ETH OR BSC | Bitcointalksearch.org

superman184

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Quote from: Joseph_2 on November 13, 2021, 06:00:02 AM

One of the reasons why binance savvy chain gets to be this enormous right presently is since ethereum gas expense is exceptionally tall and this constrain a few ventures to switch to BSC but what do you think will happen once ethereum gas expense goes lower in close few months? Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

The concept of Binance Smart Chain with Binance Chain is of course much different. Binance Chain is just an internal blockchain that can only run on the Binance platform, while the Binance Smart Chain is getting a good reception from various decentralized platforms or swap platforms. This allows BSC to run well even though Ethereum Gas costs return to normal. Binance Chain exists at a time when Ethereum gas costs are normal but its use is very limited.

7deadlyBTCIN

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Ethereum is still for the big boys if not Ethereum would have suffered alot already instead people are still using the platform, BSC safe the day but still only for the small projects it's all good that these two projects are here today

gost111

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Yes, if ETH does not reduce the commission for gas, it will lose its position gradually,literally today it was necessary to make a swap in the ETH network, so the commission was many times more than the swap, this is not good,I try to work in the BSC network Wink

CDC AP

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If ETH doesn't lower the transaction fee, I think people will leave it gradually. There are already some alternatives now, they offer a better service and cheap transaction fees. The best alternative is BSC, very possible to defeat ETH in the future. I think BSC is getting popular now, even some top crypto platforms already moved/added their network/chain to BSC.

cliber

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Ethereum's high gas costs are one reason. But BSC is supported by Binance Exchange.
My question, are you sure that Ethereum gas costs will go down?
Since you created this topic until now it is just a wish that has not come true. BSC will still be in demand when Ethereum gas costs drop, and even then if it materializes.

Sebas.tian

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Quote

One of the reasons why binance savvy chain gets to be this enormous right presently is since ethereum gas expense is exceptionally tall and this constrain a few ventures to switch to BSC but what do you think will happen once ethereum gas expense goes lower in close few months? Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

For now, many prefer BSC because the gas fee is very low compared to ethereum gas fee that is too high for investors to make a good income. If ethereum gas fee reduce today Many users will change their decision to embark on ethereum than BSC because ethereum is good for short term and long term investment.
The reason why many still stand with BSC is because the fee is very low for them to make a huge amount of profits from their investment.

Fredomago

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Quote from: rahmad2nd on January 17, 2022, 03:45:08 AM

New project using BSC network usually not potential at the future and existing only few week after launching, many time new BSC project just giving much profit for developer only and many investor much money because holding coin for long term until developer out liquidity. Better choose with ERC20 coin network because has higher gas fees and developer will waste much money for swap or out liquidity on dapp exchange market. I have got many time scam BSC coin network like dev run away and price suddenly dump just few weeks only after coin launching to public.

Scammers are everywhere, if you are pointing the developers can easily dumped the coin, they can also do that using erc as long as they seen money that comes up from the investors, it's always best to do deeper research and not just to follow the hypes, most of the new project just like what you said are easily being dumped.

If you like riding with that kind of scheme, make sure that you are good at anticipating.

You are going to waste your money if you keep being victimized, do your DYOR and it will lessen the chance of losing..

mamesso

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Quote from: Joseph_2 on November 13, 2021, 06:00:02 AM

One of the reasons why binance savvy chain gets to be this enormous right presently is since ethereum gas expense is exceptionally tall and this constrain a few ventures to switch to BSC but what do you think will happen once ethereum gas expense goes lower in close few months? Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

In terms of functionality and innovation offered, Binance smart chain (BSC) has the opportunity to continue to compete with the Ethereum (ETH), The reason lies in the network model applied by these 2 platforms, ETH decentralized while BSC centralized. Both of these platforms have new innovations to be implemented.
Regarding trust and security, Ethereum platform is better than BSC. But back again to the tastes of users to these 2 platforms, basically ETH and BSC both have their own fans.

toast

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In terms of consistency and improvements I will go along with the ETH but with the tx fee price I think many people including me are now using BSC for faster and cheaper transaction but there are some bugs I see before which we hope have been fix already. But it is no doubt that ETH is much more better than BSC as of now but if they don't do something with the fee and many companies started to create their own project to BSC then I think the BSC will be the people's choice.

Alanaz

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Quote from: rahmad2nd on January 17, 2022, 03:45:08 AM

New project using BSC network usually not potential at the future and existing only few week after launching, many time new BSC project just giving much profit for developer only and many investor much money because holding coin for long term until developer out liquidity. Better choose with ERC20 coin network because has higher gas fees and developer will waste much money for swap or out liquidity on dapp exchange market. I have got many time scam BSC coin network like dev run away and price suddenly dump just few weeks only after coin launching to public.

The negative impact of the low fees they do will definitely be like this, apart from being profitable because the fees are cheaper. BSC is also often used like this because there are so many BSC projects that are very difficult to turn into for investors' profits.
In contrast to ERC20, the developers have to think twice about getting out of there because the gas in ERC 20 is quite draining.
but on the other hand I feel that not all BSC projects are like that, but the average is as you say

rahmad2nd

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Quote from: Fredomago on January 16, 2022, 01:50:05 PM

Quote from: nimogsm on January 16, 2022, 10:27:50 AM

Quote from: gmatej on January 09, 2022, 03:42:46 PM

I hope Ethereum is able to fix gas prices quickly. Because currently the whole network is almost not usable. It's decentralized and all that but at which cost...

Therefore, users are switching to alternative options now to make transactions on Ethereum is an expensive pleasure.The binance chain is still coping with its task, but even here more profitable variations are already appearing.

That's the best advantage, there are many new projects who use BSC now since the transaction fee in using ETH is really expensive, it's better to find other alternatives even ERC is still great and secure but consumers wise, BSC will be more on the side of favorable investors and traders, they will patronize cheaper fees than the one they usually use before.

Aside from these two chains, there are other alternatives in which traders are aiming to be familiarized and take advantage. Roll Eyes

New project using BSC network usually not potential at the future and existing only few week after launching, many time new BSC project just giving much profit for developer only and many investor much money because holding coin for long term until developer out liquidity. Better choose with ERC20 coin network because has higher gas fees and developer will waste much money for swap or out liquidity on dapp exchange market. I have got many time scam BSC coin network like dev run away and price suddenly dump just few weeks only after coin launching to public.

the ghabbar

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Quote from: trauchot on January 16, 2022, 04:15:40 PM

BSC and Ethereum blockchain are the most popular blockchains among altcoins and recently BSC is very fast approaching the heights of Ethereum blockchain and I think that soon BSC can easily overtake Ethereum blockchain, and I also would like to see when BSC will overtake Ethereum blockchain, because Ethereum blockchain is a blockchain for rich people and I hope time will come when less people will use this blockchain, but unfortunately, even if transactions through the Ethereum blockchain will only grow, a huge number of people will still use this blockchain, but I am glad that Ethereum blockchain has a direct competitor and its BSC.

The focus this time is not beating the ethereum blockchain, in my opinion Binance Smart Chain (BSC) has a big target going forward, today the use of Binance Smart Chain is increasing, it shows that this exchange is getting more attractive to reach the top 5 exchanges, for the current development BSC is quite being able to become a top competitor, it is possible to replace big ethereum, if in the future BSC is increasingly in demand and becomes an alternative to high transaction costs.

trauchot

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BSC and Ethereum blockchain are the most popular blockchains among altcoins and recently BSC is very fast approaching the heights of Ethereum blockchain and I think that soon BSC can easily overtake Ethereum blockchain, and I also would like to see when BSC will overtake Ethereum blockchain, because Ethereum blockchain is a blockchain for rich people and I hope time will come when less people will use this blockchain, but unfortunately, even if transactions through the Ethereum blockchain will only grow, a huge number of people will still use this blockchain, but I am glad that Ethereum blockchain has a direct competitor and its BSC.

Fredomago

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Quote from: nimogsm on January 16, 2022, 10:27:50 AM

Quote from: gmatej on January 09, 2022, 03:42:46 PM

I hope Ethereum is able to fix gas prices quickly. Because currently the whole network is almost not usable. It's decentralized and all that but at which cost...

Therefore, users are switching to alternative options now to make transactions on Ethereum is an expensive pleasure.The binance chain is still coping with its task, but even here more profitable variations are already appearing.

That's the best advantage, there are many new projects who use BSC now since the transaction fee in using ETH is really expensive, it's better to find other alternatives even ERC is still great and secure but consumers wise, BSC will be more on the side of favorable investors and traders, they will patronize cheaper fees than the one they usually use before.

Aside from these two chains, there are other alternatives in which traders are aiming to be familiarized and take advantage. Roll Eyes

nimogsm

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Quote from: gmatej on January 09, 2022, 03:42:46 PM

I hope Ethereum is able to fix gas prices quickly. Because currently the whole network is almost not usable. It's decentralized and all that but at which cost...

Therefore, users are switching to alternative options now to make transactions on Ethereum is an expensive pleasure.The binance chain is still coping with its task, but even here more profitable variations are already appearing.

the ghabbar

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Quote from: Nasuhalugu on January 09, 2022, 03:32:03 PM

Quote from: the ghabbar on December 27, 2021, 12:32:50 PM

Quote from: Nasuhalugu on December 26, 2021, 03:28:29 PM

BSC will be the coin of choice that remains in demand by many communities or groups after Ethereum, even though the cost of gas has decreased over time. I don't think Ethereum's gas cost reduction will happen again because the gas cost calculation depends on the coin price. If the price of Ethereum continues to increase, the gas costs for each transaction will also increase.

The basic concept is like that, if the price of Etherum goes up, the gas will automatically go up, so it's impossible for the cost of ethereum gas to go down if the condition of the coin goes up, even though if you look closely, usually the gas cost for each transaction will go up if you pay attention and grow, especially in the ethereum class, which is currently the number two cryptocurrency after bitcoin, conditions like this are what make ethereum growing.

Gas fees on each transaction can affect each type of friend network. We can see that currently very many are using the Binance Smart Chain (BSC) network instead of the Ethereum network in every project. They (Dev) calculate the total cost to be incurred on each token delivery. If a project uses the Ethereum network and 1000 participants participate in a project, what is the total cost?

It depends on the project they are holding, as far as I know each project has its own contract in determining the choice of what network they use, so managers will make special lobbies to determine the network, it is true that currently many projects are using the Binance Smart Chain network ( BSC), but it will be different from the project in service, they do not use the Ethereum network, BSC, Polygon or others.

gmatej

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I hope Ethereum is able to fix gas prices quickly. Because currently the whole network is almost not usable. It's decentralized and all that but at which cost...

Nasuhalugu

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Quote from: the ghabbar on December 27, 2021, 12:32:50 PM

Quote from: Nasuhalugu on December 26, 2021, 03:28:29 PM

BSC will be the coin of choice that remains in demand by many communities or groups after Ethereum, even though the cost of gas has decreased over time. I don't think Ethereum's gas cost reduction will happen again because the gas cost calculation depends on the coin price. If the price of Ethereum continues to increase, the gas costs for each transaction will also increase.

The basic concept is like that, if the price of Etherum goes up, the gas will automatically go up, so it's impossible for the cost of ethereum gas to go down if the condition of the coin goes up, even though if you look closely, usually the gas cost for each transaction will go up if you pay attention and grow, especially in the ethereum class, which is currently the number two cryptocurrency after bitcoin, conditions like this are what make ethereum growing.

Gas fees on each transaction can affect each type of friend network. We can see that currently very many are using the Binance Smart Chain (BSC) network instead of the Ethereum network in every project. They (Dev) calculate the total cost to be incurred on each token delivery. If a project uses the Ethereum network and 1000 participants participate in a project, what is the total cost?

Cryptock

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Quote from: mafoja1 on January 03, 2022, 08:50:21 AM

I think the price of Ethereum is right now but Gras Free is a lot. It is very difficult to transact any erc20 token due to the gras free. But bnb seems a lot to me.

You described exactly what makes the biggest difference between ETH and BSC, which is the amount of transaction fees. We all know that ETH is a much larger project as it has been around for a lot longer. Many more users use ETH, which is why transaction fees are so high. If, with the introduction of Ethereum 2, transaction fees do not drop, in my opinion it will only be a matter of time before the BSC will overtake the ETH.

asyakashi

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The ethereum network is too dense because the few block transactions made per second of ethereum will only return to normal in a very short time. Suppose if in the morning few people transact then the price of gas will be cheap. However, if tomorrow there is an event or airdrop that requires many people in transacting ethereum very quickly back up its gas. BSC has larger transactions per second therefore if ethereum does not get an upgrade then bsc will be ready to replace the ethereum network.

Topic: ETH OR BSC (Read 1626 times)