Comparing the Ethereum ETH project to Bitcoin Cash BCH might sound a bit odd since the two projects appear to have nothing in common except the fact that both BCH and ETH represent digital assets within prominent blockchain-based projects.
Both currencies reside on the top 5 list of all cryptocurrencies, Bitcoin Cash taking the 4th spot and Ethereum being ranked as the 2nd biggest crypto in accordance with its market cap.
What is being compared in this case is the potential that both of these projects undeniably possess: Bitcoin Cash representing probably the most successful Bitcoin fork and Ethereum representing the largest smart contract network to be made to this date.
One is for certain: both projects have great ambitions in the terms of establishing autonomy in the crypto market in the terms of offering the most superb software and the most efficient payment method.
Bitcoin Cash BCH and Ethereum ETH Stats Comparisons
Ethereum ETH was issued and officially introduced to the growing crypto community back in 2015, years after Bitcoin was initially launched by the anonymous hacker or a group of hackers going under the name Satoshi Nakamoto, which soon became the synonym for the “father” of the blockchain.
Bitcoin Cash BCH was launched two years later at the beginning of August as a hard fork derived from the original crypto, Bitcoin. Ethereum does have an advantage of two years in this case, alongside with having the status of the biggest smart contract platform and the second-best currency.
In accordance with the information provided by SFOX, Bitcoin trading platform for advanced BTC trading, Bitcoin Cash was able to process an average 0.11 transaction within a second in oppose to 2.53 transactions made with ETH within the same time frame in August of 2017 when Bitcoin Cash was first released.
During the same period, Ethereum has had a block production of 170 blocks per hour, while BCH was able to generate 6 blocks per one hour. However, fees taken during transactions were almost ten times higher with Ethereum, having BCH taking average fees of around 0.018$ and ETH taking 0.11$ per transaction.
Almost a year later, at the end of June of 2018, SFOX made another comparison and although the average results were different for both currencies, at the end Ethereum was leading in block production as well as in the number of transactions made per one second. Still, transaction fees are still lower with Bitcoin Cash.
That is how in 2018, Ethereum is able to process an average of over 8 transactions per one second, while BCH can process approximately 0.18 TX per second producing 7 blocks per hour in oppose to Ethereum producing nearly 250 blocks within the same time frame.
However, Bitcoin Cash seems to be winning in the terms of almost 10 times lower fees and having higher median transaction volumes in 2018.
As BCH showed 0.33$ median transaction volumes in oppose to Ethereum’s 43$, almost a year later Bitcoin Cash is 89$ in median transaction volume, showcasing a significant growth, as ETH plummeted in this area with 0.014$.
Ethereum against Bitcoin Cash: Use Case, Transactions, and Flexibility
Still feeling like comparing apples to oranges, Ethereum and Bitcoin Cash have frankly different visions for their projects. Bitcoin Cash was forked with the objective of having a fast and secure, while also cheap payment method that would run on blockchain technology.
Ethereum, on the other hand, makes up for one of the most popular platforms that allow developers t take advantage of the flexibility of the network in form of creating and deploying decentralized applications through smart contracts operations.
That is how ETH platform allows deployment and utilization of games like Crypto Kitties, alongside with many different applications for different enterprise and personal purposes, also representing a payment method and a way of transacting.
Bitcoin Cash in oppose to this case is made in a rather primitive programming language so it can be easily replicated thus making it vulnerable to fraudulent activities in a way. So, while BCH is posing as another payment method as its only objective as a project, Ethereum is creating a massive blockchain driven supercomputer that allows users to host anything from social media networks and games to utilizing smart contracts for different operations.
Regarding the number of transactions on a daily basis, although the median transaction volumes have spiked up for BCH in the course of the last year, Ethereum is still leading with the number of transactions.
ETH approximately has over 700,000 transactions per day, while Bitcoin Cash usually has around 13,000 TX in a single day, showing that despite having its value dropping significantly for the past 9 months, Ethereum still makes up for a more favorable choice for transactions than BCH, even despite the fact that Bitcoin Cash has 85% lower fees.