Topic: Ethereum or Binance Chain (BNB)? - page 4. (Read 1242 times)
I have already wagered that Binance Smart Chain would overtake Ethereum in scalability and adoption. Why? It is backed by one of the biggest forces and organizations in the cryptoverse. And oh, low transaction fees and high dapp adoption wouldn't hurt too
I agree with you. BSC is a highly innovative binance product development and is a solution that solves the problem of the high cost of ethereum.
but it looks like now we can see how ethereum transaction fees are also starting to decrease and are quite cheap. but maybe it's not as cheap as BSC.
but it looks like now we can see how ethereum transaction fees are also starting to decrease and are quite cheap. but maybe it's not as cheap as BSC.
There are still a lot of people out there who don't trust Binance. And they believe that BSC is a centralized Blockchain which is controlled by Binance (which is not true actually, although many of the nodes seems to be operated by Binance). The fee with BSC is in the $0.10-$0.20 range, which is almost 100 times lower when compared to Ethereum. Also, BSC is compatible with the Ethereum chain and many users believe that this creates some kind of interdependency between the two chains.
There is no clear winner at this moment, after the recent hacks, the community is favorable with Ethereum but the only drawback is its fees. Once the fees become low or ETH starts to burn, I think then it will be a real competition between these two. Binance has done a splendid job in the past with other services and BSC might be their greatest creation.
I agree with you. BSC is a highly innovative binance product development and is a solution that solves the problem of the high cost of ethereum.but it looks like now we can see how ethereum transaction fees are also starting to decrease and are quite cheap. but maybe it's not as cheap as BSC.
I choose Ethereum, the ecosystem of Ethereum has been developing for several years now, which is beyond the reach of the newbie BSC.
Ethereum's drawback is high fees, but what will happen one day when the BSC is as congested as Ethereum? These two will surely be forgotten in the long course of history.
Ethereum's drawback is high fees, but what will happen one day when the BSC is as congested as Ethereum? These two will surely be forgotten in the long course of history.
Yes, most crypto users prefer ethereum over BSC, But since most developers now are using BSC for their project most people have no choice but to follow the trend and use BSC. Once ETH switch over to POS i hope it would be faster and cheaper to transact.
I choose Ethereum, the ecosystem of Ethereum has been developing for several years now, which is beyond the reach of the newbie BSC.
Ethereum's drawback is high fees, but what will happen one day when the BSC is as congested as Ethereum? These two will surely be forgotten in the long course of history.
Ethereum's drawback is high fees, but what will happen one day when the BSC is as congested as Ethereum? These two will surely be forgotten in the long course of history.
Yes, most crypto users prefer ethereum over BSC, But since most developers now are using BSC for their project most people have no choice but to follow the trend and use BSC. Once ETH switch over to POS i hope it would be faster and cheaper to transact.
There's no rivalry in the first place. BSC becomes a good alternative because of the ridiculous fees in the Etherium blockchain.
If there are no crazy gas price fees that happened in ETH, and there are even cases that when the transaction got failed, you still pay high gas fees, I'm sure using ETH will maintain their dominance just like during the time of golden days of ICO where most projects are backed by ERC20 tokens.
Right now, I prefer transacting within BSC but it doesn't mean I won't transact with ETH anymore.
If there are no crazy gas price fees that happened in ETH, and there are even cases that when the transaction got failed, you still pay high gas fees, I'm sure using ETH will maintain their dominance just like during the time of golden days of ICO where most projects are backed by ERC20 tokens.
Right now, I prefer transacting within BSC but it doesn't mean I won't transact with ETH anymore.
I choose Ethereum, the ecosystem of Ethereum has been developing for several years now, which is beyond the reach of the newbie BSC.
Ethereum's drawback is high fees, but what will happen one day when the BSC is as congested as Ethereum? These two will surely be forgotten in the long course of history.
Ethereum's drawback is high fees, but what will happen one day when the BSC is as congested as Ethereum? These two will surely be forgotten in the long course of history.
In recent days, the commission amount in the ethereum network is only 10 gwei, which is about half a dollar. I was selling a coin on PancakeSwap yesterday, and in order for the order to be closed in a timely manner, I had to increase the Gas, because the load on the BSC network increased markedly, and as a result, I paid a commission of $0.45, which is approximately equal to the commission on the ethereum network.
I choose Ethereum, the ecosystem of Ethereum has been developing for several years now, which is beyond the reach of the newbie BSC.
Ethereum's drawback is high fees, but what will happen one day when the BSC is as congested as Ethereum? These two will surely be forgotten in the long course of history.
Ethereum's drawback is high fees, but what will happen one day when the BSC is as congested as Ethereum? These two will surely be forgotten in the long course of history.
