Higher OFAC compliance may reduce block time for ETH’s latest blockchain and cryptocurrency news
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% match 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 has today. The percentage of OFAC-compliant blocks is 77.82%, allowing for the inclusion of a single non-compliant transaction every 7 minutes. It is an absolute statement that there is no counterargument to the argument presented.
However, the legitimacy of Bitcoin blocks has been questioned, as many feel that the ETH blockchain will certainly outperform its competitor by a significant margin. Justin Bons’ 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 can take more than 60 minutes to process blocks, while the ETH blockchain has set a record of 13 seconds. Unlike 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 recognized that incorporating transactions at record speeds while having 99.9% OFAC compliant validators is truly super impressive.
The argument tilts in favor of BTC due to the fact that the average time of 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 another three minutes added to the clock, production could exceed three hours by a significant margin.
I mean, it *could* take hours on BTC, but that’s an outliersaid Akiba.lens on Twitter. It is unusual for BTC to break new ground to take more time on production while keeping the average value under control. This is precisely where ETH comes into play, and the claim that it will go faster is challenged for authentication.
BTC and ETH stay under control regardless of the circumstances. It becomes a concern when compliance spreads to Aave, 1 Inch and Uniswap. It is estimated that if the trio becomes part of a 1% settlement, there will be some serious network issues as the time will rise to 3 hours.
ETH is now at 77.82%. with a potential to increase to 99% soon. While the estimates have been published, the final result will be determined only after implementation.