Topic: Is ETH better than BTC for payment? - page 6. (Read 1357 times)
I think ETH is in the middle. Maybe if someone wants a lighter, faster, and lower cost, they use LTC. And now everyone is talking, I don't remember ever using ETH for payment. I only use ETH to transfer tokens or deposits / withdrawals from my balance. Strange, I brought an sms online to verify the service and even though it costs $ 49, I use BTC as a payment, not ETH.
I know one thing that ethereum coin is better than butcoin, it is to invest with a low amount of capital. Because you cannot invest bitcoin with a minimum amount since your earning might not good as ethereum coin, even for 1 eth there is an assurance that you would earn profits. However the two top coins are very good to invest with in terms of its market volume. And also same top coins for a good to invest even for a long period of time.
I personally feel Litecoin is much better then Bitcoin and Ethereum but sadly its not working every where like bitcoin so where I able to use then I am going with Litecoin and where I feel I cannot go with this I am using Bitcoin as its also very important for all movements without any serious problem.
Waiting time or the transaction fee should be priority while making any payment.
I don't really think people won't priority for just few minutes but if it is money every cents counts so some people say ethereum is better but we need to know ethereum is cheaper and less used compared to bitcoin so if everyone thins ethereum is better payment option and start sending ethereum at a time which will clog the pool and will increase the fee as well.
I don't really think people won't priority for just few minutes but if it is money every cents counts so some people say ethereum is better but we need to know ethereum is cheaper and less used compared to bitcoin so if everyone thins ethereum is better payment option and start sending ethereum at a time which will clog the pool and will increase the fee as well.
Yeah of we look about how speed blockchain works is ETH win.
Because BTC is used old blockchain and ETH always update his system we can see ETH launching ETH 2.0 before.
But i really support BTC ever, because no one coin can compare with BTC, it is the mother of cryptocurrency and all coin here.
In this case if the speed of blockchain will determine how possible the merchants to create an instant transaction that will help them all to avoid the volatility. BTC is good for the commodity or as an investment but it's not good to be a payment system and ethereum is winning in this case Because BTC is used old blockchain and ETH always update his system we can see ETH launching ETH 2.0 before.
But i really support BTC ever, because no one coin can compare with BTC, it is the mother of cryptocurrency and all coin here.
Very often we see people sugget to use ETH or any alternative coin for cheap and faster tx. I am going to share some information which will proof that it is no better. I may be wrong too, I am not an expert here. Just sharing what I have got.
BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)
So, ETH will get around 43 blocks = 1 BTC block
BTC block size- 1 MB (Let's say we use Legacy only)
ETH Block size- 20 to 30 kb (Let's say 25kb on average)
How much byte can both proceed within 10 minutes?
Both BTC and ETH will be able to proceed 1 MB tx data on average.
Is not both same in term of handling tx? Sometimes BTC is even better with segwit.
Just sharing some random thoughts, I am not expert technically. So, I may be wrong in many ways.
I know the thread starter has posted in favour of Bitcoin as his choice for payment but if you try to make payments practically ethereum is much better, even today my btc payment is still pending after almost 5 hours while eth payment hardly takes 2 minutes or less, this is my own opinion but majority of people will share their experience here and we can conclude the result later on. BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)
So, ETH will get around 43 blocks = 1 BTC block
BTC block size- 1 MB (Let's say we use Legacy only)
ETH Block size- 20 to 30 kb (Let's say 25kb on average)
How much byte can both proceed within 10 minutes?
Both BTC and ETH will be able to proceed 1 MB tx data on average.
Is not both same in term of handling tx? Sometimes BTC is even better with segwit.
Just sharing some random thoughts, I am not expert technically. So, I may be wrong in many ways.
Yeah of we look about how speed blockchain works is ETH win.
Because BTC is used old blockchain and ETH always update his system we can see ETH launching ETH 2.0 before.
But i really support BTC ever, because no one coin can compare with BTC, it is the mother of cryptocurrency and all coin here.
First of all, it totally not applicable to compare with any other crypto in the market now or in the future because bitcoin is an extraordinary project no matter how old you may think it blockchain system is and I'm sure if ETH was the crypto the governments against back then none of ETH enthusiast will still support ETH.Because BTC is used old blockchain and ETH always update his system we can see ETH launching ETH 2.0 before.
But i really support BTC ever, because no one coin can compare with BTC, it is the mother of cryptocurrency and all coin here.
Second, the betterment of a project is not only about blockchain improvement but level of communities, investors, traders and miners support. Theres alot of project out there which claimed to have 6.0 and not supported.
Yeah of we look about how speed blockchain works is ETH win.
Because BTC is used old blockchain and ETH always update his system we can see ETH launching ETH 2.0 before.
But i really support BTC ever, because no one coin can compare with BTC, it is the mother of cryptocurrency and all coin here.
Because BTC is used old blockchain and ETH always update his system we can see ETH launching ETH 2.0 before.
But i really support BTC ever, because no one coin can compare with BTC, it is the mother of cryptocurrency and all coin here.
I normally suggest ltc, it's not perfect but it has segwit and a 1mb block every 2.5 minutes.
Eth txs are definitely cheaper than btc though srull from when I last used them...
Eth txs are definitely cheaper than btc though srull from when I last used them...
Use the Lightning Network for BTC transaction and pay a FRACTION of the normal fee. Stakenet makes the Lightning Network easily available for anyone wanting to send/recieve/trade/and store in their Multi Currency Wallet with an inbuilt DEX.
You can trade instantly between BTC/LTC/XSN and other assets.
https://www.youtube.com/watch?v=wSNFhFBKmsc
to be honest I am not very expert in the field of blokchain especially in determining the exact time or number of sizes of each ETH / BTC coin. but I think for speed issues it seems that ETH is much faster than BTC in terms of payment.
For smaller payments, you can use Ethereum or Litecoin, but now there is a solution built on Bitcoin - the Lightning Network, which provides super-fast payments. But, when you send millions of dollars, I would personally send BTC to the beneficiary because it is the most trusted crypto payment method that we currently have. Ethereum reversed transactions in the future - DAO. 
I didn't use ETH that much after getting paid mainly with BTC, perhaps one or two times in the last year.
I guess the network effect is still the main factor in choosing between BTC and ETH. If you got paid by BTC, you would be using BTC. In fact, I still use BTC even though it has higher fees than ETH. If the BTC transaction fee is still manageable, I don't have the reason to use ETH for payment.
You probably just hold them, that is a reason why it doesn't matter to you. Have you tried using BTC when the network is on heavy load? This usually happens during rise of the price of BTC. The fee during that time is totally unbearable to make smaller transaction. Like, if you want to get a quick confirmation you will have to be paying a lot of fee.I guess the network effect is still the main factor in choosing between BTC and ETH. If you got paid by BTC, you would be using BTC. In fact, I still use BTC even though it has higher fees than ETH. If the BTC transaction fee is still manageable, I don't have the reason to use ETH for payment.
If you pay less, your transaction is going to take hours to confirm. That is when people prefer to use some other altcoins like LTC or ETH.
I didn't use ETH that much after getting paid mainly with BTC, perhaps one or two times in the last year.
I guess the network effect is still the main factor in choosing between BTC and ETH. If you got paid by BTC, you would be using BTC. In fact, I still use BTC even though it has higher fees than ETH. If the BTC transaction fee is still manageable, I don't have the reason to use ETH for payment.
I guess the network effect is still the main factor in choosing between BTC and ETH. If you got paid by BTC, you would be using BTC. In fact, I still use BTC even though it has higher fees than ETH. If the BTC transaction fee is still manageable, I don't have the reason to use ETH for payment.
If comparing bitcoin transactions with ethereum now it's better bitcoin. Especially with the bitcoin segwit being increasingly
recommended to be used as payment. If you want a cheap and fast transaction you can use LTC, XRP and TRX. These three
altcoins better than bitcoin.
recommended to be used as payment. If you want a cheap and fast transaction you can use LTC, XRP and TRX. These three
altcoins better than bitcoin.
It will be quiet interesting if you'll use Bitcoin & Ethereum at the same time as a payment method. For faster transaction if it's peer-to-peer or third-party-programs; you might wanna recommend to use Ethereum for quick transaction. In the other hand, Bitcoin is kinda sluggish for blockchain transaction.
Who says Bitcoin is a bit slow for blockchain transactions? even at this time Ethereum transactions that have a lot of pending unless someone uses a slightly higher fee when making a transaction so that the transaction can be successful more quickly.actually everything is on the fee constraints that are prepared for all transactions. ethereum and bitcoin are actually the same transaction speed depending on the fees provided to make transactions. Most people are looking for every transaction with an affordable fee which of course will have the risk of being slow for the transaction. want bitcoin or ethereum has no effect in the speed of transactions that make fast or slow can be ascertained because the fee is prepared only, to be able to quickly the easiest is to prepare a fee above the average requested can be ascertained will be completed quickly the transaction.
