ETH and BSC - page 12. | Bitcointalksearch.org

Hannahanto

full member

Activity: 826

Merit: 111

Quote from: Gorosden on April 03, 2021, 11:34:39 AM

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

If Ethereum gas fee reduces llower than bsc am sure many users will switch back to bsc but many just like me that's now addicted to bsc won't move.
I'll stick to bsc and I don't see why Ethereum gas fee will reduce and bsc stays high I think if the gas of eth reduces then the reduction won't be as low than that of bsc. Bsc will also be affected and reduce its gas too
Top blockchains I love cause of fast and cheap gas are BSC,TRC20 and NEAR. All three are super fast and very confortable to use.

indah rezqi

hero member

Activity: 1512

Merit: 874

Quote from: deathcode on August 02, 2021, 09:11:42 AM

Quote from: indah rezqi on August 02, 2021, 06:18:32 AM

Quote from: Gorosden on April 03, 2021, 11:34:39 AM

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

Not necessarily the case. Because I see that BNB's seriousness in working has amazed me, so that currently BNB is the best.
It's different with ETH. ETH remains above BNB in my opinion and it is difficult for other Altcoins to beat it.

ETH also got a market as big as it is today was not easy and short.
BNB I guess still has another big journey and development to be the best.
but I agree with you to choose BNB in the long term. it will be a giant in the future. even I thought BNB would be on par with ETH.

I'm not saying or recommending choosing BNB in the long term. I only appreciate what BNB is currently doing, namely the seriousness of BNB in working, so in my opinion, BNB deserves special attention from many people. And I feel, that ETH will still be in demand even though BNB continues to provide the best.

ANKIT007

jr. member

Activity: 480

Merit: 1

The Binance Smart Chain (BSC) is the second layer of the Binance Chain that was initially built on top of the Ethereum blockchain, which has a new capacity to deploy smart contracts in a brand new blockchain that has lower transaction fees and faster velocity to execute them. The chart above illustrates the difference between ETH and BSC prices and fees, giving leverage to the BSC conception.

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: indah rezqi on August 02, 2021, 06:18:32 AM

Quote from: Gorosden on April 03, 2021, 11:34:39 AM

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

Not necessarily the case. Because I see that BNB's seriousness in working has amazed me, so that currently BNB is the best.
It's different with ETH. ETH remains above BNB in my opinion and it is difficult for other Altcoins to beat it.

ETH also got a market as big as it is today was not easy and short.
BNB I guess still has another big journey and development to be the best.
but I agree with you to choose BNB in the long term. it will be a giant in the future. even I thought BNB would be on par with ETH.

goolesby

member

Activity: 574

Merit: 10

Gistcoin

The Binance Smart Chain (BSC) has a lot in common with the Ethereum blockchain. However, BSC developers have made significant changes in several key areas. The biggest change is the BSC consensus mechanism, which allows cheaper and faster transactions so I think it will far better than DEX which encourages financial transactions that are not authorized by banks, brokers or other intermediaries. but not better than ethereum.

indah rezqi

hero member

Activity: 1512

Merit: 874

Quote from: Gorosden on April 03, 2021, 11:34:39 AM

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

Not necessarily the case. Because I see that BNB's seriousness in working has amazed me, so that currently BNB is the best.
It's different with ETH. ETH remains above BNB in my opinion and it is difficult for other Altcoins to beat it.

mulia sabee

full member

Activity: 910

Merit: 102

Quote from: kenelmark on August 01, 2021, 04:14:33 AM

Quote from: mulia sabee on July 31, 2021, 02:43:33 PM

I think the bnb is only almost in 441 usdt thats why the fee charge is so low while the eth is 2k usdt thats why the gas fee is so high. but ithink some day if bnb hit price on 2k usdt there is posible the bnb fee will be rise too. idont know if iam right but that is posible.

Every Gas fee that is set in any network is always related to the value of the cryptocurrency itself, for example when someone makes Bitcoin transactions through the Bitcoin network, for now it is considered expensive even though in the past it was still considered cheap because the amount of gas spent was still the same, but because the prices are different, the amount of gas in dollar terms is also different.

it's a sure thing and it's also part of the laws of economics, so I don't think it's worth arguing with the high transaction fees that ethereum has.

aylabadia05

hero member

Activity: 1540

Merit: 772

Quote from: Gorosden on April 03, 2021, 11:34:39 AM

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

We'll see what happens. Until now, BSC is still a lot of interest just like what happened to Ethereum before.
I hope, BSC will continue as it is today and Ethereum will make changes that make it easier for many parties to transact.

David.Jack

jr. member

Activity: 103

Merit: 1

Quote from: Gorosden on April 03, 2021, 11:34:39 AM

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

ETH and BSC are the same good. ETH is the first major smart contract platform. Therefore, a transaction fee will be an incremental price base on effort development and seniority. New projects foresee that BSC can have a lot of opportunities in the crypto market by leveraging on new chain development separation.

kenelmark

sr. member

Activity: 1204

Merit: 250

Quote from: mulia sabee on July 31, 2021, 02:43:33 PM

I think the bnb is only almost in 441 usdt thats why the fee charge is so low while the eth is 2k usdt thats why the gas fee is so high. but ithink some day if bnb hit price on 2k usdt there is posible the bnb fee will be rise too. idont know if iam right but that is posible.

