Topic: Binance Smart chain ( BSC) VS Ethereum (ERC-20) (Read 467 times)
One of the main reason to have a novel project is to improve on the already existing similar project and I think that is what the BSC has done. I do not think they just thought about the POS in just a day but constant studying of the blockchain network has given them reason to get to where they are now. We all love ETH but at the present moment, it is not sustainable to transact on ETH blockchain especially if you are the type that does not hodl a thousand of dollars of ETH. Sometime, I find out that you might end up paying much on gas fee compare to the actual amount you wanna send. It is totally not making any sense
I used to think the binance smart chain would be a better solution and a stiff competitor to the ethereum chain.
but it has just become a trend in the market now that BSC has a project scam that brings large amounts of money to their members.
The same cycle is happening with BSC now after the scammers cant afford to create the contract to fool others. but it has just become a trend in the market now that BSC has a project scam that brings large amounts of money to their members.
BSC is just the one of the best solution but there are lots of similar platforms with BSC already exist in the market. Since BSC was a centralized exchange site and CZ could make the smartcontract issuance become even strict than before. We will see after so many scam cases happened with BSC and what decision will be taken by CZ.
BSC has demonstrated the ability to quickly adjust to market sentiment. It is a good platform to trade using DeFi without paying huge fees. There are many benefits in Binance Smart Chain, this platform brings benefits to many users. But BSC cannot be compared to Bitcoin and Ethereum because they are completely different things.
Those who promote BSC are well aware that today's hype is temporary, Bitcoin and Ethereum want to achieve maximum decentralization, and Binance Smart Chain has no such plans.
Those who promote BSC are well aware that today's hype is temporary, Bitcoin and Ethereum want to achieve maximum decentralization, and Binance Smart Chain has no such plans.
If the scalability will be fixed and then we can predict the result if ethereum will be dominating the smartcontract again. Even with the high fees, the developers and users are still prefering to issue their assets and trade on ethereum ecosystem through the swap service.
It will, Eth 2.0 Will bring more with PoS System which means less hardware power consumption and Shard Chains will increase more TPS Scalability and decrease fee. Same as you said it will bring the real benefits of Ethereum!Binance is truly centralized ecosystem and i don't like it.
Like it or not this is the best Alternative Network at the moment, even so of course there are still more reliable chains like TRON or if you want to keep using Ethereum, especially trading (on DeFi) Maybe you can try to use 1Inch Protocol with it's Layer-2 Protocol ( https://coinmarketcap.com/earn/project/1inch).Let's hope Ethereum 2.0 will be launched globally in near future.
Just imagine, where #ethereum can go when gas fees issue solved properly, its just matter of time.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
I like the way how binance and its smart chain have presented themselves as eth alternative and due to high transaction fee on ethereum they have attracted a lot of business and users on their chain as well. But i agree with the thread started i will still prefer ethereum for the longterm as it is the real deal, real decentralized project with dozens of active developers working on it all the time. 1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
The biggest problem in Eth network is the unreasonable fees, and biggest problem in BNB is Centralized. The only potential coin would beat ethereum is Cardano and Polkadot. It is fast and also fit to DeFi project.
Forget with your coin have lower price above $100 with erc20 platform because you take more than 30$ to pay fees, I think when you coin value only $20 or $30 you just waste your time and pay gas fees without get anything, now have ended the era of erc20 coin because paying higher fees and coin have value under $30 is not worth for selling.
Yes, I understand your idea, but you understand that all the tokens that are in the Ethereum network are trapped, for example, I have a lot of tokens for $ 20-40. There is no way to move them.
The only way for you to move them by adding more ethereum to send your tokens but your token will worth less than the fees that you must have paid that to the network. The token transaction needs almost $15 - $25 for a single transaction and times time it may need more consider the traffic in ethereum network is so crowded. We should wait until everything will be stable again and if the bearish trend will still happen and the fees can sustain even longer. That's why massive migration is happening dude.
Yes, I understand your idea, but you understand that all the tokens that are in the Ethereum network are trapped, for example, I have a lot of tokens for $ 20-40. There is no way to move them.
It's true, the idea that some people have given is good, but everyone at this point can't do anything if their token is still in the ERC20 wallet, because Gas costs are always high even though the Ethereum token price has decreased from yesterday to day this. The only advantage of BSC network is it has low fee which is quite efficient to some users compared to eth blockchain. But in terms application, we can see the eth network as truly a defi ecosystem where not just farming, loan and other types of defi classification can be found. But I give CZ a thumbs up for a well job done on making the BSC network grow like fire. Well that's good that he can maintain pace on a defi ecosystem trending.
