Give reasons why ETH is better than BSC - page 13.

H1N1

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Quote from: btc-facebook on April 17, 2021, 06:27:51 PM

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.

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.

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Quote from: rodskee on April 18, 2021, 05:41:59 AM

Sorry what Glory is needed to reclaim ? when ETH still holds the Rank 2nd and the Highest Capitalized altcoin in the market.

Basically From my perspective Ethereum was Dying Slowly, Tons of new project especially DeFi, NFT and other different Concept starting to adopt BSC, Matic, Tron or other alternative since Ethereum Network was overloaded. Yes it's still on 2nd Position with highest Cap Alts out there but we are talking about long term for this one, For some whale or other big entities it won't becoming an issue but for some small people on the community like me, Paying $30 For $50 Transaction value is ridiculous.

Quote from: rodskee on April 18, 2021, 05:41:59 AM

But sorry for Being Noob here But what is BSC? I don't pay attention to BS coins .

I'm also noob and all of us is noob too, BSC is Binance Smart Chain, Copycat from Ethereum with 1:1 Similarity only it was PoS and Centralized (For Now). It's backed by one of the biggest crypto Exchange, Binance and if Ethereum Network continue like this i suppose BSC will Replacing Ethereum in the next 2-5 years, Well let's wait till ETH 2.0 Implemented and hope everything will becoming much better.

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Quote from: FloridaKid on April 16, 2021, 08:12:21 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.

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.

rodskee

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Quote from: FloridaKid on April 16, 2021, 08:12:21 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.

Sorry what Glory is needed to reclaim ? when ETH still holds the Rank 2nd and the Highest Capitalized altcoin in the market.

But sorry for Being Noob here But what is BSC? I don't pay attention to BS coins .

Quote from: Godwinpaul on April 17, 2021, 08:51:12 PM

The major issue we have with ethereum is the issue of increasing transaction fee. If the ethereum 2.0 could fix it, then ethereum could get back it's lost glory. BSC seems more central than decentralized to me and before long the issue may surface.

I believe that is one of the most objective of why Ethereum 2.0 was created and that is the Transaction fee lowering .

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Quote from: FloridaKid on April 16, 2021, 08:12:21 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.

I can quote two, which I think is enough for anyone to understand why Ethereum is still better than BSC.

1. Ethereum is decentralized
2. BSC is a replica of Ethereum

If Ethereum is able to work on the high gas price then you will see everyone again flocking back to ethereum, till it happens BSC will get reap Ethereum profits.

armanhusni

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Quote from: FloridaKid on April 16, 2021, 08:12:21 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.

maybe what you mentioned is a problem that is still being experienced by ethereum, the problem of very high gas costs has not yet been resolved, in my opinion if this kind of incident will continue with ethereum, it is possible that Binannce will take this opportunity. for now it is true that ethereum is still the best when compared to some other alt, but it is also possible that ethereum will also be eliminated.

Bitstar_coin

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I don't think there is any significant reason why eth is better than bsc other than eth is the first blockchain with smart contract functionality with huge user base, while in the case of bsc there is a reason why people prefer it over eth now, cheaper fees which is a important factor in the crypto space. Bsc has come to stay even eth transaction fee was later fix or not.

martina14

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Quote from: FloridaKid on April 16, 2021, 08:12:21 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.

Literally speaking, ETH is better than BSC in terms of their price value in the market.
But when it comes to transaction charge ETH is not good at it, instead BSC is much cheaper. But when it
comes to the development I think ETH is still more ahead of BSC in my own view of opinion anyway.
But in terms of trading in the platform in terms of trading fair, I doubt ETH is good at the moment.

inanilujimi

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For now Bsc is far superior and has solved the problems that exist with ETH, we can see that in terms of daily trading volume currently BNB is far superior and the Dapp in BNB volume is much larger than that in ETH, so it seems that when this ETH is obsolete. although there are plans for ETH 2.0 but it looks like it will take quite a long time and of course Bsc continues to move away surpassing ETH.

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Problem of eth is now high traduction fees in usd. Price of eth already increased lot. And i think that's why transaction fees increased in usd. Some people not happy for this. From my side, I am also not happy only for this high fee. Hope v2 will fix it.

Now, BSC is good for low transaction fees.

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Some properties of Ethereum:
- Advantages: Strong community, reputable development team, large capitalization, the first blockchain using smart gossip, high decentralization;
- Disadvantages: slow speed, 15tps, very high transaction cost;

Some properties of BSC:
- Advantages: high speed, cheap cost, large ecosystem;
- Disadvantages: low decentralization, new blockchain.

