Topic: Ethereum or Binance Chain (BNB)? - page 2. (Read 1280 times)
A large number of crypto user used Etherium blockchain for Transaction and for others reason, but now Binance Smart Chain is one of the favorite system for user, its transaction speed is fast, network fees is very low. So as my opinion BSC is best then Eth blockchain. But it is true that Etherium is very advance than BSC.
Different from me. I am more interested in Ethereum than BNB which provides a lot of advantages with cheaper transactions than Ethereum. For me, Ethereum is still great with the sophistication it has so far. And I see that there are still a lot of people out there who are interested in Ethereum. Even though BNB is proving to be the highest transaction altcoin at the moment.
if you only give 2 options of ethereum and Binance BNB then I prefer to use the BNB platform and trade with the smart chain owned by the BNB network because the transaction fees are cheaper and the speed is very high so I think this is the reason that makes the BNB platform the best for now.
Yes the fee is too far, with ETH it require us to pay for huge fee for erc20 tokens and the cost difference between bsc and ETH is simply too far for us.I think that is also why many new projects still prefer BSC because it's saving the cost required for both the project owner or the customers now even worse ETH price has increased and the fee also increased, really unlike BSC where even if the coin price increased the fee still cheap.
What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you 
In 2021 the Binance smart chain began to be widely used. Even most of the new projects use the Binance smart chain. But the Ethereum smart chain is also still at number one. As new projects on the Binance smart chain progress, so does the Ethereum smart chain project coming with great coins.
Both Ethereum and BNB coins will last a long time in my opinion. BNB has the opportunity to continue to increase as more projects join and the transaction value in BSC continues to rise. But ethereum is already known by many developers and makes the ethereum network widely used by many altcoins. It's better to invest in both coins with a portion that we can manage
What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you
In 2021 the Binance smart chain began to be widely used. Even most of the new projects use the Binance smart chain. But the Ethereum smart chain is also still at number one. As new projects on the Binance smart chain progress, so does the Ethereum smart chain project coming with great coins.
What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations?
I have to say people just keep comparing close things for some reason that I do not understand properly, I mean why would you want to compare BNB and ETH if you could buy both of them? Let's say there is this 1000 dollars in your bank account, and you do not know if you should buy eth or bnb, or you do not know which one will profit you the most.The best logical solution is to buy $500 each and forget about it, why worry about anything extra? I personally like it that way and I have been doing that for a long time, I do not think that it will change anytime soon neither.
I can promise you that if you buy both of them, you will be happier than just one of them, that is for sure because when they go up, they go up together and when they go down, they go down together, rarely we get to see one of them increase way more than the other, which does happen, like how BNB increased a ton this year from 40 bucks to nearly 700 bucks, but that is not common and I think the increase already happened so buying both would work better.
There's a new kid in town named "Binance Smart Chain" focused on rivaling Ethereum into becoming the world's second-largest cryptocurrency by market cap. It went all the way from being worth cents (in USD) to just hundreds of dollars in an instant. Unlike Ethereum, Binance's smart contract platform offers a greater degree of flexibility with ultra-low fees and blazing-fast transaction processing times.
Of course, no other cryptocurrency (except Bitcoin) can outmatch Ethereum's level of decentralization. I guess that's why most developers continue to build dApps on ETH instead of migrating to BNB altogether. For different tastes, needs, and/or purposes in life, will be the type of cryptocurrency to use.
I prefer Binance Chain over Ethereum anytime because of its benefits. But some people will prefer Ethereum over Binance Chain because of its decentralized and censorship-resistant design.
What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you
Of course, no other cryptocurrency (except Bitcoin) can outmatch Ethereum's level of decentralization. I guess that's why most developers continue to build dApps on ETH instead of migrating to BNB altogether. For different tastes, needs, and/or purposes in life, will be the type of cryptocurrency to use.
I prefer Binance Chain over Ethereum anytime because of its benefits. But some people will prefer Ethereum over Binance Chain because of its decentralized and censorship-resistant design.
What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you
I love both Binance Smart Chain and Ethereum. It is good to see more than one chain in cryptocurrency that offer different benefits for different user types, which is why I believe they will co-exist for quite some time.
Currently Binance Smart Chain is much better for fees than Ethereum and is gaining market share rapidly but once Ethereum upgrades I think we will see a lot of that money flood back into Ethereum.
Both Binance smart chain and Ethereum is useful and great to use. I love to use them both. BSC always low fees and fast transaction. The only sad thing in Ethereum, even after the London upgrades, nothing has change in terms of transaction fees, still high. But I don't think if there will be any changes after a couple of month, let's wait and see.
Binance smart chain is the best for me, the main reason why I prefer binance smart chain because the transaction fees are very low compared ethereum blockchain. I prefer to trading bep20 tokens because of it. Not just only low transaction fee but also the speed is very fast..
There's a new kid in town named "Binance Smart Chain" focused on rivaling Ethereum into becoming the world's second-largest cryptocurrency by market cap. It went all the way from being worth cents (in USD) to just hundreds of dollars in an instant. Unlike Ethereum, Binance's smart contract platform offers a greater degree of flexibility with ultra-low fees and blazing-fast transaction processing times.
