Bitcoin Cash vs Ethereum - How Consumers Choose Blockchain

Bitcoin Cash has been gaining a lot of popularity among the consumers. As it helps them on various POS at a low transaction cost. It's sidechain SmartBCH also has gained the likeness among many.

How does Bitcoin Cash fares in comparison to the Ethereum chain? How do consumers use both chains? Let's discuss the same.

I wanted to have this discussion for long time. I know we can't compare the Bitcoin cash and the Ethereum, face to face on code and the solution side.

As technically Etheruem is superior on that count. And BCH had to create the smartBCH in order to offer similar features.

So instead of making the technical comparison, I thought I should limit the discussion to the only point which concern the average people who choose to use the coin as a currency.

Like you want the coin to spend somewhere online or offline. In that case you can use the BCH for cheap cost but how does Ethereum fare, can you use it at all a normal consumer?

Transaction Per Second (TPS)

Let's discuss how quick are the transactions for consumers. In case of the bitcoin cash, the transaction takes around 92 TPS. In case of the Ethereum the transaction takes a bit less than the BCH around 15 TPS.

You can check the source for information.

So the next time you want to send your money quickly to your friends or parents, you know which chain to choose and how quickly it would go to their wallet.

Transaction Cost (Cost)

How much does each transaction cost in case of BCH and Ethereum? How much cheaper are these transactions? So let's see based on the Ycharts. The current cost of the Ethereum transaction is -3.769 USD.

You can check the source for information.

In case of the bitcoin cash, your per transaction cost varies. Yet the average can be around - $0.0069 USD. You can check this for information.

POS Availability

Bitcoin cash thrives in the POS points and also it is one of the benefit being low cost and the quicker transaction makes it a must have option for the small business.

In comparison Ethereum is only limited to the online and expensive POS where the cost per transaction can be adjusted in the transactions.

You can check out the places where Bitcoin cash is being accepted.

Cent to Dollar Transaction

Can you send the 1 dollar to another user or friend using Ethereum? Oops, you can't. And so let's ask BCH the question if it can send the 50 cent or 10 cent to the other people? Answer is yes.

The blockchain can send small transactions easily without charging much to the user.

Imagine you want to buy 1 dollar worth of ice cream. Even with stable-coin of Ethereum, you would be struggling on the fees. Even polygon would end up costing you a lot of money.

Then comes the Bitcoin cash which can be useful in case of the small amount of the transactions.

Niche User of Chain

Who is the right user to use the Ethereum? I think Ethereum with it's high cost and the high maintenance.

It's only suitable for the rich people who want to burn the money on blockchains and want to burn their profit along the trail.

In case of the Bitcoin cash, it can be suitable for anyone who wants to use it for cheap transactions, quick sending and also secure sending.

People choose blockchain because they want low cost and faster transaction. You can not get the same out of the Ethereum.

You have to either use other stablecoins off the Ethereum or choose layer 2 solutions on Ethereum to achieve that output.

Conclusion

Let me ask you a question. Which chain would you choose?

You have bitcoin cash that is cheap, quick and also secure. You can even send 1 dollar worth of transactions with cheaper fees.

Now you have another chain that is expensive per transaction cost, the transactions are also slow, you also dont have option to pay low amount without going through issue of fees.

So as a consumer who wants to use cash on the online shops and the places. Which blockchain would you choose? Bitcoin Cash or Ethereum?