Topic: Is Binance Chain a treat to Ethereum? - page 2. (Read 14681 times)
I don't think this will be the case or at least NOT immediately. Binance chain promises to bring more innovations, speed, stability and better security than Ethereum but we are yet to see it work and it may be wrong to dismiss Ethereum this early. We need to see the performance of the binance chain first before drawing comparisons. Ethereum has lasted this long as a force in the blockchain framework for a reason and I still think it presents much better flexibility than most blockchains out there.
Binance is not competing with ethereum, they both have their own different platforms, Binance is not a threat to ethereum, same was said during Neo, same was said during cardano, Xrp and others, still ethereum conquer them all
No token is a threat to etherum; they will coexist and function differently
Binance chain is benefiting from hypes for binance; I have not noticed any specialty
Binance chain is benefiting from hypes for binance; I have not noticed any specialty
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 do not think that in this market the majority will want to help others while trying to be better than the other. On the contrary, own interests are always important. Besides, I do not think ETH is so desperate. 
By building its own chain, Binance will become stronger as the largest crypto market with the largest volume in the world. However, people only use this news to inflate the BNB coins for a moment. After that, the price returned to stabilize. However, Binance has gone further to prepare for their future, and with this, it does not mean that ETH is in danger, but maybe ETH developers will look for the latest innovations.
Yes, Binance is building a whole ecosystem that will affect almost all aspects of cryptoworld. The only thing they don't have yet is probably mining)
It will affect not only ETH but the entire ecosystem as they are bringing another chain that can attract more investors, we will witness new successful
assets so better to start owning this coin now and hold for some time, surely it will be hype and bring profits both for long and short term trades..
There are already some projects that are migrating to the new blockchain, which was made by Binance. I know a few that go from the Ethereum network and one from NEO
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.
that chain should be a centralized chain. this time people are getting a big hype caused by that but that will not be so long. People was expecting a lot with it when it gets released and there will be a U turn. This is a speculation market
I think based from what you just have said, they are moving away from ERC20 tokens right? There is nothing bad influence really if they keep on utilizing ERC20 tokens, and I just saw, they've delisted bitcoin SV, and that makes sense, it is not ERC 20 and still there are futures for these token to be still on binance platform.
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
It seems to me that you should not hurry. Write off the ETH with counts. Well, undoubtedly binsu will be one of the best coins. But because of the pump he possesses. But this is my opinion.
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.
Ethereum indeed will still be above binance. ethereum has a large and strong community, but binance also has enormous strength. so in the short term, ethereum will still be the best altcoin, but in the long run, I'm sure there will be a change. let's wait for what will happen next, the future belongs to the digital currency !!! everything will relate to digital currencies and so there will be various innovations.
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.
I don't think that Binance coin will endanger the position of Ethereum. Ethereum hast a completely different structure, a highly competitive functionality and use case. While the coin of Binance is always related to the platform and their crypto exchange, Ethereum is not related to anything.
If Binance should be hacked, the token of Binance will collapse in total while it's much more difficult to hack Ethereum becuase it has no centralized place that could be hacked.
absolutely right, ethereum will remain in its position.If Binance should be hacked, the token of Binance will collapse in total while it's much more difficult to hack Ethereum becuase it has no centralized place that could be hacked.
indeed the increase in the price of binance is so surprising that many discuss and compare these two coins. binance is indeed very good, but the risk is too great.
as you explained "if Binance has to be hacked, Binance's token will collapse" it will be very scary. if i have to choose between the two i will still choose ethereum for the long term. binance is only another option as a short-term investment to collect profits in trading.
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.
well, i think binance chain is fully centralized mate, just like Ripple
in my opinion this binance chain will never beat or replacing ethereum, because thereum is fully decentralized my friend
No it won't, each have their uniqueness and that's what maakes them or will make them stronger. But that didn't dispute the fact that Ethereum is king of altcoins and will take Binance Chain several upgrades and improvements to climb to No 2 (if at all it can).
I don't think that Binance coin will endanger the position of Ethereum. Ethereum hast a completely different structure, a highly competitive functionality and use case. While the coin of Binance is always related to the platform and their crypto exchange, Ethereum is not related to anything.
If Binance should be hacked, the token of Binance will collapse in total while it's much more difficult to hack Ethereum becuase it has no centralized place that could be hacked.
If Binance should be hacked, the token of Binance will collapse in total while it's much more difficult to hack Ethereum becuase it has no centralized place that could be hacked.
It's not a threat because binance is only one company a vulnerable one. Binance lacks transparency and they are doing some semi legal things with tether you can never know how they'll turn up. Today it's all fine and tomorrow you get a notice they are shutting down because the government raided their office.
Ethereum is much more independent than something that Binance launches.
I can agree here, the structure is much more suitable for Ethereum. Ethereum is much more independent than something that Binance launches.
It's not a threat because binance is only one company a vulnerable one. Binance lacks transparency and they are doing some semi legal things with tether you can never know how they'll turn up. Today it's all fine and tomorrow you get a notice they are shutting down because the government raided their office.
Ethereum is much more independent than something that Binance launches.
Ethereum is much more independent than something that Binance launches.
Although I still find it hard to believe or even assume that Binance chain will be a threat to Ethereum. Ethereum is already built and have passed through many stages thus having a huge community. Nevertheless, in every platform all that matters is constant improvement and upgrade, if Ethereum continues to improve it will always retain its position.
By building its own chain, Binance will become stronger as the largest crypto market with the largest volume in the world. However, people only use this news to inflate the BNB coins for a moment. After that, the price returned to stabilize. However, Binance has gone further to prepare for their future, and with this, it does not mean that ETH is in danger, but maybe ETH developers will look for the latest innovations.
Yes, Binance is building a whole ecosystem that will affect almost all aspects of cryptoworld. The only thing they don't have yet is probably mining)
It will affect not only ETH but the entire ecosystem as they are bringing another chain that can attract more investors, we will witness new successful
assets so better to start owning this coin now and hold for some time, surely it will be hype and bring profits both for long and short term trades..
I think even if BNB would be as like as bitcoin it can never a treat to ethereum coin. My own understanding about this thread is that if BNB can be more succesful, it can elliminate the greatness of ethereum, well i think not. Because ethereum is introduced to many aspects as it is very popular and commonly use altcoin now although BNB has a great value and has a potential, still it is not a treat to ethereum coin.
By building its own chain, Binance will become stronger as the largest crypto market with the largest volume in the world. However, people only use this news to inflate the BNB coins for a moment. After that, the price returned to stabilize. However, Binance has gone further to prepare for their future, and with this, it does not mean that ETH is in danger, but maybe ETH developers will look for the latest innovations.
Yes, Binance is building a whole ecosystem that will affect almost all aspects of cryptoworld. The only thing they don't have yet is probably mining)
Dex is peer to peer token trades on chain. This Binance exchange appears to be all done on BNB chain, not settling, but ultimately paid out using Binance's pool of various assets. This is certainly not a dex
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