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 possibility of lowering the cost of gas against Ethereum will create new difficulties for the binance smart chain, but it doesn't make binance suffer the same fate as binance DEX, Binance thrives on being widely supported by many smart chains for large projects, so it's unlikely that binance will suffer the same thing with binance DEX, but the cost of ethereum gas which is getting cheaper is the best solution and choice for people to transact. 
Topic: ETH OR BSC - page 14. (Read 1626 times)
hero member
Activity: 1498
Merit: 802
Leading Crypto Sports Betting & Casino Platform
Now the choice is obvious, the lowest cost of transfer of money, promising projects using it. Ether is now too expensive for investment work with him, although many people expect to continue his explosive growth after the commission of Protocol 2.0.
I think it depends on what exactly you're looking for. In terms of speed and cost, bSC is by far the best option. Ethereum of course is good because it is everywhere so you're not limited on its usage but gets short when it comes down to interacting with any ETH smart contract. Most DeFi is still largely ETH based, something BSC and other network is trying to improve on.
So whether you go for BSC or ETH, it is simply a circumstantial choice, there are ups and downs with each - nothing is yet perfect (we're getting there, slowly).
How do you know ETH gas fees will be lower in near few months? I don't think it will happen soonTM, so I believe BNB's rise will go on in next couple of months. Even if they fix ETH gas fee problem it won't be near as BNB's low fees. People get tired over 100$ swaps so they switch out. ETH swap fees won't be 1$ anytime.
In October 2021 the Ethereum fees are around $49 million per day and for this about 1300 transactions were made. Ethereum transaction fee (Average transaction fee in USD) - Source: https://bitinfocharts.com/comparison/ethereum-transactionfees.html#1y
I have made trades on both chains in the last days and it is an extreme difference. I will only use bsc in the future when I have the choice. A current comparison:
Binance Smart Chain Gas Tracker
Standard / 5 Gwei / (30-60 secs)
Fast / 5 Gwei / (10-30 secs)
Rapid / 5 Gwei / (5-10 secs)
Ethereum Gas Tracker
Low / 154 gwei | ~ 10 mins
Average / 155 gwei | ~ 3 mins
High / 155 gwei | ~ 3 mins
I think BSC has stand it chance right now, because almost all new project target BSC SmartChain, because it's easy and affordable to traders. But Ethereum gas fee has made people to trade BEP-20 token so as to take the little profit they have, not to be consumed by Gass fee of Ethereum.
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?
Binance Smart chain has a big ecosystem that is comparable to Ethereum, so I think that even when Ethreum’s transaction fees will be decreased, BSC will still be popular as there is a big variety of projects that don’t give in to defies on Ethereum. What is more success of BSC is also associated with growth of Binance exchange, that is the best CEX with a lot of activities and opportunities to make money.
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 fees already be good alternative when ETH fees be a problem for users. But i think although ETH fees goes lower, wouldn't affect much because nowadays mostly project is use BSC network or any other network like MATIC network. But ETH will still be favourite for some people include me because in crypto i seen it for long time in market.Until now, BSC has indeed low transaction fees, besides that, as you said, many projects use the BSC network
Now the choice is obvious, the lowest cost of transfer of money, promising projects using it. Ether is now too expensive for investment work with him, although many people expect to continue his explosive growth after the commission of Protocol 2.0.
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 fees already be good alternative when ETH fees be a problem for users. But i think although ETH fees goes lower, wouldn't affect much because nowadays mostly project is use BSC network or any other network like MATIC network. But ETH will still be favourite for some people include me because in crypto i seen it for long time in market. 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 foresee trades on Pancakeswap going to $5 soon. That's just the way L1s go unless they implement L2s or sharding like Ethereum and NEAR protocol. Fortunately there is a BSC bridge to NEAR coming Q4 so I can move all of my funds to Ref Finance to trade rather than pancakeswap. Both AMMs have similar pool reward APY. 
in my opinion, both have different characteristics and it could be a habitual factor that will make people choose ethereum or bsc. currently the main factor is that it is on ethereum because the costs are already very high so it is certain that there will be many complaints about this. the possibility that it will be able to make costs go down will experience its own problems because ethereum is already of high value.
but not for bsc, because BNB as a support is still at a price that can be suppressed because the price is still relatively affordable. but what if BNB has increased high then binance can also provide a cheap price? looks like they will be constrained like ethereum.
but not for bsc, because BNB as a support is still at a price that can be suppressed because the price is still relatively affordable. but what if BNB has increased high then binance can also provide a cheap price? looks like they will be constrained like ethereum.
for me the reasons for the questions is so simple that i think the cause why most people currently more prefer use BSC than ETH not always stuck to the transactions fees itself and it because there are so many projects tokens based on BSC network and people can get more benefit and money from it so it is all about the trend and i must to admit that the current trend is BSC and the tokens based from it
New projects don't have the time to wait for Ethereum Devs to sort out their expensive network transaction fees issue even old projects on ETH Blockchain are migrating to BSC and Polygon Matic etc., so that investors and user base can remain and also expand.
I think ETH Devs are enjoying the rewarding transaction fees otherwise they would have solved that problem long ago, I have lots of token in my Ethereum wallet that are not profitable to sell because of the gas fees.
By the time ETH Devs decided to fix the problems, I hope it won't be too late for them.
I think ETH Devs are enjoying the rewarding transaction fees otherwise they would have solved that problem long ago, I have lots of token in my Ethereum wallet that are not profitable to sell because of the gas fees.
By the time ETH Devs decided to fix the problems, I hope it won't be too late for them.
I do not think that the demand for the bsc network will decrease. Because binance turned this gas fee event into a very good opportunity and made a very good move. Many projects have started to join its structure and it has provided a good place for itself in this market. The drop in the ETH gas price will only allow people to trade more comfortably. Other than that, I don't think there will be a loss of the BSC network, frankly.
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?
We can't be 100% sure what will happen, but in my opinion the popularity of BSC will decline. If the Ethereum 2.0 launch proceeds without any nasty surprises, I think the eyes of the whole crypto world will turn to ETH. Of course, it all depends on whether the transfer fees will drop to a level like BSC. If transfer fees do not go down, BSC will continue to grow very fast.
For now, I prefer the Bsc network for cheap fees and speed. When the gas returns to normal in the eth network, I start using the eth network. Currently I do not approach the eth network unless I have to. Actually, apart from this difference, there is not much difference between the two networks because it is a network similar to ethereum bsc network.
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?
Binance Dex and BSC are from the same source, namely Binance, but BSC is superior to Binance Dex. BSC is a blockchain similar to the Ethereum blockchain. The transaction method is also easier and you can still use the same wallet. We can still use the MEW wallet to receive BSC tokens just by changing the mainnet system. Whereas Binance Dex is a separate blockchain, only the dedicated Binance Dex wallet can accept the token.
If Ethereum transaction fees return to normal, will Binance Smart Chain die as it did with Binance Dex?
Binance Dex died while Ethereum transaction fees were still very low. So the loss of crypto users towards Binance Dex has nothing to do with Ethereum. Of course the fate of BSC is much different from Binance Dex. When the BSC Blockchain was developed, and interest was increasing, it was still at a time when Ethereum transaction fees were low. Then the users grew even more after the Ethereum blockchain transaction fees increased. We can see that every token developed now and before is also available in BEP20 and ERC20 versions, meaning that the combination of these two blockchains makes BSC even stronger.
BSC already has its own fans, although one day the price of ETH gas will be cheap again, BSC will still stick with its fans. Just like what happened to ETH today, even though gas prices are getting more expensive, there are still a lot of users.
I can only assume that currently only traders with large working capital use DEX on the Ethereum blockchain. The profit that could replenish the trader's wallet, almost all goes to pay the commission. Therefore, now alternative blockchains have priority for users due to the low commission.
ethereum is actually the best option but some problems in gas fees make me a small trader who rarely uses dex swap to be helpless ,how can it be swapped when the loss is caused by gas fee and even from trading profits it's not enough to do it ,not only that the fee of sending from ethereum to ethereum is also high ! BSC is the second favorite after ethereum fee skyrocketed but right now it's the best ,I pick BSC
Yes, you are absolutely right. I am agree with you. Ethereum is the best option but the gass fee is the major problem. But the bsc is now very good for its gass fee.So,i also support bsc.
When the fee from Ethereum changes to lower, there will probably be a lot of new erc20 projects, but that doesn't mean there won't be new projects on the Bsc chain, both of them have their advantages and disadvantages; which one is better? I will go for erc20 if the eth gas goes down.
there is a fairly interesting story that has been heard so far, that if a project on the ethereum platform will usually make coins always valuable compared to other platforms. so don't be surprised if gas costs can be reduced, many will return to the ethereum platform.but the big question is, is it possible with the already high price of ethereum then he will sacrifice calculations by making gas costs cheaper? it seems the law is always where the price is already high the cost will come along too.
I will still use both when the Gas cost on Ethereum has started to fall again, because for now I still prefer to use BSC and Polygon even though it's not to hate ETH, it's just to avoid the problem of excessive fees when transacting.
it looks like you will continue to use other platforms, because with ethereum already high it is unlikely that they will be able to reduce gas costs. no one wants to suffer losses and want to continue to be able to get those profits. as well as other platforms will also experience the same dilemma if the supporting coin has reached a high price.Of course all of that can't be avoided because the price is already quite high
When the fee from Ethereum changes to lower, there will probably be a lot of new erc20 projects, but that doesn't mean there won't be new projects on the Bsc chain, both of them have their advantages and disadvantages; which one is better? I will go for erc20 if the eth gas goes down.
I will still use both when the Gas cost on Ethereum has started to fall again, because for now I still prefer to use BSC and Polygon even though it's not to hate ETH, it's just to avoid the problem of excessive fees when transacting. Jump to: