Give reasons why ETH is better than BSC - page 11.

7788bitcoin

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Quote from: Willitivity on April 22, 2021, 07:44:27 PM

ETH network is currently expensive to use but I know this would be a thing of the past once ETH 2.0 comes online with full swing. Both networks shouldn't be compared even though BSC was created to fill in for some of ETH biggest issues.

Only time will tell whether the ETH 2.0 will make any difference in the fees we are encountering right now, if you want to compare it is possible that BSC does have a working model because it is not that decentralized like ETH and you only need a few node confirmation to get the confirmation and so is the reason the transaction charges are low.

The advantage is that BSC has a huge financial backing from CZ and they are monopolizing the market and you should not be surprised if they fork the coin without any consensus if there is a hack in the network Grin

. The same can be said about ETH when i comes to consensus as they hard forked from ETC chain without consulting much.

Willitivity

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Quote from: Distinctin on April 22, 2021, 07:19:43 PM

Investors will never look into that and find who is better and who's not. What most important is that we are safely investing the right coin and could benefit in the future.

But for me, ETH has been proven for a very long-time, while BSC is a new project. Maybe we could expect BSC for great help and impact to the market but not that much as ETH's capabilities. It is still a long way to go before BSC was able to compete against ETH.

But Smart chain is just another one of those networks that are built/tweaked to work side by side on ethereum platform with less fees. So there is mo comparison to even begin with in the first place except we are talk talking from a pricing and investment perspective of both two networks. ETH network is currently expensive to use but I know this would be a thing of the past once ETH 2.0 comes online with full swing. Both networks shouldn't be compared even though BSC was created to fill in for some of ETH biggest issues.

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Quote from: ElaineGanda on April 22, 2021, 07:02:34 PM

First thing first, it shouldn't be big deal whether which among the two are better. They serve their own purpose on crypto market, they are design with different and unique purpose. But to answer the question, I think eth have the advantage when it comes to nodes. Nodes of eth are much more compare to bsc

Investors will never look into that and find who is better and who's not. What most important is that we are safely investing the right coin and could benefit in the future.

But for me, ETH has been proven for a very long-time, while BSC is a new project. Maybe we could expect BSC for great help and impact to the market but not that much as ETH's capabilities. It is still a long way to go before BSC was able to compete against ETH.

ElaineGanda

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Futurov

First thing first, it shouldn't be big deal whether which among the two are better. They serve their own purpose on crypto market, they are design with different and unique purpose. But to answer the question, I think eth have the advantage when it comes to nodes. Nodes of eth are much more compare to bsc

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Quote from: FloridaKid on April 16, 2021, 09:12:21 AM

I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.

If the cost of gas decreases, I will return to the ETH network myself. In recent months, a sharp increase in network fees has forced me to convert coins and leave the ETH network.
Imagine I have to pay $ 25 for a $ 50 transfer! Undecided

This is incomprehensible to me, and if this network is improved, we can hope that the previous fans will return to this network.

First, the people that understand the situations of the Ethereum network never leave or stop using it so they need to return.
Second, there's no way you'll need to pay $50 as a gas fee to send a $50 transaction if the receiver address is not a smart contract-related address.

Back to the OP question, ETH is better than BSC in spite of the cheap and fast transaction BSC provided because what CZ Binance and his team do is to edit the ETH concept to create BSC don't know if this is an idea of the ETH team business deal with CZ because ETH network ought to be better by now.

KimmyF

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Quote from: FloridaKid on April 16, 2021, 09:12:21 AM

I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.

The The main points you are already indicate ( centralized and decentralized). Without any doubt ETH will hold it's popularity after minimizing this transaction cost. Ethereum community has much stronger community. Ethereum blockchain is more usable than BSC wallet. Popularity, trusted and comports those service I found in the Ethereum blockchain. I don't like Binance monopoly, so I will choose Ethereum between this two altcoins.

YuginKadoya

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I think this depends on what coin you are holding, I am not biased with both coins and I like them both equally but back then a lot of token and coins revolves around ETH and that is a good thing for both ETH and BTC and back then BNB is running through the Ethereum Blockchain if the token or the coin below BSC blockchain is making good progress I think both BNB, BTC, and ETH will sure profit in this,

But ETH is still ETH I think it will remain 2nd to Bitcoin because it establishes many fundamentals for BNB to take over, but will you not take profit for what BSC is doing?

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great community that is very loyal. their loyalty is able to keep ethereum in position even though the problem is still not resolved. there are many better platforms, but they don't have as many users, this is what ethereum provides with other platforms.