Every Gas fee that is set in any network is always related to the value of the cryptocurrency itself, for example when someone makes Bitcoin transactions through the Bitcoin network, for now it is considered expensive even though in the past it was still considered cheap because the amount of gas spent was still the same, but because the prices are different, the amount of gas in dollar terms is also different.

mulia sabee

full member

Activity: 910

Merit: 102

I think the bnb is only almost in 441 usdt thats why the fee charge is so low while the eth is 2k usdt thats why the gas fee is so high. but ithink some day if bnb hit price on 2k usdt there is posible the bnb fee will be rise too. idont know if iam right but that is posible.

SlimShadyMmp

full member

Activity: 1470

Merit: 103

COMBO 2.0

In a Few Months even with ETH upcoming update I really doubt it will change anything much with ETH gas fees maybe 2.0 Will make a huge difference since it will be proof of stake but BSC can so much liquidity locked and is really hard or just impossible for it to come back all to ETH I mean even POLY now has some insane liquidity so competition is just going to intensify with all other smart contract coins dont forget dot and ada have not yet deploy their stable smart contract

Nazmul012

full member

Activity: 799

Merit: 100

Eth gas problem will be trun into big problem even using eth might be out of normal user range if ether doesn’t make a solution about this. but binance also work hard to gain this current position that they already own and hard competition with eth, to make themself turn into better platfrom and people would only choice that platform which can make development themself fast and keep them up-to-date

cryptogeek101

sr. member

Activity: 798

Merit: 250

homt.net

The coming of the Binance Smart Chain(BSC) is a welcome development for the cryptocurrency world of business without which ETH gas fee would have continue to skyrocket without option. BSC has provided a good competitive alternative for the development of cryptocurrency in the 21st century

capcaypro

sr. member

Activity: 854

Merit: 252

Betking.io - Best Bitcoin Casino

they have reviewed their plans and have realized that by setting things like that with gas that continues to rise will be a very big polemic and they may be left behind by a large number of fans because of this, besides that the competitors are getting more and more like bsc and eth which obviously adopts the same way as eth but uses gas for cheaper transactions. Of course this is quite an attraction because especially traders want things like this. and I think this is a turning point where eth revisits like eth 2.0 which improves its gas towards a cheaper one and now the difference is felt and little by little the fans from eth are coming back even though there are indeed many fans from BSC

finaleshot2016

legendary

Activity: 1778

Merit: 1009

Degen in the Space

Quote from: kevindjunaidi on April 03, 2021, 07:18:15 PM

Quote from: Gorosden on April 03, 2021, 11:34:39 AM

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

as long as the fee from BSC is cheaper or equivalent to Ethereum, then I am sure BSC will still be popular and there are some projects that will still use BSC, because for now BSC project has been very widely used by people and there are several projects that have switched from Ethereum to BSC, so I'm sure BSC will remain a competitor to Ethereum forever.

Many people continue to use BSC since the cost is very low, and many people may trade shitcoins and earn easy x5-10 every day. Trading shitcoins in ETH takes a long time because the network is always busy and the cost is very expensive.

I'm a shitcoin trader, and I consider myself really fortunate that BSC exists in crypto because it allows us to effortlessly trade pump and dump currencies and make more money. Most of today's smart contracts are written in BSC, and the NFTs and Defi that are popular in ETH were established back then, therefore BSC is the most widely utilized right now, in my opinion.

ninabobo

full member

Activity: 463

Merit: 100

Like you said it already, the main reason ethereum users are switching to BSC is because of the high transaction fees of ethereum, no matter what people will always see ethereum as the best, so I think if ETH 2.0 is being launched with all the hype it gonna draw back some users tho, and BSC will never take it's place but if ethereum gas fees still holds same state of being so high then there will be a chance of BSC taking over them because people will always go to where would favor them.

Valak

full member

Activity: 743

Merit: 110

Quote from: Gorosden on April 03, 2021, 11:34:39 AM

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

The BSC and Ethereum systems are the same. Transaction fees are the same. It's just the difference in transaction costs because we measure it in dollars. Gas fees are high due to the high price of Ethereum. If the price of BNB was equivalent to Ethereum, the transaction fees would also be the same.

Alanaz

member

Activity: 980

Merit: 10

Quote from: noah tall on May 30, 2021, 02:06:25 PM

Yes You are right , BSC become so big due to low fees and fast Transaction In place of Ethereun but it does botean that bnb can can take place Ethereum

it still takes time for that because considering that there are still so many hunters in eth and eth 2.0 is the main attraction now that eth fans are starting to come back.
bsc is good because it can be used for all circles including small traders but to go beyond eth I think it's still far enough for that

Marble777

member

Activity: 736

Merit: 11

Quote from: imamusma on July 17, 2021, 01:51:06 PM

Actually the two coin networks are both good to use because they are both very well developed, and regarding the amount of transaction fees it also depends on how much the coin is cut when we make a transaction, for example if the price of BNB is the same as the price of ETH which At this time, the transaction fees will also not be much different from ETH.

Well if we see when the price of Ethereum is like the current BNB price, the fee given by Ethereum at that time is also the same as the fee on BNB at this time, so indeed the two platforms are indeed the best for us to make transactions, but in terms of speed if I observe BSC a little faster especially if we want transactions between markets.

Topic: ETH and BSC - page 12. (Read 7007 times)