ETH OR BSC - page 12. | Bitcointalksearch.org

izsara

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Quote from: israt1@ on November 19, 2021, 08:45:49 AM

If you look, many people are starting to move away from ETH now. The main reason is their fees. Now BSc is keeping their fees low. All the projects are running towards them. But many are trying to find out if ETH will solve it. If not solved then BSc will be in the market as second best

many leave because some of them have a budget that may be small and this does not suit eth. Even the last time I made a transaction there with gas costs only up to $120 and this is already very large and of course small traders avoid this.
Regardless of anything, I think this ETH gas will continue to be a never ending problem because even though ETH 2.0 and London Hardfork are expected to solve this problem, no action has been heard until now.
it is very difficult to make them lower their gas because their prices are getting bigger and bigger and of course the gas will be affected even more

israt1@

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https://imgur.com/yw8HFn9

Quote from: imamusma on November 20, 2021, 12:34:13 AM

The average use of the ETH network today is a large number of traders and investors because it is no longer suitable for those who only use $100 on the ETH network, and this is a very large cost effect that makes small traders have to stay away from ETH in the future at the moment.

Yes, ETH is no longer for small business. Maybe ETH doesn't like small business anymore.lol

lenovop-70

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I think if the fee from ETH can be as cheap as the fee from BSC, people will still be in their choice, for example, myself. As a trader I will use any network to do so as long as it's still worth it, so it doesn't matter if I trade or move assets within the above network.
There is a positive thing if the ETH fee becomes cheap : we have many options in transacting.

minhtra

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Neither, its avalanche now. just hit ATH https://www.coingecko.com/en/coins/avalanche
traderjoe is the cake, and its only starting out https://www.coingecko.com/en/coins/joe

Wong Gendheng

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I'm confused with my ERC20 tokens I have, if the total value is around $2500 (spread around 22 tokens), between 2015 and 2018 I actively invest in ICOs and earn with airdrops, when I become a participant in airdrops I automatically get tokens, after being inactive almost 3 years many tokens that used to be worthless have now become expensive, such as Monaco Card (Crypto), ETH Lend (AAVE), Chainlink, Loopring, Fantom and so on, unfortunately the transfer fee is between $80 to $130, especially if ETH Lend migration to AAVE takes up to $280.

dvndr007

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Quote from: Joseph_2 on November 13, 2021, 05:00:02 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?

Very nice question, See ETH is 4 yr old to BSC but ETH is GROOT So both are doing well but ETH is GROOT !

molsewid

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Quote from: michellee on November 19, 2021, 11:27:17 PM

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.

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.

aioc

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Quote from: Joseph_2 on November 13, 2021, 05:00:02 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?

Used to love Ehereum and was expecting that they will forever charge less fee than or compared to Bitcoin three or four years ago I can send hundred dollars worth of coins that are Ethereum based for only 10 to 50 cents and this is what makes Ethereum based token the most in-demand for developers, never could imagine that Bitcoin and Ethereum will trade place, just the other day I traded Bitcoin for less than 1 dollar and Ethereum charges up to $20 fees, right now Binance smart chain is the best pick to trade because of fee and transaction fee, I don't know if one day they will also trade place.

imamusma

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Quote from: israt1@ on November 19, 2021, 08:45:49 AM

If you look, many people are starting to move away from ETH now. The main reason is their fees. Now BSc is keeping their fees low. All the projects are running towards them. But many are trying to find out if ETH will solve it. If not solved then BSc will be in the market as second best

The average use of the ETH network today is a large number of traders and investors because it is no longer suitable for those who only use $100 on the ETH network, and this is a very large cost effect that makes small traders have to stay away from ETH in the future at the moment.

michellee

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Quote from: Shasha80 on November 18, 2021, 09:04:30 PM

Ethereum has been in the crypto industry for quite some time, so now there are more Ethereum users than BSC. But slowly BSC is growing and
starting to be able to compete with Ethereum. If Ethereum doesn't fix the high gas fees problem soon, it's likely that more and more Ethereum
users will start switching to BSC. Competition between Ethereum and BSC is necessary so that they can compete to provide the best for their users.
In addition, it is very likely that other competitors will appear, seeing the crypto world becoming increasingly popular in the world, there will always
be people who want to create something better than Ethereum and BSC.

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.

pragna

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Quote from: Joseph_2 on November 13, 2021, 05:00:02 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?

There is weakness for ETH all time by crypto lovers as its best alt token in market but people are now out of ETH just for gas fees. Its natural that people or investors search benefit all time and now BSC transaction free are cheaf and easy to transact so that people moved to BSC chain. But if ETH come just like previous, no doubt that people will move to ETH platform again and me also. Grin

israt1@

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https://imgur.com/yw8HFn9

If you look, many people are starting to move away from ETH now. The main reason is their fees. Now BSc is keeping their fees low. All the projects are running towards them. But many are trying to find out if ETH will solve it. If not solved then BSc will be in the market as second best

Lubang Bawah

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Of course BSC, the reason for gas transactions is the most important thing for me, and since gas is expensive then I always switch to other coins such as BNB or TRX, if expensive gas can't be overcome then I'm sure in 2022 ETH will come out of the top 10, Solana, BNB and Polygon will shift ETH.

