Topic: Is Binance Smart Chain the "New Ethereum"? (Read 3214 times)
Binance Smart Chain now appears to be the new Ethereum for all kinds of shitcoins. During the bull run, I lost track of how many shitcoin coins were built on BSC, such as Corgidoge, Baby Doge, Cumdogerocket, and so on.
The current situation of gas fees in Ethereum blockchain is bsc smartchain because of the current Ethereum, because of the excessive gas fees of Ethereum, now some projects are centered on BSc smartchain. Needless to say, BSc smartchain is the next ethereum.
instead of considering bsc to be the next ethereum, i like to consider it as an alternative of ethereum until it can have bigger market capital than ethereumbut cheaper gas fee is not the only factor that make bsc center of many new projects, in my opinion bsc is also faster than ethereum thats why many projects actually prefer to use bsc because some project want speed and maybe its more important for them. even if ethereum solve its gas and make it cheaper maybe people will still use bsc.
Maybe it's too early to say as a new ethereum but with the development of DEFI and NFT projects using the BSC platform it proves that BSC is more dominant in this development than Ethereum, so we'll see the development of DEFI and NFT if this system lasts long term then I'm more comfortable using BSC as a platform superior in investing in multiple assets.
For now yes It's the cheapest ETH alternative on the market plus almost free gas compared to ETH and also don't forget quarterly burn which surely will have price impact at the end of the day
maybe yes and maybe no. I can't predict whether Binance Smart Chain is the new Ethereum, as Ethereum still holds its place in the coin market, but Binance Smart Chain will probably continue with transaction fees and other benefits. in real use cases ETH and BNB are both strong have platforms and large communities. but in terms of transactions, BNB has very low fees compared to ETH.
Ever since the "De-Fi" craze began on 2020, Binance Coin has been on a constant uptrend in price. It went all the way from nearly $20 to just $500 in a matter of months. Binance has done a good job in promoting its own currency, resulting in massive adoption in the mainstream world. The world's largest crypto exchange owns "CoinMarketCap" so it has all the tools to make BNB a huge success. With near-zero fees and near-instant transaction confirmation times, Binance Smart Chain (which powers BNB) could become the "next Ethereum" in the crypto/blockchain space. Vitalik and his team better hurry up on scaling Ethereum before it's too late. With how fast BNB has grown lately, it could flip ETH sometime in the future.
What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much
anything could happen, it could be Binance being the next Etherum, but for now it's still too early with the price difference between the two and the current popularity of Etherum, so many investors are investing in etherum so that it becomes etherum's power to increase its value even higher. Eth also has high security and is widely used for transactions. What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much
No, because it is not possible BSC network is different from the ETH network.so you can't say BSC network is New ethereum and eth is very strong project and eth has many supporter then BSC
Yes, in general it is different, because BSC from Binance and ETH from Ethereum or what is often referred to as the ERC20 network, even though if we look at the smart contract addresses, they are both always the same and have no difference, only the difference is when making transactions. I think it's too early to say that Binance Smart Chain is the "New Ethereum", because it's in a BSC trend, but Ethereum is also setting a very good record. Even with the arrival of Eth02, Ethereum enthusiasts are increasing.
No, its not too early to ask that question because that question doesn't make sense anyway. I really don't get these type of questions. What is the point of asking that? I feel like people raising this type of questions are stuck in the past with their whole life. They hold an iPhone in their hands, look at it and think: "wow, this is the new Nokia". What the hell is wrong? BSC is a chain operated in a quasi centralized way by Binance while Ethereum is a publicly funded chain that prioritizes decentralization over anything else while trying to come up with innovative solutions to increase transaction capacity and reduce costs. Who is who here? ...
People was known BSC as an Copycat for Ethereum with same use case and basically same everything the only things that make it different was Centralized Validator Set (For Now (?)) and not majority knowing this especially newcomers, It's normal to see this question since the people was only understand the concept behind it but not really understand what make it's different, Even though it's centralized as you can see it's was really having good performance lately to become Ethereum "Alternative" or maybe the "New" Ethereum in the future, Well let see what will happens. What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much
I think it's too early to say that Binance Smart Chain is the "New Ethereum", because it's in a BSC trend, but Ethereum is also setting a very good record. Even with the arrival of Eth02, Ethereum enthusiasts are increasing.
No, its not too early to ask that question because that question doesn't make sense anyway. I really don't get these type of questions. What is the point of asking that? I feel like people raising this type of questions are stuck in the past with their whole life. They hold an iPhone in their hands, look at it and think: "wow, this is the new Nokia". What the hell is wrong? BSC is a chain operated in a quasi centralized way by Binance while Ethereum is a publicly funded chain that prioritizes decentralization over anything else while trying to come up with innovative solutions to increase transaction capacity and reduce costs. Who is who here? ...
