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Topic: Forget about ETH Era, We are on BINANCE Era right now!!! Long Live BSC!!! (Read 761 times)

full member
Activity: 461
Merit: 100
maybe for progress in the coming years we all won't know if BSC still outperforms ETH but for now BSC still outperforms maybe because some of the base points are easier and cheaper than Etherium so many switch to BSC
Few years ago, many people are impressed and got benefited from ethereum because of its great features and target market like what currently happening in binance. So ethreum has already been there until now, it is quite non sense if someone will compare those two networks with different level.
full member
Activity: 1134
Merit: 167
maybe for progress in the coming years we all won't know if BSC still outperforms ETH but for now BSC still outperforms maybe because some of the base points are easier and cheaper than Etherium so many switch to BSC
full member
Activity: 461
Merit: 100
Yeah agree mate. Not because binance is really making noise in crypto market right now, it doesn't mean that binance will also reached that position where the eth right now. Yes many people are getting into binance because of its features but eth will remain on its throne. They are both great but the distance between the two networks are quite far away.
It is indeed not easy to do a habit that has been done for a long time with ethereum, obviously it is not as easy as turning your palm and it just happens. It takes a very long process even though Binance may continue to provide renewable innovations. All this because of the high cost resulted in everyone also looking for alternatives and someone trying to set up. there is nothing wrong with it let the market decide what to do next.
In terms of progress, I agree with them that binance has more progress than ethereum this year. Only because ethereum has its own progress run from 2016 to 2021 and up to the present. In fact, recently eth breaks the $3k market price value and it records another ATH.
hero member
Activity: 1316
Merit: 502
How you could say that ? Ethereum is still way more secure then bsc nowaday. Bsc only have 200 nodes for its network. Meanwhile ethereum have thousand and thousand nodes all over the world. It is still too early to say that bsc could replace ethereum.

indeed, its to early for BSC to replace ethereum,
because there is a lot of factors for BSC to be the best altcoins in the markets,
beside that ethereum still to strong Wink
regards

ETH has a huge volume of compatible user base.  ETH value has been very solid over time, even with new ATH today - $ 2k7.  That said, the trend in the future is very unpredictable.  But for now, ETH cannot be beaten by BSC, it remains the king of altcoins.  CZ burned the token, if prevailing in the future, BSC could completely become a heavyweight opponent for the altcoin throne.  But for now, do not vaguely judge, it is myopic and unfair! Grin
Yes, BSC is burning a lot of stages to create a huge amount of traction in the community, such a perfect boot style is a way to grow in the short term but the nature of these methods is similar to manipulation, each activation will have to slow down a few moments for the community to accept such a price. Therefore, it is still difficult for BSC to become a new king and create its era, don't forget that ethereum's network scope and the method it is taking, virtually eliminating weaknesses, what BSC will be able to do to stay competitive, very little hope
sr. member
Activity: 1176
Merit: 252
I believe by now, ETH team has already seen the popularity of BSC in the market. I don't think they are sleeping on this development. Who knows, we will be surprised at the end of this month by some progress coming from ETH? I don't think ETH team will fail its supporters. This is why we can see that it can keep its price above 2k level despite the fact that they still have gas fee problem. The supporters have faith on them.
You are right ETH gave us a surprise at the end of the month, just look at the current gas prices are very low and unusual. Will ETH's glory return soon and the BSC hype will soon fade away?
A few days ago the ETH transaction fee fell below 100 Gwei and even below 50 Gwei, but today it has again increased above 100 Gwei.
Even though the transaction fee drops below 100 Gwei, it is still cheaper BSC than ETH.
What makes BSC even more popular is because of its cheap transaction fees and has a strong ecosystem and community, then supported by the main exchange, Binance
full member
Activity: 826
Merit: 104
Although the experience of using BSC is better, but I still prefer to use ERC20 because it is familiar. Agree that they are quite similar, but I refer to BSC coins as the update of ERC20, I see people complaining and comparing their processing speed and cost with each other. Right now, the advantage is in favor of BSC, but as you can see it only takes a small change, the user will immediately come back and use more ERC20.
full member
Activity: 1428
Merit: 120
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How you could say that ? Ethereum is still way more secure then bsc nowaday. Bsc only have 200 nodes for its network. Meanwhile ethereum have thousand and thousand nodes all over the world. It is still too early to say that bsc could replace ethereum.

