Topic: Is Binance Chain a treat to Ethereum? - page 8. (Read 14676 times)
just hype, and the opportunity to earn easy money, I think need to use this only for earn money on pump, when release announcement partnership with another coins
Binance has been doing great even in the bear season to protect the crypto world by making lots of cool moves (successful ICOs, improving their infrastructure, supporting start-ups, etc.). However, there is no question they are dominating the crypto world. Dominating the market is not a good thing as we are aiming to have a decentralized world.
No, I don't think so, until now ethereum is still the best coin crypto number two after bitcoin and binance have not been able to outperform it and certainly they have their advantages or advantages
Maybe yes or no, i think all depends on what majority of people decide, to use Ethereum or Binance chain or both to hold ERC20 tokens and transfer them.
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As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community.
Source: https://support.binance.com/hc/en-us/articles/360001668872-Binance-Chain-Cryptocurrency-ExchangeETH and Binance have different use case as stated above. Binance chain is a chain for trading, while ETH is a dApps platform. Interesting to see what "transition from being a company to a community" really means. IMO it's a centralized chain like EOS but with a fewer use case.
I don't think it will give any treat to ethereum, not even close. Binance might got their hands on the IEO, but that's only because their trading platform has a lot of users. The thing is, the Binance Chain will target mostly developers, and traders and developers are very different community. Ethereum has made a very friendly platform for developers since it is decentralized, stable, and scalability is great. The Binance Chain on the other hand, I believe it will be centralized and that's already not good.
No. Ethereum still has the #2 position of the coinmarketcap and its way more popular than binance chain. Since it is an exchange coin, I don't think it would get popular around.
In principle, this new confrontation is good for the concept of cryptocurrency itself and these currencies themselves.
Each side has its own significant pros and cons, the struggle will be interesting.
But it seems to me that after all, ETH will be ahead, it will not be stopped.
Each side has its own significant pros and cons, the struggle will be interesting.
But it seems to me that after all, ETH will be ahead, it will not be stopped.
Binance is one of the most successful businesses in the crypto sphere. Now they are launching their own blockchain and they are going to compete with all the major crypto currencies, but it need to defeat Ripple and LTC first.
Binance chain is a centralized chain. If you will compare to ETH, then it will be centralized vs decentralized chain. Decentralized will win all the way.
ETH is no more less centralized than Binance Chain.
As long as Vitalik lives this is how it is going to be.
Will Binance Chain be a threat to ETH, absolutely it will. If ETH wants to win this, it needs to show something real instead of empty promises.
in my opinion, what the Binance did is not necessary for the community. This is a simple manipulation for making money, but not for the growth of cryptocurrency in general.
I can agree with you about this and Binance Chain is really just a Binance exchange tool, but it certainly makes more projects use BNB in the future. It can be seen that ETH has not had any development in the last few months and this makes BNB have the best opportunity to develop and will certainly be an opponent that makes ETH change in the future . 
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.
Binance chain would be a threat to all of the chain in the market, including the Ethereum blockchain, Bitcoin, EOS and etc. As we all know, binance has done very great in managing most of the transaction of most of the traders worldwide. If they would going to take the advantage to launch their own chain, other altcoins might be created which will eventually, might turn the market favor to BNB coin.
It is possible that Binance will remove Ethereum. We saw what makes now announces that some project will migrate to Binance chain - it is pamped. Aother new project who make migration announcment is Atomic wallet and now thy raise 155% after publishing of announcment.
Every move of Binance Team or anything about it can more really popular than other example their own trading site that very popular but if you compare in other this is new only here in crypto so because this are became more useful and helpful then if they launch anything new like alts/tokens/ICO/IEO then this can become more popular to others too still base in your question OP i think ethereum is already good like we see the potential of this so no need to compare like they have different worth
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.
Hello! Totally agree with you! Binance is definitely the best exchange without any doubt! more such exchanges like Binance)
Binance chain is a centralized chain. If you will compare to ETH, then it will be centralized vs decentralized chain. Decentralized will win all the way.
in my opinion, what the Binance did is not necessary for the community. This is a simple manipulation for making money, but not for the growth of cryptocurrency in general.
This will be great topic to discuss, In my opinion binance own chain is a big challenge for ethereum to stay on top as token creation platform. But, it's not stop over there, this will also a challenge for binance to keep their exchange become the best exchange in the world. If not, then binance chain will not really useful.
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 are over 100 competitor for Ethereum. All of them wants to take over Ethereum place... And no one can make it until now.
I guess BNB can't take over also. Believe or not Ethereum is one of the decentralized network ever. So BNB won't be never. Always CZ can manipulate it. I think Binance is number one of this market but it is not about the network. It is about exchanges.
Still, everything is possible in this market. We will watch and see soon.
AFAIK it is centralized. How could it be decentralized, if it is a new network backed up by a company. Even if it is a big company like Binance, you are still betting on the success of that company when you buy its shares. So no. I think it is not a competitor to Ether. Ether, as flawed as it is, is still much more decentralized than this new mainnet. If you want something that is really decentralized, it is Bitcoin.
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