3 ms·
Bitcoin is the gateway into crypto. Check the marketcap, and all the pairs are tied to BTC on most major exchanges. It's also the most secure and has the larges
by companyhen 6y ago
Bitcoin is the gateway into crypto. Check the marketcap, and all the pairs are tied to BTC on most major exchanges. It's also the most secure and has the largest community. It's use case is different than Ethereum's.
- CryptoPunk 6y ago>>It's also the most secure and has the largest community. Ethereum's mining fees exceed Bitcoin's: https://cryptofees.info/ https://cryptofees.info/ That would mean it has better long-term security prospects than Bitcoin, as security is proportional the revenue earned by validators.
- alexmat 6y agoThat's misleading. If you factor in mining rewards, Bitcoin has much higher fees per transaction. A total of $18,000,000 more per day spent on validating Bitcoin transactions than what that website claims.
- CryptoPunk 6y agoIn the case of Bitcoin, mining rewards decline geometrically, at a rate of 50% every 4 years. Mining fees are what any cryptocurrency with an inflation rate that rapidly declines to zero/close-to-zero depends on for security on any appreciable time scale. That's why I said that Ethereum's long-term security prospects are better. Its mining fees have exceeded Bitcoin's and with the multi-pronged efforts to further scale Ethereum - that are vastly more promising than Bitcoin's - there is a high likelihood of these fees further increasing their gap with Bitcoin's.