It is very interesting to discuss a topic like this, ETH and BSC are the two giants that are most reckoned with today. ETH and BSC have their respective advantages and disadvantages, but for now they are still the best.
-The drawbacks (BSC) are in terms of control which looks very centralized and is likely still in Binance's own hands, meanwhile ETHEREUM is more decentralized.
-Meanwhile, the problems facing Ethereum are in terms of FEE, high fee make most developers prefer BSC to ETH, and the process of sending tokens at BSC is very fast.
Ethereum parties must immediately solve the problem they are facing in the near future, maybe Eth 2.0 will be the answer to solve the fee problem. But if the adoption (BSC) is growing compared to (ETH), it could be that ETH will get a serious threat from the BSC.
Topic: Give reasons why ETH is better than BSC - page 16. (Read 3396 times)
I've seen projects running on BSC right now but having ETH 2.0 smart chain on their roadmap, the truth is many projects can still switch back to ETH in near future, I don't believe that BSC is the end of ETH, the future looks brighter for Ethereum
Obviously, BSC is not the end of Ethereum, even now the price of Ethereum still tends to go up when the problem of transaction fees is still not resolved and is still very high at the moment, so in general BSC and ETH are two very wise choices to use in the crypto space. 
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 think the reasons for your topic are below.Quote
That said, the Binance Smart Chain is not an exact replica of the Ethereum blockchain. ... The Binance Smart Chain allows for higher gas limits which allows for more transactions to be squeezed into each BSC transaction block. While Ethereum struggles with high gas fees, BSC users pay only a few cents to move funds.
You should read more about crypto, especially BSC and ETH.Source: Is the Binance Smart Chain the real Ethereum killer?
I hope you understand the reasons.
without prioritizing one another, I still support Eth and Bsc have given their own color in every exchange at this time. both Eth and Bsc I feel happy because both of them have been of great benefit to us who are only small traders.
BSC is only a support network on the ETH network AFAIK, and also they had a compatible network that everyone can use by transferring assets.
For me, these are the reasons why ETH is better than BSC.
It might the reason is the gas fee of ETH people switching to BSC, once this might be solved on ETH2.0, it will probably back to normal for the BSC.
For me, these are the reasons why ETH is better than BSC.
- ETH has a thousand active system validators
- ETH is completely more decentralized compared to BSC.
- ETH is good to keep as an assets
It might the reason is the gas fee of ETH people switching to BSC, once this might be solved on ETH2.0, it will probably back to normal for the BSC.
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.
There are some people that still after all this time haven't learned anything. Centralization is a major problem when we are talking about digital currencies.
The results of centralized digital currencies before Bitcoin are what these guys have to learn about.
It is very obvious at times that CZ hasn't studied cryptocurrencies very well and doesn't understand why decentralization is of utmost importance. I don't like making grim predictions, however I won't be using Binance or the Binance Chain and feeling "safu".
The future is decentralized.
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 we have to wait for at least 5 years and see how BSC performance and then have to compare it to ETH. It could now that people are appreciating BSC as the ETH gas fee is really high but I don't know if these people will keep using BSC once the fees issues will be resolve. I was still expecting these people will turn back using and investing ETH again. Honestly, I still choose ETH even I was badly disappointed with the fees.
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Well, for me, I think every one before me have said that which I had in mind to say, but I will still say, binance chain is highly centralized while Ethereum is not, and I think that its due to Ethereum decentralization that made it difficult for the developers to find a permanent solution to the high transaction fees issues, even the berlin fork which happened I think yesterday even made the high fees worst from my observation, I've always said it and I will still say it again, Ethereum(ETH) would have been worth far more than what it's currently worth but due to the high fees, alot of projects moved to binance chain which is what gave BNB the value it currently have, if Evantually Ethereum is able to solve its high transaction costs issues,, I believe bnb would never be worth close to what eth will be worth in the future.
And the answer the question directly now, Ethereum is decentralized while binance chain is highly centralized, and dapps are easier to build on Ethereum blockchain more than it is to build same dapp on binance chain.
And the answer the question directly now, Ethereum is decentralized while binance chain is highly centralized, and dapps are easier to build on Ethereum blockchain more than it is to build same dapp on binance chain.
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 hope so but im not yet seeing any impact caused by berlin update that already executed recently. The decentralization of ethereum is good but at the same time this makes ethereum a bit difficult to implement the solution to fix the scalability problem.
I think that there's another reason just like ethereum is quite simple to be used to build dapps but binance is also adopting the mechanism that used by ethereum.
