Thursday, December 8

The emergence of a comparison between the ETH blockchain and the BTC blockchain occurred after it was estimated that the ETH blockchain generates blocks faster than its competitor, even with a 99% compliance rate. The current average is 13 seconds per block, resulting in hundreds of blocks being validated per hour.

99% is a significant increase from what the ETH blockchain currently has. The percentage of OFAC-compliant blocks is 77.82%, allowing for the inclusion of a single non-compliant transaction every 7 minutes. There is an absolute claim that there is no counterargument to the presented argument.

The legitimacy of Bitcoin blocks has been questioned, however, as many feel that the ETH blockchain will certainly outperform the competitor by a substantial margin. Justin Bons’s statement in support of the BTC blockchain has put an end to this notion.

Justin serves as the CIO of Cyber Capital. According to his comments, the BTC blockchain may require more than 60 minutes to process blocks, whereas the ETH blockchain has set a record of 13 seconds. In contrast to the ETH blockchain, the BTC blockchain has never exceeded 12 seconds in the last quarter, keeping everything under control.

According to Akiba.lens, BTC can take hours, but this is an outlier. Akiba.lens acknowledged that incorporating transactions in record speed while having 99.9% OFAC-compliant validators is really super impressive.

The argument tilts in favor of BTC due to the fact that the average time for the blockchain will be better if ETH reaches 99% compliance. The fact that ETH is a censorship-resistant network is still debatable. While the dispute continues, it is certain that the ETH blockchain with 99% OFAC compliance can rarely surpass the BTC blockchain.

With an additional three minutes added to the clock, production may exceed three hours by a significant margin.

I mean, it *can* take hours on BTC, but that’s an outlier, Akiba.lens said on Twitter. It is uncommon for BTC to break new ground in order to take more time for production while keeping its average value under control. This is precisely where ETH goes for a toss, and the claim that it will be faster is challenged for authentication.

BTC and ETH stay under control regardless of the circumstances. It becomes a concern when the compliance spreads to Aave, 1 inch, and Uniswap. It is estimated that if the trio becomes a part of a 1% settlement, then there will be some serious network issues as the time will rise to 3 hours.

ETH is currently at 77.82%. with a potential of increasing to 99% soon. While the estimates have been published, the final outcome will be determined only after implementation.


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