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Topic: Can Binance beat Ethereum - page 10. (Read 3050 times)

jr. member
Activity: 154
Merit: 1
May 02, 2020, 08:39:42 AM
I must confess that I'm amazed with the performance of binance over the years. The project seems to be sweeping through the space with great enthusiasm. Looking back at the challenges that the project has encountered and their resilience, I can beat my chest that this project is going to make us proud.
member
Activity: 378
Merit: 15
May 02, 2020, 06:59:40 AM
Binance can beat other exchanges easily but not ethereum, in terms of usefulness ethereum beats BNB token, though we have binance chain now, maybe that can surpass ethereum in future but I doubt it's possible
hero member
Activity: 2856
Merit: 674
May 02, 2020, 06:50:02 AM
How can an exchange beat the blockchain network? The name of the thread is a little strange

Based on the OP, he was referring on the coinmarketcap, so let's assume that he meant it's  the race in coinmarketcap.
Ethereum is currently rank at number 2, while Binance or BNB is rank at number 8,, they are not close but why are people comparing these 2?

my answer is because people are seeing the potential of Binance that it will surpass the number 2 in the future.
Binance is not just an exchange, they have a network already and they won't stop developing.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
April 28, 2020, 05:11:03 AM
I doubt that the Binance coin will turn out something similar. Ethereum is an entire ecosystem of smart contracts, programming code, and a huge community of developers.
While the coin of the Binance exchange is only the result of extremely successful speculation and manipulation of the human mind and economy.

in technology owned, eth will be more useful in the ecosystem of technological development in crypto, and more in a exchange. I think both of them have their own potential, so the results will definitely be different. but for competition I believe more in eth because the need for crypto development requires a lot of technology in ethereum
Of course ETH would be a better option but if you only care about profit then BNB is a good choice for you. I have invested a lot in this coin and have never let me down because the value of BNB keeps rising very high and sometimes surpassed the old ATH last year. Now everyone knows BNB and I'm sure I will hold it waiting for new price increases this year.
The price pumping mostly driven by the fact that Binance as a top exchange always performed well and I applause that but to say that if some people are profit oriented they should go for BNB is a little wrong, after all there's no guarantee that BNB will always stay the same like this, moreover a token that represents centralized exchange could "crumble" easily compared to real decentralized cryptos.
jr. member
Activity: 76
Merit: 1
April 28, 2020, 05:05:59 AM
Considering the current state of the Binance, the Binance may cross Ethereum in a few years . But to do that, there are many other steps that Binance has to take. Which is almost impossible. But if they can do that successfully, then of course Binance will beat the Ethereum.
full member
Activity: 194
Merit: 100
April 28, 2020, 04:39:59 AM
Binance and Ethereum aren't same thing to begin with, they are programmed to work separately, Ethereum is king of smart contract as I heard and binance BNB token is only useful for and on the exchange, see? There is big difference here
Was seeking for this one honestly.
Binance has almost nothing to do with ethereum and vice versa.
Some users could mix them together in their heads because their both a) rapidly growing giant crypto companies b) fill the market with their products
but they has almost nothing to share with each other in terms of markets really
hero member
Activity: 2520
Merit: 783
April 28, 2020, 04:35:13 AM
Of course, ETH would be a better option but if you only care about profit then BNB is a good choice for you. I have invested a lot in this coin and have never let me down because the value of BNB keeps rising very high and sometimes surpassed the old ATH last year. Now everyone knows BNB and I'm sure I will hold it waiting for new price increases this year.
Well, but now the BNB price reduction is also quite clear. however, I still prefer ETH over BNB. besides, I'm not sure that Binance is able to defeat ethereum. although the development of binance is quite fast at the moment, but it looks like binance will only be behind ethereum.

If you only care about profit, how does BNB ever make a good choice for anyone at all? You might get into some pumps if you're lucky, but if you're not you end up with a shitcoin you can only ever use at BNB at Binance. I can't honestly believe there would ever be anyone at all into BNB over ETH how can you even compare?


