Topic: Is Binance Smart Chain the "New Ethereum"? - page 8. (Read 3214 times)
At the moment it looks like it is, but so far Ethereum is still much more popular than Binance Smart Chain and I think after the release of Ethereum 2.0, Binance Smart Chain will not have a chance to catch up with Ethereum for a long time, but so far both Binance Smart Chain and Ethereum are very popular and of course I'm more used to making transactions through the Ethereum blockchain, but recently I had to use BSC due to low cost of transactions, but otherwise I think that in the future BSC and Ethereum will be about equal in popularity and demand.
several advantages when traders and investors decide to choose BNB. First, in terms of transaction fees, BNB is much cheaper than crypto assets like BTC and ETH.
Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH
of course Binance Smart Chain can exceed ethereum because until now the use of the BSC network is increasing and more and more new smart contracts are being created, BSC can have many enthusiasts because it is fast and cheap when making transactions so many people like it.Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH
BSC has extraordinary capabilities to compete with other platforms such as Polkadot and Polygon. they are both new and the BSC I believe is superior too.
Besides that, the low transaction fees make Binance Smart Chain very popular and probably won't stop there,
if you compare it with polka dots and polygons, of course Binance Smart Chain is far superior and everyone knows too
I didn't think that BNB could be like now, BNB's performance was too fast because of the support from their group (exchange), whether it will become a competitor to ETH, I'm not sure, ETH is already strong and has a lot of support from the platform.
several advantages when traders and investors decide to choose BNB. First, in terms of transaction fees, BNB is much cheaper than crypto assets like BTC and ETH.
Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH
of course Binance Smart Chain can exceed ethereum because until now the use of the BSC network is increasing and more and more new smart contracts are being created, BSC can have many enthusiasts because it is fast and cheap when making transactions so many people like it.Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH
BSC has extraordinary capabilities to compete with other platforms such as Polkadot and Polygon. they are both new and the BSC I believe is superior too.
several advantages when traders and investors decide to choose BNB. First, in terms of transaction fees, BNB is much cheaper than crypto assets like BTC and ETH.
Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH
Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH
In reality, as of now Binance is growing well overall, and numerous crypto clients have changed to the BSC network, so that from one day to another its improvement is expanding, and they enjoy the accompanying benefits;
* Fast transactions
*Low Transactions cost
Yet, I think it is too soon to say that BSC is the new Ethereum, on the grounds that etherem is likewise developing with awesome, particularly over the most recent two days etherem transaction expenses have diminished by half, this emphatically affects ETH's future development, obviously BNB presently can't beat ETH's fame ,
However much I loved the Binance Smart Chain, they can't be the "new" or "next" Ethereum. Nobody can supplant Ethereum regardless of that we are so weary of these extreme gas charges
Furthermore, I have an inclination that Eth 2.0 will be coming soon as they are changing from evidence of-work to confirmation of-stake. With this one, Ethereum would be relentless!
I totally agree with what you said. To say BNB is equivalent to ETH. Maybe now is not the right time to say BNB is equivalent to ETH. But over time BNB will compete with ETH if the ETH Fee is not reduced. Because currently BNB is growing rapidly because the fee is cheaper and the process is fast. If ETH is able to change the fee cheaper than the transaction process, then BNB will be far behind compared to ETH. * Fast transactions
*Low Transactions cost
Yet, I think it is too soon to say that BSC is the new Ethereum, on the grounds that etherem is likewise developing with awesome, particularly over the most recent two days etherem transaction expenses have diminished by half, this emphatically affects ETH's future development, obviously BNB presently can't beat ETH's fame ,
However much I loved the Binance Smart Chain, they can't be the "new" or "next" Ethereum. Nobody can supplant Ethereum regardless of that we are so weary of these extreme gas charges
Furthermore, I have an inclination that Eth 2.0 will be coming soon as they are changing from evidence of-work to confirmation of-stake. With this one, Ethereum would be relentless!
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
It is not and it will never be. Binance chain is a poor copy of ETH network, and as such can never be better than it.
ATM it's popular because of the higher gas fee's on ETH, but other than that, it's a nest for meme coins and rug pulls
I think so Binance smart chain or BSC is the new Ethereum because if we base on the trend now BSC is one of the most attractive networks other than Ethereum itself for those old and new projects because BSC is a copy of Ethereum that's why it's identical the only difference was Ethereum is far more decentralized compared to Binance smart chain.
