Yes it could be, but I think not this time I guess in my own opinion. Even there's a lot of new projects are using BSC platform to their utility token.
However, the price of ETH so far was kicking in the market actually. And most of the altcoins too are dumped their value as well while Bitcoin was dumped its price too.
Topic: Is Binance Smart Chain the "New Ethereum"? - page 13. (Read 3214 times)
It is just like ethereum and it is forked from ethereum, we can not compare it to ethereum, because ethereum is the first smart contract chain. Ethereum also have the most decentralised network if we compare to bsc.
definitely, eth has the decentralised network here. right now, bsc gained their popularity owed to high fees in eth. but once eth rectified their prob, i guess, these projects more then likely will use both chains. eth is more popular than bsc. just so happen that people got fed up on its unreasonable fees. hope to see eth with cheaper fees again. but will take time maybe.
will not treat bsc as new eth. they have their own identities. and i want them to co-exist, as long as they are catering crypto users at their best.
no the bsb blockchain is only a temporary refuge due to the fee problems on the eth blockchain,
You must see that based on the fundamental as well. People will not move easily to the ethereum chain again. The small players might do that but im not sure about all of BSC players who were coming from ethereum tried to go back again to the ethereum. They will be using both of blockchain. Even when ethereum fees gets solved by the next update and the situation will be the same like this time and it will not change a lot.
It is just like ethereum and it is forked from ethereum, we can not compare it to ethereum, because ethereum is the first smart contract chain. Ethereum also have the most decentralised network if we compare to bsc.
actualy if we look from the existing traffic it is too early to say Binance as the next eth.
I second that as well, Binance Smart Chain is prolly doing very well on the altcoin network with it's pretty low fees, but I think it's only consistency that can make it as good as ethereum in the long run, and at the moment, the whole 'next ethereum thing' with BSC is coming a bit too early; ethereum has a couple of issues they have to address, high fees being one of them, and I expect the eth team to work on all their flaws, and another thing is, investors choose ETH to other altcoins cause it's sufficient and adequate for long time ROI; that's prolly why no coin is yet to be 'the next ethereum'. 
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
Seeing the madness in the current BNB price growth is possible, but it is not as easy as raising palms if you have to replace Ethereum, which we know that Eth also has a strong network and continues to be developed. maybe the two tokens will continue to compete in the market
for now I see quite good progress on the Binance Smart Chain platform because it has spawned many successful projects. Developers are interested in choosing BSC because it is quite cheap and fast in terms of transaction costs. People prefer $0.01 over $50 on the ETH network.
actualy if we look from the existing traffic it is too early to say Binance as the next eth.
this may happen but it takes time and it takes quite a long time to make binance the next eth.
but considering that binance has more and more fans, I think it can happen, although it takes time, but it can happen.
so when this happens his scheme will be like Bitcoin remains the King of all coins, ETH will follow towards bitcoin as well as Binance will follow towards ETH.
the only problem is time, don't know when this happened but it will definitely happen.
this may happen but it takes time and it takes quite a long time to make binance the next eth.
but considering that binance has more and more fans, I think it can happen, although it takes time, but it can happen.
so when this happens his scheme will be like Bitcoin remains the King of all coins, ETH will follow towards bitcoin as well as Binance will follow towards ETH.
the only problem is time, don't know when this happened but it will definitely happen.
no the bsb blockchain is only a temporary refuge due to the fee problems on the eth blockchain, as soon as the fees return to normal values many users will return to using eth normally, as before bsc is an excellent blockchain but not yet at the height of that of eth
I think it is too early to say if binance is a new etherem, even though nowadays etherem users have switched to the BSC smart network a lot, because ETH transaction fees are very high compared to BSC, but I am sure that etherem will fix that problem and can attract interest. crypto users again,
Will BSC be able to compete with ETH on security?
It seems that many platforms are still not accepting BSC to transfer assets....
It will not caused by BSC totally centralized chain while ethereum fully decentralized chain. Another exchange site needs the time to add BSC asset. It seems that many platforms are still not accepting BSC to transfer assets....
FYI the exchange site will be adding the BSC asset when it meets the requirements to be listed on such exchange site but when it doesn't meet requirement and can you expect exchange site to add it?
It's not about blindly adding BSC asset into the another exchange site. It will never happen.
There are lots of scam BSC assets as well.
No really. Binance is now the new ethereum, rather it is next to ethereum. Those two unique smart chains have their own nature when it comes to their services. Yes, they are both smart contracts but they have their own specific set of customers and purposes that is why it is a waste of time to compare those two great smart contracts.
Will BSC be able to compete with ETH on security?
It seems that many platforms are still not accepting BSC to transfer assets....
Well we all knew that eth still is more secure. Bsc network is just new and you can say that it still prone to some attack and we don't know the security aspect that CZ puts on their smart chain. But I'm sure they can solve it if ever problem occurs. I really looking forward that one day bsc can be accepted to all other firms such as eth and btc. It seems that many platforms are still not accepting BSC to transfer assets....
Will BSC be able to compete with ETH on security?
It seems that many platforms are still not accepting BSC to transfer assets....
It seems that many platforms are still not accepting BSC to transfer assets....
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
BNB is having it's day in the sun due to gas fees. Those fees will be resolved this summer with the London upgrade. 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
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Well, in as much as I would like to say yes, I still think that binance(BNB) still owes Ethereum for the growth which she has witnessed in the last couple of months, I still think that if not for the scalability issues on Ethereum blockchain, binance smart chain wouldnt be witnessing the growth she's seen in the last months up on till now, we all know that Ethereum blockchain is far far much more better than binance smart chain when it comes to building of dapps and other smart contracts,, but due to the high fees that trouble Ethereum blockchain, alot of projects are running to binance smart chain for the short term solution, I bet binance smart chain can't even take up to half of what is already running on Ethereum's chain without it collapsing.
But anyways, I think Ethereum is ethereum and binance is binance, the two should not be compared cus they are two different blockchain softwares.
But anyways, I think Ethereum is ethereum and binance is binance, the two should not be compared cus they are two different blockchain softwares.
In my opinion, binance smart chain only releases technology like ethereum but I think binance smart chain is still on its own product and has differences with ethereum. but now the bsc platform can compete with ethereum because many projects release using the bsc platform
Indeed, many new projects has been created in binance smart chain blockchain.
But we should stay aware, because there are many scam projects as well in bsc. DeFi projects is very popular nowadays, the rug pull type scam projects are exist, they can remove the liquidity on dex exchange and leave investors, buyers and holder with token with no value.
Binance Smart Chain is a short term solution for long term problem of Ethereum which is scalability and high fees problem.
The network will succeed in solving this problem in the short term and it may be an attractive for projects but it is as thin as hardforks. a patch solutions will fail when Ethereum network becomes cheaper and faster.
New Ethereum is decentralized blockchain projects as ADA, Polkadot, and Stellar.
The network will succeed in solving this problem in the short term and it may be an attractive for projects but it is as thin as hardforks. a patch solutions will fail when Ethereum network becomes cheaper and faster.
New Ethereum is decentralized blockchain projects as ADA, Polkadot, and Stellar.
Its the actual ethereum killer, almost every new projects wants to create their project on BSC because the fee on BSC is cheap while on ETH it is insane so why not. But Ethereum 2.0 also is in the development progress so these new projects may be suitable for short term but in long term nothing is predictable and if I asked to choose either on of these then I will pick ethereum because it is decentralized.
It was never meant to be the "New Ethereum" but instead it was created to be an alternative for those who gets overburdened with ETH ridiculous fee and in july ETH probably gonna solve the problem regarding fee already.
As of now, I always see BSC as different entity compared to Ethereum seeing the nature of defi and dapps there which is quite different in my opinion compared to ETH and with BSC you won't have the leisure of running as much nodes as you want.
What will be the fate of BSC once Ethereum solved the high gas fee? Some projects will still move back to ETH2.0 after launch because that's something BSC won't have, I think BSC will reign temporary but the real winner will be ETH As of now, I always see BSC as different entity compared to Ethereum seeing the nature of defi and dapps there which is quite different in my opinion compared to ETH and with BSC you won't have the leisure of running as much nodes as you want.
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