Maybe he conduct a comparison due to the fame got by BNB by now but actually in really it's far to be happen that it will surpass the ETH since even though they are good for now but still we cannot say that BNB price will remain on where it is right now, compare to ETH where we can rely since this is much establish compare to anything else there. But maybe its best to talk about this when BNB surpass USDT and xrp.
member
Activity: 334
Merit: 10
April 28, 2020, 12:58:54 AM
Of course, ETH would be a better option but if you only care about profit then BNB is a good choice for you. I have invested a lot in this coin and have never let me down because the value of BNB keeps rising very high and sometimes surpassed the old ATH last year. Now everyone knows BNB and I'm sure I will hold it waiting for new price increases this year.
Well, but now the BNB price reduction is also quite clear. however, I still prefer ETH over BNB. besides, I'm not sure that Binance is able to defeat ethereum. although the development of binance is quite fast at the moment, but it looks like binance will only be behind ethereum.
BNB is behind a lot of altcoins in this market. I agree that BNB will be a good investment but for BNB to overcome other altcoins and ETH, it is an impossible task. ETH will still be the best altcoin in this market and it will stand firmly at No. 2 in coinmarketcap
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
April 28, 2020, 12:55:32 AM
Of course, ETH would be a better option but if you only care about profit then BNB is a good choice for you. I have invested a lot in this coin and have never let me down because the value of BNB keeps rising very high and sometimes surpassed the old ATH last year. Now everyone knows BNB and I'm sure I will hold it waiting for new price increases this year.
Well, but now the BNB price reduction is also quite clear. however, I still prefer ETH over BNB. besides, I'm not sure that Binance is able to defeat ethereum. although the development of binance is quite fast at the moment, but it looks like binance will only be behind ethereum.
hero member
Activity: 2520
Merit: 783
April 28, 2020, 12:50:59 AM
Binance coin was hit to Coinmarketcap around 25 Jul, 2017. At the time BNB was trading nearly $0.10 with 10 Mln USD market cap, trading at its own Exchange Binance. whereas at the same time Ethereum was trading around $225 per Eth, having more than 21 Bln USDT Marketcap. Later on Ethereum Blockchain was well in business and marke its all time high price $1368 per coin and its market was cap was above 132 bln usd. This time was early 2018 and all market was at its peak. People were expecting about Ethereum will soon overtake Bitcoin and this all was due to Ethereum Blockchain adoption for new ICOs launching with the help of smart contract of Ethereum Blockchain.

But this all was slowdown gradully due to fake ICOs. With all this happening entire market was in downtrend which is still continue. Where this was badly effect whole crypto market but Ethereum was also in correction and this was lead its value to the agin under $200.

Now here is the other story of Binance. In the same time Binance was in serious busniess and its addoption was over the Moon. So, Binance was in race of becoming World No.1 Exchacge by beating Bittrex and it done the job, the other side its Binance coin was making business day by day.

Binance management very smartly engaging its native coine into miltiple purpose and make it one of the best cryptocurrency in Bolckchain Industry.

We all well aware how last year Binace utlise its Exchange and develop their Binace coin market. Here i want to mention some core businesses operating by Binance Team.

  • Binance Exchange
  • Binance DEX
  • Binance Chain
  • Binance Fiat services
  • Binance Launchpad
  • Having giant partners

Binance acquire Trust Wallet, WazirX Indian Market.

Binance coin will make history buy using like these above mentioned features and many more.

I think someday BNB will beat ETH, What you Think Smiley


Anyway I can't categorically say it's not possible, almost nothing is impossible in life. But this is going to be a hard thing and might take a whole lots of time for BNB to beat ETH.  Ethereum has been well established and many financial institutions are building/leveraging on its smart contract technology.  It might be an almost impossible to task for BNB to beat ETH.


