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Topic: Is Binance Chain a treat to Ethereum? - page 6. (Read 14676 times)

legendary
Activity: 1442
Merit: 1025
April 21, 2019, 03:46:08 AM
#66
If this keeps up than it could totally take its place, I mean ethereum has been very silent for the past year, last year they were getting more and more attention with the ICO craze however for the past year they have managed to not make any moves at all that would keep them above and they are even losing attention at dapp corner as well. They have plenty of rivals that will make it hard for ethereum to get more people use their blockchain.

EOS and tron and some others are really coming up with a lot of stuff for dapp side of the world and now Binance is destroying their hope of ICO world with its binance chain and IEO ways of putting new coins into the world and they are getting sold at like 10 seconds as well. That is why I think ethereum is in trouble and needs to do something about it.
full member
Activity: 798
Merit: 103
April 21, 2019, 03:10:43 AM
#65
It looks more like a pump and dump coin for me. It has been overhyped as they have big influence on some big players. And i suppose they have also manipulate the crypto market to try to make BNB in the top 10 coins and reach its ATH and they succeed to do it. On some btc news website, they wrote that BNB goal is to dethrone ETH and be the most used coin. But i don't think that it will work. They want people to migrate from ETH to their Binance Chain to make people pay for the transactions. And they want that the coins be traded with a volume of more than 1 million per day if not on their chain. They only think about more profits.
sr. member
Activity: 1274
Merit: 263
April 21, 2019, 03:06:27 AM
#64
I like binance but I like  ethereum.  The name of binance is popular now because of a lot of project and supporters of this.
But I think ethereum is still more potential and large supporters compared to the binance even the exchanger of it is very popular ethereum is still more better. But there is no reason to choose but better to invest the both of that.
sr. member
Activity: 1050
Merit: 254
April 21, 2019, 02:58:51 AM
#63
I would never buy a single BNB coin, I do not trust binance and they will never compete with Ethereum.  Ehtereum does billions of trading volume each day and actually does more transactions than the bitcoin network. Its not even close.
Lol why? Just look at the binance coin price right now, it's increasing so high right now because of the recent update about binance. I think binance can make a threat to ethereum, i know the price is far from ethereum price but it keeps increasing, maybe it will become $50 in the end of the year.
full member
Activity: 966
Merit: 111
April 21, 2019, 02:52:22 AM
#62
This is what happens now. Binance always attracts many people. Of course this development has made the BNB increase tremendously. From the beginning of 2019 until now, of course binance is very much the topic discussed. Of course this is an example of another project. With their respective advantages.
member
Activity: 420
Merit: 10
April 21, 2019, 02:11:54 AM
#61
Yes. The market is not big enough now. More money invested to BNB then less money for ETH. Grin
They have similar supply which is over 100 million only, we can say that BNB is really successful this year so far.
ETH on the other hand is not performing well, after it dump to below $100, it only started to increase a little, but courtesy to bitcoin's pump.
I'm not certain that BNB might overtake ETH's success in the future, by it's likely to happen if ETH will not have a good development to show.
I think the hype you can also pass as an ico , I somehow doubt that bnb replace eth , but to miss such an investment I think it's stupid to keep necessarily need bnb
full member
Activity: 385
Merit: 101
April 21, 2019, 02:07:16 AM
#60
I would never buy a single BNB coin, I do not trust binance and they will never compete with Ethereum.  Ehtereum does billions of trading volume each day and actually does more transactions than the bitcoin network. Its not even close.
sr. member
Activity: 444
Merit: 250
April 21, 2019, 02:00:58 AM
#59
Best code wins..Binance has showed that it can become top rated exchange in the world in no time. So, when they have necessary skills and right talent, they would come up with a chain to give tough competition to others like Ethereum
member
Activity: 854
Merit: 10
April 21, 2019, 01:52:13 AM
#58
The team of Binance have got great ideas and they are putting those ideas to work.
This is why I am not surprised to see BNB grow that much.
The Binance chain, might not yet be a threat to ethereum, but I see it making a lot of impacts, despite being centralized.
A lot of coins will be seen migrate to it, but it will not be able to accommodate all, which is where ethereum will continue to be relevant.
sr. member
Activity: 826
Merit: 250
April 21, 2019, 01:50:26 AM
#57
Need to clearly understand, that Binance becomes no longer only exchange, it is becoming a complete blockchain platform with own DEX and BEP2 token standard. Price already past last USD ATH and will continue to grow. Many projects no need to have smart contracts and they will start to migrate on Binance chain and this part break away from ETH ecosystem.
hero member
Activity: 3038
Merit: 592
BTC to the MOON in 2019
April 21, 2019, 12:46:08 AM
#56
Yes. The market is not big enough now. More money invested to BNB then less money for ETH. Grin
They have similar supply which is over 100 million only, we can say that BNB is really successful this year so far.
ETH on the other hand is not performing well, after it dump to below $100, it only started to increase a little, but courtesy to bitcoin's pump.
I'm not certain that BNB might overtake ETH's success in the future, by it's likely to happen if ETH will not have a good development to show.
sr. member
Activity: 672
Merit: 250
DeepOnion
April 20, 2019, 10:00:25 PM
#55
Yes. The market is not big enough now. More money invested to BNB then less money for ETH. Grin
sr. member
Activity: 1078
Merit: 310
April 20, 2019, 09:19:35 PM
#54
I only heard that binance has already sucessfully launched the new chain. I think that binance could easily take Ethereum down and reach it's precious place in the 2nd listing globally if binance's CEO does pick up the right choices Smiley
We don't hope to see some fights, we only need a clean competition between ETH and BNB.

