Is Binance Smart Chain the "New Ethereum"? - page 12.

crwth

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There are a lot of coins that are somewhat similar to Ethereum, mainly these are the coins from the top of my head.

ADA
DOT
ALGO

Their values right now are so far away from ethereum but you can never know if it can reach that price as well. The demand is high right now and the listed coins above can be your next jackpot. We will never know but that's just the market. What if a big influencer like Elon Musk starts hyping another coin? What would you think the next "DOGE" would be?

BSC can be next?

noorammak

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Based on what is based on the BSC, it can be said that this ecosystem is evolving rapidly but they do not have as much value as projects that have followed the DEFI trend. Projects on BSC copy each other's source code, so it can be said that BSC cannot be considered the next ETH.
The ETH ecosystem is really diverse, rich and has a long history of development.

Ararbermas

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BNB is very popular during the uptrend because it makes a good progress and now you can see it everywhere around the internet. Perhaps it will be a big advantage for binance coin to take over ethereum in the future. . Indeed on Coinmarketcap if you click on exchange option even in any alts binance always show up...so there's a potential that this coin will lead in the future, its not because on its performance. Wherien probably it will gain more popularity than other alts.

tvplus006

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Currently, there are a lot of different blockchains, each of which has its own advantages over the ethereum blockchain. But despite all these advantages, we see that the ethereum blockchain is as popular among developers of new coins as before. This is because, unlike BSC, it is decentralized.

Yamifoud

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Quote from: Nivia1st on April 19, 2021, 08:15:32 AM

Quote from: danherbias07 on April 19, 2021, 08:02:00 AM

Still early to tell.
We just have to wait for Ethereum 2.0 to be done.
I am not actually expecting much but I want to see some change. Be back to once the cheaper and fastest way of transacting and more.
It cannot be just the same as it was or Binance will really dominate them. High expectations are lurking around. It must be something big to encourage new and old investors back in their circle.

yes you're right, when ethereum 2.0 operates then we can judge it. if it is very difficult now because ethereum is not at its best. bcs is just in luck because ethereum is having a problem, if this is resolved I'm sure bsc will just be an alternative option like any other platform.

Ethereum 2.0 will make the network better, that's why it's called an update but they are not rushing things out. BSC is good but the thing is, we are discussing here about the centralized vs decentralized network and we all know that crypto enthusiast would always support a decentralized one.

Nivia1st

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Quote from: danherbias07 on April 19, 2021, 08:02:00 AM

Still early to tell.
We just have to wait for Ethereum 2.0 to be done.
I am not actually expecting much but I want to see some change. Be back to once the cheaper and fastest way of transacting and more.
It cannot be just the same as it was or Binance will really dominate them. High expectations are lurking around. It must be something big to encourage new and old investors back in their circle.

yes you're right, when ethereum 2.0 operates then we can judge it. if it is very difficult now because ethereum is not at its best. bcs is just in luck because ethereum is having a problem, if this is resolved I'm sure bsc will just be an alternative option like any other platform.

danherbias07

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Still early to tell.
We just have to wait for Ethereum 2.0 to be done.
I am not actually expecting much but I want to see some change. Be back to once the cheaper and fastest way of transacting and more.
It cannot be just the same as it was or Binance will really dominate them. High expectations are lurking around. It must be something big to encourage new and old investors back in their circle.

repear7

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Recently Binance smart chain being popular. Binance smart chain not a competitor with ethereum. Recently people like to use BSC for low transaction cost. I think BSC will be more popular in future, But, I also think ethereum will still in ethereum place.

jjdub7

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Quote from: Abiky on April 16, 2021, 12:51:25 PM

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

I agree with you and I think that if the team and the creator of Ethereum want to keep the second place in importance of the coin in the crypto market, they should hurry up and eliminate the disadvantages of Ethereum.
On the other hand, I think that the rise of the BNB will continue for a long time and in general we cannot predict when it will stop. But the BNB's chances of displacing Ethereum are growing with each passing day of the coin's rise.

aprilnot

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Quote from: ?? on ??

it is still too early if the Binance Smart Chain is able to replace Ethereum or it is said to be the new Ethereum at this time. The high cost of gas incurred by Ethereum is able to create a new breakthrough developed by the Binance Smart Chain so that Binance is the right solution to overcome the gas costs that must be incurred. no wonder that most projects currently switch to Binance because it has lower transaction fees, perhaps more precisely Binance Smart Chain can be said to be a competitor to ethereum at this time

a competitor that has a high probability of replacing ethereum in the future. in the future Binance smart Chain may have a larger number of transactions than the ethereum network. and many projects use BSC instead of ethereum because the GAS fee problem cannot be resolved. This is a tough time for ethereum if the problem is not resolved as soon as possible, this could trigger people to switch to the BSC platform.

bittawm

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my 2 cents

BNB>ETH

Psynthax

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Quote from: cryptosmartmoney on April 17, 2021, 10:57:53 AM

Will BSC be able to compete with ETH on security?

