ratio3.35

Now its a much better perspective rather than just comparing counts. With 3x smaller transactions, ETH is doing about 3x more tx/day compared to bitcoin.