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You can use Ethereum for the same purpose. The transaction fees for sending Ether in a reasonable amount of time stands at sub $5. To send the same amount in th
by BlackInkstoan 6y ago
You can use Ethereum for the same purpose. The transaction fees for sending Ether in a reasonable amount of time stands at sub $5. To send the same amount in the same time on Bitcoin's network is higher. Ethereum's high fees mainly hinder smart contract usage, which, depending on the complexity of the contract, may incur up to hundreds if not thousands of dollars at current gas prices.
- kmmlng 6y agoTransaction fees appear to be significantly higher than $5 at the moment (see e.g. https://www.coindesk.com/ethereum-transaction-fees-hit-record-highs-as-ether-defi-coins-soar https://www.coindesk.com/ethereum-transaction-fees-hit-recor...).