Topic: Is Binance Chain a treat to Ethereum? (Read 14681 times)
I believe that BNB is a big threat for Ethereum, because I do not know how much projects would built their smart contracts on Binance Chain, if Binance is going to provide a free listing or holding an IEO to support those projects.
It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.
I don't think that Binance Chain is a threat to Ethereum, because there are many of the people here in crypto world that Ethereum will surpass by XRP, BCH, BTG and more and yet Ethereum was still remain stable in the market. And besides, in some other businesses in the entire world that Ethereum was being accepted as mode of payment for some merchants.
It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.
I don't think that Binance Chain is a threat to Ethereum, because there are many of the people here in crypto world that Ethereum will surpass by XRP, BCH, BTG and more and yet Ethereum was still remain stable in the market. And besides, in some other businesses in the entire world that Ethereum was being accepted as mode of payment for some merchants.
In my opinion, the binance chain is not a threat to ethereum. The lunch of the binance chain is rather going through a hype and that is because most people are only excited about the prospect and don't have the full information about the concept. I believe with time the hype will be over and the true worth will be revealed.
It may seem so because of mass exodus of listed projects on Binance. The veritablity of the Binance Chain will be tested in the future on scalability, smart contracts which I doubt it can compete strongly on
We will see if Binance Chain with Binance DEX idea is just an idea or a new step to decentralization provided by Binance itself.
It is still early to say that Binance will replace ethereum, to defeat ethereum, of course, cannot work alone like now, needs help from other exchanges, and certainly this is difficult to achieve in the near future.
It may seem so because of mass exodus of listed projects on Binance. The veritablity of the Binance Chain will be tested in the future on scalability, smart contracts which I doubt it can compete strongly on
We will see if Binance Chain with Binance DEX idea is just an idea or a new step to decentralization provided by Binance itself.
Although Binance looks promising but they are only too dependent on the market exchange themselves, unlike ethereum which is a coin and spread a lot of exchange, I am sure Binance is difficult to beat ethereum in the near future.
at this rate BNB can quite chase soon https://www.coingecko.com/en/coins/binance-coin
Although Binance looks promising but they are only too dependent on the market exchange themselves, unlike ethereum which is a coin and spread a lot of exchange, I am sure Binance is difficult to beat ethereum in the near future.
Not much of a threat for ethereum because binance has no smart contract or am I wrong? Smart contract is the only thing standing between many other projects so bnb token is no threat and there are many other coins and tokens trying hard to beat ethereum down e.g tron, neo etc but from is the only threat I see
can be a threat to ethereum as far as issuing token
binance has the attraction
already 3 projects now on binance chain trading https://www.coingecko.com/en/exchanges/binance_dex
binance has the attraction
already 3 projects now on binance chain trading https://www.coingecko.com/en/exchanges/binance_dex
It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.
It is evident that after becoming a coin, Binance continues to perform well, and with the ever increasing volume of transactions, I'm sure Binance is an Ethereum threat like EOS or something else.
I do not think that the binance token will replace ethereum painfully many projects were replaced, but not a single one came out. Moreover, bnb is centralized.
Lol, I'm sure you're not a Binance holder because you don't know the latest news, now Binance has become a coin like EOS and now it's not a token based ERC-20 like before.
I do not think that the binance token will replace ethereum painfully many projects were replaced, but not a single one came out. Moreover, bnb is centralized.
I really consider BNB as an exchange coin and as such competing with the likes of ETH is definitely not their target area They had that plan of moving their ER Tokens long time, before anything set-forth so is very unlikely to compete with the second highest coin. Running their own Chain is sure a good idea to have more activities based on a single platform
Binance's performance is the best in 2019, this is what keeps me from buying Binance as long as I can, it's time for Binance to become a coin like EOS which was previously a token.
every blockchain has its own features for new applications to develop in the same way eth also releasing its new verision i personally wont think binance blockchain will be threat to eth both the blockchain grow individually
You hit the point every chain with it own features and if binance chain will no be a threat to ethereuem blockchain after all binance used the ETH blockchain before developing they own. If the binance chain offer more flexible features for users then I will say I will support that because we really need improvement in the entire blockchain system. It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.
There is no doubt that Binance chain a real threat to Ethereum, we all know that ethereum have been failing this past few months transitioning their consensus. However on the other hand, Binance chain have the momentum and very popular this days. Many erc20 tokens from ethereum blockchains are migrating in Binance chain and take note that all that projects are active and top-class projects. Innovation and competitions are key to the cryptocurrency ecosystem and not just projects offering same product over and over again. Binance chain is important to this community, it actually will post some challenges to the Eth network as more and more project will want to migrate to Binance chain. Nevertheless, because of Eth strong community and the popularity, I see it staying dominance over Binance.
In addition to innovation, of course, the power of capital is very important to keep the project can survive, most devs. do not have huge money so that when their coins are dumped, the project also die.
every blockchain has its own features for new applications to develop in the same way eth also releasing its new verision i personally wont think binance blockchain will be threat to eth both the blockchain grow individually
While this does not seem to be a threat at all, however, what will happen if the overwhelming majority of projects switch to the Binance blockchain, then the most interesting will begin.
I really consider BNB as an exchange coin and as such competing with the likes of ETH is definitely not their target area They had that plan of moving their ER Tokens long time, before anything set-forth so is very unlikely to compete with the second highest coin. Running their own Chain is sure a good idea to have more activities based on a single platform
Jump to: