ETH OR BSC - page 6. | Bitcointalksearch.org

GbitG

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I'm sure 99% of people will choose BSC, this is because BSC is faster and cheaper, while ETH costs around $17 to send ETH to another wallet and it takes at least $40 to send tokens, at a high cost ETH is also slow because it takes around 30 minutes to get 12 confirmations.

Both platforms doing good work even right now BSC is having some advantages just because of Fees and network speed, otherwise we all know there is no competition between Ethereum and BSC. In near future as these both issues solved by Ethereum team then surely we will have some good impact on Ethereum. But now BSC community is also having good faith, and they are growing very quickly which is good in this market because fair competition give good and positive development, so we will have some more competitors and good features in coming days from developers.
Recently we have some more platforms which are trying to have their share from this market, which is also good for this big community.

mafoja1

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There are two differences between Ethereum and Wee: Bnb gas free is much less and Ethereum gas free is much more. Gas free seems to be much more according to the market.

wajik-tempe

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Quote from: vermigerous on December 11, 2021, 10:27:46 PM

Bsc network is the new and common alternative for investors and traders to transact with, since ethereum network has a high gas fee for their every transaction several investors turn into bsc network. However if the bnb takes pace like ethereum such that it's price turn high, also it would turn out to have a high transaction fees as well in the future for sure. For me, if you use ethereum network, transact with the times that gas fees turn back to normal, it's about the good timing.

Yeah ethereum network is so crowded and it can't manage the transfer fee sometimes it could be reach 200-250 gwei and it could reach hundred dollars fee when doing swap on swap platform with ETH network.
Finding the right timing is also hard maybe it just have one hour normal fee in 24 hour a day and it seems like deleting the advantages of cryptocurrency transaction which we we know could be done anywhere and anytime.
So right now let their ETH developers find the solution while when we doing transaction with BCS.
But i'm sure ETH is still worth to invest for long term investment

vermigerous

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Bsc network is the new and common alternative for investors and traders to transact with, since ethereum network has a high gas fee for their every transaction several investors turn into bsc network. However if the bnb takes pace like ethereum such that it's price turn high, also it would turn out to have a high transaction fees as well in the future for sure. For me, if you use ethereum network, transact with the times that gas fees turn back to normal, it's about the good timing.

pakhitheboss

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Actually BSC is just a copy of Ethereum and nothing more. The only benefit of using BSC is cost effectiveness and faster transaction. The failure of Ethereum to deliver those both has made BSC more popular and attractive among in estora and project owners. Most project which started on Ethereum have now slowly shifted to BSC. The only point that makes BSC risky is that it is centralized while Ethereum is not.

Uang_kartal

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Quote from: Kavelj22 on December 11, 2021, 01:26:55 PM

eth and Ethereum; Ethereum is the whole network called EVM (Ethereum Virtual Machine) and Eth is the utility token for this network.

I'll correct my input, bro
I wrote wrong, it should be ethereum with Bsc. For the elaboration of ethreum, I just found out, I thank you.
because I only focus on projects that ethreum and bsc provide, for evm and ethreum it may be far from the topic.

let's discuss about the cost again between BSC and Ethereum or what is being discussed
thanks bro.

oemar bakrie

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Actually, the purpose of the BSC being present is because the cost of gas is high, but if the cost of gas in every transaction, especially eth, goes down, I think BSC is still running and with competition in transaction time as a benchmark..

andyou1234

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BSC is the right choice to be recommended at this time because it has very low gas costs compared to ETH, besides that currently almost all projects in the crypto space have used the binance smart chain, so the popularity of BSC has increased drastically, even though the price of ETH is much higher than BNB but I see that ETH has a very narrow range of motion, as a result of which many ETH users have switched to binance, so I am very optimistic that binance will continue to grow in the future,

Dr.Osh

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Quote from: Cling18 on December 11, 2021, 11:31:37 AM

Ethereum's network high gas fee is the common problem of most crypto users these days and that's the reason why BSC has established a better foundation and taken advantage of this case. However, the high gas fee isn't a problem with ETH because most traders are focusing on the convenience and legitimacy that it provides.

to be honest, i feel that ethereum gas fee is something important. It's true that nowadays people put convenience first, but I think that's a problem. however, we can see that people tend to look for alternatives to ethereum because of the high fees it provides to users. for now, I rarely even use tokens or coins that have an ethereum network, even when trading on exchanges. That's because of the high fees given. I tend to use BSC over ETH at the moment.

Kavelj22

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Quote from: Uang_kartal on December 10, 2021, 06:33:46 PM

Ethereum gas is quite expensive when compared to smartchain networks,
I believe there is a price and there is quality, like this et project which rarely fails.

if you tell me to go with eth over ethereum I prefer ethreum. for bsc can be an alternative cost. do you already have two coins?

