Topic: ETH OR BSC - page 11. (Read 1626 times)
I have always been happy with the eth blockchain which remains my favorite because it has many tokens and many nft inside it, i had folded temporarily on the bsc blockchain because the fees for the eth transfers had become unsustainable but now the situation seems to be returning to normal thanks to the eip-1559 protocol and the twin blockchain arbitrum so slowly i'm going back to using eth and i'm abandoning bnb
Bsc is now one of the popular blockchain and around all of the big companys token has make in bsc. And people now can use around 80% token in bsc chain. which is cost very low transcation fees. On the other hand ETH still have very high gas fee. that's why people now leaving Ethereum Network and property use bsc.
High gas fees are a problem that hinders a lot of users and projects using ETH. Most projects now choose BSC to develop due to low gas fees, it is also supported by many users. However, I think ETH is still good, it is still developing quite well despite its high transaction fees. New ETH upgrades will probably fix the gas fee problem, let's wait.
Still a hope from many investors to see the adjustment coming from ETH team, way back
there's some time that they are only charging small amount compared to how much they are
charging right now.
But that's already history and we can't see that anymore maybe after another update the team
will take care of this concern.
High gas fees are a problem that hinders a lot of users and projects using ETH. Most projects now choose BSC to develop due to low gas fees, it is also supported by many users. However, I think ETH is still good, it is still developing quite well despite its high transaction fees. New ETH upgrades will probably fix the gas fee problem, let's wait.
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?
After ethereum fee skyrockets then bsc is the developer choice because of the fee is small. But now there are many compatitor who will face bsc. Solana, polkadot and other good blockchain will compete bsc. I heard bsc fees also going higher nowadays though..
100% I choose BSC, now ETH is only suitable for whales, many tokens that are in ETH I can't send to exchanges because transaction fees are expensive, especially for swaps it costs more than $150, and from ETH speed is very bad, while BSC cheap transaction fees and better speed so many devs. who switched to BSC.
I think the competition will be getting tougher, if eth really lowers the cost of gas, people will have the potential to switch to eth again. But in my opinion, bnb not only has a smart contract project that has low gas costs, but they have the largest exchange in the world. The facilities they offer are a new atmosphere in the crypto world such as launchpad staking which can be done if you have bnb coins. I don't think it will matter if eth really lowers gas costs because bnb not only offer cheap gas costs but their big projects are also amazing
I agree with you, in fact one of the networks that are giving the most talk is called Polygon, it is a network that is economical, which will monopolize most of the NFT projects based on the metaverse, in fact there are already some announcements that are join this network where you will have a great price in fee and are already beginning to do the respective advertising. The truth is that I have not come across a fee like the one shown in the publication that is so expensive, because it is even sometimes more expensive than the ERC-20 network itself And I know that the ERC-20 network is very expensive because it makes days I had to make a transaction where I got more than 150USD.
Ethereum is famous and strong as one of the leaders in blockchain technology, but it is not good for crypto transactions. First, because of its high fees/tax, second, because not all investors are wealthy to tolerate spending hundreds of dollars just to do simple deposits or withdrawals!
Apart from BSC, I personally see huge potential in using other projects to save more. Projects like Avalanche, Fantom are great for this reason. Also, more Defi projects (like CatenaX) are entering the space using BSC to expand the end-user possibilities.
Apart from BSC, I personally see huge potential in using other projects to save more. Projects like Avalanche, Fantom are great for this reason. Also, more Defi projects (like CatenaX) are entering the space using BSC to expand the end-user possibilities.
I would be happy if the ethereum gas fee will go down so I can move my ERC20 tokens to the exchange. About BSC I think there will be no affect or will go down the popularity of the network if that happens, I believe BSC will still popular network. It's good to have 2 networks so that we have an option to choose which network is cheap because sometimes Eth gas fee will high again.
Transaction fee of Ethereum will definitely drop if ERC20 is fully implemented, however when it going to be fully operational remain unknown, I agreed with you that it full implementation will provide alternative for developers to choose their preferred network among the available ones like BSC, TRON and ERC20, it is very unfortunate that transaction of ERC enabled tokens requires high fees at this point in time, it is obvious many investors and crypto enthusiasts still have their tokens in their respective wallets eagerly waiting for the fee to drop. 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?
After ethereum fee skyrockets then bsc is the developer choice because of the fee is small. But now there are many compatitor who will face bsc. Solana, polkadot and other good blockchain will compete bsc. I heard bsc fees also going higher nowadays though..
I think the competition will be getting tougher, if eth really lowers the cost of gas, people will have the potential to switch to eth again. But in my opinion, bnb not only has a smart contract project that has low gas costs, but they have the largest exchange in the world. The facilities they offer are a new atmosphere in the crypto world such as launchpad staking which can be done if you have bnb coins. I don't think it will matter if eth really lowers gas costs because bnb not only offer cheap gas costs but their big projects are also amazing
If today we make a small survey of ethereum trading with BSC, then BSC is definitely the winner, even though the ethereum blockchain is much better and sophisticated, the transactions involving BSC are quite large for now, even BSC has a fairly high level of trust , only because of the small transaction gas fees, when compared to Ethereum, but for other advantages ethereum is still at the number two crypto position.
