Topic: Give reasons why ETH is better than BSC - page 12. (Read 3311 times)
BSC isn't the most perfect cos it has issue with delays once there are multiple transactions ongoing, also ETH owns BSC still because we still use our ETH address on BSC, the cheap transaction is the oy thing BSC have to offer, things will change once ETH fix it's high gas fee by July 2021
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?
Totally agree. Much respect for ETH. Technically there is an alternative to something. BSC just a sister copy of ethereum, but ethereum is the root of all the current development. If we ignore ethereum role, nothing will be exist at all. As far as I might be concerned, there's a sentiment works with ethereum. Feel so much lucky to have ETH and be involved in this community. 
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?
the fundamental difference does not only occur in decentralization or not, but more in the usage sector, but for now even in storage applications BSC and ETH can be compatible and can use the same wallet. it's just that the most obvious difference is the cost of this FEE that is being worried by many people about the high cost of fees
That proves that if BSC can be used in development for DEFI or another dapps that already exist on ethereum as well. There were lots of new platforms being developed on BSC. The volume of pancake already surpassed ethereum. The decentralization should become the main advantage of ethereum over BSC that fully controlled by binance. We can agree if BSC almost the same with ethereum in the technical comparison.
Ethereum better than bsc in term of its security. Because the nodes / miners spread wider then bsc. Look at bsc today, it start to have problem with its network. But..when we can reduce ethere gas fees ? No date and i think we would not seeing it in the near futures. It will take 2-3 years before ethereum can solve this issue.
to be honest, now bsc has offered something that ethereum simply doesn't have in the last 2 years, namely low fees and speed of transactions, although in some ways it can be said that ethereum is still the best platform right now and we know if ethereum is currently continuing to develop ethereum 2.0 to be even better in the future and the fact that there are still far fewer nodes in the BSC than on the ethereum platform, I am very sure if ethereum can reduce gas costs as low as possible, of course ethereum will return to the developer's choice crypto.
the fundamental difference does not only occur in decentralization or not, but more in the usage sector, but for now even in storage applications BSC and ETH can be compatible and can use the same wallet. it's just that the most obvious difference is the cost of this FEE that is being worried by many people about the high cost of fees
It is undoubtedly the fact that the reason many projects use BSC is due to the ETH gas fees, and if the gas fees return to normal, then many projects will leave the BSC, it is only a matter of time after the ETH hard fork, what will be upgraded on the ETH network,
and in my opinion if the ERC20 or BSC are both decentralized.
and in my opinion if the ERC20 or BSC are both decentralized.
I have same thought, gas fee in Ethereum network is a serious matter, although some people with huge amount of money don't care about it.
My question, will the ETH network upgrade make the gas fee back to normal ? If there is no change, then i think more people will prefer to use BSC than ETH network.
Just read EIP1559 here https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md for the upcoming famous London Hard Fork that is opposed by many miners. It's basically a change in calculation of gas that includes fixed-per-block network fee but the implementation is still in july and TBH it certainly gonna help ETH at reducing the gas price but also in my opinion won't affect that much since the underlying problem that ETH face with this high fee not only with the increase of average gas price but also because ETH itself getting pumped to the point it affects the fee because ETH price is quite high right now. 0.0001 ETH in the past when rate still $400 was 0.04 USD now it's 0.23 USD
ETH has a loyal following from institutional investors, the activated ETH model is at the heart of projects, applying DApps, and more importantly, the close association with Defi, NFT. Although the assessed gas fee(BSC) is almost 100 times lower than ETH, that will not change the position of ETH. The welcome day for ETh 2.0 is very close. Will it be the day to decide the fate of ETH and BSC to change direction or not? Personally, I still trust ETH.
Judging from the two have their respective advantages and will certainly get different results, although the issue of transaction costs is still high, ethereum is still running and remains a priority in crypto, but BSC also has the advantage of providing low costs in transactions
Yes, because they both run on different paths so that they will never conflict with each other, the BSC runs centrally, whereas the Ethereum Network runs decentralized which will not interfere with the BSC in its path. 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.
Current GAS
Low
156 gwei
$7.58 | ~ 16 mins:0 secs
Average
176 gwei
$8.56 | ~ 2 mins:49 secs
High
242 gwei
$11.77 | ~ 30 secs
Is this something you called issues that had been solved? LOL!
The major reason i think the ethereum ERC20 blockchain is still ahead of the binance BSC blockchain is its versertility, the ethereum Blockchain has been used to develop a wide array of projects and is what birthed a lot of projects today.
