Binance Smart Chain or BSC for short has become one of Ethereum's strongest competitors in 2021.
Binance Smart Chain can achieve a block processing time of 3 seconds using something called Proof of Staked Authority (PoSA), where participants stake BNB to become validators. If they propose a valid block, they will then receive a fee from the transactions contained in it. Importantly, there is no subsidy for newly minted BNB as BNB is not inflationary and its supply decreases over time as Binance regularly "coins burn".
The idea of a double chain architecture has the big goal of allowing users to seamlessly transfer assets from one blockchain to another. This way, fast trading can be enjoyed on Binance Chain, while powerful dApps can be built on BSC. The two products complement each other.
Binance Chain's BEP-2 and BEP-8 tokens can be exchanged for BEP-20 tokens, a new standard introduced for Binance Smart Chain. Without going into too much detail, the BEP-20 uses the same functionality as its Ethereum ERC-20 counterpart. In addition, the Binance Chain Wallet allows simple token transfers from one chain to another.
https://www.wartaekonomi.co.id/read333354/apa-itu-binance-smart-chain
Topic: Is there a new blockchain that will compete with Ethereum? - page 7. (Read 1942 times)
There are plenty of blockchain that is now competing with Ethereum such as Polygon network, binance smart chain, solana chain and even cardano is now creating its blockchain that will definitely a very huge competitor of ethereum in the future.
However, of all Ethereum competitors, no one has been able to beat Ethereum at this time, even though the use of the Binance smart chain has been very large through the development of new projects and new tokens.Different projects require different platforms which OP may actually need something else other than ETH for less transaction fee. There are other platforms like TRX or EOS which has cheaper transaction fee, EOS is even free. But why are projects didn't prefer EOS and TRX is I guess they also have limitations as to what they can do to projects.
But with ETH, the network is already big and the project can easily create a big community than using other networks. Marketing purpose still is one reason for picking ETH as a candidate blockchain.
There are plenty of blockchain that is now competing with Ethereum such as Polygon network, binance smart chain, solana chain and even cardano is now creating its blockchain that will definitely a very huge competitor of ethereum in the future.
However, of all Ethereum competitors, no one has been able to beat Ethereum at this time, even though the use of the Binance smart chain has been very large through the development of new projects and new tokens.
Today i just interacting with ICX blockchain and doing some trade on Balanced pltform and do some stuff on OMM platform.
My experience using the blockchain was smooth, fast, and cheap. It could be one of the candidate for the competition but im not understand enough about the ICX blockchain to be comparing it more.
My experience using the blockchain was smooth, fast, and cheap. It could be one of the candidate for the competition but im not understand enough about the ICX blockchain to be comparing it more.
I will like you to watch out for bsc, polygon, tron, solana xrp chain etc
Due to high gas fees of Ethereum blockchain, there are many blockchains launched of Ethereum competitors and after launching new blockchains on the same Ether wallet address configure with Metamask, many investors and users are moved and getting low gas fess benefits major on BSC chain and some others, I hope in future more competitors will become of Ethereum.
There are plenty of blockchain that is now competing with Ethereum such as Polygon network, binance smart chain, solana chain and even cardano is now creating its blockchain that will definitely a very huge competitor of ethereum in the future.
However, of all Ethereum competitors, no one has been able to beat Ethereum at this time, even though the use of the Binance smart chain has been very large through the development of new projects and new tokens. 
Right now i can say Cardano. Basically everyone else is bullshit.
Cardano seems to be the best positioned right now to compete with Ethereum. They made big improvements on Bitcoin/Ethereum and will be 'finished' in March 2021 while Ethereum has high gas fees and is transitioning to PoS which will still take a couple of years and is a very complex task.
Although, these alt settlement layers aren't really competing with ETH anymore, they are competing with layer 2 (Loopring, Matic, etc).
Cardano seems to be the best positioned right now to compete with Ethereum. They made big improvements on Bitcoin/Ethereum and will be 'finished' in March 2021 while Ethereum has high gas fees and is transitioning to PoS which will still take a couple of years and is a very complex task.
Although, these alt settlement layers aren't really competing with ETH anymore, they are competing with layer 2 (Loopring, Matic, etc).
One way to change is the solution that we get for the problem of costs, especially for future changes in ETH so that certain parties make new changes so that large gas costs can be reduced so that transactions can return to what they used to be
We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?
