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.
Topic: Is Binance Smart Chain the "New Ethereum"? - page 14. (Read 3214 times)
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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
I think there are many projects changed their token blockchain from erc20 to bep20 already.
This is because the gas fee on ethereum blockchain, and for me, i don't want to spend high gas fee too.
So, BNB is not the new Ethereum, BNB is different than other Ethereum-like coins (coins with the same algo with ethereum) in cryptocurrency. You don't need asic to mine BNB, validators only need BNB coin to get the reward.
This is because the gas fee on ethereum blockchain, and for me, i don't want to spend high gas fee too.
So, BNB is not the new Ethereum, BNB is different than other Ethereum-like coins (coins with the same algo with ethereum) in cryptocurrency. You don't need asic to mine BNB, validators only need BNB coin to get the reward.
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 
It could be true. Binance is fully ethereum compliant blockchain and any feature that available on ethereum can also be implemented on the binance as well. I think binance is the new ethereum for now. It's not even too early to tell about that. I think binance has a chance to replace ethereum but the gap between binance and ethereum on marketcap is too far. that will be quite difficult for BNB to surpass it.
Binance to tripled its price. BNB will get a small dump due to the people sell on the news but the binance price can sustain in the long run.
There is no new ethereum as binance.The binance chain has remained its own chain and not a competitor with ethereum, they stand alone on their own chains although they deployed the same EVM algorithms but i don't see no reason why they should be in any form of comaprism.
The price of ethereum did not just increased significantly as you think, the ERC20 tokens including DeFi really helped ethereum, also is binance coin, binance coin did not just increased significantly like you think, one of the reasons it increased significantly in price is because of the BC and BSC. Did you think pancakeswap exchange just become the first at the time BSC was launched and it supported it? No. I see binance coin for these reasons to be ethereum competitor.
it is too early to say that, just a few hours ago there was a backlog in Bsc network. it means it still has the same issue with its scaling ability, I highly doubt Bnb will replace Eth considering this problem.
still waiting the update on Eth 2.0, can it solve the scaling and high fee issue? we can make a conclusion after we see the upgrade, if it does more good then Eth will remain the same but if it does not then we can consider it again.
still waiting the update on Eth 2.0, can it solve the scaling and high fee issue? we can make a conclusion after we see the upgrade, if it does more good then Eth will remain the same but if it does not then we can consider it again.
....Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell?
Binance Smart Chain is Binance Smart Chain and it will remain that way. They look similar to regular users but the two are different so I would never say it is the new Ethereum.It will never be Ethereum if you just take a look at the number of nodes running each chain. BSC has a maximum of 21 validator nodes which they rotate while anyone can join Ethereum anytime.
Quote
Do you think it will replace Ethereum sometime in the future?
It already exceeded Ethereum in some aspects like number of daily transactions. Quote
Are current prices sustainable in the long run?
It seems so if you combine the BNB tokenomics and BSC ecosystem. It's probably still undervalued. 
There is no new ethereum as binance.The binance chain has remained its own chain and not a competitor with ethereum, they stand alone on their own chains although they deployed the same EVM algorithms but i don't see no reason why they should be in any form of comaprism.
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
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
Jump to: