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Title: Why Ethereum fees are so low compared to Bitcoin? Post by: blankcurb on December 23, 2017, 01:41:55 AM On the same day Bitcoin had 335,000 transactions and the average transaction fee was $ 55.
Ethereum had over 1 million and 100,000 transactions, and the average transaction fee was $ 1 !!!!! sources: https://etherscan.io/chart/tx https://charts.bitcoin.com/chart/daily-transactions https://bitinfocharts.com/comparison/ethereum-transactionfees.html https://bitinfocharts.com/comparison/bitcoin-transactionfees.html Title: Re: Why Ethereum fees are so low compared to Bitcoin? Post by: 2Pac on December 23, 2017, 02:35:49 AM Ethereum built that way, confirmation time is faster because it has more blocks to be found.
Bitcoin is designed to have 1 block every 10 minutes. Title: Re: Why Ethereum fees are so low compared to Bitcoin? Post by: pikatju on December 23, 2017, 02:38:17 AM Ethereum is a different blockchain with different protocol.
If you want to compare anything to bitcoin, you should compare to litecoin or vertcoin. Both have much lower fees and faster transactions than bitcoin. Title: Re: Why Ethereum fees are so low compared to Bitcoin? Post by: gerardopp1969 on December 23, 2017, 02:58:25 AM Bitcoin is first digital currency and many altcoins are next so they focus in simplicity like ethereum because they want more conveniece in transaction like fast and low current usage another thing i think many coins want to surpass bitcoin and in the future here in crypto a lot of users enjoys they digital currency like ethereum now,also because of that they can earn more than bitcoin like transaction are many than btc,we can say this is good strategy of developer in other digital currency and it might happen in the future.
Think if we use ethereum with low fees why you use bitcoin with high fee? |