What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much
Binance is doing great and they are for me starting out to the road to greatness and they will soon occupy the second spot in the market, I don't want to call Binance the next Ethereum, they deserve to be called the first Binance because there's a big possibility that they are going to eclipse Ethereum on what they brought to the community, and it's only a matter of time.
Binance smart chain inherits most of the features of ethereum chain. BNB has the backing of the world's largest crypto exchange. It is too early to assert that BNB will replace ETH. but next time BNB will be the name mentioned a lot instead of ETH. and BNB have done a very neat competition especially on the issue of gas costs between Eth and bnb, and BNB is much cheaper than ETH
Ever since the "De-Fi" craze began on 2020, Binance Coin has been on a constant uptrend in price. It went all the way from nearly $20 to just $500 in a matter of months. Binance has done a good job in promoting its own currency, resulting in massive adoption in the mainstream world. The world's largest crypto exchange owns "CoinMarketCap" so it has all the tools to make BNB a huge success. With near-zero fees and near-instant transaction confirmation times, Binance Smart Chain (which powers BNB) could become the "next Ethereum" in the crypto/blockchain space. Vitalik and his team better hurry up on scaling Ethereum before it's too late. With how fast BNB has grown lately, it could flip ETH sometime in the future.
What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much
What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much
For now I think BNB is still too early to replace ethereum, this is not in line with what is currently happening on coinmarketcap, it is almost certain that BNB will find it difficult to replace ethereum for this year.
However in the crypto world everything can happen and change, there is a possibility that BNB will replace ethereum in the future, but for the next two years, it will be a tough job for BNB to do that.
The current situation of gas fees in Ethereum blockchain is bsc smartchain because of the current Ethereum, because of the excessive gas fees of Ethereum, now some projects are centered on BSc smartchain. Needless to say, BSc smartchain is the next ethereum.
At present, Binance smart chains have become very prosperous. It also has its own platform with its own coins, exchangers which are in no way inferior to ether. Although the range of ethers in the market is still large, but according to its activities it can be said that BSC the new ethereum.
because Ethereum is still around and will remain the best forever
not sure with your term " forever " BSC is very competetive with ETH in terms of features on the blockchain and its smart contracts . both must have a progress developer that continues to grow. like ETH 2.0 later which is said to be a new breakthrough for the evolution of ETH. as well as BSC. both are worth it to hold.Although I also admit that Ethereum is more popular and more widely used by the crypto community, that doesn't mean it will last forever.
Don't underestimate BSC too much, which until now has proven to be very fast and able to attract the attention of the crypto community with
low transaction fees. So there is still a chance for BSC to replace Ethereum, so it is very interesting to monitor the development of Ethereum
and BSC. Most importantly, both of them compete to provide the best for their users.
because Ethereum is still around and will remain the best forever
not sure with your term " forever " BSC is very competetive with ETH in terms of features on the blockchain and its smart contracts . both must have a progress developer that continues to grow. like ETH 2.0 later which is said to be a new breakthrough for the evolution of ETH. as well as BSC. both are worth it to hold.
I think Binance Smart Chain is not a new Ethereum, because Ethereum is still around and will remain the best forever, so no any altcoin can replace Ethereum to become a new Ethereum including Binance Smart Chain, therefore I think Ethereum will be the best until whenever and will survive to exist at 2nd place in coinmarkercap forever (no any altcoin can replace Ethereum).
I think all coins have the potential to get to the number 2 position of CMC, as in the past XRP was replaced by Ethereum. Binance also has that opportunity. However, the current high adoption of Ethereum is making it difficult for Binance to replace Ethereum, even though Binance also has smart contracts as a pathway to pump BNB coins. We know how CZ plays in the crypto market. Binance is not the first crypto exchange. But right now Binance is already the first exchange that is most used by investors. Even the crypto volume on Binance is very high compared to other exchanges.
I think Binance Smart Chain is not a new Ethereum, because Ethereum is still around and will remain the best forever, so no any altcoin can replace Ethereum to become a new Ethereum including Binance Smart Chain, therefore I think Ethereum will be the best until whenever and will survive to exist at 2nd place in coinmarkercap forever (no any altcoin can replace Ethereum).
I'm sure that is not, its better than Ethereum. We all knew that is only a fork of ethereum, But do not forget that has not only a fork and its different tech to ethereum., They are using nodes and, binance we also knew as partnered with elrond technology. If you know that tech, you will imagine and you can get what I mean, Its adjustable and expandable the limit of transaction, If they adjust the node or adding a nodes. the blockchain can decrease the fees unlike eth.
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