Hey man, I guess you are somehow misunderstanding the correlation between eth and Ethereum; Ethereum is the whole network called EVM (Ethereum Virtual Machine) and Eth is the utility token for this network. So when you say you prefer Ethereum over Eth, you announce how much you are ignorant about the subject.

Jose Mourinho

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currently crypto users tend to recommend binance over ethereum because the cost of binance gas is very low, of course this will help drive binance to grow, and the high cost of eth gas creates a very big problem for the future development of ethereum, because currently there are a lot of ethereum users who left it and switched to the binance network, to avoid asset inflation I had temporarily stored my ETH assets and focused on BNB, with the presence of ethereum 2.0 hopefully this high gas cost can be overcome.

Cling18

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Ethereum's network high gas fee is the common problem of most crypto users these days and that's the reason why BSC has established a better foundation and taken advantage of this case. However, the high gas fee isn't a problem with ETH because most traders are focusing on the convenience and legitimacy that it provides.

lizarder

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Quote from: mafoja1 on December 11, 2021, 12:49:16 AM

From Ethereum and not from BSc I think every one of its gas is much less now it is seen again Ethereum gas was much earlier Ethereum's gas free was much less but for some reason Islam gas burst now has increased a lot I want to hope up front

The two have quite a big difference in terms of their respective gas costs, but the question is that many projects currently use the BSC network, so there is no choice if we are involved in the project. Initially, I was familiar with the bounty of all projects almost completely using the Ethereum network, this was due to the many complaints that made the project development team switch to BSC, if you see that both of them have exceeded their respective periods of popularity, but BSC has more advantages than current ethereum.

chaser15

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Quote from: ven7net on December 10, 2021, 12:22:13 PM

I believe that if the commissions in the Ethereum network become low, at least at the level of commissions in the BSC network, then it is likely that the interest in ETH will grow even more. The fact is that Ethereum has a larger ecosystem than BSC, which means it has more resources to get more success. But if high commissions in the Ethereum network persist, then ETH will lose its position in the market, as many crypto companies will either switch to BSC or become multi-chain. That will allow you to maneuver between different blockchain systems.

I think that commissions you are talking about within the Ethereum network won't be lowered even we count for years. The cheap fees before won't be returned as the network grows congestions day by day even lots of developments will be deployed on the network. We have to accept that fact.

What will happen next is, BSC might charge more fees in the future. But it will be slowly unlike Ethereum that fees rise unexpectedly.

mafoja1

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From Ethereum and not from BSc I think every one of its gas is much less now it is seen again Ethereum gas was much earlier Ethereum's gas free was much less but for some reason Islam gas burst now has increased a lot I want to hope up front

martina14

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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?

To be honest, I want them both to hold in the long term. But my priority for now is to have Bnb then followed by ETH,
and most of the projects that has been arising now in the market they used BNB platform or BSC when they conduct a
campaign for their new token here.

dificanovi

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Quote from: Ngewex Yuk on December 10, 2021, 11:15:01 AM

I used to like trading and swap tokens on Uniswap, but when the transaction fees were very expensive then now I switched to BSC, and this is what makes me optimistic that one day the price of ETH will drop soon.

The price of ETH won't fall any further but Binance's price will rise faster than ETH. We know that the largest cryptocurrency exchange today is Binance, that's why the Binance token is very popular with investors.
Bsc is very profitable for investors so they are not disadvantaged by expensive transaction fees like ETH, BSC only takes a small fee per transaction.

Uang_kartal

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Ethereum gas is quite expensive when compared to smartchain networks,
I believe there is a price and there is quality, like this et project which rarely fails.

if you tell me to go with Ethereum or Bsc I prefer ethreum. for bsc can be an alternative cost. do you already have two coins?

yolucky

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I echo with others on the gas fees being fraction of those on Ethereum network and transaction speed on BSC network is faster too.

On the flip side, BSC is centralised with only 21 validators compared to thousands on ETH network, this allows BSC to keep the cost down per transaction as well as increase the speed.

Now the question would be trust, centralised vs truly-decentralised. Hope it helps.

Lmaooo

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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?

Binance Smart Chain is by far a better project than Ethereum in terms of cheaper transaction fees. Binance smart chain transactions fees are paid in cents between $0.10 to $0.80 while Ethereum transaction fees are super expensive for $10 to $300 per transaction via Uniswap or OpeaSea. Without the scalability, improvements to get cheaper transactions on Ethereum Blockchain, the Binance Smart Chain BSC will remain a better project for a long time.

Topic: ETH OR BSC - page 6. (Read 1626 times)