So it means a big dangerous for ethereum if all of ERC20 moves to the Binance chain because this will makes Ethereum down deeper and perhaps, people will move from Ethereum to Binance Chain. The ethereum teams need to solve this if they want to be the main base on the ERC20 and I hope that the update, it will help Ethereum back again.
When a new technology comes out, it will make the old one become "old," and they need to do extra hard work to compete with the new one. Making innovations will better the old one as it will give them a new chance to compete. But they need to have an agreement in their internal teams because that is the important things that they can do to get one voice to make the project bigger than before.
So we will see a competition between Ethereum and Binance if Binance chain can prove it's faster than Ethereum then the situation for the future will change, and we will see a newcomer that can beat Ethereum. It still a long journey for both Ethereum and Binance and it is interesting to follow the journey itself.
I don’t see how their competition will benefit me because if ethereum does to take care and improve in their own technology too, a lot of ETH holdlers will end up suffering it, in as much as every business stands on their own and after profit, I don’t think it was the best time for Binance to roll out their technology considering the fact that lots of investors in ETH might lose their money if everyone start migrating from ECR20 to Binance chain.
Yes, I know people will tend to invest in BNB but before an investor conclude in investing in BNB, its price would have gone above what a small investor can afford thereby limiting the BNB community too.
