Why ETH transaction is cheap and fast

[Blackpanther399]

Ethereum transactions are cheap and fast only if you compare them to Bitcoin. But if you look at other cryptocurrencies, you can find many with cheaper and faster transactions, like xrp as well.

[Electrohell]

Which makes Ethereum faster and easier to make transactions possible because these bitcoint and ethereum each have advantages or disadvantages, ethereum coint is lighter than bitcoint so it might be easier to make transactions

[Byzantium101]

Is cheaper because the cost of mining bitcoin is far too high. It is much better to use cheap networks to transfer value and bitcoin only for long term storage.

[loveblack]

although bitcoin trades slowly , it is more secure . from 2008 to new , bitcoin has almost no security issues . everyone knows that ETH was once invaded , and later their group created ether .

[CuriousGeorge]

ETH transaction are faster to confirm but are less safe, ethereum can handle more transactions but it's means the blockchain is growing faster and also it's cheap and fast because it's runs many coins besides ether

Can you tell me what do you mean about less safe? it never has any problem and everyone still fine to use it. The only problem when you are getting stuck in the network but it can be solved easily through re-broadcast your transaction again and i think that there is a lot of problem when using it and i can say it's safe

[emmaeducatorxx]

There can be many reasons for this. I believe this is on the grounds that there's a noteworthy contrast between the two, they have distinctive frameworks and favorable circumstances, they have altogether different squares possibly that is influencing, yet that is only my theory, I don't comprehend why they are so unique.

[skorupi17]

Hello,
I want to know why Ethereum transaction is much cheaper and faster than bitcoin ?

The transaction process of Ethereum is fast because it is designed to be that way. I do not know what mining algorithm Ethereum network uses but the speed of transaction depends on that algorithm. The cheap transaction fee is a result of the speed. The slower the speed, the higher the fee; the faster the speed, the lower the fee. This is only applicable for the comparison of transaction in ETH and BTC. Think about the speed of tx of ETH as a minimum of 14 seconds and BTC as a minimum of 10 mins. Since ETH miners mines more block than BTC miners then ETH miners could earn as much as BTC miners even though the ETH tx is low and the other way around.

[thewolfinthewide222]

compare to bitcoin eth is more fast and cheap because ethereum dev is has taken experience through what happened to bitcoin

[crenfrosck]

The answer to your question is: it was programmed this way. Bitcoin was the first cryptocurrency ever and we have seen its flaws throughout the time. It was a pioneering project and every single cryptocurrency wants to beat it by its functions and usability and at the moment (with a help of ETH smart contracts), they are achieving this with ease. ETH is younger than BTC and its creator had the opportunity to build on something and add more things or improve existing ones, which he did.  ETH is better at scaling and faster than BTC because he had seen that its functions are not good enough for the future. This is the reason why we have the ability to send our money faster than before an invention of additional ecosystems like Ethereum is.

[ZeidFreak]

 Ethereum transaction currently supports roughly 15 transactions per second compared to other cryptocoins, but it's good for trading purposes but not on buying some stuff or food on restaurant- it should be 10,000 times larger than visa tps. well Vitalik will develop he's Ethereum blockchain in the long run.

[supine]

Hello,
I want to know why Ethereum transaction is much cheaper and faster than bitcoin ?

 I think the platform is designed for this. However, sometimes we experience a huge network delay and expensive gas price. Lately, network syncing takes a lot of times specially when sending funds and trading. It sometimes take hours.

[3x1t]

This fact takes place because ETH's characteristics differ than BTC's characteristics are. This gives a chance for ETH to have an opportunity to be the first among other altcoins.

[emmaeducatorxx]

If I think why Ethereum deals are cheaper and faster then we will compare them with Bitcoin, because there are too many reasons to explain this, because I believe this is the reason that there is a contrast we should know between them, because they have a distinctive framework and favorable circumstances, they have totally different boxes that might affect, but that's just my theory, I do not understand why they're so unique.

[obility]

Ethereum is not all that fast and cheap as you think, it all depends on network, when the ethereum is clogged, transactions takes hours, even days to complete and the fees would be higher, as we witnessed with Fcoin recently.

[IVEXO]

Hello,
I want to know why Ethereum transaction is much cheaper and faster than bitcoin ?

Yes Ethereum transactions are cheap but Neo is even more cheaper
And in the case of bitcoin, it depends on your wallet; because Blockchain wallet fees are cheap and convenient also fast
Simply make sure to ascertain the wallet first and then figure out the cost of each transaction

[AlexFF]

The network of the Ethereum is designed for huge scalability and high speed of trasactions. The team is constantly working on improving the network of the Ethereum.

[Rejinx]

compare to bitcoin eth is exalted electric and bully in that ethereum dev is has bewitched affair over what developed to bitcoin

[arkaasay]

Ethereum has an algorithm that is easier to mine, Ethereum is also an easy mine and transactions are low because the ETH concept is used in most projects so that other coins also depend on the ETH platform. The reason for ETH transactions is faster is because there is more space on the network. meanwhile Bitcoin Technology is an older and more expensive transaction.

[p.solovey]

There are other blockboys : iota - free transactions.
Nebulas - for 1 coin worth $ 1 you can make a million transactional

[Ceto]

The most reason why transactions in Ethereum network is faster than within Bitcoin blockchain is the shorter time per block generation. Ethereum block time is at least 40 times shorter. Transaction fee always correlates to blockchain load, so a more busy network demands a higher fee.