Of course, no other cryptocurrency (except Bitcoin) can outmatch Ethereum's level of decentralization. I guess that's why most developers continue to build dApps on ETH instead of migrating to BNB altogether. For different tastes, needs, and/or purposes in life, will be the type of cryptocurrency to use.
I prefer Binance Chain over Ethereum anytime because of its benefits. But some people will prefer Ethereum over Binance Chain because of its decentralized and censorship-resistant design.
What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you
My choice was Binance Chain because Binance Chain's main focus is on facilitating fast and decentralized trading. Binance Chain doesn't have much flexibility as it becomes clear that trying to run smart contracts in a system optimized for fast trading will make the network significantly congested.Of course, no other cryptocurrency (except Bitcoin) can outmatch Ethereum's level of decentralization. I guess that's why most developers continue to build dApps on ETH instead of migrating to BNB altogether. For different tastes, needs, and/or purposes in life, will be the type of cryptocurrency to use.
I prefer Binance Chain over Ethereum anytime because of its benefits. But some people will prefer Ethereum over Binance Chain because of its decentralized and censorship-resistant design.
What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you
Even though Binance Chain is growing rapidly at the moment, no Binance chain can't beat Ethereum. Binance Chain and Ethereum will continue to coexist.
I personally would prefer Ethereum, because :
1. Ethereum is more experienced than BNB
2. more people trust to invest in Ethereum than BNB
3. Ethereum price increase is higher than BNB
4. more projects use Ethereum than BNB
5. Ethereum ranks 2nd on coinmarketcap while BNB ranks 4th on coinmarketcap
6. many people agree that Ethereum is the king of Altcoin
that's my reason why I prefer Ethereum rather than BNB at this time.
1. Ethereum is more experienced than BNB
2. more people trust to invest in Ethereum than BNB
3. Ethereum price increase is higher than BNB
4. more projects use Ethereum than BNB
5. Ethereum ranks 2nd on coinmarketcap while BNB ranks 4th on coinmarketcap
6. many people agree that Ethereum is the king of Altcoin
that's my reason why I prefer Ethereum rather than BNB at this time.
You've forgot to mention that Ethereum is decentralized, whereas BNB is utterly centralized. The latter blockchain sacrifices decentralization/censorship-resistance for convenience/ease-of-use. Most people don't care about decentralization these days, so they'll go with Binance Chain anytime. It's a pity considering that this defeats the whole purpose of crypto.
At least, decentralized cryptocurrencies won't be going anywhere. Ethereum will still be the "King of Altcoins" because no other blockchain can compete with it in terms of security and reliability (besides Bitcoin). This is the reason why most developers build their projects on Ethereum instead of Binance Chain. As long as this is the case, BNB will remain behind ETH in terms of market cap for a very long time. Just my thoughts
Maybe "utterly" centralized is a tiny little bit of an exaggeration as they do have 21 validators. What I don't know though is how the geolocation of those validators is distributed and whether they also frequently change or are fixed (for a fixed period of time?)? I haven't been reading enough about it to tell whether collusion between validators could ever be a serious threat or whether there are any counter measures in place. 21 is still a very very low number compared to a decentralized network like Ethereum, but it is at least not a one man show as it is with real centralization.
I personally would prefer Ethereum, because :
1. Ethereum is more experienced than BNB
2. more people trust to invest in Ethereum than BNB
3. Ethereum price increase is higher than BNB
4. more projects use Ethereum than BNB
5. Ethereum ranks 2nd on coinmarketcap while BNB ranks 4th on coinmarketcap
6. many people agree that Ethereum is the king of Altcoin
that's my reason why I prefer Ethereum rather than BNB at this time.
Yes, the points you wrote are an undeniable fact, that is the absolute advantage of ETH over BNB, it will take a very big pump if BNb wants to shift ETH's position in the crypto market. 1. Ethereum is more experienced than BNB
2. more people trust to invest in Ethereum than BNB
3. Ethereum price increase is higher than BNB
4. more projects use Ethereum than BNB
5. Ethereum ranks 2nd on coinmarketcap while BNB ranks 4th on coinmarketcap
6. many people agree that Ethereum is the king of Altcoin
that's my reason why I prefer Ethereum rather than BNB at this time.
I personally would prefer Ethereum, because :
1. Ethereum is more experienced than BNB
2. more people trust to invest in Ethereum than BNB
3. Ethereum price increase is higher than BNB
4. more projects use Ethereum than BNB
5. Ethereum ranks 2nd on coinmarketcap while BNB ranks 4th on coinmarketcap
6. many people agree that Ethereum is the king of Altcoin
that's my reason why I prefer Ethereum rather than BNB at this time.
1. Ethereum is more experienced than BNB
2. more people trust to invest in Ethereum than BNB
3. Ethereum price increase is higher than BNB
4. more projects use Ethereum than BNB
5. Ethereum ranks 2nd on coinmarketcap while BNB ranks 4th on coinmarketcap
6. many people agree that Ethereum is the king of Altcoin
that's my reason why I prefer Ethereum rather than BNB at this time.
