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Bitcoin vs Ethereum: Which has More Potential in 2024?
Bitcoin Vs Ethereum Charts: Transaction Fees and Active Addresses. Want the latest data on spot bitcoin ETFs? See our charts here. Bitcoin fees tend to be higher due to the network's higher demand and limited block space, making it less economical for smaller transactions. Every cryptocurrency has transaction fees built into their basic operating structure.

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In general, there are three components to Ethereum transaction fees: Gas units limits : The gas limit refers to the maximum amount of gas a user is willing to pay for a transaction. Basics of Ethereum and Bitcoin. To better understand the impact of network congestion on Bitcoin fees, consider the following factors: Number of pending transactions : The higher the number of pending transactions, the more congested the network becomes, leading to higher fees. Note For both Bitcoin and Ethereum, you may be able to reduce the processing time for a transaction by paying a higher fee.