However i love BSC because of the really low transaction fees, this is a real step in the direction of sustainable cryptocurrency usage
However i love BSC because of the really low transaction fees, this is a real step in the direction of sustainable cryptocurrency usage
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.
Decentralization? Isn't that enough? BSC is ruled by binance and their 21 validators, today we have seen how horrible it could get, we are facing why people are worried about something that might happen in the BSC world because Binance basically has to deal with everything and handle every problem, instead of letting the whole world fixing it for them. Which means BSC is a very very centralized project, I get the reasons behind it and why they are doing it but I still do not agree with them, and at the end of the day we are working towards something that would be simpler if they let people decentralize it.Since they do not do that, ETH is much better, it may be expensive, it may have high gas fee, but that doesn't change the fact that we made it that way, it's us, it belongs to us and that is why I like it. Don't get me wrong BSC is good too, it is just that ETH is better.
Judging from the two have their respective advantages and will certainly get different results, although the issue of transaction costs is still high, ethereum is still running and remains a priority in crypto, but BSC also has the advantage of providing low costs in transactions
BSC is an L1 blockchain that is actually a fork of Geth, which uses 21 trusted validation nodes, not proof of Ethereum 1.0's work, these 21 entities are all extrapolations from Binance and its leadership, entities that can even censor and reverse transactions.
Here, one could argue that being a centralized product, BSC captures value, but does so solely for Binance and BNB shareholders.
Instead, Ethereum captures value and returns it back to the ecosystem, either through ETH payments to Miners (or future validators), ETH holders under EIP1559, or implementation of smart contracts. In fact, one of 2.0's main prerogatives is to ensure a sustainable decentralized protocol.
To put it simply, while Ethereum is a self-perpetuating protocol, Binance Smart Chain is very centralized.
Here, one could argue that being a centralized product, BSC captures value, but does so solely for Binance and BNB shareholders.
Instead, Ethereum captures value and returns it back to the ecosystem, either through ETH payments to Miners (or future validators), ETH holders under EIP1559, or implementation of smart contracts. In fact, one of 2.0's main prerogatives is to ensure a sustainable decentralized protocol.
To put it simply, while Ethereum is a self-perpetuating protocol, Binance Smart Chain is very centralized.
ETH is better than BSC in every other thing except transaction fee right now and this doesn't mean that it will last long, so in near future ETH can take his place back from BSC but that won't make BSC get lost in crypto space, they will co exist and the real challenge will begins
ETH gas fees are indeed very high compared to BSC gas fees, but BSC is still relatively new compared to ETH. although ETH has a very high gas fee, eth has been around for a long time and has synced a lot with various altcoins. I am sure in the future Eth can find a solution to the problem of high gas fees
I still see it in a better position than the competition, and the future is the same if ETH really solves these problems then I'm sure everyone will celebrate it again.
I personally still really believe that ETH will be able to solve the problem itself, because until now nothing has been able to interfere with ETH's position in the crypto space, this indicates that ETH is a very strong token and not easy to beat.
Ethereum have many coin support and have old age year than BSC just support by little coin, I think if you have been in cryptocurrency during last three years you know how popular ethereum than BNB coin, many ICO success with using eth platform and still exist right now. Just weakness with higher fees transaction but ETH still have higher price than BNB.
I have same thought, gas fee in Ethereum network is a serious matter, although some people with huge amount of money don't care about it.
My question, will the ETH network upgrade make the gas fee back to normal ? If there is no change, then i think more people will prefer to use BSC than ETH network.
Upgrading the ETH network will certainly have a good impact on changes in gas costs, but whether it will change in a large amount, I also don't know, obviously there will be changes for that, if there is no change at all, then it is true like you say that is there will be more people using the BSC network to reduce excessive Gas costs via the ETH network. My question, will the ETH network upgrade make the gas fee back to normal ? If there is no change, then i think more people will prefer to use BSC than ETH network.
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.
First of all, I believe that ETH is not better than BSC, that is why I am not saying that its better. However if you want an answer some ETH fan person would say (I love eth too, I have some ETH too) I can tell you why. For example the best example I can give right now would be the fact that we are in a situation where ETH is still preferred even though the costs are literally 100x higher at some cases. Can you imagine that?Something is 100x times more expensive and people still prefer that. Think of two restaurants, one of them charges you 5 dollars, other charges you 500 dollars, and the one with 500 dollars is filled to brim? Even if the 5 dollar one is filled you would still prefer the one that is 500 dollars if you can afford it because everyone still goes there, if you can't afford you will go to 5 dollar one, that is why BSC is famous, it is still good, but it is cheap, whereas ETH is very expensive but its believed to be so much better.
Jump to: