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Topic: What is faster transaction Bitcoin or Ethereum ? (Read 2538 times)

lastguard

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Quote from: celested on May 25, 2017, 09:53:27 AM

Quote from: Vantix on May 22, 2017, 03:01:33 PM

What is faster transaction Bitcoin or Ethereum ?

No matter what happens, I always believe that bitcoin is faster, although you see bitcoin transactions take longer to confirm, but bitcoin is faster, because bitcoin has to deal with a very large amount of bitcoin. Transactions every day, but ETH does not have that, it's popularity has made bitcoin slower.

my friend, it is not about how you feel about it, or how "busy" network is, its about block time, lower block time will bring much faster txs.

celested

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Quote from: Vantix on May 22, 2017, 03:01:33 PM

What is faster transaction Bitcoin or Ethereum ?

No matter what happens, I always believe that bitcoin is faster, although you see bitcoin transactions take longer to confirm, but bitcoin is faster, because bitcoin has to deal with a very large amount of bitcoin. Transactions every day, but ETH does not have that, it's popularity has made bitcoin slower.

oegarod

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Eth transaction is faster than bitcoin, but the same time it has got lot of difference between the process involved in the transaction of a bitcoin as well ethereum. Bitcoin has some blocksize limitations, but with eth the blockchain is based on contracts.

LEEMEEGO

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as what other member here say, eth is much faster. due to the fact that it just has less traffic compare dto bitcoin. but if you really want to have a faster transaction on bitcoin too, then better yet pay for much higher fees, thats the best solution so far. especially now that bitcoins price skyrockets. traffic too skyrockets. lol.

Humanxlemming

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Well as what i've see or experiences using this two. I would probably say that ETHEREUM is much more faater that bitcoin because also bitcoin have now 200k unconfirmed and still counrting. Well all in all ETH have more credibility that have a faster transactions to confirmed.

lastguard

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Dogecoin uses DigiShield which is developed by DigiByte developer.

This coin is very undervalued.

Wintersoldier

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Quote from: Celsiuss on May 22, 2017, 03:20:35 PM

Depends on the fee you're paying. If you pay a high enough fee so your transaction is included in the next block, ethereum might be faster with 10 min. Ethereum fees are currently lower than bitcoin, bu right now the fees for both are way to high for my likings.

Why are you asking this? Are you not sure on what to se?

The comparison between the length of transaction of ethereum and bitcoin must consider things like what way of transaction will you chose and how much fee are there in the specific transaction. If you are going to look on the coins bitcoin is much accepted in transaction because people usually used ethereum on trading and its stock is much slow to moved that bitcoin so in transaction it better to used bitcoin even if the transaction length take time to complete. And the fees it does not matter if you will chose the proper wallet on transaction. So the first thing to do is find the suitable wallet on your transaction.

Kray

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Quote from: Vantix on May 22, 2017, 03:01:33 PM

What is faster transaction Bitcoin or Ethereum ?

So far i used both of this coin, i felt ethereum has faster transaction even use ussual transaction fee

GreenBits

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Quote from: Vantix on May 22, 2017, 03:01:33 PM

What is faster transaction Bitcoin or Ethereum ?

Dude, ETH is sooo much faster than BTC at the moment. You can read the forum if you have been living under a rock, concerning the state of the bitcoin network, but ETH always zips along at less than 5 minutes. When ETH was first introduced to exchanges, the wallets were slow about registering incoming transactions, but it's been ages since then, its all gravy now.

I've never gotten a single confirmation of a bitcoin network as fast as I have on Ethereum's. And I lurvs me some bitcoin.

To not seemed biased, LTC and Doge rock for fast confirms.

Remainder

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for now ethereum has less transaction fee than bitcoin this two currencies now play the highest value now in the market and the number one is still the bitcoin but it has big transaction fee. Sad

Sad

Alif Mahardika

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I've never done a transaction before. But Of the information I get, Ethereum is faster than Bitcoin in term of transaction.

bitcoinvestor

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Quote from: Vantix on May 22, 2017, 03:01:33 PM

What is faster transaction Bitcoin or Ethereum ?

In my experience eth is faster than bitcoin. I sometimes wait for minutes to make bitcoin transaction. I am using eth to send token and eth I need about 1 to five minute. The money has been arrived. I ever suffered o confirmation from sending bitcoin. it takes one or two days.

TastyChillySauce00

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Quote from: Amph on May 23, 2017, 01:51:42 AM

ofcourse ETH is faster but ETH has also half of the transaction per day than bitcoin, not sayign that they ar enot handling better the nuber of transactions per day, but still this is something to look around when making a comparison

also etheruem has not block limit like bitcoin, its fuction is different, there is another kind of limit there related to contract called gas limit

ETH just not yet facing the scalability issue just like bitcoin so it'll eventually as slow as bitcoin when many people use it and the amount of transaction going on the increase as much as bitcoin, alongside with the fee, just like what you mentioned.
And also, most of the exchanges require many confirmations if from ETH's blockchain and it's also something to be thinking about.

DoublerHunter

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Bitcoin is still the faster transaction for me because it is just fair with ethereum because if you compare the user of bitcoin and ethereum, bitcoin users are still bigger so in terms of speed of transaction bitcoin is still faster, just add some higher fees and you will have an average speed of transaction in bitcoin.

Amph

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ofcourse ETH is faster but ETH has also half of the transaction per day than bitcoin, not sayign that they ar enot handling better the nuber of transactions per day, but still this is something to look around when making a comparison

also etheruem has not block limit like bitcoin, its fuction is different, there is another kind of limit there related to contract called gas limit

mackenzied

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Quote from: Vantix on May 22, 2017, 03:23:37 PM

Quote from: Celsiuss on May 22, 2017, 03:20:35 PM

Depends on the fee you're paying. If you pay a high enough fee so your transaction is included in the next block, ethereum might be faster with 10 min. Ethereum fees are currently lower than bitcoin, bu right now the fees for both are way to high for my likings.

Why are you asking this? Are you not sure on what to se?

I use regular fee on Bitcoin and and lately it takes 2-3 days and still unconfirmed which is very annoying.
is it the same with Ethereum ? i consider move my coins there if it's faster.

Bitcoin trading is slow because it is facing a huge daily trading volume. Ethereum is still a fledgling currency, transactions have it quicker and easier. That is the advantage of ethereum.

Kakmakr

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Quote from: Helveticus on May 22, 2017, 05:20:50 PM

Classic Veritaseum topic. Yes Ethereum is faster. /close thread.

Nope, it is not that easy. People want to move to a faster Crypto currency network, but there are other factors other than the speed of the network, that has to be considered.

You can have a fast network with much less security or poor decentralization. How many merchants accepts Ethereum directly?

Ethereum has not even come close to the transaction volumes, compared to where Bitcoin is now. What happens when they do?

Pursuer

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Quote from: mining1 on May 22, 2017, 04:49:45 PM

ETH's normal fee is about 4-5 cents per transaction. However, if you think that's much, you can chose to pay a very low fee, like <1cent, and wait for a few mins instead (1-2).

I don't know who to believe, you (a known ethereum advertiser who is known for spreading misleading information) or what I see on block explorers!
here is poloniex ethereum wallet: https://etherscan.io/address/0x32be343b94f860124dc4fee278fdcbd38c102d88
none of the tx fees seem to be anything lower than $0.12 to $0.16
and when I search more on blockexplorers with more information such as average tx fee per transaction in a longer period they say of fees around $0.45
Huh

Huh

Cherylstar86

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Quote from: Vantix on May 22, 2017, 03:01:33 PM

What is faster transaction Bitcoin or Ethereum ?

I think we cannot recognize what transactions really rises on both bitcoin and ethereum because they both depends from blockchain network. I know sometimes ethereum beats bitcoin transaction to much faster processing depending on the network traffic on confirmation. Also with bitcoin transactions that's also experienced making it faster than ethereum, they both have an alternate competition of fastest transactions made; but we couldn't find the data of actual numbers of their fastest transactions made.

erikalui

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Any coin is faster than Bitcoin transactions these days. Even with 220 sats per byte, it still takes hours to get a confirmations while in ETH, if transactions are sent with a lower fee, I am able to send the same transaction again with a higher fee and the transaction gets confirmed in max 15 minutes. Also, ETH now too charges 0.001 fee that can become expensive with the price increasing rapidly.

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