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RE: Bitcoin VS Ethereum | Data On Wallets, Transactions, Fees And Market Cap | October 2022

in #btc2 years ago

I have heard of the bitcoin and ethreum comparison several times. Understanding crypto has always been challenging for me.
I have a question. Is high transaction fee a positive attribute for a coin? I mean the lowering in the fee for ethreum adds to its value or decreases the value?

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Is high transaction fee a positive attribute for a coin? I mean the lowering in the fee for ethreum adds to its value or decreases the value?

There is no simple answer to this. High fees mean there is a demand for the blockspace for the chain, that can be seen as good. On the other hand the very high fees means the blockchain is not scalable and can not be used from the masses, but only from the high ranking players, basically forcing intermediaries ... pro and cons :)

Thanks for the explanation. It made me understand the scenario