Stakenet – Stakenet is a trustless cross-chain platform that was built with its native cryptocurrency – XSN. It is an autonomous and future-proof platform that combines the Lightning Network and Masternode into a global blockchain for decentralized applications. Stakenet DEX is based on the Lightning Network, a second-layer solution that enables peer-to-peer off-chain transactions within a blockchain or between and among different blockchains. A Masternode on the other hand is a dedicated full node of a blockchain that resides around the world. The Stakenet project has furnished its Masternodes to be Lightning network ready. This design allows Stakenet users to experience the instant and virtually feeless transactions of cryptocurrency. To date, the Stakenet wallet, Stakenet's non-custodial multi-currency light wallet that features Stakenet DEX is currently in beta testing. This revolutionary wallet will allow Stakenet clients to conduct transactions over the Lightning Network without the need to download the full record of blockchains. 
There are numerous accessible chains right now that has savvy contract capacity with less expensive exchange charges in dollar esteem. Ethereum will keep on giving higher tsunamis, and they should coordinate with the degree of client interest for exchanges with the charges that many individuals frequently grumble about.
The binance smartchain is already fighting so hard to dominate the altcoin space and take away the crown from eth, have you observed of lately that most projects are now migrating to bsc because of low transaction fee. And the bsc scan record much transactions on daily basis than ETH lately.
We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?
We already have projects providing us with alternative to the Ethereum blockchain but I do not think we will have any as perfect as ethereum is, Ethereum made everything so easy which is why we have so many projects on its blockchain making it congested. Ethereum will always have it's place as the decentralization queen as it is the reason behind many if the big project today.
Even the so called alternative, many of them held their crowdfunding on the Ethereum blockchain. What is making ethereum lose some credibility is the fees and when that get sorted out, Ethereum will dominate the decentralized/smart contract industrial again.
it seems ethereum is still very difficult to be competed with by other blockchains, although many link ethereum will be defeated by bsc or Bnb, and will also compete with NFT,, I think this is still very difficult to happen with ERC2o dna tokens even they are not ethereum competitors in my opinion .
There are plenty of blockchain that is now competing with Ethereum such as Polygon network, binance smart chain, solana chain and even cardano is now creating its blockchain that will definitely a very huge competitor of ethereum in the future.
we've been waiting for something that ignites the market like the competition is happening now.from some of the projects you mentioned, I believe the dominance now lies in ethereum and the binance smart chain. but we can't forget how now SOL is growing with some tokens also born from its chain.
There are plenty of blockchain that is now competing with Ethereum such as Polygon network, binance smart chain, solana chain and even cardano is now creating its blockchain that will definitely a very huge competitor of ethereum in the future.
There are Many blockchains have smart contracts like ethereum and with very small gas fees like BSC, Tron, Metic and many more
the effect of ETH which was known to the public earlier than what I mentioned above so that eth is better known and superior
but gradually the BSC etc. began to be known by the public with its cost-friendliness here ETH is required to balance other competitors such as BSC
the effect of ETH which was known to the public earlier than what I mentioned above so that eth is better known and superior
but gradually the BSC etc. began to be known by the public with its cost-friendliness here ETH is required to balance other competitors such as BSC
There are numerous accessible chains right now that has savvy contract capacity with less expensive exchange charges in dollar esteem. Ethereum will keep on giving higher tsunamis, and they should coordinate with the degree of client interest for exchanges with the charges that many individuals frequently grumble about.
The transaction charges we see in ETH is not controlled by the developers, it is out of their hand and once you have network congestion the transaction charges keeps on increasing and there is nothing they can do about that. The only solution the ETH developers found is to make the network more centralized than they are now so that they will run for validation to only a few nodes so that the confirmation time will be less and so is the reason they are moving them to POS.BSC is already competing with ETH and there are many other chains who had their life once the transaction fees started to create a headache for the end user. Polkadot, Cardano, Terra, and Solana, Hoo Smart Chain and Huobi Eco Chain are a few that are competing with ETH.
Currently , There are also many multi-chain solutions such as Polygon, Solana, BSC... have been born to replace the limited solution of ETH and compete for sure in the future ETH has become obsolete and a lot of problems and transaction fees very high there have been a lot of people complaining about this and I'm sure there will be people who choose more suitable coins than ETH.
It's true, now that there are many new multi-chain here, they are competing with Ethereum. However, because Ethereum is the first Blockchain and already has many popular tokens built from Ethereum, it looks like Ethereum will still be number one even though on the Ethereum Blockchain it has the most expensive fees. 
We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?
Currently , There are also many multi-chain solutions such as Polygon, Solana, BSC... have been born to replace the limited solution of ETH and compete for sure in the future ETH has become obsolete and a lot of problems and transaction fees very high there have been a lot of people complaining about this and I'm sure there will be people who choose more suitable coins than ETH. Jump to: