Topic: Ethereum or Binance Chain (BNB)? - page 7. (Read 1280 times)
I'm still using ethereum for some things like hodl, paying for gas, and exchanging it for fiat. I like Binance as an exchange platform, P2P, Binance DEX, and now BSC I have not had any problems. Since I am a regular user of Binance, it is obvious that I am interested in their BNB token for the whole range of services and more to come. It is an advantage for users that in Binance Smart Chain the fees are cheaper and the transactions are faster, that's why I use the two networks 30% ethereum and 70% BSC.
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
Ethereum has surely been there for many years and performed really well in the recent bull-run. Binance coin or the BNB has also enhanced it's value in last 2-3 months and as you mentioned, that was resulted by the introduction of BSC and its low fee structure. If you consider the month of June, the NFT marketplace to be launched and that will surely have a positive impact on the value of BNB. Hence, at this moment, I prefer BNB over ETH.
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
Depend on what you want to built on it. If i want to builr DeFi which is required to make retail investor comes, i will choose BSC because BSC faster and cheaper in term of transactions fees then ethereum. But if i want to build DeFi for Institution or people who want to contribute above $50k i will choose Ethereum because it is safer then BSC.
both have their respective advantages, binance also has many uses and the transaction fees are still relatively cheap, this makes many investors interested in holding it for a long time, and binance is also able to prove its quality to be ranked third in crypto, and on ethereum it is clear the potential and the market capitalization is also very large, this also makes investors not hesitate to have ethereum as a long-term investment, if I am required to choose, I will allocate my money to both of them with a ratio of 60% for ETH and 40% for binance.
It is interesting to see that Ethereum has unlimited max supply but BNB's max supply is limited. This could help BNB increase in value much more than Ethereum I think. I like these coins both but I feel myself closer to BNB when it comes to having a brighter future.
We will immediately see the limited Ethereum coin supply when the Fork is successful in July, from there you will see how the future of Ethereum will be better than BSC, As we have seen together, Ethereum has many new projects despite the expensive gas ether fee, BSC will always be an option for new projects when the development team thinks of the high cost just to make a token delivery transaction.
Both platforms are good, developers and users can choose which platform they will use as they wish
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BSC is pretty cheaper than Ethereum chain but whatever the case is, at the end of the day, we have to talk about decentralization and that's where ETH is better of course. BSC will be more centralized in the coming future for sure.
Again, if you think using a coin in daily life, can you imagine paying $10+ fee for each tx? ETH is worst in fee. ETH fee is high for a long time.
Anyway, ETH will have version 2 launched soon and things may get changed.
Again, if you think using a coin in daily life, can you imagine paying $10+ fee for each tx? ETH is worst in fee. ETH fee is high for a long time.
Anyway, ETH will have version 2 launched soon and things may get changed.
BSC is an attempt by developers to retain their customers who have tokens and cannot afford the listing fees on the central platform.
It is nothing but a model from Binance.com with less listing fees and less money to invest in protecting and upgrading the wallets.
The persistence of people in believing in these networks makes them in a weaker position than holding cash, as they bear all the risks and may lose their money for something that may not happen in the first place.
There is no legal protection for them and they may pay more taxes All these risks for a low fee.
It is nothing but a model from Binance.com with less listing fees and less money to invest in protecting and upgrading the wallets.
The persistence of people in believing in these networks makes them in a weaker position than holding cash, as they bear all the risks and may lose their money for something that may not happen in the first place.
There is no legal protection for them and they may pay more taxes All these risks for a low fee.
Ethereum (Eth) in my opinion is the largest network at the moment, many tokens are included in the Eth list network in the major world markets of DEX and CEX, Bsc (binance smart chain) The main coin of the Binance market is arguably just growing but growing very fast many tokens also moved from the Eth to Bsc network due to several factors including low gas fees ,,, so personally prefer BSC gradually as time goes by, hopefully it can catch up with the Ethereum price ,,,
It is interesting to see that Ethereum has unlimited max supply but BNB's max supply is limited. This could help BNB increase in value much more than Ethereum I think. I like these coins both but I feel myself closer to BNB when it comes to having a brighter future.