You've forgot to mention that Ethereum is decentralized, whereas BNB is utterly centralized. The latter blockchain sacrifices decentralization/censorship-resistance for convenience/ease-of-use. Most people don't care about decentralization these days, so they'll go with Binance Chain anytime. It's a pity considering that this defeats the whole purpose of crypto.
At least, decentralized cryptocurrencies won't be going anywhere. Ethereum will still be the "King of Altcoins" because no other blockchain can compete with it in terms of security and reliability (besides Bitcoin). This is the reason why most developers build their projects on Ethereum instead of Binance Chain. As long as this is the case, BNB will remain behind ETH in terms of market cap for a very long time. Just my thoughts
Ill go with Binance Chain
i tried to use it lately like last week, and the gas fee is low
in comparison to ETH in which its almost making a fortune just to move your token
i mean no offense but its way cheaper and faster.
i tried to use it lately like last week, and the gas fee is low
in comparison to ETH in which its almost making a fortune just to move your token
i mean no offense but its way cheaper and faster.
BNB or Binance Chain is reliable and fast for me. As long as you keep it secured and lock your authorizations you'll be safe afaik
Of course, I am very thankful that BNB was being created because without it BSC won't surely appeared here in this field of business, especially in the different campaign projects arise here in crypto space. Imagine if BSC didn't appear while the price of ETH is high
but the gas fee was too high I am pretty sure that most of the projects will fail in the end, but due to BSC has been appeared the new project arise here in the forum together with the bounty hunters found a replacement for ERC20 to continue their earnings here in the forum.
but the gas fee was too high I am pretty sure that most of the projects will fail in the end, but due to BSC has been appeared the new project arise here in the forum together with the bounty hunters found a replacement for ERC20 to continue their earnings here in the forum.
BSC helps every end user and developers, with that wide rise from ETH and the fees are really hurting every traders
and investors, BSC gives them breathing, a good options to continue dealing with their trading business.
Timing was good for this new chain as developers can enjoy using this alternative and let the investors to enjoy.
I think now that binance smart chain offers more convenient and more affordable gas fee and seeing how very promising the smart chain is I think that BSC is better now than ETH blockchain.
Well no doubt we all know Ethereum network was one of the best network so far but due to the congestion in the blockchain things are no longer the way there used to be the network speeds became a bit slow and transaction fee increased so aggressively which made many users to start looking for an alternative and then the BSC came up with less fees and a very fast transaction speed. This has made many projects to launch on the Binance Smart Chain network instead of Ethereum
Of course, I am very thankful that BNB was being created because without it BSC won't surely appeared here in this field of business, especially in the different campaign projects arise here in crypto space. Imagine if BSC didn't appear while the price of ETH is high
but the gas fee was too high I am pretty sure that most of the projects will fail in the end, but due to BSC has been appeared the new project arise here in the forum together with the bounty hunters found a replacement for ERC20 to continue their earnings here in the forum.
but the gas fee was too high I am pretty sure that most of the projects will fail in the end, but due to BSC has been appeared the new project arise here in the forum together with the bounty hunters found a replacement for ERC20 to continue their earnings here in the forum.
No doubt that the Ethereum is still better in some of the aspects, I guess because Ethereum is just the 2nd best cryptocurrency or just one of the early projects. So there are diffinitely a lot of different projects that is supporting Ethereum or that is made in the Ethereum Network.
Binance Network for sure is a competitor, but still it is just too early for BNB since there are still a lot of things that need to consider if the network is secure etc. When it comes to trust the Ethereum network is already trusted by a lot of projects and as well as have more experience in this field compared to BNB.
There is a big potential in BNB and people wanted BNB because of the low fees in every transaction but that is just because the network is jusy getting started, unlike ethereum that already has millions of users and projects that is doing a transactions, I mean low fees doesnt mean the it will be better. I dont think BNB will catch up to the market price of Ethereum.
Binance Network for sure is a competitor, but still it is just too early for BNB since there are still a lot of things that need to consider if the network is secure etc. When it comes to trust the Ethereum network is already trusted by a lot of projects and as well as have more experience in this field compared to BNB.
There is a big potential in BNB and people wanted BNB because of the low fees in every transaction but that is just because the network is jusy getting started, unlike ethereum that already has millions of users and projects that is doing a transactions, I mean low fees doesnt mean the it will be better. I dont think BNB will catch up to the market price of Ethereum.
With all its advantages, id prefer Binance Smart Chain due to the fact that it has its low fees and faster transaction speed. I believe Eth's network advantage is that it is well known to developers and easy to access however network traffic is such a nuisance and probably one of its biggest disadvantage.
Another thing is that I believe centralization isn't much a problem in BSC.
Another thing is that I believe centralization isn't much a problem in BSC.
The fees become really a problem for all users of ETH but it also become an entry barrier for some small investors that want's to invest in ETH based tokens. That why most people prefer to invest in BSC for more cheaper fees and almost same transaction speed.
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