Five Aspects in Which Ethereum is Better Than Bitcoin
4.5 (90%) 2 votes

This is where Ethereum proves to be advantageous due to the fact that there is no capping on the block size for Ethereum. Moreover, the blocks expand as well as shrink according to requirement and this is resulting in greater adoption of Ethereum.

Aspect #3: Faster Transactions

It is almost 10 minutes that the Bitcoin network takes for confirming a transaction while on the other hand, Ethereum network is capable of confirming a transaction in just about 12 to 14 seconds.

The slowness of confirmation process for transactions is gradually making Bitcoin less attractive as a payment method while on the other hand, Ethereum is fast gaining popularity.

Aspect #4: Ability to Accommodate Higher Number of Applications

We can consider Ethereum as virtual machine instead of virtual currency and as such, it is capable of running different applications. This becomes possible due to the fact that it is Turing complete. Turing provides it access to unlimited resources so that it becomes possible to execute infinite loops.

Aspect #5: Lighter Blockchain

Blockchain of Ethereum is lighter in comparison to Bitcoin due to the fact that its blockchain is growing at a rate of 1 gigabyte per month while rate of growth is 3 gigabytes for Bitcoin’s blockchain.

1
2
SHARE

LEAVE A REPLY

Please enter your comment!
Please enter your name here