Topic: ETH vs BTC transaction speed. Who is better and faster? (Read 1448 times)
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
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.
But, Btc still remains the king of coins.
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.
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
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.
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.
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.
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.
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.
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
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. 
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.
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.
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.
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
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.
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.
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
So far Ethereum is superior to Bitcoin in transaction speed. But the Bitcoin team is working hard on this issue.
In my opinion. the transaction speed between ETH and BTC is faster Bitcoin transactions. because bitcoin is more popular than ethereum and the price of Bitcoin is more expensive than the price of Ethereum. Moreover, Bitcoin is the first cryptocurrency currency before Ethereum.
Yes, I think faster eth, despite the fact that you can speed up the transaction , but btc because it is better to transfer, compared to if you throw tokens from the wallet then always problems with the Commission
How did you guys determine the speed of the transaction of those two cryptocurrencies?
Through its process?
Easier?
Or efficient?
I think there are factors affecting their speed but I am not sure what directly it is.
New technology is faster. But, any curreny can't beat bitcoin because bitcoin is store of value.
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 will vote for ethereum blockchain. Just the matter of time until all of IPE will be implemented to help ethereum to reach 1 million TPS in the future. This has been planned by all of core developer of ethereum itself and i suggest you to try to take a look on the all pf proposal. with the large number of supporters who continue to help progress the Bitcoin produces a speed of transaction.
The main problem of Ethereum is that its network can be put only by one good advertising campaign. We've all seen it many times.
What do you mean by only one good advertising campaign? It can be used for many different purposes once the whole scaling issues are resolved. And that will happen in the future.
The main problem of Ethereum is that its network can be put only by one good advertising campaign. We've all seen it many times.
from my experience using ETH and Bitcoin as transactions, then I chose ETH as better than Bitcoin and the speed of transactions using ETH was faster than Bitcoin.
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