CZ really can take momentum of many traders anger because of the high gas fee issue.
I think BSC will still be DeFi platform alternative until Ethereum resolve the high gas fee issue.
I agree with both of you. The BSC network takes momentum from the frustration of the people out of the Ethereum network. But I think it would have been a completely different story had the Ethereum network succeeded earlier in addressing the problems with fees. The BSC network got its value and popularity because of Ethereum's failure. This might change though once the Ethereum network has finally solved the high fees problem.
The obly problem I see in Ethereum blockchain is its expensive gas fee. It is not friendly for microtransactions. I have this one project which I supported almost a few years back, now they will have to rebrand and make a swap. The fees will be more expensive than the current value of the coin I am holdong which makes me really feel bad. I hope that ETH v2.0 will solve this problem or other chains will surely take over their place in the near future.
That is also the only problem I see with Ethereum. Overall Ethereum is one great of a crypto project. It is just right that Ethereum is Bitcoin's silver. Both Bitcoin and Ethereum have made cryptocurrency what it is today. Of course Bitcoin is the one and only beginning of everything and Ethereum just extended the borders of crypto. But look at both of them. They have all very high fees. Does it mean they are a failure? Of course not.
If ethereum 2.0 will go online it will definitely a big boost to ethereum blockchain especially now that many crypto enthusiasts are in the process of shifting from ERC20 to BSC it is very timely if this development and innovation takes place for ethereum platform.
Im not sure about that. The main concern should how how ethereum will be fixing all of the problem that already happened on its chain. So many people were putting very big expectation if ethereum will be fixing it but when the result will not be the same as their speculation and then it could be a disaster for ethereum consider more projects migrate to the another chain and users will be stopping to use ethereum again and that's it. 
Just imagine, where #ethereum can go when gas fees issue solved properly, its just matter of time.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
actually Ethereum is better than Binance smart chain, it's just the gas fees from Ethereum are very high for now, so it's making people annoyed and disappointed with Ethereum, but it also happens because Ethereum blockchain is very widely used by people to make transaction and I'm sure if Ethereum has thought of a solution to make gas fees become low (ETH 2.0), so we just need to wait and be patient until ETH 2.0 is released.
Just imagine, where #ethereum can go when gas fees issue solved properly, its just matter of time.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
Apart from bitcoin I don't know any other coin that is truly decentralized, so i disagree with the part you said Ethereum is truly decentralized cause it's not, same thing for binance smart chain (BSC) it's controlled by binance and CZ, also the only reason why so many people (including me) feel BSC is better at the moment is because of the low gas fees, since ethereum is suffering from high gas fees issues right now, if the ETH 2.0 manage to solve this issue, then I doubt if anyone would say BSC is better than ETH again. 1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
Right now better using binance smart chain coins for sending than using erc20 ethereum platform because have higher fees transaction, but we can't prediction later when BSC have higher price will fee keep going up like erc20 or not. Many coin transfer from erc20 become bsc now to reduce how lower fees transaction, but still any coin keep continue using erc20 although have seen every day how many trader and investor not happy with fees.
Yes, I understand your idea, but you understand that all the tokens that are in the Ethereum network are trapped, for example, I have a lot of tokens for $ 20-40. There is no way to move them.
I honestly like both chains. I also invest and trade on both coin and token chains. The current binance chain will probably be more beneficial to traders and investors as we know for ourselves how the transaction costs of the ethereum chain are increasing. Currently, the popularity of Binance, BNB, the Binance chain is being discussed. they have a great development for us to follow.
Right now better using binance smart chain coins for sending than using erc20 ethereum platform because have higher fees transaction, but we can't prediction later when BSC have higher price will fee keep going up like erc20 or not. Many coin transfer from erc20 become bsc now to reduce how lower fees transaction, but still any coin keep continue using erc20 although have seen every day how many trader and investor not happy with fees.
For the time being we may see big hype in Binance Smart chain ( BSC) because currently ethereum network has a lot of gas fee and new projects will prefer to launch on BSC in order to attract the small investors who do not have funds to spend on the high fee. But in the long run, eth 2.0 will be released due to which the gas fee will be reduced.
