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Topic: ETH and BSC - page 13. (Read 7007 times)

sr. member
Activity: 2324
Merit: 263
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July 23, 2021, 11:59:30 AM
Definitely still Ethereum is the most popular blockchain in the cryptocurrency. Ethereum transaction cost is almost equal to the Binance chain but Ethereum transaction cost is not stable yet. Ethereum transaction cost will be lower than BSC in a 1 year. I'm thinking what could be the cost of others blockchain of ETH cost lower? So many blockchain aren't capable of handling all of the transaction.
Although it can't be said to be stable, the transaction fees on the Ethereum network are enough to help everyone including small traders so that they no longer complain about the amount of transaction fees at this time.
full member
Activity: 756
Merit: 100
July 22, 2021, 03:23:39 PM
Definitely still Ethereum is the most popular blockchain in the cryptocurrency. Ethereum transaction cost is almost equal to the Binance chain but Ethereum transaction cost is not stable yet. Ethereum transaction cost will be lower than BSC in a 1 year. I'm thinking what could be the cost of others blockchain of ETH cost lower? So many blockchain aren't capable of handling all of the transaction.
sr. member
Activity: 2324
Merit: 263
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July 22, 2021, 02:57:29 PM
That's right In the future I don't see any reduction in gas fees The Ethereum network is a good network There are many strong network pairs from this network as far as bsc The network still has a long way to go There is no doubt about it bsc People have benefited from the network.
Actually, both networks are equally useful, because in the past there have also been many successful projects using the ETH network, although now there are many projects using BSC, so in general both have been equally useful in the crypto space.
member
Activity: 327
Merit: 12
July 22, 2021, 02:06:15 PM
Ethereum fee is now normal and I also see nothing happened to binance(BSC) and I also see many projects that are still using the BSC platform, but even so a project with an ethereum network will be better than BSC
maybe the quality is different because it's due to the actual gas. I'm not saying that bsc coins are not good because there are also lots of good coins in BSC, but because gas is cheap, bsc has so many shi*tcoins which makes it very difficult to tell which coins are really good and which are the original ones. but in eth it's different because most of the coins are more valuable because they are rethinking gas which is quite valuable
member
Activity: 518
Merit: 81
July 22, 2021, 01:56:39 PM
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?

I don't think Ethereum Gas fee will be lower in the near future, Ethereum team is making promises since 2/3 years but nothing has happened so far. Binanace smart chain has built good customer base and they will continue working on it. There are many successful Projects like CAKE built on BSC which has give huge reward to its investors during the past one year and I am sure all such projects will continue working with BSC.

That's right In the future I don't see any reduction in gas fees The Ethereum network is a good network There are many strong network pairs from this network as far as bsc The network still has a long way to go There is no doubt about it bsc People have benefited from the network.

Long way for BSC they keep on bringing new developers to use their system while ETH already have strong teams

that used this chain, but along the way both are continouusly moving forward and keeps  on gaining more interest

and participants, both investors and developers see this two as good and solid foundations.

Yes, these two projects will continue to fight each other Now it will be more interesting to see how the two will work And I think both networks will be very successful People's confidence in both these projects is growing this is also very good thing for the market.
hero member
Activity: 2128
Merit: 520
July 22, 2021, 12:06:44 PM
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?

I don't think Ethereum Gas fee will be lower in the near future, Ethereum team is making promises since 2/3 years but nothing has happened so far. Binanace smart chain has built good customer base and they will continue working on it. There are many successful Projects like CAKE built on BSC which has give huge reward to its investors during the past one year and I am sure all such projects will continue working with BSC.

That's right In the future I don't see any reduction in gas fees The Ethereum network is a good network There are many strong network pairs from this network as far as bsc The network still has a long way to go There is no doubt about it bsc People have benefited from the network.

Long way for BSC they keep on bringing new developers to use their system while ETH already have strong teams

that used this chain, but along the way both are continouusly moving forward and keeps  on gaining more interest

and participants, both investors and developers see this two as good and solid foundations.
member
Activity: 518
Merit: 81
July 22, 2021, 11:45:55 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?

I don't think Ethereum Gas fee will be lower in the near future, Ethereum team is making promises since 2/3 years but nothing has happened so far. Binanace smart chain has built good customer base and they will continue working on it. There are many successful Projects like CAKE built on BSC which has give huge reward to its investors during the past one year and I am sure all such projects will continue working with BSC.

