Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain

GregH37

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Quote from: wuvdoll on May 02, 2019, 04:09:02 AM

I think the IEO is just way to early to call the winner here, I know ethereum is the leader right now and even today they are getting more funding than any IEO because of the total combined instead of just one but IEO has to really work hard and get much more coins to actually have a shot at the coin offering standard.

Right now it all depends on binance and you can't just put like a new coin offering out every week, at best you can do maybe one a month or twice a month and even that is too much which binance can't hold too long if the volumes are horrible. Whereas ethereum could allow you to go to any exchange you want right away, isn't there ethereum ICO that has been on binance before? There has been son IEO is not the only way and I doubt it will surpass ICO and eth anytime soon.

If Binance really wants to go ahead of Ethereum with their newly launched chain, they must be ready to bend some of their rules that is being entertained by ethereum. The concept of IEO is to kick against bad projects that we have and they are strictly following that which will make their IEO get less coins that will register on their chain.

Ethereum on the other hand can entertain scammers and all source of bad guys to use its chain which they don’t care much about whoever it affects, that is the only reason why I believe Binance will not beat ETH hands down, but if they bend their rule, it won’t take them more than 6 month to remove ETH from its position.

bitgolden

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Quote from: creeps on April 30, 2019, 08:16:21 AM

Quote from: KeikoSimone on April 28, 2019, 08:36:25 PM

Quote from: milewilda on April 21, 2019, 02:12:49 AM

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

It might be too slow right now but I expect ETH to do more better. There will be a new upcoming upgrade with ETH and it can be a good reason for an ERC20 token to stay with ETH blockchain. Well, its their choice after all maybe those 4 ERC20 tokens needs more exposure in the market and put their coin where the hype is high is good strategy.

Yes, it is there choice to continue to stay top in the market, otherwise they should give their position up to others rendering same service if they are not ready to adjust or improve. The last upgrade that was done by them, I really expected heaven an heart as regards their services and thinking they would use the opportunity to resolve many of the complaints they have, but there was no effect of the Constantinople upgrade.

What assurance do we then have that another of their upgrade will make any more meaning, Binance has already solve the problem they have failed to resolve and I am begging to see people go on Binance chain.

wuvdoll

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Quote from: Kevin77 on April 30, 2019, 12:08:41 PM

I think the point is there is at least someone challenging ethereum for good now. I know tron and neo and eos and what not all tried some sort of ways to pick out on ethereum (either ICO or dapp or whatever) and ethereum is still strong as always but with this binance IEO thing as well I do not think it will stay strong too much.

I think the IEO is just way to early to call the winner here, I know ethereum is the leader right now and even today they are getting more funding than any IEO because of the total combined instead of just one but IEO has to really work hard and get much more coins to actually have a shot at the coin offering standard.

Right now it all depends on binance and you can't just put like a new coin offering out every week, at best you can do maybe one a month or twice a month and even that is too much which binance can't hold too long if the volumes are horrible. Whereas ethereum could allow you to go to any exchange you want right away, isn't there ethereum ICO that has been on binance before? There has been son IEO is not the only way and I doubt it will surpass ICO and eth anytime soon.

Jating

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Probably cons will be Binance chain is centralize as far as I know and this is a big no-no for those projects who wanted more anonymity or their project is centered around decentralization.

However, Binance has its advantage as well, being one of the fastest per block right now. So there is pros/cons so ICO should really weight it out before deploying their project in any mainnet.

el kaka22

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This is basically fight of the pros and cons of both coins actually.

Ethereum itself may "look" slower but the reality is ethereum can hold on so much stuff and can do so much stuff and also still have so much volume that it is totally understandable why it is slower than binance chain.