As I previously assumed, when the BSC network is more loaded, the commissions in this network will also increase. But I could not even imagine that the swap price in the BSC network could be 0.47 BNB, which at today's exchange rate is equal to 280 USDT. I think other participants have already faced such a problem.
If BSC is compared to ETH for gas fee transactions it should be cheaper BSC and always succeed in every transaction and I have never failed while for ETH gas fee I have also spent 100$ with failed transactions 6 times and it really frustrates me using ERC20, BEP20 is an option the good one. I assume why your fee is expensive, is it because you use Network BEP2 or swap from ERC20?
Yes, ETH is no longer for small business. Maybe ETH doesn't like small business anymore.lol
It's not that I don't like small businesses, but because the prices are already very expensive so it's not suitable for small businesses because it is influenced by the amount of transaction fees. 
That's a lot, I've never seen that before. I'm still very curious as to why can happen, I often do bsc swap, but the gas fee is not that big.
Such a commission was due to the high load on the network caused by participation in the launchpad, when it was necessary to quickly redeem your allocation. Obviously, in order for the transaction to be completed quickly, some traders have increased the amount of gas. After the end of the sale, the transaction price returned to normal values.
If today we make a small survey of ethereum trading with BSC, then BSC is definitely the winner, even though the ethereum blockchain is much better and sophisticated, the transactions involving BSC are quite large for now, even BSC has a fairly high level of trust , only because of the small transaction gas fees, when compared to Ethereum, but for other advantages ethereum is still at the number two crypto position.
As I previously assumed, when the BSC network is more loaded, the commissions in this network will also increase. But I could not even imagine that the swap price in the BSC network could be 0.47 BNB, which at today's exchange rate is equal to 280 USDT. I think other participants have already faced such a problem.
The competition between ETH and BSC has become tight because ETH is still trying to lower the fee gas, which will be the main problem for ETH, while BSC has a low gas fee that makes BSC can benefit the users to save their cost. If ETH can lower the fee gas, it will have a big chance to beat BSC as many people already know that ETH has a big potential to grow higher in the future.
But for this time, BSC can solve the gas fee problem so the investors use ETH for their investment and BSC to send the tokens.
Yes, in the future, there will be new competitors who offer better services than ETH and BSC and that can make the investors also use them to compare the advantages and disadvantages.
But for this time, BSC can solve the gas fee problem so the investors use ETH for their investment and BSC to send the tokens.
Yes, in the future, there will be new competitors who offer better services than ETH and BSC and that can make the investors also use them to compare the advantages and disadvantages.
The high gas fees of ETH became the biggest drawback of this blockchain and it's also the reason why if ever I have to transact my asset as long as there is another way than dealing with the high gas fee I would probably choose the low gas fee like BSC. Ethereum is a good token and everyone see's the true value however due to this drawback BSC see's the disadvantage of the blockchain and took it as the opportunity to improve the usecase of project which also many crypto users benefits most. I do believe also that in the future there will be new or many competitors that will rise and will offer the services that was a disadvantage of the old blockchain.
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?
First of all I don't believe that gas fee of ethereum will become cheaper like how much it was years ago and that why we actually need eth 2.0 to increase the capability of chain to process more transactions. Whereas Binance smart chain is centralized so the fee will always going to be cheaper hopefully so the upcoming projects have no other choice than choosing BSC because it almost need $40 for a token transaction in ethereum network.
If today we make a small survey of ethereum trading with BSC, then BSC is definitely the winner, even though the ethereum blockchain is much better and sophisticated, the transactions involving BSC are quite large for now, even BSC has a fairly high level of trust , only because of the small transaction gas fees, when compared to Ethereum, but for other advantages ethereum is still at the number two crypto position.
As I previously assumed, when the BSC network is more loaded, the commissions in this network will also increase. But I could not even imagine that the swap price in the BSC network could be 0.47 BNB, which at today's exchange rate is equal to 280 USDT. I think other participants have already faced such a problem.
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We can't compare Ethereum with Binance. Ethereum is a much more established, advanced and proven blockchain. BSC currently has quite a fan base, but none of us can fully trust it. I think Ethereum will one day be the leader of this market but BSC may not be able to hold its ground.
If today we make a small survey of ethereum trading with BSC, then BSC is definitely the winner, even though the ethereum blockchain is much better and sophisticated, the transactions involving BSC are quite large for now, even BSC has a fairly high level of trust , only because of the small transaction gas fees, when compared to Ethereum, but for other advantages ethereum is still at the number two crypto position. 
We can't compare Ethereum with Binance. Ethereum is a much more established, advanced and proven blockchain. BSC currently has quite a fan base, but none of us can fully trust it. I think Ethereum will one day be the leader of this market but BSC may not be able to hold its ground.
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