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Quote from: FloridaKid on April 16, 2021, 08:12:21 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.

They are centralized. You are wrong when you said that Ethereum network is decentralized. If Ethereum is really decentralized, Vitalik and Ethereum team don't resolve the problem after the DAO hack and cause the fork of Ethereum and Ethereum Classic.

BSC give us lower fee for transactions and swaps and that chain is better for fee savings. It is absolutely inaccurate if you say Ethereum is decentralized and it will be more decentralized with PoS. ETH 2.0 with PoS will make the network becomes more centralized.

Godwinpaul

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The major issue we have with ethereum is the issue of increasing transaction fee. If the ethereum 2.0 could fix it, then ethereum could get back it's lost glory. BSC seems more central than decentralized to me and before long the issue may surface.

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Quote from: FloridaKid on April 16, 2021, 08:12:21 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.

What happens to ETH now, experiencing huge fees is a part of its development process. This will soon resolve for sure.
Those who trust ETH will keep their patience but for those who are not, they will simply leave it away. But I'd never think that there is a need to reclaim, in fact, the value of ETH still high and this means that people are still using ETH rather than pushing themselves to adopt BSC.

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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.

kevinzxz

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There is only one reason, because Ethereum is the first blockchain to introduce a smart contract system, so that Ethereum will remain popular and will continue to survive forever, so I think that BSC will only be a competitor to Ethereum, but will never replace Ethereum until whenever, especially if ETH 2.0 is launched, I believe the problem with Ethereum gas fees will be resolved (Ethereum gas fees will be low), so many new projects will use the platform (smart contract) from Ethereum again, because gas fees from Ethereum have become low.

7788bitcoin

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Quote from: imstillthebest on April 17, 2021, 10:07:51 AM

theres supporters left for eth because if we check the rankings eth maintain its spot next to btc and will be full again once the fee go back to normal . you already gave the best reason why eth is the better than bsc .

The promise of ETH going back to normal is said for a very long time and till now i have not seen any changes even though the developers are promising and hoping that everything will be back to normal in a couple of months which i highly doubt unless they successfully implement that upgrade.

Quote from: imstillthebest on April 17, 2021, 10:07:51 AM

i wont use bsc because its centralized because being centralized means they can froze your money .
i cant afford to loose huge money more than what i pay for the etherium fees . another advantage of eth is its available everywhere .

Lets be realistic here, do you think that the BSC chain will last if they start freezing money randomly, unless you are a hacker who stole some high profile coins i do not think that there is nothing to worry if you are using the token assets.

CaVO32

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Quote from: istiak2277 on April 17, 2021, 12:12:45 PM

Quote from: raidarksword on April 17, 2021, 07:49:56 AM

Gas has been a problem for ethereum that's why majority are prostrated about it, only whales can survive that kind of rich transactions. Once this congestion and gas problems are fixed I believed ethereum will reclaim the trust and services of everyone. BSC is a good addition too and that's what makes more healthy because of competition.

Eth gas fees were expected to be reduced a bit after the Berline update. Eth already losing its ground to the BSC network and many news projects are now choosing BSC for their product launches. Also, I saw some projects and using both networks especially some NFT projects like Dego. But in terms of community and security, eth is bigger than BSC.

As we all know, the major problem of eth network is the gas fees. So if in case, they will reduced a lil bit after this berlin hard fork this month, I believe, some will go back to ETH. People are just switching or going to BSC because of its fast and low fees, and okay, let us add the fact that it is managed by a top cryptocurrency exchange. However, if ETH will get back on having cheap fees, developers will choose ETH over BSC. And that we will see once ETH resolved this long-running problem.

JeffBrad12

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Ethereum doesn't even need to reclaim its glory as it's still placed at the top 2 but it needs an improvement to fix the tx fees and attract those who have been moving to the binance chain.
The centralization and decentralization could be the main thing that makes ethereum and binance different from one to another.
People only care about money and they didn't even care about that. The ethereum gas fees need to be fixed as soon as possible before binance will try to attract the new platforms to use it.
That will make ethereum to lose potential users.

Lordhermes

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Binance smart chain is taking over ethereum gradually, almost 90% of new projects are built on BSC and we all the know the reason why, it's unfair to pay high fee to transfer out small amount of token, it's really horrible and many people especially me are quiting to be using ethereum.

From what been said, Binance smart chain is better than ethereum for now, let's just wait for eth 2.0 to see if the changes can be better off.

Topic: Give reasons why ETH is better than BSC - page 13. (Read 3405 times)