Based on the framework of the previous blog and dimensions, we can compare standard cryptocurrencies with Ethereum. The characteristics of bitcoin and cryptocurrencies can be seen on the following picture:
And similarly the characteristics of Ethereum can be seen on the following picture:
Comparing the two frameworks, we can see there are differences in two areas. On the one hand, Ethereum provides a much bigger transaction semantics, as it is possible to formulate general Turing complete smart contracts. On the other hand, Ethereum provides a better performance on consensus mainly because of the modified GHOST / Casper conensus algorithms. As Bitcoin is capable to process 4-7 transactions per second and the average block confirmation is 10 minutes, Ethereum is capable to process around 15 transaction per second and the processing time for a block is around 12 second.