It seems that many platforms are still not accepting BSC to transfer assets....

Nah it can't although PoS that ETH gonna be switching to is said to be not as secured as PoW which ETH currently has it's still far secure compared to a blockchain that has limited running node as validator and totally controlled by the company behind that chain.
I know many people gonna say that Binance is too big to exit scam but by having to control the set of validators it gives them power to manipulate the blockchain as well in my opinion and that doesn't seem to be good if any projects trying to create their token on top of that platform.
The centralization of validator could make transaction fast and cheap indeed but using BSC only as good as sending money or swap platforms.

capokmerah

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At first glance, when seen in plain view, BSC is almost the same as ETH. but in fact, they are two different platforms in fact they are in fierce competition. until there is a statement that BSC plagiarizes ETH. BSC offers lower fees and speed of transactions. it is interesting to see what the development of the BSC will be like in the future.

RussianEnglishTranslation

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Quote from: Abiky on April 16, 2021, 12:51:25 PM

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

Binance and BNB will likely do well if it can continue to successfully avoid regulation. Right now it's been pumping due to a recent token burn and high Ethereum gas fees. Ethereum is upgrading several times this year to reduce gas fees, so there will be less of an incentive to use BSC. The question is, how much TVL can BSC achieve before Ethereum scales. Personally, I am using multiple chains Ethereum and Ethereum tokens. 0xMR for example exists on seven blockchains, including BSC, so I can use Ethereum dapps or BSC dapps as I choose. I'm finding better returns with Defi on BSC but the risk of exit scams is higher.

Farma

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Personally, if all the altcoins on the ETC20 platform had a BSC platform, I would use the BSC platform. At present the ridiculously high fees of Ethereum make a lot of people complain. So, it's only natural that many people feel that BSC is the next ethereum. But it would be a different story if ETH 2.0 made Ethereum better on fees.

DapanasFruit

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Binance #Smart World Global Token

We are here comparing orange with an apple. Which is orange and which is apple depends on who is looking at these two interesting platforms. Ethereum has already made a big impact in the world of cryptocurrency and I think it will really go on to become the top 2 next to Bitcoin for a long, long time while BNB is catching up as it is also making a lot of inroads here in this industry. Both posses their own advantages and benefits and that is why users of both platforms are growing at a good rate. To be bias, I am more excited with Binance since this has more dynamism to me, and it got related infrastructures already in place. In between the two, I can see more entrepreneurship with the people behind BNB than with Ethereum. Anyway, I am actually using both networks so I am wishing these two the best.

Slow death

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Quote from: avadonne on April 18, 2021, 06:59:06 PM

It is possible. Given the same concept. Binance Smart Chain can surpass Ethereum price. And can be more convenient and safe platform to use.

binance managed to take advantage of the fragility of ETH, so far the owner of binance has managed to overcome a lot as he became a better exchange, acquired coinmarketcap, now took the place of ETH, I will not be surprised if one day we hear that the owner of binance entered the mining and cloud mining business. the guy is an innovation machine

OcTradism

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Quote from: Abiky on April 16, 2021, 12:51:25 PM

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.

Changpeng Zao began as one of first staffs in the Blockchain.info company and all in invested into Bitcoin. Years later his brave investment decision, he created his exchange company Binance, took the technical and customer support problems on Poloniex and Bittrex to shill his exchange. Four years later the birthday of Binance, he created a big ecosystem around the exchange.

I don't like to call any cryptocurrency is a next Bitcoin or next Ethereum. BNB is BNB and it should be called like this. BNB can be bigger than Ethereum in next 1 or 2 years. With exchange operations, alternative for token companies, coinmarketcap website and many promotions, not yet mention their corporations with local exchanges :Warzix, Tokocrypto, etc.

Quote

Vitalik and his team better hurry up on scaling Ethereum before it's too late.

Vitalik and ETH team are too slow to upgrade and it looks to be their style. It will be hard to change.

Quote

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?

I am sure BNB will have a price at thounsands of dollar in this year. Higher than ETH in this year, I don't know but it is possible.

The price of BNB will be more sustainable than ETH or any altcoins because it is backed by Binance. Bull market or bear market, people will keep using Binance for their trades.

gabbie2010

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Binance Smart Chain BSC is a smart move by Binance to capitalize on the anomaly associated with ethereum ERC20 especially in the area of high transaction gas fees, Network congestions no wonder a lot of new projects are diverting to BSC consequently enhanced the growth of binance coin BNB I believed this latest development resulted to the recent bullish run of BNB.
Unless ethereum developers improve on those problems associated with it network else they continue to lose new projects to BSC.

avadonne

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It is possible. Given the same concept. Binance Smart Chain can surpass Ethereum price. And can be more convenient and safe platform to use.

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