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, Binance Chain has the advantage of not too large a number of transaction fees, whereas Ethereum has the advantage of having a strong community so that the volume always looks big with the price movements that are always alive in the market, so in general both are very good long-term investments.For Ethereum itself, the transaction costs are still high, but that does not reduce investors' interest in investing in Ethereum.
Which is certain what you say I agree that both are good for long term investment
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, Binance Chain has the advantage of not too large a number of transaction fees, whereas Ethereum has the advantage of having a strong community so that the volume always looks big with the price movements that are always alive in the market, so in general both are very good long-term investments.
Ethereum base chain has a lot of project we cannot deny that fact, but the problem of ETH network now is so much congestion, high gas fee compare to BSC that we can only pay a small and cheapest gas fee plus the speed of transaction is one of the good features of BSC network.
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.
ethereum is still the best investment right now for me. But for day trading of, course switching to the BSC network would be better.
Currently, we can see how the dominance of trading on the BSC network is increasing on the pancake exchange from trading on the ethereum network at uniswap.
we can choose which one is better, but not many of them have moved from the ethereum chain to the BSC. it means that the developers' trust with their chosen network on ethereum is still hopeful. it's not just a transaction problem. this is related to future project development.
Currently, we can see how the dominance of trading on the BSC network is increasing on the pancake exchange from trading on the ethereum network at uniswap.
we can choose which one is better, but not many of them have moved from the ethereum chain to the BSC. it means that the developers' trust with their chosen network on ethereum is still hopeful. it's not just a transaction problem. this is related to future project development.
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.
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.
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.
New kid always tries to claim the new chain is better and makes an evolution. Ethereum does in 2017 and its network was congested. Its problem has yet been resolved so far.Binance Smart Chain is more flexible but it will get troubles when the chain becomes more accepted and bigger.
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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.
They can do dApps for multi-chains and I think it will be a trend in crypto and dApps. Projects that have ability to adapt to multi-chains will be more interested by community.Quote
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.
The total validator of Binance Smart Chain is very very small compares to Ethereum chain.BSC: 43 validators https://bscscan.com/validators
Ethereum: 147967 validators https://mainnet.beaconcha.in/validators
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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 am flexible with my choice. If I want to move funds and they are available with BSC, I choose BSC. If not, I choose ERC20. I believe Vitalik will resolve the problem on ERC20 chain. More people will use ERC20 chain again. 
I prefer to trade or stored any token that used smart contract of Binance smart chain, I dont want to pay very high fee only for send or trade token. I think more trader or investor also prefer to chooce Binance Smart chain than Ethereum, we can see it from the daily volume trading on Uniswap and Pancake swap, Pancake swap have higher daily trading volume compare Uniswap although UNI token have marketcap higher. To trade ERC20 token, I more happy to do it on CEX because the fee is fixed about 0.1%-0.2% pertrade. Technology of smart contract platform should give more benefits and advantages to the their community so that its community will be much bigger. I also looking in to others smart contract platform with very low fee and high transaction persecond, like Polygon and Solana.
Oh we all already know the answer to this question.
Is just like give you a free plane and asking you if you'll pay for a ride with Lamborghini.
The binance token is more preferable to me than ethereum forget the price, when we talk of coin it's not only the price. The bsc is more cheaper in transaction than ethereum chain. And the price of bnb is doing pretty fine don't be surprised 2years from now bnb will beat ethereum in value.
Is just like give you a free plane and asking you if you'll pay for a ride with Lamborghini.
The binance token is more preferable to me than ethereum forget the price, when we talk of coin it's not only the price. The bsc is more cheaper in transaction than ethereum chain. And the price of bnb is doing pretty fine don't be surprised 2years from now bnb will beat ethereum in value.
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 will choose ethereum over binance if the transaction fees will be very cheap like this time. I think that both will still co-exist. I can't deny the fact that binance already developed so many useful product.
That being said that if binance has a very strong fundamental based from the its community combined with the product that already attracted so many users.
Both were good platforms
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