Btcvilla

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I love ethereum and more saving assets holding than other coin, ethereum allow with bitcoin price during never have bad news for bitcoin ethereum always potential back to higher price. You check when ethereum dip price last two years under $100 and now see what happen with ethereum can back above $2,500.

geegaw

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Quote from: Amejoaquim on April 22, 2021, 07:03:20 AM

In this current situation I'm not sure ethereum can survive as the king of altcoins.

BSC has grown very rapidly in recent years and is very inversely related to Ethereum.

Even though the fee issue has been resolved, I'm not sure Ethereum can take he's glory back.

You should understand that the value of these two products is relatively different, while ethereum has reached saturation points and it takes more time to break out, the BSC network is only in the start-up phase, it grows faster because the good activity is normal but the saturation point will appear soon for any project, the comparison right now will be more solid. For now, I still appreciate the old project as ethereum, its path of glory is probably just coming back, too soon to talk about BSC's new mission.

Imran232

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Yes you got the right point that is Erc20 is decentralized means fully decentralized where bsc is centralized and bsc is controled by binance exchange that is why bsc has a lowest fees. Because binance controled the gas fees. What is most problem in erc20 what people faces at this time. Otherwise erc is best from all the site then bsc. And we believed that the problem we face with erc20 it will be fixed Very soon. But there is another thing where bsc gose top. Because of fees problem lots of project Switch to bsc network thats why bsc got a push. So if eth wants to keep in this competition eth should be fix the problem soon.

carrie_white

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In my opinion, of course BSC is better than ETH in terms of gas fees, because BSC gas fees are much cheaper than ETH. but on the other hand, ETH is a big altcoin that has been around for a long time, and has integrated with many other exchanges and altcoins, so I think ETH only loses in terms of gas fees.

akgandalf

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The bsc network is better in the current situation. There is excessive density in the ethereum network and the fee fees are also very high. For this reason, quite a few new tokens have started to appear in the bsc network recently.

kevindjunaidi

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do not need a reason, we can see directly from reality, that is :
1. Ethereum is in 2nd place while Binance is in 3rd place on coinmarketcap
2. Ethereum has a higher volume (24h) than Binance
3. Ethereum has a greater market cap dominance than Binance

then there are still many new projects that use Blockchain from Ethereum rather than BSC and of course Ethereum is more popular than BSC at this time, that's why Ethereum is better than BSC.

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Quote from: _IRMAN on April 22, 2021, 07:51:30 AM

The advantage of eth is that it is decentralized which does not allow the price of a coin to be manipulated, because all coins are held by the community.

it was true, but it didn't seem like it would work 100% right. we have to see how that manipulation can be done. all that can be done from the exchange, also from the developer himself. or from the community itself. actually, ethereum is inseparable from manipulation.

maybe this problem will focus more on network usage. we can see that currently, more new projects are coming to the BSC chain. because the main problem at the moment is the transaction fee. there are even some projects with ethereum average also eventually migrating to the BSC chain.

to choose which one is the best, I'm still having a hard time. I am comfortable using the BSC and still use the ERC20 even though it costs more.

_IRMAN

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The advantage of eth is that it is decentralized which does not allow the price of a coin to be manipulated, because all coins are held by the community.

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Quote from: aprilnot on April 22, 2021, 01:49:46 AM

ethereum has been around for a very long time and has a very loyal community. the role of the community in ethereum is very large and important. those who made ethereum remain in 2nd place despite knowing that there is currently a problem. if this were the case on another platform, maybe we'll see the downfall that occurs. but otherwise ethereum is not like that. bsc might be good, but if this platform had problems like ethereum, would it end up being the same?

For me Ethereum was still and always the dominant altcoin existed. However, the drawback of having a high gas fee of ethereum drags it down and also maybe one of the reason why the new rising altcoin projects choose to have a Binance Smart Chain than ERC. But the mere fact that the community was still believing in loyal in ethereum its a big factor to consider why ethereum is still better, also the market worth of ethereum was still amazing.

MonaLeeTracy

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I think Ethereum is currently doing better in terms of project development. because the ERC-20 is now much less than the BSC in terms of a scam project. Shittoken is currently so much on the BSC network. Everyday fraud schemes are created. and it is now a thing that many people like. the BSC community supports new projects because they can benefit fantastically

Amejoaquim

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In this current situation I'm not sure ethereum can survive as the king of altcoins.

BSC has grown very rapidly in recent years and is very inversely related to Ethereum.

Even though the fee issue has been resolved, I'm not sure Ethereum can take he's glory back.

Sindicatout

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Quote from: FloridaKid on April 16, 2021, 09:12:21 AM

I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.

It seems to me that it does not matter which will be better. It is important that transactions are fast, without any problems, and most importantly, that the commission is not as huge as we see on the ETH network.

Topic: Give reasons why ETH is better than BSC - page 11. (Read 3311 times)