Cryptocurrency Q&A
Is Ethereum faster than Bitcoin?
Is Ethereum faster than Bitcoin?
CryptoSavant
Tue Feb 11 2025
|
5
answers
1267
I'm curious about the speed comparison between Ethereum and Bitcoin. Specifically, I want to know if Ethereum is faster than Bitcoin in terms of transaction processing and confirmation times.
5 answers
Daniele
Thu Feb 13 2025
Specifically, an ETH transaction is typically confirmed within seconds, which stands in contrast to BTC transactions that may take several minutes to be verified.
Was this helpful?
346
83
henry_rose_scientist
Thu Feb 13 2025
Moreover, the consensus mechanisms employed by these two cryptocurrencies are fundamentally different.
Was this helpful?
119
45
Alessandro
Thu Feb 13 2025
Bitcoin relies on proof-of-work, a process that involves solving complex mathematical problems to validate transactions and add new blocks to the blockchain.
Was this helpful?
237
71
Lucia
Thu Feb 13 2025
One of the primary distinctions between Bitcoin (BTC) and Ethereum (ETH) lies in their block time.
Was this helpful?
290
25
Riccardo
Thu Feb 13 2025
Conversely, Ethereum utilizes proof-of-stake, a method where validators stake their own ETH as collateral to participate in the consensus process and validate transactions.
Was this helpful?
275
24
