Topic: Ethereum or Binance Chain (BNB)? - page 5. (Read 1280 times)

how coulld it called as centralized?isn't it same with ethereum which is have decentralized charater. i dont see any reason why binance smart chain could mentioned as centralized chain. its ecosystem was very huge and alot of traders or investors interested with binance due developtment progress .

I'm for Ethereum. Ethereum is decentralized unlike Binance Smart Chain and the problem with commissions will soon be solved.
I would choose Binance Smart Chain, but I don't like centralization

This is healthy competition. The more choices there will be a positive competition that can make the cryptocurrency ecosystem better. The solution arises because there is a problem, the popular ETH network triggers transaction traffic congestion, making transaction fees expensive, especially when DeFi has become popular in recent months. BSC is here to be an alternative, giving developers another choice to maximize their projects, especially since BSC is supported by one of the giants in cryptocurrency.
ETH and BSC are both profitable, just choose both and use them according to your needs, no need to worry or even argue about it.

Speaking of shitcoins, nowadays more and more shitcoins are popping up either through the BSC network or the ETH network. Because almost
all new projects that appear today are just copycats of existing projects. So we have to be careful if we plan to invest in new projects. But if
I compare the two I prefer the ETH network, because I'm used to using the ETH network instead of the BSC network. Competition between the two
must occur, so that both try to provide the best service for users.

Before I like Ethereum but but when ETH began to increased its price value in the market the transaction charge also became expensive as well.
while Binance Smart Chain became famous and took the chance while ETH fee is to high and this might be the reason why most of the new projects nowadays used the BSC platform compared to ERC20. And if ETH won't do anything about their Fee transaction this might be the beginning falling of ETH(ERC20) in my own opinion only.

BSC network is growing fast and we can see that its a big threat to ETH network but this competition is healthy since it provided better options to us and I’m also confident that ETH network is still the choice of many projects because of its demand in the market, and looking at BSC now, there’s a lot of shitcoins easily coming in to this market, just like the old days of ERC20.

There's always a competition here in the market and there's no such thing as to collaborate especially between ETH and BSC. We all know that there's a lot of problem with ETH network before with regards to fees and its speed, that's why BSC was came in the market to offer a better and cheaper option. If ETH will can't solve this problem, them we might see BSC as the top option in the future.

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 am more interested in the Binance Smart Chain, compared to the Ethereum Blockchain. Even though the BSC is still new, it makes it easy for users. Apart from the low transaction fees, the token transaction speed is also superior to Ethereum.
Yet BSC and Ethereum can still coexist. There is no need for someone to change their wallet to accept BSC.

both are very good for me because they have their advantages and disadvantages, for eth itself I prefer because apart from its price which is quite good in addition to that eth 2.0 is also a differentiating force for eth and this is its own advantage but unfortunately because of gas which is fairly high to be one of the barriers in eth. for bnb itself this can be more enjoyed for small traders because of its very cheap price but there are a lot of junk coins here because it is easy to make shitcoin on bnb

Ethereum has better dApps, tokens, and services around it. Still, ETH is much more expensive and slower than BNB. The vast majority of people prefer convenience on top of decentralization/censorship-resistance, so they'll choose BNB on top of ETH anytime. It's no wonder why BNB grew so fast until it became the third-largest cryptocurrency by market cap. ETH devs better address the "high fee" issue before it's too late. Otherwise, BNB might flip ETH becoming the second-largest cryptocurrency by market cap after Bitcoin.

Nonetheless, the fate of both ETH and BNB will depend on mainstream adoption above all else. With competition in the crypto/Blockchain space, people will get to choose which crypto assets to support from the other. Not everyone will find BNB suitable for their needs, as some people prefer decentralization/censorship-resistance. As long as there's a community behind these coins, they'll stand the test of time. I'd choose Ethereum over Binance Chain anytime just because it's decentralized. High fees are a pain in the head, but it's easy to get over them with Layer-Two scaling solutions like Skale and Optimism. With ETH 2.0 along the way, Ethereum will be one step closer to become as good as Binance Chain in terms of performance and cost-efficiency. Just my opinion

I also choose both, we can totally see how good both is, though there is a downfall but still it can manage to maintain their standing in crypto. They are both the choices of many people in crypto because of its capabilities and wholeness as a good and useful coins. Let us also remember that the experience of being at the top or down is just normal. Never easily panic about it, better to be calm always.

It is definitely kind of what you want, but I am not sure if I agree with the way you reached your result, we agree on the result. I think ETH and BNB both could be great long term projects, I do not think that BSC is just one time thing and I do not believe that BNB is only for short term. What you want idea is still definitely correct but that is not the only thing.

I personally believe that the best thing about ERC20 is the decentralization, so if you want decentralization you should focus on ETH and what it will do, and if you want to believe that Binance wants to increase the price of BNB (which obviously they do) that would mean that we could see the price going up a lot there as well. So both of them are definitely a great striking distance from each other and if you want decentralized or not you can still make your decision so that part is correct.

Both are good because both are strong project. But many people will choose BNB now. Because we all know that Ethereum gas fee is very high so many people can't swap their 10-20$ token. If you look in BNB, a person can swap 2-3$ token. Because of this reason many projects have migrated to BNB.
I think Eth 2.0 will settle all thing may be gas fee will also decrease and we will see many new things in ETH. Also Eth is good for long term Investment.

At the moment ,I think we all want to use BNB rather than Ethereum. Because no one wants to pay a very high fee for a transaction. but the BNB price is higher or equal to ETH then I think it will no longer be true, the transaction fee on BNB will be much higher than ETH.

Devs are going to make profits while the investors are going to lose their hard earned money so those people should be more careful with what they are investing, if a project fails then its a loss for investors not for the one who created it.

Good comparison and yes that's really the matter, it's all about quick profits whatever system
it is as long as dev  will benefits they'll going to use what they've think investors will follow them.

There are traders and investors who are seeking for fast profits and they're not minding which platform
the project was create,  aside from fees where the issue from ETH was being voice out.

They are more concern with how they'll going take advantage whatever chain it is as long as there are opportunities.

At the moment I am using both Ethereum and Binance Smart Chain. The fact is that earlier I used only Ethereum, but after the price of commissions in the Ethereum network increased significantly, I began to use additional networks, for example, such as Tron and LTC, but with the advent of Binance Smart Chain, I also switched to this network, since it allows you to partially replace the work of the Ethereum network, while it has advantages. But in order not to miss all the possible benefits from different networks, I try to use different networks, which allows me to derive the maximum benefit.

Centralized vs decentralized that is what the comparison will look like, but projects just want profits so they actually don't have any idea to create a project, they simply create and launch while people also starts to invest on those centralized projects duento hype which is called ultra low fee.

As I said above I have really seen BSC and experienced it myself but yes, that alone (being fast and pretty) is not enough to convince me to switch over just yet. Ethereum has a way more better collection of devs and reputation. Old users will also agree and once the new defi users get bored they might also then realize ETH is where the non-defi utility is.