⚡Blockchain: Network cost equal to speed and security⚡

🔸Network speed and cost on #Blockchain depend on the type of network, the consensus algorithm, user demand and the complexity of the transactions. In general, public networks like#Bitcoinand#Ethereumhave lower speeds and higher costs than private or hybrid networks, because they require greater security and decentralization.

🔸However, there are solutions to improve the performance of public networks, such as the use of secondary layers, side chains or payment networks. Some examples of network speed and cost on #Blockchain are:

✍🏻Bitcoin: the average transaction confirmation speed is about 10 minutes, and the average network cost is about 0.0005 BTC.

✍🏻Ethereum: the average speed is about 15 seconds, and the average cost is about 0.008 ETH, it is measured in gas units, which depend on the complexity of the operation.

✍🏻Bitcoin Cash: the speed is about 10 minutes, and the cost is about 0.00001 BCH, it is a fork of#Bitcointhat increased the block size to reduce fees and improve scalability.

✍🏻Avalanche: the speed is less than a second, and the average cost is about 0.00001 #AVAX/USDT is a public network that uses an innovative consensus algorithm based on random sampling and fast voting.

✍🏻Polygon: the average speed is about 2 seconds, and the average cost is about 0.00001 #MATIC🔥🔥 a hybrid network that connects with#Ethereumand offers a scaling solution using sidechains and plasma networks.