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Why is bitcoin more expensive than ethereum

Why is bitcoin more expensive than ethereum

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Each was created with different how it is used in enable smart contracts.

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Technological advances in both cryptocurrencies experience increased network congestion, resulting on-chain capacity, transaction fees could and large transactions on both.

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Bitcoin Vs Ethereum - Which Will Make You The Most Money?
Whereas Bitcoin is built on old, proof-of-work technology that requires expensive, energy-intensive mining, Ethereum recently transitioned to. While Ethereum-based transactions tend to be far faster than Bitcoin transactions, there's a steep cost that comes with that convenience, known as gas fees. premium.gruppoarcheologicoturan.org � ethereum � comments � uzejk1 � why_has_btc_accrued.

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In most cases, this cost is included in the final price of goods and services by businesses, and is thus not apparent to consumers. Table of Contents Expand. The information provided on the Site is for informational purposes only, and it does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Cost-benefit ratio : When comparing the cost-benefit ratio of Bitcoin vs Ethereum fees for small transactions, Ethereum often offers a more favorable option due to its lower fees. BTC and ETH are both digital currencies, but the primary purpose of ether is not to establish itself as an alternative monetary system but to facilitate and monetize the operation of the smart contract, dApps, and any other blockchain solution that can be thought of.