I would say those two coins are all good coins in terms of fundamentals, scalability and profitability of investments. It only differs between the other aspects of flexibility of gas fees users do prefer for much lowest transaction fees with has a same functions of making.
Yes, both are good to use as an investment, as you said, the only difference is that the cost of binance gas is lower and it makes more and more enthusiasts, but even though the fees for ETH are high, recently the transaction fees have decreased, basically there is no problem we want choose which of the two.
I think that bsc caught a very good opportunity and made good use of it. I prefer bsc recently because of the commission rates. Eth fee rates continue to fall and this increases competition. I think this future competition is a positive development for the market.
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
Although BSC is getting the full attention of today's crypto users, both in terms of transaction fees and speed of transactions. But I'm still interested in Ethereum. Ethereum smart contracts are still active for all platforms today. BSC is only making the second platform with BEP20 tokens from the base token.
For me it is BNB, but to be honest before BNB, I really like ethereum, because ethereum has become an important part in the crypto world, there have been so many altcoins that have integrated with ethereum, but with the emergence of BNB which has gas fees much cheaper than ethereum and BNB utility which is better than ethereum, made me switch to BNB
BNB really adds up to competitions as there are many developers who see the value of this chain,
though ETH already adjusted the transaction fees there are already big support for binance chain
it's really tough to call now as both are moving forwardly and they are adding the value for their
respective supporters.
For now I personally think I prefer Binance, because right now it is the biggest market in crypto, then obviously the fees are cheaper on each transaction, compared to ETH which costs are already unreasonable, but if the fees on ETH come back cheap, maybe I would choose ETH without leaving Binance.
I think the presence of BSC is not to compete with Ethereum, but rather to collaborate with Ethereum. So that the Ethereum network will be lighter with the presence of BSC. The concept of BSC and Ethereum concept is almost the same. We can use Ethereum for BSC and BSC for Ethereum. This proves that BSC and Ethereum can collaborate well.
This is a good theory, BSC is created to help the Ethereum network because they are not able to handle the load 
. BSC is a centralized copycat of the ETH network and CZ is trying to copy everything that is available so that he will have a monopoly on the cryptocurrency market and that is his main aim by the way things are going.yes you are right, CZ seems to be trying to monopolize the market. currently they have a big exchange, and a smartcontrac platform that is in competition with ethereum. if BSC can beat ethereum, in the future crypto will only be centralized.
I think the presence of BSC is not to compete with Ethereum, but rather to collaborate with Ethereum. So that the Ethereum network will be lighter with the presence of BSC. The concept of BSC and Ethereum concept is almost the same. We can use Ethereum for BSC and BSC for Ethereum. This proves that BSC and Ethereum can collaborate well.
This is a good theory, BSC is created to help the Ethereum network because they are not able to handle the load . BSC is a centralized copycat of the ETH network and CZ is trying to copy everything that is available so that he will have a monopoly on the cryptocurrency market and that is his main aim by the way things are going. 
Ethereum is a time-tested blockchain, so I trust it, It takes time to test Binance Smart Chain.
~snip
I think the presence of BSC is not to compete with Ethereum, but rather to collaborate with Ethereum. So that the Ethereum network will be lighter with the presence of BSC. The concept of BSC and Ethereum concept is almost the same. We can use Ethereum for BSC and BSC for Ethereum. This proves that BSC and Ethereum can collaborate well.
BSC is giving good alternative for users if they don't want to pay ridiculous fees. But for those who don't want centralized platforms, they will stick to ETH network. Both networks are needed in this market, so it is up to the user if he will use both or one of these platforms. It is you how you will utilize these networks to your own benefit. Just be grateful that we have options in this market, and it is up to you how you will use them.
~snip
I think the presence of BSC is not to compete with Ethereum, but rather to collaborate with Ethereum. So that the Ethereum network will be lighter with the presence of BSC. The concept of BSC and Ethereum concept is almost the same. We can use Ethereum for BSC and BSC for Ethereum. This proves that BSC and Ethereum can collaborate well.
I think currently the ethereum network already has very cheap transaction fees so I think many people will return to using the ethereum network again and do arbit using erc20 what will make them happy is when gas costs are cheap and can be used to do arbit.
Ethereum does not depend on anything except bitcoin. and bsc depends on ethereum and bitcoin. both are also very useful coins, if there is a coin that uses the bsc platform and success. it will also have an impact on ETH because the volume will increase. as well as when ETH goes down it will definitely have an impact on the coins in the bsc chain. I conclude that both play an important role but if asked to choose I prefer eth. because reading many articles about eth 2.0 will coming and there will beprovide more features and benefits for holders.
Jump to: