PancakeSwap vs Uniswap - page 2. | Bitcointalksearch.org

Abiky

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Quote from: tumis on March 06, 2021, 03:17:35 PM

What exactly is pancake centralization? Can someone explain it in detail ? The principle is similar in principle I don't see any differences under the user's eye. How is it different and why is it centralized ? After all it works on the same principle only on a different network as ethereum . I don't understand

PancakeSwap is centralized because it lives on a centralized blockchain controlled by Binance itself. The Binance Smart Chain is nothing more than a "glorified payment processor" subject to the risks of a single point of failure. Things would've been different if Binance wouldn't controlled most of the network's nodes. The company decided to sacrifice decentralization, security, and reliability in exchange for scalability (low fees, and blazing-fast transactions).

Ultimately, Uniswap will win as it's the most decentralized AMM in the industry. It's suffering from high fees and slow performance because the ETH blockchain is extremely clogged. Things could change with Uniswap V3, as most operations will be performed in an off-chain manner. After that, Uniswap will be able to provide low fees and high performance to its users. PancakeSwap's rise may not last for long, once people experience the negative effects of centralization. Who knows what the future of these platforms will be as mainstream adoption for crypto/Blockchain tech grows towards new heights? Just my thoughts Grin

kaseygriffin

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I have experienced both dex in general at this point I prefer PancakeSwap because it is much easier to use and the transaction cost is also a lot cheaper than uniswap. But it seems that the BSC ecosystem does not have many because there are not many potential projects on this platform. As for uniswap I still rate it well because this is also where new projects raise funds and offer a lot of different coins. Overall, PancakeSwap is solving the problem of transaction fees on the network well uniswap at the moment.

dhemasm

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Quote from: joniboini on March 07, 2021, 06:06:22 AM

Yeah, they can control the fees since it's centralized.

"For Now" Just hope it will become Decentralized soon as some post before said.

Quote from: joniboini on March 07, 2021, 06:06:22 AM

If people only care about fees they could become a good solution for sure, but when ETH2.0 comes it will be competitive again. Not to mention lots of decentralized projects, especially those who prefer strong main-chain would not sacrifice decentralization that much.

Fees + Time i suppose, It much faster and Cheaper but yeap ETH 2.0 I suppose will change it again and basically BSC was more popular rather than other network since it's basically "1:1" to ethereum and people was more familiar to it's UI Especially on it's explorer and EVM.

Quote from: joniboini on March 07, 2021, 06:06:22 AM

Uniswap still has the first mover advantage, and with the update to v3 and the lates proposal, plus 2.0, I think they're still strong enough to tackle projects backed by centralized entity.

I though V3 it's only rumour? If this real then it's gonna be good, Just won't hope much since Uniswap V2 didn't even realized before (UNIPIG).

Well let's hope ETH 2.0 Will be launched soon (Hope this year).

Beparanf

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A very hype project, at some stage it even overtook Uniswap. In telegram, in many chats, they discuss cake

Yeah. Pancake swap fee is far more cheaper than Uniswap and the transaction speed on pancake swap is very fast since its on BSC. There is some minor downside on BSC since its centralized but it was fully covered by the feature that I mention above. BSC is the next ETH and Pancake will follow too.

The only reason why Uniswap become hit before is because it just the first mover on AMM industry and most of the competitors was on the same chain which means they have same feature.

joniboini

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Quote from: dhemasm on March 07, 2021, 01:21:30 AM

BSC was much better on Gas Fees but it's Centralized For now.

Yeah, they can control the fees since it's centralized. If people only care about fees they could become a good solution for sure, but when ETH2.0 comes it will be competitive again. Not to mention lots of decentralized projects, especially those who prefer strong main-chain would not sacrifice decentralization that much.

Uniswap still has the first mover advantage, and with the update to v3 and the lates proposal, plus 2.0, I think they're still strong enough to tackle projects backed by centralized entity.

dhemasm

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Quote from: janggernaut on March 06, 2021, 11:31:03 PM

Uniswap is using ETH as their platform, while pancake is using BNB as their platform. Both are different, so we can't compare between them.

But BSC was modified Ethereum Fork and compatible with EVM so basically it's have same purpose & Use case and from my personal opinion and we can Compare it since it's basically same and the real Head-to-Head Match will come after Eth 2.0 When both of them will have PoS. BSC was much better on Gas Fees but it's Centralized For now.

Quote from: janggernaut on March 06, 2021, 11:31:03 PM

I don't think people will back to use ETH as many as before BSC launched, i can say it's only for rich people who can afford to pay more than $30 just for 1 trade by using ETH platform as gas fee.

BSC was one of the best alternative especially for DeFi Transaction or the other dApps. We only can wait for now which one will released early, Decentralized BSC As you said or Ethereum 2.0.

janggernaut

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Uniswap is using ETH as their platform, while pancake is using BNB as their platform. Both are different, so we can't compare between them.

Just fyi, binance smart chain will be become decentralized later,

I don't think people will back to use ETH as many as before BSC launched, i can say it's only for rich people who can afford to pay more than $30 just for 1 trade by using ETH platform as gas fee.

tumis

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Quote from: Abiky on March 05, 2021, 12:09:10 PM

Quote from: agustina2 on March 01, 2021, 01:56:09 PM

Great again on what? Fees?

It's not about being decentralized anymore but people are now open to always choose the centralized way as long as they profit and save fees.

I'm now more of using Binance Chain and the experience is good.

Yes. I'm talking about cheap fees and increased performance. It's hoped that the newest iteration of Uniswap would fix this issue by adopting off-chain solutions for scalability. Only then, the AMM will be able to retain performance without sacrificing decentralization. No matter how far PancakeSwap or any other competitor goes, Uniswap will still be the leader in the industry because of its unrivaled level of decentralization. Who knows what the future of Uniswap will look like as it continues to grow in development and innovation?

Nonetheless, PancakeSwap's rise may not last for long once Uniswap gets back on track. Binance Smart Chain provides low fees and blazing-fast transactions, but it's utterly centralized. Sooner or later, developers and everyday people will experience the consequences of a system controlled by a single entity. Once this happens, they'll head back to Ethereum and Uniswap in order to obtain the benefits of decentralization and censorship-resistance. Trying to beat Uniswap is like trying to beat Ethereum or Bitcoin. It's why I believe PancakeSwap will never succeed in taking down Uniswap's dominance in the crypto/Blockchain space. Just my opinion

What exactly is pancake centralization? Can someone explain it in detail ? The principle is similar in principle I don't see any differences under the user's eye. How is it different and why is it centralized ? After all it works on the same principle only on a different network as ethereum . I don't understand

Abiky

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Quote from: agustina2 on March 01, 2021, 01:56:09 PM

Great again on what? Fees?

It's not about being decentralized anymore but people are now open to always choose the centralized way as long as they profit and save fees.

I'm now more of using Binance Chain and the experience is good.

Yes. I'm talking about cheap fees and increased performance. It's hoped that the newest iteration of Uniswap would fix this issue by adopting off-chain solutions for scalability. Only then, the AMM will be able to retain performance without sacrificing decentralization. No matter how far PancakeSwap or any other competitor goes, Uniswap will still be the leader in the industry because of its unrivaled level of decentralization. Who knows what the future of Uniswap will look like as it continues to grow in development and innovation?

Nonetheless, PancakeSwap's rise may not last for long once Uniswap gets back on track. Binance Smart Chain provides low fees and blazing-fast transactions, but it's utterly centralized. Sooner or later, developers and everyday people will experience the consequences of a system controlled by a single entity. Once this happens, they'll head back to Ethereum and Uniswap in order to obtain the benefits of decentralization and censorship-resistance. Trying to beat Uniswap is like trying to beat Ethereum or Bitcoin. It's why I believe PancakeSwap will never succeed in taking down Uniswap's dominance in the crypto/Blockchain space. Just my opinion

abderrazak belkhir

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Quote from: cryptoaddictchie on March 01, 2021, 07:42:31 PM

Quote from: Abiky on March 01, 2021, 12:37:29 PM

The battle is getting fierce but only one will be a true winner in the long run. I'm all in for Uniswap as it's the biggest decentralized AMM in the world. Just my opinion

I agree with you. We all knew that these AMM happened because uniswap started it all. The v3 should be a good progress and also helps on the reduction of paying too much gas, I think they can able to manage it as other platform using dex can do it. Not to mention that they are really making it as low as possible.

they have to be quick about it though, if a lot of people start using other than Ethereum like Polkadot, Cardano and BSC, they might keep using them even after they fix their fees problems, they need to find a solution asap.

cryptoaddictchie

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Quote from: Abiky on March 01, 2021, 12:37:29 PM

The battle is getting fierce but only one will be a true winner in the long run. I'm all in for Uniswap as it's the biggest decentralized AMM in the world. Just my opinion

I agree with you. We all knew that these AMM happened because uniswap started it all. The v3 should be a good progress and also helps on the reduction of paying too much gas, I think they can able to manage it as other platform using dex can do it. Not to mention that they are really making it as low as possible.

shinratensei_

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Quote from: lifeOK on March 01, 2021, 12:45:11 AM

PancakeSwap is the leading decentralized exchange running on Binance Smart Chain. By user count and popularity PancakeSwap is the top exchange. Deal with Uniswap means congestion on the network and the high gas fees while PancakeSwap is relatively more fast, and cheap to use it.

