Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: steve1983 on March 22, 2018, 07:23:55 AM

Title: ETH has very much complicated transaction?
Post by: steve1983 on March 22, 2018, 07:23:55 AM
Do you agree that eth gas limit and all the stuff makes the eth to stay on the third number than bitcoin?
Should it will require to change the transaction type of eth?
Title: Re: ETH has very much complicated transaction?
Post by: Domithra on April 05, 2018, 10:37:30 PM
Quote from: steve1983 on March 22, 2018, 07:23:55 AM
Do you agree that eth gas limit and all the stuff makes the eth to stay on the third number than bitcoin?
Should it will require to change the transaction type of eth?
The issue of transaction is with Bitcoin too. The gas is there to determine the specific speed with which it needs to pass a certain block. The higher the gas set, the faster the transaction and i don't know what makes this complex to you.
Title: Re: ETH has very much complicated transaction?
Post by: Thadeous on April 06, 2018, 03:24:05 AM
Quote from: steve1983 on March 22, 2018, 07:23:55 AM
Do you agree that eth gas limit and all the stuff makes the eth to stay on the third number than bitcoin?
Should it will require to change the transaction type of eth?

In my opinion Ethereum transaction price formation is really simple, it just takes time to understand what are GAS and GWEI and how to calculate transaction actual price. I use MEW and it advices me with amount of GAS after I enter destination ETH address.
Title: Re: ETH has very much complicated transaction?
Post by: ach64 on April 09, 2018, 12:38:11 AM
I don't think so. Transaction of ETH is quite simple
Title: Re: ETH has very much complicated transaction?
Post by: jdcruz1412 on April 12, 2018, 05:26:21 PM
Quote from: steve1983 on March 22, 2018, 07:23:55 AM
Do you agree that eth gas limit and all the stuff makes the eth to stay on the third number than bitcoin?
Should it will require to change the transaction type of eth?

The eth gas limit is the transaction fee of Ethereum which is in gwei and somewhat similiar to satoshi per byte transaction fee of bitcoin. I think that what you meant by "and all the stuff" are smart contracts, which is what differentiate ethereum from bitcoin in terms of use cases.