Moreover, binance has its own exchange as well. So right now it depends on what they are fighting about, if its the spot at marketcap than binance coin will not be as good as ethereum for a long long time but if they are fighting for which chain is better for next ICO/IEO than binance could win that since they decide who will be published and they can pick the best ones and leave the worst ones to ethereum since there is no central organism to control which ones go to ethereum blocks.

milewilda

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Quote from: creeps on April 30, 2019, 08:16:21 AM

Quote from: KeikoSimone on April 28, 2019, 08:36:25 PM

Quote from: milewilda on April 21, 2019, 02:12:49 AM

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

It might be too slow right now but I expect ETH to do more better. There will be a new upcoming upgrade with ETH and it can be a good reason for an ERC20 token to stay with ETH blockchain. Well, its their choice after all maybe those 4 ERC20 tokens needs more exposure in the market and put their coin where the hype is high is good strategy.

This is also my view on where these 4 erc20 tokens do tend out to switch just for them to be dragged on the current Hype of Binance Chain and might really give some traction or demand with their tokens
but i dont think it would be a worthy shot.

Quote from: nik009 on May 01, 2019, 01:41:22 AM

This time around, the first step is to define what is the competitor? Binance Chain does not presently have smart contracts, it becomes meaningless to treat it as a competitor

Well said but as said above and been trying to fight for is about that Binance chain 1 second block time and 1 second confirmation.

nik009

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This time around, the first step is to define what is the competitor? Binance Chain does not presently have smart contracts, it becomes meaningless to treat it as a competitor

Kemarit

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Quote from: KeikoSimone on April 29, 2019, 01:44:17 PM

BNB not competing with Ethereum Chain
BNB is a simple chain, where as Ethereum having smart contracts.. mostly ethereum competitors are EOS, NEO, ICX, Tezos, ETC, TRON

But this BNB chain will bring revolution to the crypto world. 1 second block time and 1 confirmation is a killer..

everyone knows the pain of transferring btc to exchange or making payment with btc and waiting for sweet 20-30 mins.

5 tokens already switched to binance chain. MITH, NOW, ATOMIC, Redpulse Phoenix, Spendcoin & 7 more tokens from ETH chain will move to BNB chain.

And another one, Gifto (GTO)

https://medium.com/@gifto/mass-adoption-token-meets-mass-adoption-chain-gifto-migrates-to-binance-chain-af8cf906e13a

And it's interesting that ther reason they give is that they wanted a fast network. How about security though, how secure is Binance Chain? I haven't read all about this revolutionary technology in detail and all I heard is that it's really fast. But what if the network gets clogged when majority of ERC20 tokens moves? Can it still handle workloads?

Kevin77

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I think the point is there is at least someone challenging ethereum for good now. I know tron and neo and eos and what not all tried some sort of ways to pick out on ethereum (either ICO or dapp or whatever) and ethereum is still strong as always but with this binance IEO thing as well I do not think it will stay strong too much.

After all, if we are looking at it technically than ethereum could still be better way to do an ICO and that is fine however binance has the tech (better or worse) and the exchange which means they have the power to list a coin on its first day which will make people interested in that coin a lot more and I think that is what ethereum is lacking and that is why binance chain could be a lot bigger than the ethereum ways of the past.

creeps

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Quote from: KeikoSimone on April 28, 2019, 08:36:25 PM

Quote from: milewilda on April 21, 2019, 02:12:49 AM

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

It might be too slow right now but I expect ETH to do more better. There will be a new upcoming upgrade with ETH and it can be a good reason for an ERC20 token to stay with ETH blockchain. Well, its their choice after all maybe those 4 ERC20 tokens needs more exposure in the market and put their coin where the hype is high is good strategy.

beerlover

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Quote from: Barbut on April 29, 2019, 02:30:41 AM

Just in case I have bnb and eth, and for those who dont know what to do, I suggest investing in both. About the future, I dont think that bnb can overtake ethereum, some people like decentralized ethereum and Vitalik, on other side CZ and bnb are new on the market, and lets not get carried away with their quick success, time needs to pass for them to establish what ethereum already have.

