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sayulita
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July 05, 2020, 02:45:47 PM |
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Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.
I agree more, ethereum is faster and the fees were not that high compared to btc. We can see the specks and differentation of their techncial aspect when it comes to speed and size. My only concern is if eth already move on pos will it affect the transaction and scalability? I mean will it improve or just be worse? Miners will probably get sad when this time happened. Why would the miners get sad! I think there will be higher rewards for the miners for their work and less for the people who are staking the Ethers. I guess this hybrid system is actually going to help increase the price of ethereum as it will give power to mine ethers to both the parties, the miners as well as the whales who will be staking their ethers. So I don't think that there would be any affect on the transaction and scalability of ethereum after the introduction of POS. Moreover I think that it will be improved by the POS going on along with POW. |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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minatour
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Activity: 687
Merit: 11
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July 08, 2020, 10:22:59 PM |
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I will go for Eth because transaction fee is always low, transaction speed aswell needs to be considered in which also goes to Eth, so for anybody sending out payment, Is better to use Eth than BTC.
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CuriousGeorge
Sr. Member
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Activity: 1498
Merit: 251
KUWA.ai
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July 08, 2020, 11:28:54 PM |
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I will go for Eth because transaction fee is always low, transaction speed aswell needs to be considered in which also goes to Eth, so for anybody sending out payment, Is better to use Eth than BTC.
The main concern was on the scalability but it looks like it must be compared with the bitcoin lightning network as it is much faster for bitcoin to receive or send any transaction into the network. I guess ethereum is a winner in this case. |
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BigBos
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July 09, 2020, 02:25:19 AM |
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Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.
yes, it seems like it's common knowledge that besides speed, ethereum fees are also cheaper than bitcoin. between bitcoin and ethereum, traders may prefer to use ethereum to save fees. actually there are some other altcoins that have smaller fees, it's just that I think for ethereum is good enough. |
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Aaroenz0r
Full Member
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Activity: 504
Merit: 100
Option Blitz
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July 09, 2020, 02:34:31 AM |
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Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.
yes, it seems like it's common knowledge that besides speed, ethereum fees are also cheaper than bitcoin. between bitcoin and ethereum, traders may prefer to use ethereum to save fees. actually there are some other altcoins that have smaller fees, it's just that I think for ethereum is good enough. Same as me. I think between BTC and ETH. I would prefer using ETH to make transactions because of its lower fee. Also, I think a lot of traders do the same as well. You're right that the speed of making an ETH transaction is faster than a BTC transaction. Those are the advantages that we can clearly see. There are a lot of coins which has smaller fees however they are not as trustworthy as ETH. |
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TeamMollyMassive
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Activity: 64
Merit: 10
My girls in my trap team all Baggin Cryptos!!!
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July 09, 2020, 03:06:53 AM |
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Even if we realize the fact that eth has lower fees currently and is 100x IMO more useful that bitcoin it still has some scalability issues that could make the fees very undesirable. There are some solutions to be proposed to fix this issue being implemented now and in the future so until something better comes along ETH is #1 for user experience and the onboarding of potential mainstream adoption through DEFI and DAPPS.
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Synaesthesia
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July 09, 2020, 04:14:30 AM |
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Ethereum is better for transaction not only because of time and block confirmation the main readon I am considering ethereum is for transaction is that fees whole comparing by converting to fiat currency transaction fees is cheaper in ethereum . May in future if ethereum price increases then it may increase now ethereum is better for me crypto currency transaction.
yes, it seems like it's common knowledge that besides speed, ethereum fees are also cheaper than bitcoin. between bitcoin and ethereum, traders may prefer to use ethereum to save fees. actually there are some other altcoins that have smaller fees, it's just that I think for ethereum is good enough. Same as me. I think between BTC and ETH. I would prefer using ETH to make transactions because of its lower fee. Also, I think a lot of traders do the same as well. You're right that the speed of making an ETH transaction is faster than a BTC transaction. Those are the advantages that we can clearly see. There are a lot of coins which has smaller fees however they are not as trustworthy as ETH. I agree with you. Using ETH will be faster and very cheap so generally, you will not have to spend too much time waiting. In addition, there are still plenty of other options for everyone at this time because coins like Ripple, BCH, LTC are all very popular and can completely outperform ETH. However, there are still not many countries using these coins for payment and it will probably take a few more years for everyone to know. |
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Oppo57
Copper Member
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Activity: 1078
Merit: 0
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July 09, 2020, 05:57:30 AM |
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ETH and BTC are two big places in the cryptocurrency market. ETH and BTC The cryptocurrency current cannot be thought of without him. It is very easy to make payment through these two. I wish these two platforms well.
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Kong Hey Pakboy
Member
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Activity: 1120
Merit: 68
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July 09, 2020, 06:45:12 AM |
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Ethereum and Bitcoin are both good cryptocurrencies and top coins in the market, but when it comes to making transactions ETH is way better than bitcoin because ETH is much faster and cheaper in making transactions. Unlike Bitcoin, it has high fees and it takes so long to make transactions due to it's increasing of supply and demand.
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WalkerIVIV
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July 09, 2020, 07:44:41 AM |
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I will go for Eth because transaction fee is always low, transaction speed aswell needs to be considered in which also goes to Eth, so for anybody sending out payment, Is better to use Eth than BTC.
As long as the network is not getting clogged and it will always on the low fees to create a transaction but you should remember ethereum chain has a limit and it can be clogged anytime when there was a lot of traffic on the blockchain. |
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qomariah95
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July 09, 2020, 08:34:13 AM |
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I personally consider the cost of using ETH or BTC very large. I have never even done a payment transaction using ETH or BTC, because I prefer to use stable coins like USDT or USDC for payments. This is from my personal experience, and therefore never use ETH or BTC in a payment.
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mezzaluna
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Merit: 23
★Bitvest.io★ Play Plinko or Invest!
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July 09, 2020, 09:28:18 AM |
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That actually also depends on which platform we are using it on. Some platforms set their own gas pricing that can either make our transactions faster or be in a normal speed but not that long. Gas prices are specifically made to whether we want our transactions to be prioritized in the blocks creating our transaction. Using ETH was faster based on my experience when doing transactions internationally. The travel time of Bitcoin is somewhat slower and sometimes it comes fast so I guess i'm picking ETH over BTC.
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