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Author Topic: ETH vs BTC transaction speed. Who is better and faster?  (Read 1412 times)
Vasilisochka
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September 30, 2018, 02:33:23 PM
 #141

So far Ethereum is superior to Bitcoin in transaction speed. But the Bitcoin team is working hard on this issue.

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September 30, 2018, 02:34:39 PM
 #142

I am always amaze every time I imagine how much power does Ethereum blockchain has when processing transaction for every tokens it supported. There are millions of transactions are being process every single day. Just do the math. Decentralized exchanges using ETH blockchain plus online wallets like MEW, Jaxx, coinomi, Eidoo, etc. I always have this feeling that ETH will become number 1 someday. Who is better for you? ETH or BTC?
i do not know it depends on many factors and i think that it is necessary to watch this question closely nowadays

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September 30, 2018, 02:35:54 PM
 #143

if I personally think Ethereum is better than Bitcoin if it is about transaction speed, because from my own experience of sending Ethereum and Bitcoin, maybe Bitcoin speed transactions are longer than Ethereum because many are transacting using Bitcoin compared to Ethereum, but besides that I also assume that Bitcoin transaction fee are very expensive compared to Ethereum transaction fee.

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September 30, 2018, 02:36:59 PM
 #144

Etherum is much much faster
In case of bitcoin it depends does service is using segwit or not
With segwit bitcoin transaction time is even not so long but fees are still very high

correct. I agree with you. Ethereum has a faster transaction than Bitcoin. because ethereum transactions only require a duration of 10 seconds to complete the transaction. and the fee is also cheap. therefore many people make ethereum transactions.
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September 30, 2018, 02:37:35 PM
 #145

I am always amaze every time I imagine how much power does Ethereum blockchain has when processing transaction for every tokens it supported. There are millions of transactions are being process every single day. Just do the math. Decentralized exchanges using ETH blockchain plus online wallets like MEW, Jaxx, coinomi, Eidoo, etc. I always have this feeling that ETH will become number 1 someday. Who is better for you? ETH or BTC?

Eth is more trustable for me . Transaction speed way better than btc. and eth has a incredible technology inside like smart contracts etc. Sure it will be more better with POS. so yes i agree with you. i have also feelings about number 1 is ETH.

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September 30, 2018, 02:37:48 PM
 #146

It's also about the number of transactions for the both coins. Ethereum is transacted in the largest number while bitcoin transaction are a fraction of it.
Ethereum is of course a better when it comes to fast transactions, transacting more than bitcoin per secoind. but the number of transactions are huge in Ethereum than in Bitcoin which leads to larger queuing period for Ethereum than bitcoin.



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September 30, 2018, 02:53:46 PM
 #147

I am always amaze every time I imagine how much power does Ethereum blockchain has when processing transaction for every tokens it supported. There are millions of transactions are being process every single day. Just do the math. Decentralized exchanges using ETH blockchain plus online wallets like MEW, Jaxx, coinomi, Eidoo, etc. I always have this feeling that ETH will become number 1 someday. Who is better for you? ETH or BTC?
BTC network was overloaded in December but today, the transaction speed of the network is pretty much faster  than in ETH network, more and more nodes are appearing every day to implement the Lighting Network.

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October 02, 2018, 09:39:01 PM
 #148

The network speed of bitcoin is much faster than that of ethereum. Ethereum made good time before but with all of the coins that are being built and transacted on the network it has definitely taken a toll on the transaction speed of the coin. So bitcoin has a much better speed and the transaction I did yesterday with bitcoin was pretty much instant
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October 02, 2018, 09:47:20 PM
Last edit: October 14, 2018, 07:05:51 AM by DarkDays
 #149

In my experience BTC tends to have slightly faster acceptance rates, but ETH technically has higher network throughput. I believe however that with the huge numbers of ERC20 tokens being moved around that the Ethereum network is closer to reaching its maximum capacity most of the time, hence confirmations are sometimes slower. Overall, both these are under 20tps.

It's also about the number of transactions for the both coins. Ethereum is transacted in the largest number while bitcoin transaction are a fraction of it.
Ethereum is of course a better when it comes to fast transactions, transacting more than bitcoin per secoind. but the number of transactions are huge in Ethereum than in Bitcoin which leads to larger queuing period for Ethereum than bitcoin.

True, if you include ERC20 transactions I am fairly sure that ETH eclipses BTC, however you can't really claim that makes ETH better than BTC. After all, many would consider ERC20 transactions to be network spam, since the vast majority of these are simple trades, whilst almost all of BTC value exchange is purposeful.

Either way, both networks need an upgrade, Bitcoin is steadily gaining numbers with Lightning and Ethereum has the impending Caspar upgrade, personally I prefer the idea of sharding over lightning, but we'll see who wins.
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October 02, 2018, 09:54:34 PM
 #150

Etherum is much much faster
In case of bitcoin it depends does service is using segwit or not
With segwit bitcoin transaction time is even not so long but fees are still very high

correct. I agree with you. Ethereum has a faster transaction than Bitcoin. because ethereum transactions only require a duration of 10 seconds to complete the transaction. and the fee is also cheap. therefore many people make ethereum transactions.
Even though we can make bitcoin transaction faster, but the fee maybe does not match with the value that we send and can be bigger than that. The fastest bitcoin transaction I feel is getting 3 confirmations in 1 hour, at that time I used a standard transaction fee.
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October 02, 2018, 09:55:32 PM
 #151

I am always amaze every time I imagine how much power does Ethereum blockchain has when processing transaction for every tokens it supported. There are millions of transactions are being process every single day. Just do the math. Decentralized exchanges using ETH blockchain plus online wallets like MEW, Jaxx, coinomi, Eidoo, etc. I always have this feeling that ETH will become number 1 someday. Who is better for you? ETH or BTC?

I have a problem with ETH transactions sometimes. I am having failed transactions due to setting low gas or gwei. That is my problem you have to set the proper amount of gas amd gwei for ETH transactions. I still prefer BTC because it is automatic, it may take time for you to receive but I never had failed transaction.
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October 02, 2018, 10:14:04 PM
 #152

For me, the Ethereum network has a faster speed for transaction completion compared to bitcoin, also considering the numbers of transactions that needs to be completed... So ETH has the better speed..

But, Btc still remains the king of coins.

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October 05, 2018, 07:07:03 AM
 #153

I have a great love for both of these coins . These are the giants of cryptocurrency . Choosing which coin to change is only the difference in price on the day when I make any transaction, that's all
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