That's right In the future I don't see any reduction in gas fees The Ethereum network is a good network There are many strong network pairs from this network as far as bsc The network still has a long way to go There is no doubt about it bsc People have benefited from the network.
hero member
Activity: 1400
Merit: 664
July 21, 2021, 03:27:23 PM
I know due to huge gas fee many of project start to adapting the new block chain the binancesmartchain because when we compare both the BinanceSmartChain fee is too low.
Its not a good news for ethereum if his transaction fess remain too high. Ethereum must solve the issue of fees if they not it will give huge loss to them
sr. member
Activity: 2324
Merit: 263
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July 21, 2021, 10:48:54 AM
right, in the past, when eth had a large fee, many communities were left behind, which ended up not using its facilities and switching to BSC which has a cheaper fee, but over time, eth has corrected its shortcomings and the fee has become standard again, so that even small transactions are not currently available. afraid to use eth facilities
Now small transactions in ETH can also be done because the fees are so cheap that small traders no longer complain about this because they can continue their work in the crypto space without having to be constrained by fees.

well, but before ethereum fees were cheap, BSC took the opportunity, and nowadays many developers are using BSC. well, but I also still feel that ethereum is still better. however, the two coins are really developing right now, and I think, when ethereum has its flaws and BSC makes up for it, people will definitely think that BSC is better than ethereum.
People who think that BSC is better than ETH are people who don't know ETH at all and he only knows BSC when the BSC trend has started to rise this year, so such people don't really need to be responded to because when Ethereum costs are cheaper than now, then he is the first to say that Ethereum is better than BSC.
copper member
Activity: 1316
Merit: 715
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July 21, 2021, 08:06:29 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?

I don't think Ethereum Gas fee will be lower in the near future, Ethereum team is making promises since 2/3 years but nothing has happened so far. Binanace smart chain has built good customer base and they will continue working on it. There are many successful Projects like CAKE built on BSC which has give huge reward to its investors during the past one year and I am sure all such projects will continue working with BSC.
member
Activity: 602
Merit: 11
July 20, 2021, 11:04:25 AM
ETH had a huge monopoly on the smart contract sector in the past. And even now, the situation hasn't changed much (despite the emergence of competitors such as BSC). But the monopoly has made the ETH developers arrogant. They have failed to address various issues such as scalability and security issues. Many of the new projects are looking for alternatives as a result and once these projects develop and get a large amount of acceptability, the downfall of Ethereum will start. The ETH developers have simply cut the branch they are sitting on with their hubristic behavior.
Arrogance will indeed destroy everything, but for now ETH has improved itself a bit in terms of arrogance so that some people have started using the ETH platform again which was previously delayed when they wanted to make transactions, because when transaction fees on ETH were expensive, small traders can't do anything.
right, in the past, when eth had a large fee, many communities were left behind, which ended up not using its facilities and switching to BSC which has a cheaper fee, but over time, eth has corrected its shortcomings and the fee has become standard again, so that even small transactions are not currently available. afraid to use eth facilities
sr. member
Activity: 2324
Merit: 263
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July 20, 2021, 09:26:56 AM
ETH had a huge monopoly on the smart contract sector in the past. And even now, the situation hasn't changed much (despite the emergence of competitors such as BSC). But the monopoly has made the ETH developers arrogant. They have failed to address various issues such as scalability and security issues. Many of the new projects are looking for alternatives as a result and once these projects develop and get a large amount of acceptability, the downfall of Ethereum will start. The ETH developers have simply cut the branch they are sitting on with their hubristic behavior.
Arrogance will indeed destroy everything, but for now ETH has improved itself a bit in terms of arrogance so that some people have started using the ETH platform again which was previously delayed when they wanted to make transactions, because when transaction fees on ETH were expensive, small traders can't do anything.
full member
Activity: 1120
Merit: 101
July 18, 2021, 09:06:03 AM
Then did ETH not have a real thing and weren't there many projects that used the ETH platform in the past so that they can all be as successful as they are today? try to imagine how many projects in the past used the ETH platform and see how they all develop now.

ETH had a huge monopoly on the smart contract sector in the past. And even now, the situation hasn't changed much (despite the emergence of competitors such as BSC). But the monopoly has made the ETH developers arrogant. They have failed to address various issues such as scalability and security issues. Many of the new projects are looking for alternatives as a result and once these projects develop and get a large amount of acceptability, the downfall of Ethereum will start. The ETH developers have simply cut the branch they are sitting on with their hubristic behavior.
I guess it will be the same as BSC.
now the adoption of new BSC projects is increasing very fast. some of the new tokens were created that didn't even have a real project. this could be bad for the BSC in the future. this situation is the same as ethereum in the past with very large project adoption but many scam projects. the impact is not just on smart contract coins like BNB and ETH. this could have an overall impact on the crypto market.
legendary
Activity: 3752
Merit: 1217
July 18, 2021, 09:01:09 AM
Then did ETH not have a real thing and weren't there many projects that used the ETH platform in the past so that they can all be as successful as they are today? try to imagine how many projects in the past used the ETH platform and see how they all develop now.

