Is Binance Smart Chain the "New Ethereum"? - page 5.

Fredomago

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Everyone is talking about this, for young projects with a small budget, this chain is the best, since the commissions are small and their cost is like on the ether chain of the year 2017. I believe that in the future the price will rise, so it's time to keep your assets in this chain. New tokens may well give us profit in it.

If you don't need your investment and you have a good amount of spare money, keeping your asset inside this chain probably will give a good value in the long run.

We've seen same path withing ERC system and developers are now using this platform to create their tokens, if you can wait then for sure there's a lots of positive impacts to your invested money.

Choose the right assets and make sure to follow the development both BSC and the coin that you store on it.

m.rifki

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Yes that's right, Binance continues to be popular, and it looks like it will beat Ethereum for 3 years and then bitcoin 6 years, they are supported by everything to become the next ethereum.

Sorry, but I think that sounds like too high expectations, binance is growing well but to replace eth and btc in such a short time seems too much.

viananda2525

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Quote from: Darktongue on June 23, 2021, 06:00:30 PM

We are waiting to see the next bullrun where the Ethereum smart chain is the king and won't be replaced by any altcoins. Ethereum GWEI rate falls to 5 at some random times. Binance smart chain can't be the next Ethereum because this chain is just copying everything from Ethereum. If this GWEI stays stable, the Binance chain will lose all of the new users.

its not copy past ethereum blockchain , but binance smart chain developt it to recover the weakness of ethereum. as we know crypto community complaining about transaction fee in ethereum network few months ago, and bsc could resolve this problem well. ethereum and binance smart chain will be have good competition to give best solution in blockchain platform.

Darktongue

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We are waiting to see the next bullrun where the Ethereum smart chain is the king and won't be replaced by any altcoins. Ethereum GWEI rate falls to 5 at some random times. Binance smart chain can't be the next Ethereum because this chain is just copying everything from Ethereum. If this GWEI stays stable, the Binance chain will lose all of the new users.

Coroline

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Quote from: enawati on June 23, 2021, 05:48:05 AM

I have seen many project moved from Ethereum blockchain to BSC because reason of high fee transaction, so Binance maybe has chance to surpass Ethereum based on marketcap and ecosystem. But BNB still hard to do in this bull cycle, maybe BNB will have chance to surpass ETH in another bull cycle, this is according to how next development of both project will run. If ETH 2.0 release and the high cost of transaction fee and network congestion fixed, that mean no room for BNB will surpass ETH.

It's just a matter of time, whether ETH 2.0 will be released soon and resolve existing network congestion and overcome high costs. If Vitalik doesn't finish this soon, maybe as the OP said it could be BSC beyond this. BSC is really interesting once in a year experiencing a tremendous surge once and boosting the BNB coin. Time will tell all, there is no room left to speculate which one is better.

vabchgent

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Quote from: vabchgent on June 15, 2021, 02:56:51 PM

BSC is by far more centralized, but in terms of its efficiency it is obviously helpful. That has always been the issue Vitalik pointed out. If you want an extremely secure network, it must be as decentralized as possible. If you want speed, go for a more centralized network. Ethereum is just built differently and I hope they can find a sweet spot between decentralization and security such that it is not a pain in the ass anymore to use the network.

That's right, your statement is very precise, because what every user of the ETH network and the BSC network has experienced can clearly make the difference so that security and speed must always be considered by both, and especially for Vitalik.

I like that about Vitalik. He isn't a hater of Binance Smart Chain or any other project, but he has a vision that is all about decentralization and he doesn't sacrifice Ethereum's vision for short term gains. He sticks to his opinion even though this might mean delays in terms of upgrades for Ethereum and not the best public perception of Vitalik and Ethereum temporarily. The fees put Ethereum in a bad spot, but improvements will come eventually.

enawati

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I have seen many project moved from Ethereum blockchain to BSC because reason of high fee transaction, so Binance maybe has chance to surpass Ethereum based on marketcap and ecosystem. But BNB still hard to do in this bull cycle, maybe BNB will have chance to surpass ETH in another bull cycle, this is according to how next development of both project will run. If ETH 2.0 release and the high cost of transaction fee and network congestion fixed, that mean no room for BNB will surpass ETH.

