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Topic: Ethereum or Binance Chain (BNB)? - page 6. (Read 1280 times)

full member
Activity: 776
Merit: 101
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May 24, 2021, 11:55:17 AM
#44
I personally prefer the etherem over the binance, because ETH is a network that is very widely used by crypto users, because the etherem is a very stable altcoin and has a very strong and wide network in a crypto, in a contrast to the bsc which is a new network in the crypto , even though BNB is currently popular, with a very low transaction value compared to the eth, the eth remains the second best after BTC,
legendary
Activity: 3220
Merit: 1363
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May 24, 2021, 10:16:11 AM
#43
Ethereum had been an asset for me. I stopped using it for transactions because of the high fees.
None of us want to waste a lot of money just for hundreds of dollars to be sent to someone. Right?

BNB on other hand had some good usage for me for the transactions that I needed. With the BEP20 chain option, I don't even need a dollar just to get it through.
I think that is why they are one of the top now. It's usage that makes people buy more BNB, this ain't different from how strong Ethereum was because of it's cheap fees.

I feel you. Paying high fees each time you perform a transaction is a real pain in the head. No one is willing to do this except whales and the wealthy. Binance Chain, although centralized, has a better user experience with its ultra-low fees and blazing-fast transaction confirmation times. It's no wonder why BNB soared all the way towards becoming the third-largest cryptocurrency by market cap. People can't stand ETH's degrading performance, leading them to look for other alternatives that are much more economical and faster to use for mainstream payments. The longer it takes for ETH to scale, the higher BNB will go.

Which of the aforementioned coins are best, that's up to you to decide. I'd say neither is better because they serve unique purposes in real life. Despite ETH's high gas fees and slow transaction processing times, no other blockchain can outmatch its level of mainstream adoption. The ETH ecosystem is the largest one in the crypto/Blockchain space besides Bitcoin. Developers are building dApps on ETH at a larger scale than competing smart contract platforms. As long as ETH is the leader of decentralized applications, BNB won't be going anywhere. At this point, we could say that BNB serves as an alternative to ETH than a replacement. Just my opinion Smiley
hero member
Activity: 2338
Merit: 953
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May 24, 2021, 06:01:00 AM
#42
I will admit it. I tried BSC and I loved how fast it looked and how slick everything was,,, but still, it took me years to get convinced by Ethereum and now that I finally am, I do not think it is easy to move. It is not just about speed and cost as I am still using Bitcoin not BCH for example;),,, but you have to really think about security and stability in the big picture.
legendary
Activity: 2268
Merit: 1655
To the Moon
May 24, 2021, 03:58:22 AM
#41
If I look at the conditions of the transaction fees of these two platforms I see that they have a clear difference, BSC is very good for making transactions between exchanges or wallets at a low cost, while the ethereum platform gas fees are too expensive so it makes many people think more when they want to make transactions on the ethereum platform.

In addition to BSC, there are a lot of other blockchains that have much lower fees than in the ethereum network. But despite this, developers continue to use the ethereum blockchain for their projects. This is due to the high trust and decentralization of this network.
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May 24, 2021, 03:12:25 AM
#40
In my opinion, Ethereum (ETH) and Binance Chain (BNB) are both good but I think ETH will remain number two next to Bitcoin (BTC) because it is a very stable coin which continues to improved day by day for having a lot of users using it. It is just that BNB noticed more because of its big pump so I think it is too early for BNB to replaced ETH.
member
Activity: 2044
Merit: 16
May 24, 2021, 02:16:14 AM
#39
Ethereum will always be my choice is just that gas fees now are heavily problem to the majority of people in this industry that's why BSC emerged to that occasion as a solution for that problem. I don't mind the competition as long as it can give people choices that can give them satisfaction of whatever ecosystem / assets they use.
full member
Activity: 1568
Merit: 100
COMBONetwork
May 24, 2021, 02:03:13 AM
#38
I choosed both because both of these coins are still good, eventhough BNB is dominating right now because it's newer and lower fees but i think ETH is still strong in the market for at least 5 years. So for me it's better to take attentions for this two rather than choosing one of them
It is true that both of them are promising coins and of course there is nothing wrong with choosing between Ethereum and BNB.
Although the transaction fees from ethereum can be said to be still high but I don't think it's a big problem,
what is clear to me is that these two coins will remain the top coins
sr. member
Activity: 1022
Merit: 252
May 24, 2021, 01:55:05 AM
#37
I choosed both because both of these coins are still good, eventhough BNB is dominating right now because it's newer and lower fees but i think ETH is still strong in the market for at least 5 years. So for me it's better to take attentions for this two rather than choosing one of them
member
Activity: 476
Merit: 10
May 24, 2021, 12:39:27 AM
#36
I will use DEX or tokens that build on Ethereum blockchain if they can solve the problem of high cost of transaction and network congestion. This problem does not solve yet since 2017, As the ETH community and ecosystem continues to grow, this problem should be able to be resolved soon. Since these problem not solve yet, i used BSC. Although many people said BSC is centralized blockchain but they give more advantages to crypto community. I choose it depending on the how the benefits, and later maybe i left BSC if other offer better one.
full member
Activity: 1026
Merit: 110
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May 24, 2021, 12:36:43 AM
#35
Both is good, But i choose ethereum. Ethereum is more strong and some very good token is erc20 based. Ethereum is centralized and its is the main point of my choice.
copper member
Activity: 812
Merit: 12
I ❤ ₿itcoin and Ethereum
May 23, 2021, 06:13:40 PM
#34
if I prefer Ethereum, because Ethereum has more long experience than BSC, it's just that for now the problem with Ethereum is the gas fees from Ethereum are expensive, but I am sure in the future Ethereum will definitely find a solution to make gas fees from Ethreum become low, but I am sure when many people started using BSC too and the price of Binance is equivalent to Ethereum, then the gas fees from BSC will also be expensive (same as Ethereum).
legendary
Activity: 2982
Merit: 1485
May 23, 2021, 05:47:12 PM
#33
I use both network depending on my need. Not all tokens are cross-chain so you may find apple here and banana there. Lately I heavily used Binance Smart Chain and never had a problem. The biggest advantage is it's too cheap, you can make transactions almost free. I hate paying high fees in Ethereum network and most of the time I can't even use it because fees are higher than something I need to do.
I think in the future both network will remain and majority of people use them. If defi market grows we can even see mass adoption but we are nowhere that level yet. I suggest you that don't be a fan of any chain or coin, use them when you need to.
sr. member
Activity: 2016
Merit: 283
May 23, 2021, 12:50:58 PM
#32
They are actually a good alts in the market "ETH/BNB" wherein we don't need to make a comparison in my personal opinion because both are useful and very reliable nowadays unlike some alts in the market i don't want to mention some names but its really true.. Indeed except to bitcoin this ETH and binance for sure will stay in the market for long time and will not disappear, unlike to those projects that suddenly vanished after all.
full member
Activity: 431
Merit: 100
May 23, 2021, 12:32:58 PM
#31
Both cryptocurrencies are very popular and most likely the most popular among altcoins and in general I constantly invest in both cryptocurrencies because both cryptocurrencies are very actively developing and constantly reaching new heights, but I do not like that transactions through the Ethereum blockchain cost a lot of money and therefore I prefer Binance Smart Chain and hopefully in the future BSC will really be able to overtake the Ethereum blockchain, but so far, of course, I can't believe in it.