ETH had a huge monopoly on the smart contract sector in the past. And even now, the situation hasn't changed much (despite the emergence of competitors such as BSC). But the monopoly has made the ETH developers arrogant. They have failed to address various issues such as scalability and security issues. Many of the new projects are looking for alternatives as a result and once these projects develop and get a large amount of acceptability, the downfall of Ethereum will start. The ETH developers have simply cut the branch they are sitting on with their hubristic behavior.
sr. member
Activity: 2324
Merit: 263
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July 18, 2021, 08:45:34 AM
Currently, there are indeed many new projects that use the Binance Smart Chain, fees are the main reason for choosing it, besides that the transaction speed seems to be no longer in doubt. This is what makes BSC considered a popular coin because it has a real product and is needed by many people
Then did ETH not have a real thing and weren't there many projects that used the ETH platform in the past so that they can all be as successful as they are today? try to imagine how many projects in the past used the ETH platform and see how they all develop now.
hero member
Activity: 1386
Merit: 731
Leading Crypto Sports Betting & Casino Platform
July 17, 2021, 01:51:06 PM
Of course with very high fees at that time on ethereum, of course the most appropriate solution was to use BSC to exchange some of the assets that were there and of course some large coins are now included in BSC making it easier for us to trade with low fees and very fast transaction speeds. fast, then what happens if ethereum costs are cheap, of course it is very good to see some of our assets are also in ethereum wallets, of course with a decrease in fees on ethereum there will be big changes but for BSC it will also be big.
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.
sr. member
Activity: 1582
Merit: 333
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July 17, 2021, 01:39:04 PM
the sad thing is that it can't send the bounty results to those who deserve it because the costs are very high, pityy for those affected by that
For bounties, it is better to use the BSC alternative because the distribution costs are cheaper and bounty participants can always receive their payments on time or not in a long time.
According to the current market situation the demand for BSC is higher than that of ethereum but the cost of ethereum is higher but it occupies a very reliable position in the market. Not only for bounty but also for other work sites and exchanges the risk in ethereum is less.
transaction fee still be main problem for ethereum and cryptocommunity shift to binance smart chain platform that provide cheaper gas fee. Its not be serious problem for ethereum dev as long as they could launched faster that update from new version of eth. Many people said in this upgrade there is significant changes to network fee, and if its true missing community will be back to eth again.
sr. member
Activity: 1414
Merit: 326
July 17, 2021, 01:08:06 PM
the sad thing is that it can't send the bounty results to those who deserve it because the costs are very high, pityy for those affected by that
For bounties, it is better to use the BSC alternative because the distribution costs are cheaper and bounty participants can always receive their payments on time or not in a long time.
According to the current market situation the demand for BSC is higher than that of ethereum but the cost of ethereum is higher but it occupies a very reliable position in the market. Not only for bounty but also for other work sites and exchanges the risk in ethereum is less.
member
Activity: 736
Merit: 11
July 17, 2021, 12:45:57 PM
Of course with very high fees at that time on ethereum, of course the most appropriate solution was to use BSC to exchange some of the assets that were there and of course some large coins are now included in BSC making it easier for us to trade with low fees and very fast transaction speeds. fast, then what happens if ethereum costs are cheap, of course it is very good to see some of our assets are also in ethereum wallets, of course with a decrease in fees on ethereum there will be big changes but for BSC it will also be big.
full member
Activity: 1442
Merit: 116
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July 17, 2021, 10:16:24 AM
Ethereum network consistently has an incredible cost at dispatch. also, the other way around, a large portion of the tokens or coins that are under the BSC network consistently have a value that can be reached by all little dealers. A total change to the Binance Chain would mean for a task or organization to be in the grasp of Binance which is a business hazard.
Yes, if we look at transaction fees, it is clear that Binance Chain is more popular and dominates the crypto space through new project organizations because for new project developers, spending the minimum possible cost is very important and profitable.
Currently, there are indeed many new projects that use the Binance Smart Chain, fees are the main reason for choosing it, besides that the transaction speed seems to be no longer in doubt. This is what makes BSC considered a popular coin because it has a real product and is needed by many people
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