BITCOIN VS ETHEREUM
You see with Ethereum the block time is set to fourteen to fifteen secs compared to Bitcoins ten mins. This allows for faster transaction times. Ethereum does this by using the Ghost protocol and that is kinda cool.
Also with Ethereum it has a slightly different economic model than Bitcoin is known for – Bitcoin block rewards halve every 4 years while Ethereum releases the same amount of Ether each and every year ad infinitum .
So Ethereum has a different method for costing transactions and that depends on their complexity, bandwidth use and storage needs. Bitcoin transactions compete equally with one another. This is called Gas in Ethereum and is limited per block whilst in Bitcoin, it is limited by the long block size.
I like Ethereum and Bitcoin and while there is a dip in the market I am going to pick up some more of both
I am excited about crypto
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btc.
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