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Most broadly of all, this research paper estimates that the global black market is equal to about 20% of global GDP, or about $15 trillion annually. If we imagine right now that 10% of the global black market economic activity occurs in Bitcoin and nobody else uses Bitcoin, it would mean $1.5 trillion in goods/services is exchanged Bitcoin per year, which would be immense.

The average time taken on Bitcoin for mining a block is 10 minutes, whereas on Ethereum it is 12 to 15 seconds. As of today, the mining reward for Bitcoin is 12.5 bitcoins; for Ethereum it’s three ethers plus the transaction fee—the cumulative transaction fees of all the transactions of a block.

Most broadly of all, this research paper estimates that the global black market is equal to about 20% of global GDP, or about $15 trillion annually. If we imagine right now that 10% of the global black market economic activity occurs in Bitcoin and nobody else uses Bitcoin, it would mean $1.5 trillion in goods/services is exchanged Bitcoin per year, which would be immense.

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Ethereum’s transactions run on smart contracts and look like this: Send 10 ETH (Ether) from Jade to Pete if Jade’s balance is 15 ETH and the date is 12.01.2020. So, Bitcoin’s transactions are manual and Ethereum’s transactions are automatic / programmable! The Speed of the Transactions Ethereum’s block time (transaction speed) is just seconds.