It is true that these two altcoins are more in demand as they are in the second and third positions in crypto. ETH has been proven with its wide market but high fees are a major problem for it, whereas Binance has much cheaper fees and this makes ETH holders choose Binance as an alternative while waiting for the settlement of fees on ETH, it is often said that Binance will replace Ethereum. But for me neither, both will go hand in hand in the crypto market.
full member
Activity: 700
Merit: 100
May 23, 2021, 11:48:54 AM
#30
Both of these chains are fine for me, they differ in cost and the cost of the money transfer tax. I would compare them as what has already been fixed and what will still grow and bring profit to both the creators and the holders of this coin.
hero member
Activity: 1316
Merit: 502
May 23, 2021, 11:13:30 AM
#29
Nowadays people have switched to BSC from ETH, because the current ETH gas factor is too high, and if ETH doesn't solve the problem then new coin investors or developers will leave ETH, And I think that in the future BSC will be able to beat ETH
You should look at the value and talk again about the chance that BNB will beat ETH in the future, this story is pretty ridiculous compared to the reality we are getting, the binance chain is really prioritizing the costs of helping the community but the projects here are still quite few and not particularly potential while ethereum may be more expensive but the project has potential and has its headquarters here. Quality is proportional to cost, more importantly they are still cutting these costs in the near future, BNB beware when it can be knocked down
member
Activity: 1764
Merit: 10
May 23, 2021, 10:19:15 AM
#28
Both cryptocurrencies are very popular and most likely the most popular among altcoins and in general I constantly invest in both cryptocurrencies because both cryptocurrencies are very actively developing and constantly reaching new heights, but I do not like that transactions through the Ethereum blockchain cost a lot of money and therefore I prefer Binance Smart Chain and hopefully in the future BSC will really be able to overtake the Ethereum blockchain, but so far, of course, I can't believe in it.
sr. member
Activity: 1918
Merit: 256
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May 23, 2021, 10:08:59 AM
#27
If you look at some of the data, for now BNB will be a little better than eth, because bnb has a limited supply, not with eth, has a large community, has a cheaper cost than eth, If eth can fix transaction costs, it could be ethereum being the best altcoin, this is one of the drawbacks of ethereum at the moment, We always hope that it will be fixed soon in eth 2.0
full member
Activity: 784
Merit: 101
May 23, 2021, 09:33:54 AM
#26
actually ETH is better because ETH has been around for a long time before BNB appeared, but if you look at it from a gas fee perspective, of course BNB is much cheaper than ETH, even though ETH has succeeded in lowering their gas fees, and in the long run, BNB can compete with ETH later
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
May 23, 2021, 08:52:08 AM
#25
Depends on what you want to do with your investment. If you are looking for a short term get in, make a profit, get out type of deal I would suggest to deal with BSC because the costs there are cheaper and you would make a quicker profit there, most things that start have a great profitable first few days and then they suck and become very low there, usually it doesn't even take a full week for it to start dropping so if you get in on the first minute and make a huge profit then get out after 24 hours you will make the most profit you can.

This is not all BSC tokens obviously, some suck from start and some are good even after a while, but "most" of them are like what I mentioned. On the other hand if you see a great erc20 token that can go for a very long term and has a good use case then you can buy ETH one only if it has a good future and you will hold it for long term.
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