3 ms·
Current fees are very high: eth $81!, Bitcoin $2.78 Time to confirmation varies from 300-600 seconds compared with ~ 1-3 seconds on traditional networks. I’m
by grey-area 5y ago
Current fees are very high: eth $81!, Bitcoin $2.78
Time to confirmation varies from 300-600 seconds compared with ~ 1-3 seconds on traditional networks.
I’m afraid it is neither cheap nor easy.
- keymone 5y ago0 fees on bitcoin with lightning. confirmation as fast as your internet latency. no tradeoff in security or underlying asset - it's still bitcoin.
- pcthrowaway 5y agoThere are other blockchains without those issues. I'm not naming names but if you care to research the space at all you'll find many, with various strengths and tradeoffs.
- TimJRobinson 5y agozksync, Optimism, Arbitrum, DyDx, Loopring are all available now, have instant confirmations, and cost <$1 for transactions. They are layer 2's on top of Ethereum. This is why Visa and other major financial firms are building on Ethereum.