I can't also see that coming although there are possibilities but still I can't even think on why would people shift on most establish coin, I'm not saying binance is not good but they need to take a lot of efforts to convince the Ethereum supporters to move on BNB since even though they provide the quality of products for sure those people earn more benefits with etheruem rather than BNB especially on what you say the smart contract technology where many huge whales used this.
hero member
Activity: 2282
Merit: 505
April 28, 2020, 12:50:23 AM
I doubt that the Binance coin will turn out something similar. Ethereum is an entire ecosystem of smart contracts, programming code, and a huge community of developers.
While the coin of the Binance exchange is only the result of extremely successful speculation and manipulation of the human mind and economy.

in technology owned, eth will be more useful in the ecosystem of technological development in crypto, and more in a exchange. I think both of them have their own potential, so the results will definitely be different. but for competition I believe more in eth because the need for crypto development requires a lot of technology in ethereum
Obviously, BNB's usage is much more limited than that of ETH. BNB is a utility token and is only used in Binance exchanges, and ETH has a much wider ecosystem. So I think that BNB will never be able to surpass ETH
It can be used as the fees to use binance chain too but the problem is a project must be verified before it can issue a new asset on the binance chain. In this case ethereum is much better in term of adoption.
I just sure about that if BNB will always below ethereum.
member
Activity: 795
Merit: 10
April 28, 2020, 12:41:09 AM
Binance coin was hit to Coinmarketcap around 25 Jul, 2017. At the time BNB was trading nearly $0.10 with 10 Mln USD market cap, trading at its own Exchange Binance. whereas at the same time Ethereum was trading around $225 per Eth, having more than 21 Bln USDT Marketcap. Later on Ethereum Blockchain was well in business and marke its all time high price $1368 per coin and its market was cap was above 132 bln usd. This time was early 2018 and all market was at its peak. People were expecting about Ethereum will soon overtake Bitcoin and this all was due to Ethereum Blockchain adoption for new ICOs launching with the help of smart contract of Ethereum Blockchain.

But this all was slowdown gradully due to fake ICOs. With all this happening entire market was in downtrend which is still continue. Where this was badly effect whole crypto market but Ethereum was also in correction and this was lead its value to the agin under $200.

Now here is the other story of Binance. In the same time Binance was in serious busniess and its addoption was over the Moon. So, Binance was in race of becoming World No.1 Exchacge by beating Bittrex and it done the job, the other side its Binance coin was making business day by day.

Binance management very smartly engaging its native coine into miltiple purpose and make it one of the best cryptocurrency in Bolckchain Industry.

We all well aware how last year Binace utlise its Exchange and develop their Binace coin market. Here i want to mention some core businesses operating by Binance Team.

  • Binance Exchange
  • Binance DEX
  • Binance Chain
  • Binance Fiat services
  • Binance Launchpad
  • Having giant partners

Binance acquire Trust Wallet, WazirX Indian Market.

Binance coin will make history buy using like these above mentioned features and many more.

I think someday BNB will beat ETH, What you Think Smiley


Anyway I can't categorically say it's not possible, almost nothing is impossible in life. But this is going to be a hard thing and might take a whole lots of time for BNB to beat ETH.  Ethereum has been well established and many financial institutions are building/leveraging on its smart contract technology.  It might be an almost impossible to task for BNB to beat ETH.
member
Activity: 252
Merit: 29
Sovryn - Brings DeFi to Bitcoin
April 28, 2020, 12:29:11 AM
Binance and Ethereum aren't same thing to begin with, they are programmed to work separately, Ethereum is king of smart contract as I heard and binance BNB token is only useful for and on the exchange, see? There is big difference here
sr. member
Activity: 586
Merit: 251
April 27, 2020, 09:45:31 PM
I doubt that the Binance coin will turn out something similar. Ethereum is an entire ecosystem of smart contracts, programming code, and a huge community of developers.
While the coin of the Binance exchange is only the result of extremely successful speculation and manipulation of the human mind and economy.

