Hello All,
According to Monetha white paper, the speed of Ethereum based transaction is 10 000 times faster than conventional VISA, and the cost is five times cheaper.
Can anyone tell me hard statistics or example of the cost and speed of Ethereum based transaction?
Thanks in advance
It also depends on the price of Ethereum and the price of Bitcoin. The price of Ethereum usually moves faster than normal when most Altcoins are being affected by something. When Bitcoin gets a huge dump like how it is right now, the price of Ethereum might not be that influencing to purchase at a buyers point of view.
Their view is that they will see the price that they would have to pay in order to get Bitcoin then see how much the transaction will cost and then find that Ethereum has a transaction fee as well. It’s complicating to use.