Give reasons why ETH is better than BSC - page 3.

redwine49

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Quote from: secretgirl on June 01, 2021, 06:42:16 AM

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.

yes., ETH will reclaim its former glory if the gas problem is resolved and no longer a burden. we all know that ETH has been running longer than BSC. and ETH has been through various hacker attacks, and BSC has not been tested much because it is still relatively new to operate. ETH also proves that the reliability and security of its platform has been tested. I think ETH is still in high demand and will be victorious again.

Who said ETH lost? There is no story that ETH already lost with other altcoin. ETH still top 1 altcoin based on coinmarketcap
But people just need other altcoin because there is no room for everyone to use ETH network.

Skinny48

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ETH will be better once the eip1559 update is active, people are already saying bad things about BSC because of many new projects getting hacked on the blockchain, the truth is BSC might not have the same security protocol that are present in ETH blockchain

Lantind

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Quote from: Kena Banned on May 30, 2021, 07:22:52 PM

At the moment i think BSC Technology is better than Ethereum since BSC already use PoS mechanism while Ethereum still use PoW that hard to have scaleup.
But in the future when ETH 2.0 comes, i think its time to Ethereum to became the better platform against bsc.

Looks like you just woke up, so you need to know that now Ethereum is still above BSC because BSC is a new network created by Binance, that's the first thing you have to put in your brain now, and another thing is if you say Ethereum still using PoW which is difficult to upgrade, meaning you never saw the price of ETH at a number that has exceeded $ 4K in April, so you say that what is happening now is ETH against BSC, when in fact it is the opposite.

secretgirl

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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.

yes., ETH will reclaim its former glory if the gas problem is resolved and no longer a burden. we all know that ETH has been running longer than BSC. and ETH has been through various hacker attacks, and BSC has not been tested much because it is still relatively new to operate. ETH also proves that the reliability and security of its platform has been tested. I think ETH is still in high demand and will be victorious again.

bison

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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.

I agree with what you are saying, ETH is a big platform that will not be easily replaced, the switch to BSC is just an alternative, no one really throws it away, everyone is still waiting for ETH to solve the cost problem.

krky

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Ethereum is undoubtedly the king of smart contracts right now. every metric proves the domination of ETH network in attracting demand for decentralized apps, at the moment.

the core statistics of both ETH and BSC networks are showing everyday BSC lead in transaction volumes until now. this could prove the statement that people are tired of paying for gas and are looking for a solution that would help them to trade cheaper.

Also, its important not to forget about small traders, who sometimes need to pay half of the transaction volume as a gas fee.

matico

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I will give only one reason which supercede all other reasons. The fact that ethereum network is decentralized is more than enough reason why ethereum is better than binance smart chain. Ethereum is still working on it's decentalization and centralized coin usually have all the cards. They operate all the nodes and can make all the decisions!

TastyChillySauce00

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Quote from: sitbang on May 21, 2021, 10:37:07 AM

So ethereum is still better than BSc even though gas prices are too high eth altcoin is decentralized, and even though BSc coin is cheap gas price, BSc still needs time to create nodes and decentralize.

The gas problem is only temporary, there's already some 2nd layer solution for this (side chain) and really it's not such a big deal in the long term where eth 2.0 gonna increase the overall transaction per second of eth blockchain.
meanwhile binance smart chain gonna stay centralized where the validators fully controlled by binance. the main point here is, many people still prefer eth because the gas problem will eventually gets solved and theres many upgrade to the chain as well that gonna come making bsc soon to be obsolete.

Billo_

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Ethereum is decentralized, Binance is not.
It is a very important point to be decentralized to be safe from manipulation.
I would not touch Binance's coins because I don't see a good end here.

lepbagong

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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.

there are many other platforms that really want to replace the role of ethereum but it's definitely not easy, so is BSC, although there are many others to try. but slowly ethereum itself if it can go down the price will practically a lot of people return to the ethereum platform.

Quote from: hamba laeh on May 31, 2021, 06:23:33 PM

yes I agree with you. ethereum is still the best, although nowadays many people switch to bsc simply because bsc transaction fees are cheaper than eth. and I am sure that after the eth transaction costs recover, eth will be used again by many people. and we are all waiting for eth transaction fee recovery. I hope that in a short time everything will be resolved by Eth.

So far it hasn't been possible and it may be difficult, although many attempts to avoid the high fees will leave the ethereum platform. but if ethereum itself does not want to improve itself, it is not impossible that many are trying to replace it. but it is clear that ethereum will not stay silent, at this time they are indeed trying to improve themselves and waiting for the time to come and all will return to the ethereum platform.

