LogFAQs > #881330631

Sativa_Rose posted...

Can you shed some light on the advantages that ETH has over BTC? I've heard that BTC transaction times have been going up, and that there's no way to really do anything about it because of the way the underlying technology is designed. If this is true, and ETH has a huge technology advance because of it, then I think that is a huge deal.

Bitcoin's issues with transaction times can and are being addressed by the upcoming Segwit decision. Segwit stands for segregated witness it's a change to the Bitcoin blockchain code to allow for better transaction speed and block size. That being said Ethereum does have many technological advantages to Bitcoin but Bitcoin has first mover's advantage as well as name recognition and much wider adoption.

Also ETH and BTC are not necessarily directly competing. Bitcoin's blockchain and Ethereum's blockchain have different purposes and capabilities. I'm not even going to begin to go into them on a gamefaqs post you gotta do your own research.

Ethereum was not built to be a currency or store of value it was built to be used as the fuel for development and consumption of applications and contracts on the public Ethereum blockchain. You probably have no idea what that sentence even means if you don't understand Ethereum. Google is your friend there's just too much info for me to get into because there's so much to say.
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