Binance Smart chain ( BSC) in NOT the replacement of Ethereum in the long run.
Binance Smart chain ( BSC) in NOT the replacement of Ethereum in the long run.
If ethereum 2.0 will go online it will definitely a big boost to ethereum blockchain
If the scalability will be fixed and then we can predict the result if ethereum will be dominating the smartcontract again. Even with the high fees, the developers and users are still prefering to issue their assets and trade on ethereum ecosystem through the swap service. Ethereum 2.0 will bring back so many benefits to the ethereum holders and that will become a big bet for anyone.
Binance is truly centralized ecosystem and i don't like it.
Just imagine, where #ethereum can go when gas fees issue solved properly, its just matter of time.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
Yeah, any average user won't care so much about this things you mentioned except to see the price pumping, (which is what 99% of users care about) in essence the least thing that could happen to eth is more price increase, if somehow the eth 2.0 was able to fix the high transaction fee thing, good, more dev will use the network and eth price will pump, other chain like bsc will follow behind and end of story.
Totally agreed on all point but the problem about gas fee remains and that's the main reason a lot of people looking for alternatives and they choose bnb although it's centralized. The transaction fee of ethereum is so high if you want to do anything with it, even sending ethereum will cost you $4 per transaction right now and you'll spend more if you are using uniswap, etc. No way i am gonna pay over $10 in fees when the transaction amount itself is about$100.
I hope that ETH v2.0 will solve this problem or other chains will surely take over their place in the near future.
Not sure if the eth2.0 will really solve the problem on gas fee. Also it will take a while before this happened. I am thinking that there are more platforms that will come out that are solving the kind of issues on gas transaction like what Binance smart chain did. But over time these fee on Binance will definitely increases too. So other players may probably step up. The only advantage of BSC network is it has low fee which is quite efficient to some users compared to eth blockchain. But in terms application, we can see the eth network as truly a defi ecosystem where not just farming, loan and other types of defi classification can be found. But I give CZ a thumbs up for a well job done on making the BSC network grow like fire. Well that's good that he can maintain pace on a defi ecosystem trending.
CZ really can take momentum of many traders anger because of the high gas fee issue.
I think BSC will still be DeFi platform alternative until Ethereum resolve the high gas fee issue.
I agree with both of you. The BSC network takes momentum from the frustration of the people out of the Ethereum network. But I think it would have been a completely different story had the Ethereum network succeeded earlier in addressing the problems with fees. The BSC network got its value and popularity because of Ethereum's failure. This might change though once the Ethereum network has finally solved the high fees problem.
The obly problem I see in Ethereum blockchain is its expensive gas fee. It is not friendly for microtransactions. I have this one project which I supported almost a few years back, now they will have to rebrand and make a swap. The fees will be more expensive than the current value of the coin I am holdong which makes me really feel bad. I hope that ETH v2.0 will solve this problem or other chains will surely take over their place in the near future.
If i would choose between ethereum and bsc for long term hold i choose ethereum because it is truly decentralized and i believe they will solve the problem about scalabilty issue but for now i choose bsc because of cheaper fees but i have fear holding bnb for long term because government has the power to stop this if it is centralized.
Exactly, BSC despite all the advantages offered, i'm still not sure whether i'm gonna use that for a long term, right now it's adopted by many because eth fee, but people could ditch like anytime to eth again since anything already available in eth blockchain.and the fact that this kinda centralized is such a deal breaker, most of people gonna reside temporarily in there I guess but eth still the final choice for most of people.
The only advantage of BSC network is it has low fee which is quite efficient to some users compared to eth blockchain. But in terms application, we can see the eth network as truly a defi ecosystem where not just farming, loan and other types of defi classification can be found. But I give CZ a thumbs up for a well job done on making the BSC network grow like fire. Well that's good that he can maintain pace on a defi ecosystem trending.
CZ really can take momentum of many traders anger because of the high gas fee issue.
I think BSC will still be DeFi platform alternative until Ethereum resolve the high gas fee issue.
I agree with both of you. The BSC network takes momentum from the frustration of the people out of the Ethereum network. But I think it would have been a completely different story had the Ethereum network succeeded earlier in addressing the problems with fees. The BSC network got its value and popularity because of Ethereum's failure. This might change though once the Ethereum network has finally solved the high fees problem.