Abiky

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Binance is a centralized chain it is not decentralized like Ethereum. The source code of Binance is improved and everything on the BSC chain is copied and developed on projects from Ethereum.
The value of BSC is driven by cryptocurrency exchange Binance and DEFI on BSC.
BSC is something that looks like Ethereum but is not a new Ethereum. People come to BSC for-profit and cheaper transaction costs.

There's no doubt about that. Unfortunately, most people don't care about decentralization. They're only into crypto to make money in the least time possible, even if what they're investing into is utterly centralized. Convenience/ease-of-use is what matters most these days. It's no wonder why Binance Coin went all the way to the top within such a short amount of time. It became the third-largest cryptocurrency by market cap after Ethereum. Imagine how far BNB will go if Ethereum continues to experience network congestion. If developers don't scale ETH quickly, BNB could become the "New Ethereum". There are already many exciting projects building on top of BNB, so it has all it takes to replace Ethereum in the future. Only time will tell us if this will happen or not. Just my thoughts Grin

vabchgent

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Quote from: vabchgent on June 15, 2021, 02:56:51 PM

BSC is by far more centralized, but in terms of its efficiency it is obviously helpful. That has always been the issue Vitalik pointed out. If you want an extremely secure network, it must be as decentralized as possible. If you want speed, go for a more centralized network. Ethereum is just built differently and I hope they can find a sweet spot between decentralization and security such that it is not a pain in the ass anymore to use the network.

That's right, your statement is very precise, because what every user of the ETH network and the BSC network has experienced can clearly make the difference so that security and speed must always be considered by both, and especially for Vitalik.

Decentralization becomes ever more important with the size of the network and the money that is on the line. The last thing you want is nodes being able to collude and harm the network.

leea-1334

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When Moon Token is specifically dedicated to provide a sustainable return by only holding a reasonable amount of tokens. Early investors will see the benefit of receiving almost ( sometimes more ) the same amount of their invested capital back in returns along with the increased token value.

More than 51% of the Supply is locked in AREA-51. All income via interest & transaction is funneled back directly to the core.

I have learned already that supply locked does not mean much if somebody has a backdoor to all these smart contracts in defi,,, and no, audited by certik does not mean much in the space when almost all high profile backdoor liquidity draining was actually having their contracts audited by certik:) How is WhenMoon different?

casperBGD

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Quote from: tsaroz on June 17, 2021, 03:57:37 AM

Binance smart chain has been taking a lot of market recently. Specially on dex and defis. There is pancakeswap and hundreds of it's copies that are changing how people interact with the coins they have. I am not sure how but they are providing one of the largest returns in any crypto platform and a lot of crypto is being frozen on these platforms. Cheaper fees and compatibility with Ethereum network is boosting it's use.

yeah, but with cheaper fees on Ethereum, everything is going back to normal, and Binance is losing their dominance over retail investors
nevertheless, they used these few months to establish themselves on the market, and will stay here, but there is low probability to be new Ethereum, or Ethereum killer, or any other name they call it, Ethereum has much deeper and better developer base, which will be here to innovate on the platform, and provide new service, that BSC can only copy

tsaroz

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Binance smart chain has been taking a lot of market recently. Specially on dex and defis. There is pancakeswap and hundreds of it's copies that are changing how people interact with the coins they have. I am not sure how but they are providing one of the largest returns in any crypto platform and a lot of crypto is being frozen on these platforms. Cheaper fees and compatibility with Ethereum network is boosting it's use.

enhu

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Quote from: warg2017 on June 17, 2021, 03:32:28 AM

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Yes that's right, Binance continues to be popular, and it looks like it will beat Ethereum for 3 years and then bitcoin 6 years, they are supported by everything to become the next ethereum.

According to what you said, i think it's too modest to call BNB the next ethereum, it should be the next bitcoin, after all, BNB will surpass BTC in 6 years.

I have not really tried using BSC chain even the tokens that I need to swap are still ERC20. I wouldn't really say BNB is the new ETH until probably most of the bounty campaigns are using BSC chain.

The only time I used BSC address was there was an airdrop which they require BSC on the dapp I'm using. I'm not even sure if the token is worth storing in my wallet.

warg2017

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Yes that's right, Binance continues to be popular, and it looks like it will beat Ethereum for 3 years and then bitcoin 6 years, they are supported by everything to become the next ethereum.

According to what you said, i think it's too modest to call BNB the next ethereum, it should be the next bitcoin, after all, BNB will surpass BTC in 6 years.

VanDeinsberg12

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Quote from: Abiky on June 15, 2021, 01:21:16 PM

Quote from: VanDeinsberg12 on June 13, 2021, 05:41:56 AM

People sticks to BSC not because they love the blockchain but because the projects there are many varieties from the pump and dump coins to some decent project but honestly I never see something serious developed in BSC beside the defi.

Most of the long term promising projects either still stick to ethereum or create their own mainnet, also if RSK become the next big thing it could potentially reduce the market share of coins below 3rd rank.
I think you know it very well that the only thing keeping people in BSC are those shitcoins for trying luck or in a nutshell gambling. but that's just my opinion alright, take it with grain of salt

BSC is extremely popular because of the low fees and blazing-fast transaction speeds. This makes Binance Smart Chain the ideal Ethereum alternative. Of course, the platform is utterly centralized. But most people don't care as long as they're able to fill their pockets with money in the least time possible. With useless coins like SHIBA and Safemoon gaining traction on BSC, anything can be expected. I'm surprised how fast BNB went all the way to the moon compared to other cryptocurrencies on the market. Binance Coin is now the third-largest cryptocurrency by market cap next to Ethereum. It may never replace ETH, but it could retain its position on the market as people use it more thoroughly in the mainstream world.

No matter what happens in the future, both BNB and ETH will be here to stay. They will continue to grow until they become a "force to reckon with". Since BSC is based on Ethereum, the world's second-largest cryptocurrency by market cap has nothing to lose. Just my opinion

True, BNB only could fall down if binance somehow got entangled into some serious problem and ended up losing credibility, etc which doesn't seem to be happening.

BSC on the other hand was made specifically to be an alternative for ETH, anyone is free to use, people seem to always thinking that BSC user will never use ETH again once they switched but the reality is, none of the either BSC users and ETH users fanatic to any of these chain, they always use these two chain according to their needs.

Silver80

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I think it's difficult to replace Ethereum as a counterbalance, maybe because bnb has started its fundamentals and this has been a good step even though it can't replace it in the future but there are alternatives

kram31

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Binance smart chain as far as I know is differ to Ethereum, it's just all coming by a chance the bsc at the moment is cheaper in terms of transactions compared into ethereum platform is too expensive in terms of gas fee. Where because of this matter almost the majority of the new project that arise here in crypto space always go for the BSC platform.

bison

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That's right, your statement is very precise, because what every user of the ETH network and the BSC network has experienced can clearly make the difference so that security and speed must always be considered by both, and especially for Vitalik.

Security and speed in transactions are important points as aspects of evaluating the quality of a platform, if there is a problem with these two points, it can cause obstruction of the circulation of transactions in the market.

BitTraderCute

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Quote from: john1010 on June 16, 2021, 02:01:10 AM

We all could say yes, because there's a lot of adaptation now on Binance Smart Chain, so many project now are begin to use BSC no doubt about it, in my speculation BNB will be the next ETHereum that's base on what we are seeing right now.

totally right dude, slowly binance smart chain could replace ethereum position. its proved by many new project launched in bsc ecosystem. using this platform actually give us alot benefit especially about transaction gas fee. many people complaning transaction fee in eth platform , and it resolved in bsc .

leea-1334

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Quote from: Xxmodded on June 16, 2021, 12:01:01 AM

I think by present with Binance smart chain we have many option for buying coin network not only with ERC but also we can try with BSC, I think when both network give us much profit is not matter who is the best between BSC and ERC, keep have advantage and disadvantage between both BSC and ERC, just choose depend which one give us more profit later.

Lol,,, if everyone thought like this then we would be jumping to randomSwap promising 1000% APY.

It is not just about cheap fees and APYs, it is about security also and reliability, which one day I am sure Binance users will get to know very well when one big disaster happens on the platforms or when rugpulls keep happening and BSC users pay.

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