Rocky993

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Ethereum is a very good decision to invest solely and specifically in the long term but Ethereum Blockchain is by no means an acceptable choice in any trading, transaction. BSC performance outstanding really great in all respects.

goldkingcoiner

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Quote from: Joseph_2 on November 13, 2021, 05:00:02 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?

BSC is never as decentral as ETH. And I doubt it will ever be. It is semi decentralised and could prove to be vulnerable for attacks. However, looking away from that aspect alone, it is waaay cheaper than ETH when it comes to transaction fees. Even if ETH finally catches up, I doubt it will ever have fees as low as BSC and by the time its newest updates bear fruit, there will be better alternatives to ETH. So I do not see ETH having much of a future, or at least not having a future which is a sucessful as it was before. But things remain to be seen. I might be wrong. Undecided

hodlftw

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Its interesting to me that BSC fees have even gotten this far. To be fair, yesterday they had their most transactions but that goes to prove the fees go way up when the books are jammed. Both are gonna get much more expensive in my eyes and the fees will also increase likewise.

Jackl87

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Quote from: Joseph_2 on November 13, 2021, 05:00:02 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?

I have to admit, that i also use the binance smart chain at the moment whenever i can and i even bridge most erc20 tokens that i have to the bsc chain because i don't have that big amounts and it is just not worth it to do anything with them on the eth chain on the ethereum chain because of the high gas fees. So most of my erc20 tokens are just laying around in my wallet doing nothing even though i could stake them for some additional free bucks. I hope the fees of eth go down in the near future again.

ice18

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Quote from: Joseph_2 on November 13, 2021, 05:00:02 AM

what do you think will happen once ethereum gas expense goes lower in close few months?

I have been waiting for eth gas fees to go lower but looks like this will not happen soon until eth shift to POS aka eth 2.0. The recent upgrade eip 1559 promise to solve eth gas fees but what happened is the opposite gas fees recorded even higher than before implementation, imagine trading in Dex for $250 fees crazy. Both BSC and Eth have huge userbase but like OP said once Eth fees it goes lower this will actually attract to BSC projects to finally shift to eth again, network security, efficiency and a more decentralized nature of eth will some of the reasons I think why eth will be more dominant over BSC chain.

chaser15

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Quote from: Joseph_2 on November 13, 2021, 05:00:02 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?

It depends. Choose based on what you think will be convenient for you.

For now, I'm with BSC because of fees. I will use ETH again if there's a solution now for their insane fees.

If ETH gas will be lowered, same as usual, no need to use BSC as an alternative especially for ERC20 token transfers. It doesn't mean BSC users will decrease since there are now lots of users who are using the BSC network that didn't have experience of using ETH transactions.

Shasha80

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Quote from: michellee on November 18, 2021, 07:56:07 PM

Quote from: Farma on November 18, 2021, 07:56:07 AM

Quote from: michellee on November 18, 2021, 03:40:33 AM

If you want to make a profit, you can use both ethereum and bnb. But if you want to send your funds, you can use bsc because bsc offers a low fee and fast confirming transactions. Maybe ethereum can do that in the future after they finish solving the cost of the fee. Hopefully, bsc will still grow no matter if the ethereum fee can reduce in the future because many new projects are now using smart contracts in the bsc network.

I'm pretty sure BSC will continue to grow even as fees for ethereum decrease. however, currently BSC seems to dominate over the use of ethereum because ethereum fees are very high.
however, I agree that it would be very easy if we were flexible and used both. Personally, I tend to use BSC at the moment, but if there's some thing that ethereum needs to be used for, I'll use that too.

I also use BSC at the moment because I want to avoid paying the high fees in ethereum. People like us prefer to save our ethereum and hold it to make a profit in the future because we want to maximize our profit in ethereum. But BNB price itself can continue to rise so that can make BSC grow in use. But in the future, as crypto becomes more developed, ETH and BSC can get more competition from the other projects because the fee is the concern from people when they want to make a transaction.

Ethereum has been in the crypto industry for quite some time, so now there are more Ethereum users than BSC. But slowly BSC is growing and
starting to be able to compete with Ethereum. If Ethereum doesn't fix the high gas fees problem soon, it's likely that more and more Ethereum
users will start switching to BSC. Competition between Ethereum and BSC is necessary so that they can compete to provide the best for their users.
In addition, it is very likely that other competitors will appear, seeing the crypto world becoming increasingly popular in the world, there will always
be people who want to create something better than Ethereum and BSC.

Topic: ETH OR BSC - page 12. (Read 1626 times)