Tervelatuk

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Quote from: hamba laeh on May 31, 2021, 06:23:33 PM

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.

yes I agree with you. ethereum is still the best, although nowadays many people switch to bsc simply because bsc transaction fees are cheaper than eth. and I am sure that after the eth transaction costs recover, eth will be used again by many people. and we are all waiting for eth transaction fee recovery. I hope that in a short time everything will be resolved by Eth.

ethereum core developers with doing the best to ethereum network so gas fee could be lower again . eventhough some project migrate to binance smart chain , but its still be most favourite assets that hold by investors. much traders or long investors buy ton ethereum when its price drop hardly, it mean we still believe eth as best assets.

hamba laeh

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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.

yes I agree with you. ethereum is still the best, although nowadays many people switch to bsc simply because bsc transaction fees are cheaper than eth. and I am sure that after the eth transaction costs recover, eth will be used again by many people. and we are all waiting for eth transaction fee recovery. I hope that in a short time everything will be resolved by Eth.

angrynerd88

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According my understanding both are clearly distinctive and have their particular preferences so that they will moreover have diverse triumphs, right now Ethereum is still exceptionally solid and lively indeed in spite of the fact that the issue of exchange expenses is still exceptionally expansive, but BSC is additionally one of a kind within the same way, which is cheaper when doing it exchanges,But now a days usage of BSC increasing due to low transaction fees while Ether gas fee is hard to afford.

redwine49

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Quote from: Blowon on May 31, 2021, 06:47:58 AM

Quote from: Wahyuihib on April 23, 2021, 08:34:16 AM

The cost of memnag gas is the main factor causing the turmoil in the current ethic body. why not, because for the shipping cost alone we need 0.005. this is a very painful thing for traders. indeed ETH will reclaim its glory, but that is not now

I have the same feelings as you. When I get tokens that have to swap in uniswap or the like it could have spent over $100 just for swaps, and sending to an exchange wallet could have spent about $10 more this was too big for me.

but you did it right? because it's easy after then you realize you paid a lot for just single transaction.
dexswap like uniswap cost you not only for transaction fees but but you also pay everyone who has liquidity in there

ingiltere

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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 you think ETH is not centralized you are very new to this market. BSC never roll back but ETH did in the past and that's why ETH is not as trusted anymore. Check out DAO hack and what Vitalik did in 2016. Read and learn why there are two Ethereum's, Ethereum (ETH) and Ethereum Classic (ETC). This is a serious problem in crypto-currency market. If you care about decentralization, the only true decentralized coin is Bitcoin. All other coins belong to somewhere or somebody one way or the other.

Blowon

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Quote from: Wahyuihib on April 23, 2021, 08:34:16 AM

The cost of memnag gas is the main factor causing the turmoil in the current ethic body. why not, because for the shipping cost alone we need 0.005. this is a very painful thing for traders. indeed ETH will reclaim its glory, but that is not now

I have the same feelings as you. When I get tokens that have to swap in uniswap or the like it could have spent over $100 just for swaps, and sending to an exchange wallet could have spent about $10 more this was too big for me.

erep

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I don't think ETH is better than BSC because i have to pay too high gas fee when using ETH network. Because of this high gas fee, i have left Uniswap and some Dapps built on ETH network. I move to BSC and i really love the tech here, gas fee and waiting time make me feel like BSC better than 10 times ETH.

ETH has fixed the biggest problem of user complaints, ETH gas fees have dropped dramatically at the moment and you can see that the current average gwei is only 18 or $0.79 and only $8 for the average trade fee at uniswap. I prefer a project based on ETH network over bsc because I hate rugpull.

Blowon

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I'm a big fan of BSC. and if I choose I will be more interested in BSC. but because you wonder why people still choose eth is, the high gas actually triggers a lot of good projects dieth, some successful ido on the platform eth despite the high cost of gas, I know some eth communities began to leave the chain eth as expensive as gas, but it will enter the whales are great because it has a good project on the eth chain.

ancafe

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Quote from: john1010 on May 31, 2021, 03:51:29 AM

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.

I disagree, eth will never be.. There's a lot of token today are using ethreum smart contract thousands of token can you imagine that load, because in my opinion they never prepare for this situation. BSC is very promising because they already anticipated the ETH problem.

well, at this time I also started to consider the BSC. however, the fee is very cheap and continues to grow, even many developers prefer to use BSC over ethereum today. however, the fees offered are very easy, and also very fast access. apparently, if ETH doesn't do development, BNB will take over ethereum's place.

neptunemutual

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We gave up on Ethereum and now building on Binance Smart Chain because of the always-increasing gas cost. The big advantage BSC has over other Ethereum-like blockchains is the support of the community. Binance on the other hand are also helping the adoption of BSC by refunding the GAS fees paid on the contracts:

https://www.binance.com/en/blog/421499824684901064/Introducing-the-BUIDL-Reward-Program-for-Binance-Smart-Chain

On one hand, there came a time (maybe still true today) where it costed around $1200 dollar to deploy a fairly simple smart contract on Ethereum. On the other hand, Binance are rewarding developers by refunding 30% of the GAS fees spent on their smart contracts. I mean, we are not too concerned about getting the 30% reward. But the way I see this is Binance is doing something to reward developers and boost the ecosystem. No matter how big or small it is, it is working to their advantage.

Coming back to why Ethereum is better than BSC, it is better because it more decentralized. But I can also argue BSC is better because they have faster and cheaper transactions. As we do not have thousands of dollars per contract to burn, I will happily incline more toward Binance Smart Chain because I believe it is a "practical" solution.

Topic: Give reasons why ETH is better than BSC - page 3. (Read 3311 times)