This should not be decentralized as uniswap how decentralized the swap service totally pegged with the blockchain that already used to run the swap service because the swap service totally pegged with the blockchain. Pancake use BSC that has very small amounts of nodes but these nodes controlled by binance itself and the update to the protocol can be executed anytime.
Both were different and it's not comparable.

milewilda

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Quote from: adamvp on March 01, 2021, 02:52:58 PM

@agustina2 experience is good until problems will occur...
And as binance smart chain is not truly decentralised it will be very easy to regulators to force its "excellent" idea - like freezing acounts or blocking transfers not complied with their regulations..
This risk is a way lower in truly decentralised networks like Ethereum is!
So BSC is good for fast action like swap, but not for keeping money on them

You can always have the option though as long on what suits you or according to your needs.Even if you are a die hard fan of decentralization, we cant just ignore the fact
on using up centralized one for the benefit of saving up fees or whatever reason you do have in mind.Dont stick on things which would really be costing you a lot.
If there are alternatives then it would be better for you to consider it out rather than on forcing into something which you do know that it will really be putting
you on disadvantage.

sunsilk

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Quote from: Raflesia on March 01, 2021, 09:37:03 AM

Sometimes people always switch from Ethereum network to Binance chain which has faster transactions to be honest I also like it and trade more on pancakeswap than Uniswap.
So when there are low costs, many people will switch and leave the more expensive ones.

Because of too much fee, that's really sick to keep doing it with Uniswap if the fees are totally high and cannot be tolerated anymore. BSC is cheaper and that's why many traders are already getting on it.

Thus, there's CZ who's marketing his own BSC and giving statements that will make others feel that they're on the wrong chain. Just like this tweet.

https://twitter.com/cz_binance/status/1365708265078726656

adamvp

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@agustina2 experience is good until problems will occur...
And as binance smart chain is not truly decentralised it will be very easy to regulators to force its "excellent" idea - like freezing acounts or blocking transfers not complied with their regulations..
This risk is a way lower in truly decentralised networks like Ethereum is!
So BSC is good for fast action like swap, but not for keeping money on them

agustina2

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Quote from: Abiky on March 01, 2021, 12:37:29 PM

PancakeSwap's rise may not last for long if Uniswap becomes great again.

Great again on what? Fees?

It's not about being decentralized anymore but people are now open to always choose the centralized way as long as they profit and save fees.

I'm now more of using Binance Chain and the experience is good.

adamvp

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@Abiky that's the way big whales would like to things going - only big entities will be able to use cryptocurrencies on-chain, others will be forced to use intermediary - sad, but real decentralization is too beautifull to be true..

Abiky

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Quote from: cryptoaddictchie on February 25, 2021, 10:16:07 PM

You are right. Majority have shift to Binance smart chain already and increasing as the gas fee on eth network is terribly high and unbearable already. Imagine paying more than $100 for a few just to confirmed and interact swap feature is really a pain for all traders. It seems like that uniswap are now privilege only for those doing a huge number of transactions. Pancakeswap Volume has surpass the Uniswap on quite sometime and it will totally exceed it once the fee never go down to a normal one.

I can't imagine paying well above $10 just to make a deposit or withdrawal from a decentralized lending platform. It would leave the "average Joe" out of the system. Only the wealthy will be able participate on "De-Fi", greatly defeating the purpose of crypto/Blockchain tech. That's why most people are considering other alternatives to Uniswap. They want to save off fees while enjoying the benefits of decentralization. Little do they know that PancakeSwap lives on a centralized blockchain controlled by a single entity (which in this case it's Binance). Uniswap wins by a long shot, if we take into account decentralization and censorship-resistance. I'm sure that the upcoming version of Uniswap (V3) will attract the likes of everyday people once more. PancakeSwap's rise may not last for long if Uniswap becomes great again.

Nonetheless, there are many AMM platforms aiming to take Uniswap's place on the market. Yet, none have been able to outmatch Uniswap's level of adoption in the mainstream world. The battle is getting fierce but only one will be a true winner in the long run. I'm all in for Uniswap as it's the biggest decentralized AMM in the world. Just my opinion

adamvp

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I' am just experiencing some difficulties regarding Uniswap and PancakeSwap - I'm trying to buy some of certain tokens on PancakeSwap as Binance Smart Chain fees are much cheaper than Ethereum fees, but price of my token is much over 5% higher on PancakeSwap! This token isn't included in Binance Bridge service..
So I think it is many work ahead Binance until they reach Uniswap in terms of market depth and liquidity..

Overally I think Uniswap as Eth project is much more reliable and I'd rather add liquidity there, as Binance (Smart) Chain isn't truly decentralised network

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Quote from: lifeOK on March 01, 2021, 12:45:11 AM

PancakeSwap is the leading decentralized exchange running on Binance Smart Chain. By user count and popularity PancakeSwap is the top exchange. Deal with Uniswap means congestion on the network and the high gas fees while PancakeSwap is relatively more fast, and cheap to use it.

It is true that now PancekSwap is now above Uniswap, they are friendlier when it comes to swapping compared to Uniswap, which now costs a lot of money.
Sometimes people always switch from Ethereum network to Binance chain which has faster transactions to be honest I also like it and trade more on pancakeswap than Uniswap.
So when there are low costs, many people will switch and leave the more expensive ones.

Topic: PancakeSwap vs Uniswap - page 2. (Read 589 times)