It is possible for Bitcoin to supersede ethereum if they don’t also work to improve their chain services, major thing I have been hearing people seek for in Ethereum, is the speed and security, this is one complain that I feel Bitcoin too advantage on to better their own system by providing solution to it which many people have seen.

Once people starts getting use to the BNB chain speed and reviews comes out on different media, gradually, people will start shifting their attention to migrating to BNB chain for the existing ones, while the new ones will basically develop their project using BNB chain.

KeikoSimone

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CZ is really smart to not go with smart contract race and target max customers

KeikoSimone

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this is a long term hold Coin

KeikoSimone

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BNB not competing with Ethereum Chain
BNB is a simple chain, where as Ethereum having smart contracts.. mostly ethereum competitors are EOS, NEO, ICX, Tezos, ETC, TRON

But this BNB chain will bring revolution to the crypto world. 1 second block time and 1 confirmation is a killer..

everyone knows the pain of transferring btc to exchange or making payment with btc and waiting for sweet 20-30 mins.

5 tokens already switched to binance chain. MITH, NOW, ATOMIC, Redpulse Phoenix, Spendcoin & 7 more tokens from ETH chain will move to BNB chain.

Barbut

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Quote from: futureofeth on April 29, 2019, 01:43:09 AM

Quote from: HellDiverUK on April 20, 2019, 06:27:07 PM

Quote from: KeikoSimone on February 14, 2019, 03:08:35 AM

Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain

https://www.youtube.com/watch?v=EIlbnc7iQwU

I think this dex project gonna have bright future if token thats move to binance chain is not shitcoin, they have more selective in project or ICO that joined binance launch platform

Yes, Binance chain is very serious blockchain which they are going to keep some restrictions in the market with active developments from the team. So we have to wait for and see how far this Binance chain will help the investors to safeguard their investments. As of now, they are very selective for listing IEO on Binance launchpad, for its future we have to wait and see how far it is beneficial to the investors.

Just in case I have bnb and eth, and for those who dont know what to do, I suggest investing in both. About the future, I dont think that bnb can overtake ethereum, some people like decentralized ethereum and Vitalik, on other side CZ and bnb are new on the market, and lets not get carried away with their quick success, time needs to pass for them to establish what ethereum already have.

futureofeth

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Quote from: HellDiverUK on April 20, 2019, 06:27:07 PM

Quote from: KeikoSimone on February 14, 2019, 03:08:35 AM

Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain

https://www.youtube.com/watch?v=EIlbnc7iQwU

I think this dex project gonna have bright future if token thats move to binance chain is not shitcoin, they have more selective in project or ICO that joined binance launch platform

Yes, Binance chain is very serious blockchain which they are going to keep some restrictions in the market with active developments from the team. So we have to wait for and see how far this Binance chain will help the investors to safeguard their investments. As of now, they are very selective for listing IEO on Binance launchpad, for its future we have to wait and see how far it is beneficial to the investors.

Yaunfitda

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Quote from: KeikoSimone on April 28, 2019, 08:36:25 PM

Quote from: milewilda on April 21, 2019, 02:12:49 AM

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

Sorry but I'm not familiar which 4 ERC20 tokens have switched to Binance chain, so it's interesting. I think Binance one advantage though that projects are looking is that it's one of the top exchanges right now, so they have a backing, but this sort of centralized everything in my opinion.

Although four is not a good indication that others may follow though. Ethereum still enjoy the support of the community and projects so it's going to be difficult for them to simply switch.

KeikoSimone

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Quote from: milewilda on April 21, 2019, 02:12:49 AM

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

milewilda

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It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

HellDiverUK

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Quote from: KeikoSimone on February 14, 2019, 03:08:35 AM

Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain

https://www.youtube.com/watch?v=EIlbnc7iQwU

I think this dex project gonna have bright future if token thats move to binance chain is not shitcoin, they have more selective in project or ICO that joined binance launch platform

Topic: Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain (Read 627 times)