At this early stage, I think Binance chain cannot yet overtake Ethereum in terms of adoption and robustness since the later is not yet tested by the public and I guess it would need more time for continuous development and testing to be at par with Ethereum and that will be evident once its released to the public. Also, Ethereum has achieved solid growth over this years and still becoming more stronger, thanks to its roster of developers and projects residing on its ecosystem which are very essential its success. Smiley
member
Activity: 406
Merit: 10
April 20, 2019, 07:55:15 PM
#53
BNB will become a top 3 coin in the near future. It brings value on the market and the fact that it is
increasing during a declining market speaks for itself.
full member
Activity: 1316
Merit: 105
April 20, 2019, 03:49:32 PM
#52
Binance Chain used for DEX exchange!
Can succeed or not, need more time to assert, But Etherium has been long-term development!

but Binance invite the projects to move to their chain from Ethereum and this fact can cause some problems for the Ethereum.
full member
Activity: 672
Merit: 100
April 20, 2019, 03:42:11 PM
#51
If I remember correctly, then BNB is still on the ETH platform and this generally doesn’t prevent this project from developing, why should they make their own blockchain? It just doesn't make sense. Therefore, everything is fine.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
April 20, 2019, 12:20:57 PM
#50
Many interesting comments here, I enjoyed reading. We must agree on some things, they are big! They are crazy big and they are rising. I dont like them so much, but this is a fact! They are very active in fulfilling their plans, they are doing something all the time. I think they will grow more, definitely! Are they a threat! For sure they are some kind of threat to all other projects, like always competition in crypto is getting harder and harder, that is good for us all!
hero member
Activity: 1974
Merit: 856
April 20, 2019, 11:58:31 AM
#49
Binance Chain is an asset exchange platform similar to Waves and Bitshares. I don't think it will ever become a threat to Ethereum.

I think this is the case too. But we should never stop thinking they could challenge Ethereum. What can BNB Chain do that Ethereum can't? Better transaction speed? Anonymity? Do they have smart contracts like Ethereum has? All I can think is that Binance Chain just want its own blockchain to monitor its own coin. CZ is probably thinking of stopping relying on others and make use of his own. NEM and NEO, both Chinese coins has their own chain explorers as well. So it is not that much of a surprise if you ask me.
I also think so, at least for the very moment. Binance has grown big enough to get rid of undesired dependencies (ETH chain).
However, if the Binance chain runs stable they probably want to expand on it. It could become a huge thing if they do, as it is the first example of a profitable company actively using their own crypto. All other cryptos so far do not have a profitable company behind them!
member
Activity: 1008
Merit: 12
SAPG Pre-Sale Live on Uniswap!
April 20, 2019, 11:50:49 AM
#48
No doubt binance is going places and everything what they are doing seems right and they token is doing exceptionally well as well but lets come to your question, well i think Eth has no serious threat from bnb as we have not seen any serious coin killing the other coin as claimed many times as every coin is unique and has its own community so i think eth has no threat.
member
Activity: 406
Merit: 11
April 20, 2019, 11:49:09 AM
#47
the CEO binance really ambitious. wanna make a competition again ethereum is really challenging. popularity from binance exchange won't said it wrong. biggest exchange right now
that gonna attrach more peoples for sure
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