Comparison of a computer with currency – Crypto Recorder



The comparison between the Ethereum ETH project and Bitcoin Cash BCH might seem a bit odd since the two projects seem to have nothing in common except that both BCH and ETH represent digital resources within of important projects based on blockchain.

Both currencies reside in the 5 list of all cryptocurrencies, Bitcoin Cash which takes the 4 th spot and Ethereum is classified as 2 nd largest crypt in accordance with its market capitalization.

What in this case is compared the potential that both these projects undeniably possess: Bitcoin Cash which probably represents the most successful Bitcoin fork and Ethereum which represents the largest network of smart contracts to be implemented up to this date.

One is certain: both projects have great ambitions in terms of establishing autonomy in the encrypted market in terms of offering the most excellent software and the most efficient payment method.

Bitcoin Cash BCH and Ethereum ETH Stats Comparats

Ethereum ETH was officially released and introduced into the growing crypto community in 2015, years after Bitcoin was initially launched by an anonymous hacker or from a group of hackers called Satoshi Nakamoto, who soon became the synonym of the "father" of the blockchain.

Bitcoin Cash BCH was launched two years later at the beginning of August as a difficult fork derived from the original crypto, Bitcoin. Ethereum has a two-year advantage in this case, as well as having the status of the largest smart contract platform and the second best currency.

In accordance with the information provided by SFOX, Bitcoin trading platform for advanced trading of BTC, Bitcoin Cash was able to process an average transaction of 0.11 in one second as opposed to 2.53 transactions made with ETH in the same time frame as in August 2017, when Bitcoin Cash was released.

In the same period, Ethereum had a block production of 170 blocks at the time, while BCH was able to generate 6 blocks for an hour. However, commissions made during transactions were almost ten times higher with Ethereum, with BCH taking average fees of about $ 0.018 and ETH with $ 0.11 per transaction.

Nearly a year later, at the end of June 2018, SFOX made another comparison and although the average results were different for both currencies, in the end Ethereum was a leader in the production of blocks and in the number of transactions carried out for a second . However, the transaction fees are even lower with Bitcoin Cash.

Here's how in 2018 Ethereum is able to process an average of over 8 transactions for a second, while BCH can process about 0.18 TXs per second producing 7 blocks all now in opposing Ethereum producing nearly 250 blocks in the same period of time.

However, Bitcoin Cash seems to be winning in terms of fees almost 10 times lower and with higher average transaction volumes in 2018.

As BCH showed 0.33 $ the volumes of the median transactions are set against the $ 43 of Ethereum, almost a year after Bitcoin Cash is 89 $ in volume of median transactions, showing significant growth, as ETH collapsed in this area with $ 0.014.

Ethereum vs. Bitcoin Cash: Use Case, Transactions and Flexibility

Still feeling like comparing apples to oranges, Ethereum and Bitcoin Cash have frankly different visions for their projects. Bitcoin Cash has been bifurcated with the aim of having a fast and secure payment method, but also an economic one based on blockchain technology.

Ethereum, on the other hand, offsets one of the most popular platforms that enable developers to take advantage of network flexibility in the form of creating and deploying decentralized applications through intelligent contract operations.

Here is how the ETH platform allows the implementation and use of games such as Crypto Kitties, along with many different applications for different business and personal purposes,

Bitcoin Cash as opposed to this case is done in a rather primitive programming language, so it can easily be replicated making it so vulnerable to fraudulent activities in a certain way. So while BCH presents itself as another payment method as the sole objective of a project, Ethereum is creating a huge blockchain supercomputer that allows users to host anything from networks and social media games to the use of contracts. intelligent for different operations.

the number of transactions on a daily basis, although the median volumes of transactions have increased for BCH over the last year, Ethereum is still leading with the number of transactions.

The ETF has about 700,000 transactions a day, while Bitcoin Cash usually has about 13,000 TX in a single day, proving that, despite its value dropped significantly in the last 9 months, Ethereum still compensates a more favorable choice for transactions with respect to BCH, despite the fact that Bitcoin Cash has 85% lower commissions.

loading …


Source link