People and projects moved to BinanceSmartChain only because they were tired of high Ethereum fees. Projects try to use BSC as it is "popular" blockchain right now, but most still are left with Ethereum.
I think that you are wrong by saying that BSC is the copy of Ethereum. I see no staking on options on BSC. They might be a copy, but of a very and very old version of Ethereum. But in general they have copied only contract part of Ethereum code and that is it.
I think so Binance smart chain or BSC is the new Ethereum because if we base on the trend now BSC is one of the most attractive networks other than Ethereum itself for those old and new projects because BSC is a copy of Ethereum that's why it's identical with each other the only differences was Ethereum is far more decentralized compared to Binance smart chain.
Binance smart chain is currently very popular, many new projects are using this network. but is this the next ethereum?, I'm pretty sure BSC is not ethereum. there will never be another platform more successful than ethereum. ethereum is special because ETH is the first and most widely used smart contract. its success can never be followed by other platforms. so there will never be a next ethereum even in the future.
I always liked how people operate with old facts without even checking them, when claiming that BSC network is cheaper than Ethereum. When was the last time these people have checked Ethereum and BSC transaction fees? Right now, Ethereum transaction cost about $0.55-0.6, while BSC transaction cost $0.30 (just check any transaction price here). Is 20-30 cents such a big difference to call BSC cheap? It does not looks like a huge price gap for me. Despite "cheap fees", what are the other reasons for BSC to be 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
It can be said like that, I also see that BNB will be able to replace ETH in the future. The prediction is very reasonable given the significant development of BNB in recent months.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 the price of BNB, I believe that it will continue to increase over time until it will be able to pass the price of 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
Same thought a few months ago, but right now I think the success of BSC mainly comes from good marketing and good community relations kept by CZ, as the Binance Smart Chain is more kinda like a community chain rather than an official chain for Binance. Indeed there are lots of good projects on BSC, and the whole ecosystem maintained great, and there would be potential benefits for projects to launch on BSC : the lower gas fee and the potential to be listed on one of the mega centralized exchange: Binance. However, the main tech-iteration comes from Ethereum, comes from Vitalik and the Geek community, and BSC acts more like a side chain for Ethereum, combining the benefits for both centralized and decentralized world. So if there's one proper way to define BSC, I think it would be a transition from Ethereum 1.0 to Ethereum 2.0 or Layer 2 solution, rather than becoming the "New Ethereum". Also please try to read the in-depth interview for CZ hosted by LatePost, might get a better understanding of Binance, BSC and CZ.
For the time being, due to the ETH fee that is less able to be reached by coin fans on the ETH network. So thus many are switching to BSC. However, there are still many ETH users, let alone many new tokens that use the ETH platform
Ethereum high gas fee is one of the reason people went to binance . Basically Binance is a fork of ETH . So innovations being done in Eth, Binance simply goes with it with some tweaks. So it will be unlikely to go by ETH.
well, because ethereum fees are more expensive than BSC, and because there are some other problems, nowadays people tend to use BSC instead of ETH in building new projects. Well, I myself feel the fee is cheap, and the transaction is fast. I think, BSC can be said as the new ethereum in the future. but for now, it looks like the use of ETH is still more than BSC, especially now that there are so many coins that use the ethereum platform. 
To be honest, I don't feel that there is much being done about Ethereum right now. I don't see any news or new developments that are being talked about excitedly here in this forum. So I guess the hunch of many might become a reality. It is now a matter of time before Binance coin will overtake Ethereum. Don't get me wrong, I was and still a supporter of Ethereum, but I live in the real world and in the real world you need to be a realist to see that ETH will be overtaken by a much more active Binance.
Binance Smart Chain has a lot of advantages over Ethereum and Ethereum-compatible blockchains. Here are some of the major ones:
* Insanely fast transactions (3 seconds)
* Cheaper transactions (approx 50 times cheaper)
* Insanely fast transactions (3 seconds)
* Cheaper transactions (approx 50 times cheaper)
Yesterday I needed to swap few BSC tokens. Since my wallet had no BNB, I've withdrawn few from gambling casino. It took about 30 minutes before I got them in my wallet. Confirmation and swapping took also about an hour. When everything was done, I have withdrawn BNB to Binance and they were confirmed there in about 5min and I've paid for that transaction 6 cents.