in technology owned, eth will be more useful in the ecosystem of technological development in crypto, and more in a exchange. I think both of them have their own potential, so the results will definitely be different. but for competition I believe more in eth because the need for crypto development requires a lot of technology in ethereum
Of course ETH would be a better option but if you only care about profit then BNB is a good choice for you. I have invested a lot in this coin and have never let me down because the value of BNB keeps rising very high and sometimes surpassed the old ATH last year. Now everyone knows BNB and I'm sure I will hold it waiting for new price increases this year.
jr. member
Activity: 252
Merit: 1
April 27, 2020, 03:03:42 PM
Binance launch a smart contract blockchain to expand its ecosystem. Binance Smart Chain coin is designed to work in parallel with the existing Binance Chain, which is already up and running, powering Binance’s decentralized exchange.

According to the newly released white paper, the Binance Smart Chain coin is compatible with Ethereum, expanding the blockchain ecosystem and allowing it to work with most decentralized applications with zero or minimal charges.
Ethereum lose a lot of trading volume through the migration of BNB tokens, which before the switch saw the Ethereum blockchain attract a trading volume of $430 million, the smart contract blockchain has now picked up competition

Already the migration has begun with projects that were on the Ethereum chain quickly jumping to the new Binance Chain to continue their operations while also profiting from the ‘Binance factor’ which comes with a lot of free stuff...
So it's inconclusive
full member
Activity: 531
Merit: 100
April 27, 2020, 01:29:27 PM
I doubt that the Binance coin will turn out something similar. Ethereum is an entire ecosystem of smart contracts, programming code, and a huge community of developers.
While the coin of the Binance exchange is only the result of extremely successful speculation and manipulation of the human mind and economy.

in technology owned, eth will be more useful in the ecosystem of technological development in crypto, and more in a exchange. I think both of them have their own potential, so the results will definitely be different. but for competition I believe more in eth because the need for crypto development requires a lot of technology in ethereum
Obviously, BNB's usage is much more limited than that of ETH. BNB is a utility token and is only used in Binance exchanges, and ETH has a much wider ecosystem. So I think that BNB will never be able to surpass ETH
hero member
Activity: 1862
Merit: 574
Leading Crypto Sports Betting & Casino Platform
April 27, 2020, 01:25:02 PM
I doubt that the Binance coin will turn out something similar. Ethereum is an entire ecosystem of smart contracts, programming code, and a huge community of developers.
While the coin of the Binance exchange is only the result of extremely successful speculation and manipulation of the human mind and economy.

in technology owned, eth will be more useful in the ecosystem of technological development in crypto, and more in a exchange. I think both of them have their own potential, so the results will definitely be different. but for competition I believe more in eth because the need for crypto development requires a lot of technology in ethereum
jr. member
Activity: 81
Merit: 1
April 27, 2020, 01:01:13 PM
Binance range is increasing day by day. The amount of total capital is also increasing. But I don't think it would be the right time to compare Binance with Ethereum for this moment . The Binance still has to go a long way.
sr. member
Activity: 1050
Merit: 377
March 09, 2020, 02:22:22 PM
I doubt that the Binance coin will turn out something similar. Ethereum is an entire ecosystem of smart contracts, programming code, and a huge community of developers.
While the coin of the Binance exchange is only the result of extremely successful speculation and manipulation of the human mind and economy.
hero member
Activity: 1273
Merit: 507
March 04, 2020, 09:35:52 AM
Binance need more partners and new way to use not only in IEO, because accept or not Binance price increases by hype only and also by using this coins to buy in IEO which is very good in Binance because almost coins launching IEO in Binance is successful. Binance need to list in many exchanges which I think not happen. That's why I don't think that Binance coin can beat Ethereum and to be number 2 high market cap next to bitcoin.
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