Very often we see people sugget to use ETH or any alternative coin for cheap and faster tx. I am going to share some information which will proof that it is no better. I may be wrong too, I am not an expert here. Just sharing what I have got.
BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)
So, ETH will get around 43 blocks = 1 BTC block
BTC block size- 1 MB (Let's say we use Legacy only)
ETH Block size- 20 to 30 kb (Let's say 25kb on average)
How much byte can both proceed within 10 minutes?
Both BTC and ETH will be able to proceed 1 MB tx data on average.
Is not both same in term of handling tx? Sometimes BTC is even better with segwit.
Just sharing some random thoughts, I am not expert technically. So, I may be wrong in many ways.
Ethereum transactions are cheaper and always faster than bitcoin transactions and I always suggest you to move funds in form of ethereum and not bitcoins as it will save a lot of your time and many a times money also. BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)
So, ETH will get around 43 blocks = 1 BTC block
BTC block size- 1 MB (Let's say we use Legacy only)
ETH Block size- 20 to 30 kb (Let's say 25kb on average)
How much byte can both proceed within 10 minutes?
Both BTC and ETH will be able to proceed 1 MB tx data on average.
Is not both same in term of handling tx? Sometimes BTC is even better with segwit.
Just sharing some random thoughts, I am not expert technically. So, I may be wrong in many ways.
But there are may people who prefer bitcoin because they don't want to go through the hassle of converting their bitcoins into ethereum and then back to bitcoins for saving a few dollars on the transaction. Many a times if the amount being transferred is big then the sender may pay more for converting than sending their coins straight in the form of bitcoins.
IMHO, at the present rate of their respective transaction speed, I might say that no one is better, Ethereum Network now was also clogging except If you are willing to pay for higher gas (Gwie). If the Bitcoin's Lightning network was push through this TX speed is not a problem anymore. same on Ethereum too as an Ethereum user I'm also hoping that the 2.0 upgrade will bring more game-changing progress to the Ethereum Network.
Very often we see people sugget to use ETH or any alternative coin for cheap and faster tx. I am going to share some information which will proof that it is no better. I may be wrong too, I am not an expert here. Just sharing what I have got.
BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)
So, ETH will get around 43 blocks = 1 BTC block
BTC block size- 1 MB (Let's say we use Legacy only)
ETH Block size- 20 to 30 kb (Let's say 25kb on average)
How much byte can both proceed within 10 minutes?
Both BTC and ETH will be able to proceed 1 MB tx data on average.
Is not both same in term of handling tx? Sometimes BTC is even better with segwit.
Just sharing some random thoughts, I am not expert technically. So, I may be wrong in many ways.
Obviously Eth is much better for payments as compared to btc. Even yesterday i saw people complaining slow and costly Eth transactions but i tried a transaction it went through in under a minute with only 18 cents fee which is very reasonable i guess, while for btc i think fee is higher and transaction also takes much longer time to confirm. BTC Avg. Block time- 10 minutes
ETH Avg. Block time- ~14 seconds (now)
So, ETH will get around 43 blocks = 1 BTC block
BTC block size- 1 MB (Let's say we use Legacy only)
ETH Block size- 20 to 30 kb (Let's say 25kb on average)
How much byte can both proceed within 10 minutes?
Both BTC and ETH will be able to proceed 1 MB tx data on average.
Is not both same in term of handling tx? Sometimes BTC is even better with segwit.
Just sharing some random thoughts, I am not expert technically. So, I may be wrong in many ways.
It will be quiet interesting if you'll use Bitcoin & Ethereum at the same time as a payment method. For faster transaction if it's peer-to-peer or third-party-programs; you might wanna recommend to use Ethereum for quick transaction. In the other hand, Bitcoin is kinda sluggish for blockchain transaction.
Who says Bitcoin is a bit slow for blockchain transactions? even at this time Ethereum transactions that have a lot of pending unless someone uses a slightly higher fee when making a transaction so that the transaction can be successful more quickly. hero member
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I feel that ethereum is not suited for payment 
I suggest using litecoin for payment, the confirming of the transaction is not take too long, and the fee is not too high. I think it's about how would you pay the transaction fee, and not about the coin. If you don't want to pay a high fee, you should use the altcoin, and you can pay a low fee for the transaction. I think many altcoin have a fast confirming transaction with a low fee.
I suggest using litecoin for payment, the confirming of the transaction is not take too long, and the fee is not too high. I think it's about how would you pay the transaction fee, and not about the coin. If you don't want to pay a high fee, you should use the altcoin, and you can pay a low fee for the transaction. I think many altcoin have a fast confirming transaction with a low fee.
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