indeed, its to early for BSC to replace ethereum,
because there is a lot of factors for BSC to be the best altcoins in the markets,
beside that ethereum still to strong Wink
regards

ETH has a huge volume of compatible user base.  ETH value has been very solid over time, even with new ATH today - $ 2k7.  That said, the trend in the future is very unpredictable.  But for now, ETH cannot be beaten by BSC, it remains the king of altcoins.  CZ burned the token, if prevailing in the future, BSC could completely become a heavyweight opponent for the altcoin throne.  But for now, do not vaguely judge, it is myopic and unfair! Grin
legendary
Activity: 2674
Merit: 1226
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I believe by now, ETH team has already seen the popularity of BSC in the market. I don't think they are sleeping on this development. Who knows, we will be surprised at the end of this month by some progress coming from ETH? I don't think ETH team will fail its supporters. This is why we can see that it can keep its price above 2k level despite the fact that they still have gas fee problem. The supporters have faith on them.
You are right ETH gave us a surprise at the end of the month, just look at the current gas prices are very low and unusual. Will ETH's glory return soon and the BSC hype will soon fade away?

Gas prices are low but I hope that's not so much because of a lack of demand and because defi people have all moved to Binance... even if so it shouldn't be a very permanent move once ETH 2.0 comes around the security and ease of use should convince people to come back to it.

BSC hype is still quite strong though don't be surprised if it stays around til 2022 and beyond.
sr. member
Activity: 1050
Merit: 383
BSc-based projects look like they will dominate trade at this time. and I am worried, if this incident continues then the eth era will really sink
You shouldn't be too quick to speculate like that, we don't know what Vitalik and CZ are planning to do because erc20 and bep20 are almost similar and the most obvious thing is the different transaction fees.

eth will definitely continue to survive even though bsc is increasingly in the interest of many developers.
jr. member
Activity: 406
Merit: 1
BSc-based projects look like they will dominate trade at this time. and I am worried, if this incident continues then the eth era will really sink
copper member
Activity: 1400
Merit: 103
I believe by now, ETH team has already seen the popularity of BSC in the market. I don't think they are sleeping on this development. Who knows, we will be surprised at the end of this month by some progress coming from ETH? I don't think ETH team will fail its supporters. This is why we can see that it can keep its price above 2k level despite the fact that they still have gas fee problem. The supporters have faith on them.
You are right ETH gave us a surprise at the end of the month, just look at the current gas prices are very low and unusual. Will ETH's glory return soon and the BSC hype will soon fade away?
hero member
Activity: 1638
Merit: 518
well , i dont really care about the Era, i just following the trend Cheesy , and nowdays trend is BSC , CZ always shill the BSC project everyday, its a good thing somehow, but of course, if we look at that , its seems to centralized, probably because BSC project lack of exchange listing , but nevermind, even ETH top project can be manipulation so easly.
full member
Activity: 1904
Merit: 138
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Despite high gas fees, Etherium is still the top player in altcoins and has the most projects on its platform. There are plenty of competing chains including BSC and there is room for all.
We cant deny that BSC is really getting some serious attention now but still ETH couldnt really just those things to happen for it to be overtaken with other altcoin in the market.

Consider that DeFi's are still on trend now which would really be fuelling up when it comes to liquidity or total volume thats why its really hard to beat it up with that easily.

How much more if they do manage to suppress the current erc20 fees once again just like the old days?

I believe by now, ETH team has already seen the popularity of BSC in the market. I don't think they are sleeping on this development. Who knows, we will be surprised at the end of this month by some progress coming from ETH? I don't think ETH team will fail its supporters. This is why we can see that it can keep its price above 2k level despite the fact that they still have gas fee problem. The supporters have faith on them.
hero member
Activity: 2856
Merit: 769
Despite high gas fees, Etherium is still the top player in altcoins and has the most projects on its platform. There are plenty of competing chains including BSC and there is room for all.
We cant deny that BSC is really getting some serious attention now but still ETH couldnt really just those things to happen for it to be overtaken with other altcoin in the market.

Consider that DeFi's are still on trend now which would really be fuelling up when it comes to liquidity or total volume thats why its really hard to beat it up with that easily.

How much more if they do manage to suppress the current erc20 fees once again just like the old days?
sr. member
Activity: 798
Merit: 263
Despite high gas fees, Etherium is still the top player in altcoins and has the most projects on its platform. There are plenty of competing chains including BSC and there is room for all.
hero member
Activity: 2562
Merit: 659
Dimon69
Will need time but for simple reason like Fees in ETH  blockchain maybe people already can see how it is in future. Because now need almost hundred dolars only to pay fee in ERC20 token or maybe send ETH itself and if there are a lot of project that used BSC chain, it can possibly replace ETH although need time.
the transaction fees of ETH is too high to handle that we find alternatives to a much cheaper cost. Its quite hard to determine how ETH will resolve the issue that shifts their supporters into different coins and platforms. I prefer using more of BSC now and XRP in doing transactions to avoid high fees. Maybe if Eth 2.0 willl be developed thats the time ut can regain its investors trust back.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
Project developers have started to notice the signs of the rise of the BSC, and most of them have switched to use the BSC platform. This is a huge threat to the Ethereum smart contract, if BSC adoption is more developed than Ethereum, then as you have said the Ethereum Era has ended.
Now BSC has received full support from the developer, moreover the cost is of sending BSC is cheaper than the Ethereum platform, Low fees will be a very strong attraction for developer and they will try to steal the attention of Binance, so that their coins can be listed on binance.
legendary
Activity: 2366
Merit: 1195
Will need time but for simple reason like Fees in ETH  blockchain maybe people already can see how it is in future. Because now need almost hundred dolars only to pay fee in ERC20 token or maybe send ETH itself and if there are a lot of project that used BSC chain, it can possibly replace ETH although need time.

Current situation with Ethereum fees has improved. If few months ago, 100+ gwei was considered as normal, last days ethereum transaction fees were around 50-70 gwei. Dont know what is a reason of such reduction, but hope that this was caused by Berlin release.

Anyway, BSC users mostly use or projects migrate from ETH to BSC blockchain due to lower fees. Now as fees are tend to lower, another outflow from BSC will happen. I'm not predicting that Binance era wont start, but Binance Smart Chain and Ethereum blockchain will go toe to toe now.
sr. member
Activity: 2114
Merit: 268
Leading Crypto Sports Betting & Casino Platform
Will need time but for simple reason like Fees in ETH  blockchain maybe people already can see how it is in future. Because now need almost hundred dolars only to pay fee in ERC20 token or maybe send ETH itself and if there are a lot of project that used BSC chain, it can possibly replace ETH although need time.
sr. member
Activity: 882
Merit: 269
It must be admitted that Binance's popularity is increasing since Ethereum gas fees are very high and Binance provides a solution by creating a BSC.
So starting to switch Ethereum users to using BSC, but the problem is Ethereum has a very large and loyal community. And even Ethereum users still
have confidence that gas fees will decrease. So it's too early to actually say the Ethereum era will end and be replaced by the Binance era. Moreover,
we should not underestimate Ethereum which has been in the crypto industry for a long time,  so they must have more experience to be able to
compete against Binance. We'll see if it is true that Binance can beat Ethereum

Can't deny that Binance was now a popular blockchain mostly used by the new rising projects and ICO. And I believe that one of the reason why Binance Smart Chain was now widely used as blockchain was because of the affordability of BSC compare to ERC. However, having ETH as a blockchain was still worth it and valuable but due to high gas fee of ETH that is why the rising of Binance Era increasing as it is expected.
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