Both were almost the same platform at this moment. The only thing that makes both different were decentralization.
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.
Both are clearly different and have their respective advantages so that they will also have different victories, currently Ethereum is still very strong and alive even though the problem of transaction fees is still very large, but BSC is also unique in the same way, which is cheaper when doing it transactions, but on the other hand there is also the uniqueness of ETH that is not owned by BSC at this time.
ETH and BSC are two different blockchains, but the bridge of BSC is 100% compatible with ETH and everyone can use the same wallet address.
ETH has developed DAPP on its blockchain with hundreds of different projects. It beds as a more mature ecosystem, a larger community, and more decentralized despite the high transaction costs at present. BSC looks fresh, costs less and gets better hype.
I noticed that BSC is just a copy of ETH with low transaction costs. Maybe it inherits ETH's downsides. In the future, what will developers develop on BSC to enrich BSC's ecosystem?
I hope ETH can upgrade its blockchain for greater cost reduction and scalability. If they fail, it would mean the end of ETH's dominance over altcoins.
ETH has developed DAPP on its blockchain with hundreds of different projects. It beds as a more mature ecosystem, a larger community, and more decentralized despite the high transaction costs at present. BSC looks fresh, costs less and gets better hype.
I noticed that BSC is just a copy of ETH with low transaction costs. Maybe it inherits ETH's downsides. In the future, what will developers develop on BSC to enrich BSC's ecosystem?
I hope ETH can upgrade its blockchain for greater cost reduction and scalability. If they fail, it would mean the end of ETH's dominance over altcoins.
I've seen projects running on BSC right now but having ETH 2.0 smart chain on their roadmap, the truth is many projects can still switch back to ETH in near future, I don't believe that BSC is the end of ETH, the future looks brighter for Ethereum
decentralized, because the BSC looks very centralized.
but looking at it from a different perspective, I don't think this is a good thing either. sometimes a centralized system is needed. Look at ethereum right now they are having a hard time because of their system, ethereum is having a hard time overcoming a seemingly simple problem. compared to BSC which has no difficulties and can survive with a low fee. So I don't think there is any good comparing ethereum to BSC these days. BSC looks superior.
care to explain what is the problem that prevented Ethereum overcoming its issue because of its semi-decentralization system? but looking at it from a different perspective, I don't think this is a good thing either. sometimes a centralized system is needed. Look at ethereum right now they are having a hard time because of their system, ethereum is having a hard time overcoming a seemingly simple problem. compared to BSC which has no difficulties and can survive with a low fee. So I don't think there is any good comparing ethereum to BSC these days. BSC looks superior.
Bsc looks good now because it is cheap compared to Ethereum nothing else but that.
scaling? do you know something happened too with Binance chain a few days ago causing the transaction to be backlogged for a few hours? centralization is not needed at all, unless you are looking for censorship.
If you things BSC is don't have any problem right now.
I have some thread or tweet on twitter there has some issue on PancakeSwap, BSC transaction reached 1 million block delayed on PancakeSwap. This problem could be same as ETH with transaction problem make some AMM exchange build on BSC was also got the problem as well.
Still waiting for ETH 2.0 will be solved gas issue or not.
I have some thread or tweet on twitter there has some issue on PancakeSwap, BSC transaction reached 1 million block delayed on PancakeSwap. This problem could be same as ETH with transaction problem make some AMM exchange build on BSC was also got the problem as well.
Still waiting for ETH 2.0 will be solved gas issue or not.
decentralized, because the BSC looks very centralized.
but looking at it from a different perspective, I don't think this is a good thing either. sometimes a centralized system is needed. Look at ethereum right now they are having a hard time because of their system, ethereum is having a hard time overcoming a seemingly simple problem. compared to BSC which has no difficulties and can survive with a low fee. So I don't think there is any good comparing ethereum to BSC these days. BSC looks superior.
but looking at it from a different perspective, I don't think this is a good thing either. sometimes a centralized system is needed. Look at ethereum right now they are having a hard time because of their system, ethereum is having a hard time overcoming a seemingly simple problem. compared to BSC which has no difficulties and can survive with a low fee. So I don't think there is any good comparing ethereum to BSC these days. BSC looks superior.
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 hope so but im not yet seeing any impact caused by berlin update that already executed recently. The decentralization of ethereum is good but at the same time this makes ethereum a bit difficult to implement the solution to fix the scalability problem.
I think that there's another reason just like ethereum is quite simple to be used to build dapps but binance is also adopting the mechanism that used by ethereum.
Both were almost the same platform at this moment. The only thing that makes both different were decentralization.
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.
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