If we open etherscan.io right now, we could see that a transaction can be done with the following circumstances "15 gwei $0.79 | ~ 16 mins:0 secs". This is still slower and expensive than a BSC transaction, but it does not look like a "3 sec" quick and "50 times cheaper".
Agree, manytimes i interact with Dex on BSC Platform and its not an easy things to do and not a smooth fast transaction, my experience when using EOS is better.
I guess the next dApps platform that will compete with ETH is EOS.
In reality, as of now Binance is growing well overall, and numerous crypto clients have changed to the BSC network, so that from one day to another its improvement is expanding, and they enjoy the accompanying benefits;
* Fast transactions
*Low Transactions cost
Yet, I think it is too soon to say that BSC is the new Ethereum, on the grounds that etherem is likewise developing with awesome, particularly over the most recent two days etherem transaction expenses have diminished by half, this emphatically affects ETH's future development, obviously BNB presently can't beat ETH's fame ,
However much I loved the Binance Smart Chain, they can't be the "new" or "next" Ethereum. Nobody can supplant Ethereum regardless of that we are so weary of these extreme gas charges
Furthermore, I have an inclination that Eth 2.0 will be coming soon as they are changing from evidence of-work to confirmation of-stake. With this one, Ethereum would be relentless!
* Fast transactions
*Low Transactions cost
Yet, I think it is too soon to say that BSC is the new Ethereum, on the grounds that etherem is likewise developing with awesome, particularly over the most recent two days etherem transaction expenses have diminished by half, this emphatically affects ETH's future development, obviously BNB presently can't beat ETH's fame ,
However much I loved the Binance Smart Chain, they can't be the "new" or "next" Ethereum. Nobody can supplant Ethereum regardless of that we are so weary of these extreme gas charges
Furthermore, I have an inclination that Eth 2.0 will be coming soon as they are changing from evidence of-work to confirmation of-stake. With this one, Ethereum would be relentless!
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In my opinion, Ethereum and BNB are not competitors. Both are doing a great job. Although Ethereum is not good in some areas, its prices have also increased a lot.
In the future, the ETH and BSC network will become even stronger. I think Ethereum may be # 1 and BNB # 2 in the future, Bitcoin may be eliminated
In the future, the ETH and BSC network will become even stronger. I think Ethereum may be # 1 and BNB # 2 in the future, Bitcoin may be eliminated
Ethereum has an older age than Binance, that can be a strong consideration because here the Ethereum community is bigger than BNB. Ethereum and Binance will be the choice for everyone when BNB has the same business area as Ethereum, so market struggles will occur, causing competition between the two platforms to be forced to immediately make epic innovations in the cryptocurrency world.
With competition, to fight for consumers, here consumers will get something more comfortable.
And Bitcoin, not worthless, but will become an icon of the cryptocurrency universe that can be analogous to gold. Can only be saved, but worth a fortune.
Binance Smart Chain has a lot of advantages over Ethereum and Ethereum-compatible blockchains. Here are some of the major ones:
* Insanely fast transactions (3 seconds)
* Cheaper transactions (approx 50 times cheaper)
* Insanely fast transactions (3 seconds)
* Cheaper transactions (approx 50 times cheaper)
Yesterday I needed to swap few BSC tokens. Since my wallet had no BNB, I've withdrawn few from gambling casino. It took about 30 minutes before I got them in my wallet. Confirmation and swapping took also about an hour. When everything was done, I have withdrawn BNB to Binance and they were confirmed there in about 5min and I've paid for that transaction 6 cents.
If we open etherscan.io right now, we could see that a transaction can be done with the following circumstances "15 gwei $0.79 | ~ 16 mins:0 secs". This is still slower and expensive than a BSC transaction, but it does not look like a "3 sec" quick and "50 times cheaper".
Agree, manytimes i interact with Dex on BSC Platform and its not an easy things to do and not a smooth fast transaction, my experience when using EOS is better.
I guess the next dApps platform that will compete with ETH is EOS.
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