If the ETH developers are just making it happen as soon as possible before this bull run, fees wouldn't be a problem today. But you know what, even if ETH is on its development to 2.0 to solve a lot of things. People today won't think about its attributes with BSC as long as they pay the lowest fee that they can fee and save a lot from it. That's the important matter that's everyone thinking and just ignore the other attributes that you have shown.
All other attributes can be minimized if we are paying high gas fees like what Ethereum is currently charging. Ethereum has become like an inutile platform to me, they know the problem and may have been experienced it themselves, yet they are just staring at it offering no solid and time-bound assurance for all of us. I would gladly be transferring to BSC just for the lower fees, don't care if it is centralized or not. BSC is getting more popular every day and there can be more new projects using it.
Ethereum needs to implement the whole of update to prove it. I do believe there are lots of people have been taking the centralization of binance exchange and its ecosystem as the main concern but they have no choice consider the problem in ethereum network takes a long time to be solved. That makes people will not able to move from ethereum to the binance.
The developers are also thinking about that too.
The developers are also thinking about that too.
Right now, project devs choose to make a project under Binance Smart Chain because of the huge fees of Ethereum right now.
Lets just wait for ETH 2.0 to be released in public then lets see what will happen into it. I don't want to expect too much with ETH 2.0 but if this will be the solution so that the fees will be lowered by that much then I'm pretty sure that there will be more projects that will be done under Ethereum Blockchain.
For now, if you are a supporter of ETH just buy and hold it and wait for ETH 2.0 to be released
. It can be a game changer in terms of DAPPS.
Lets just wait for ETH 2.0 to be released in public then lets see what will happen into it. I don't want to expect too much with ETH 2.0 but if this will be the solution so that the fees will be lowered by that much then I'm pretty sure that there will be more projects that will be done under Ethereum Blockchain.
For now, if you are a supporter of ETH just buy and hold it and wait for ETH 2.0 to be released
. It can be a game changer in terms of DAPPS.
Bigger competitor both coin platform ERC20 versus BSC or Binance Smart Chain because both coin have any feature, exactly for BSC become interesting coins right now because giving lower fees transaction and ERC20 make many trader and investor crazy they have pay high for fees when using ERC20 coin platform. I think if ERC20 keep the same fees right now maybe many trader and ICO investor will choose BSC coin platform.
If the ETH developers are just making it happen as soon as possible before this bull run, fees wouldn't be a problem today. But you know what, even if ETH is on its development to 2.0 to solve a lot of things. People today won't think about its attributes with BSC as long as they pay the lowest fee that they can fee and save a lot from it. That's the important matter that's everyone thinking and just ignore the other attributes that you have shown.
All other attributes can be minimized if we are paying high gas fees like what Ethereum is currently charging. Ethereum has become like an inutile platform to me, they know the problem and may have been experienced it themselves, yet they are just staring at it offering no solid and time-bound assurance for all of us. I would gladly be transferring to BSC just for the lower fees, don't care if it is centralized or not. BSC is getting more popular every day and there can be more new projects using it.
The only advantage of BSC network is it has low fee which is quite efficient to some users compared to eth blockchain. But in terms application, we can see the eth network as truly a defi ecosystem where not just farming, loan and other types of defi classification can be found. But I give CZ a thumbs up for a well job done on making the BSC network grow like fire. Well that's good that he can maintain pace on a defi ecosystem trending.
CZ really can take momentum of many traders anger because of the high gas fee issue.
I think BSC will still be DeFi platform alternative until Ethereum resolve the high gas fee issue.
I also think that ethereum is still better than other coins, especially BSC. It's just that the thing that makes us doubt about Ethereum is its very high feeble. If the problem has been resolved, I think that ethereum is very difficult for BSC to catch up. after all, I'm not a supporter of either, but I like to see the race in a positive light like this.
The only advantage of BSC network is it has low fee which is quite efficient to some users compared to eth blockchain. But in terms application, we can see the eth network as truly a defi ecosystem where not just farming, loan and other types of defi classification can be found. But I give CZ a thumbs up for a well job done on making the BSC network grow like fire. Well that's good that he can maintain pace on a defi ecosystem trending.
Now the Binance Smart chain (BSC) is being widely used by crypto users who generally used Ethereum in the past (ERC-20), because the cost has not gone down until now, some people have considered using the Binance Smart chain ( BSC) for now which is going to be bad for Ethereum (ERC-20), so I think the two of them will be quite a balance in the future.
Just imagine, where #ethereum can go when gas fees issue solved properly, its just matter of time.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
It is a very good comparison! 1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
Ethereum is a very good choice even when fees are high currently. It will be solved but people need to be patience. Binance is not really a solution, because it is very centralized (21 validators). Binance Coin has a very high price currently and when people realize it, price will drop again.
For now, I can see Avalanche (AVAX) as a top solution because it has low fees, fast confirmations and is decentralized (800 validators and can achieve even more) as a good solution for modern DeFi. Avalanche has also recently launched a new decentralized exchange, Pangolin, for swap coins. Avalanche is really working at a good solution here.
Or we wait for Ethereum 2.0, we just need to be patience. Ethereum 2.0 will be good for sure.
Agreed and you have mentioned the important point if BSC is totally centralized and fully controlled by binance itself.
There are some news about the next hardfork for ethereum will be happening soon to fix the fees problem that already faced by all of the ethereum users. it seems like that if that will bring the BSC users to the ethereum again.
There are some news about the next hardfork for ethereum will be happening soon to fix the fees problem that already faced by all of the ethereum users. it seems like that if that will bring the BSC users to the ethereum again.
I agree on this. Ethereum has done so much than Binance. Binance is more like following the footsteps of Ethereum. In terms of potential, Ethereum has so much to offer than Binance. Ethereum has explored and discovered much on its own. Ethereum has not gone to the top copying other projects or focusing on what other projects are weaker or slower.
But it is also true that with the rising Ethereum fees you cannot blame the people if some of them are really looking for an alternative. And they found Binance. So Ethereum needs to address this issue because it causes some supporters to use other options.
But it is also true that with the rising Ethereum fees you cannot blame the people if some of them are really looking for an alternative. And they found Binance. So Ethereum needs to address this issue because it causes some supporters to use other options.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
They are not decentralized. ETH is controlled by Vitalik and his core team. BSC is controlled by ChangPeng Zao and Binance team.2. $ETH is decentralized. (Truely decentralized)
Quote
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
They have different potential to grow more and to get profit you don't have to invest in better projects. Your profit will come from your entry price, the time you make that entry and how coin will rise or fall after your entry.Binance Smart Chain brings diversification and one more good option for developers, communities so it is good generally. In contrast, as they are owned by Binance, it gives more power on Binance and any thing happens with Binance will cause more bad news for crypto market.
Just imagine, where #ethereum can go when gas fees issue solved properly, its just matter of time.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
Yes BSC chain is completely centralized there no doubt but is cheap and way more fast. When is comes to high fees ETH is dominating it and that is the biggest concern. Most of us here are looking ways to avoid those high fees until it is done people will go for BSC.
Fees do matter specially if you are an utility token. Transferring $10 of eth based stablecoin like USDC is not possible at the moment. And looking at the shift on people preference on USDT, all of them are moving towards alternative with cheaper fees. Binance on the other hand is doing everything including freezing popular coins like Bitcoin and Ethereum to issue their pegged tokens on the Binance chain.
If the ETH developers are just making it happen as soon as possible before this bull run, fees wouldn't be a problem today. But you know what, even if ETH is on its development to 2.0 to solve a lot of things. People today won't think about its attributes with BSC as long as they pay the lowest fee that they can fee and save a lot from it. That's the important matter that's everyone thinking and just ignore the other attributes that you have shown.
The scalability of ethereum platform makes it possible and easy for industrial tapos to get digitized. I hope high gas fees issue will get resolved soon. Finance chain has its own advantages but it will take time to become popular for other dapps.
Just imagine, where #ethereum can go when gas fees issue solved properly, its just matter of time.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
we are just waiting for ETH to run their V2 network as that will make a big change to the erc20 network transaction fees. it greatly affects its stability
Just imagine, where #ethereum can go when gas fees issue solved properly, its just matter of time.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
1. BSC chain is centralized (controlled by binance)
2. $ETH is decentralized. (Truely decentralized)
1. BSC has only 21 validators
2. Currently morethan 70k validators on $ETH beacon Chain.
3. Real DEFi potential is on ETH chain..
I'm just saying, its matter of time, sooner or later we'll see real $ETH potential..
I am not a bigger fan of Ethereum or a hater of BSC. I also hate eth fees. It's just a opinion. I could be wrong. I am not an expert i am just an average.
I hope expert give his opinion on this matter.
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