Polkadot or Binance Smart Chain? - page 2.

Matteorsini

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Quote from: Abiky on January 29, 2021, 08:38:56 AM

There's been a lot of hype surrounding Polkadot these days. The alternative smart contract platform is definitely faster and cheaper to use than Ethereum itself. It's already within the top ranks in market cap. Yet, people have forgotten about Binance Smart Chain these days. This smart contract platform is as cheap and fast as Polkadot (someone correct me if I'm wrong), serving as a great alternative to the Ethereum blockchain. What these platforms lack is a solid number of dApps to overcome Ethereum. There doesn't seem to be any indication that developers are going to build new and exciting dApps on both chains. As long as Ethereum has the most dApps and tokens, its rivals won't be able to stand a chance against it.

Now the question is, which of the aforementioned platforms is better? AFAIK, Binance Smart Chain (powered by BNB) has a greater level of centralization than Polkadot itself. This should make the latter platform a much better choice for everyday people. Still, there's potential for BNB as it could attract businesses and companies in the mainstream world. Which will survive in the long run, is an excellent question. Thoughts? Huh

My portfolio currently consists of 40% BTC, 30% ETH and the rest are evenly spread out between my top fave altcoins - ADA, LTC and this promising gem called PAYB. A DEX bridging BSC to the super-hyped Polkadot ecosystem.
I strongly believe these coins will bring me some good profits in this bull run.

lepbagong

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Quote from: nur rochid on November 01, 2021, 01:48:50 AM

we as users of course compare which network is more profitable to use. With the high transaction fees of the ethereum network, the BSC network appeared, and this time the polka-dot network to the polygon network. all of that for me will still be used as needed, and of course choose the network with the lowest fee

Until now, there are indeed many who are looking for alternatives so that transaction costs can be reduced as cheaply as possible without reducing the transaction speed and security that can still be guaranteed.
the growth of other platforms apart from the ethereum platform is clearly very good and useful to be used as a reference to use so that what we want can be achieved.

the binance platform and the polkadot platform actually if you want to see from their use it is clear that many are using the binance platform, this can be seen from the many new projects that use the binance platform and it seems that polkadot is still not optimal. but if we try to use which one depends, all can not be avoided from what we have and what we will do.

Quote from: ?? on ??

I also think that the cost of transactions will always be a priority, all these conveniences are useless. You get used to everything quickly, even if it is inconvenient but cheap.

It may or may not be true, because if the fees are expensive but what we do the transaction is quite high, obviously the cost is not a problem, but what we are looking for is because we feel that the transaction will be safe and fast. but if the transaction value is small, obviously we will do it and look for it at a lower cost and still be safe and fast. so it all depends on what and how much we will do to be successful and fast and safe.

budi691

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Polkadot and Binance Smart Chain are really hard to choose because they are both really good for now,
BSC with a large community and low cost is the choice of many projects for now,
while polkadot, although not as popular as smart chain binance, is ethereum's main competitor,
for now i still choose both

Jeger.Kiting

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Quote from: ?? on ??

Quote from: nur rochid on November 01, 2021, 01:48:50 AM

we as users of course compare which network is more profitable to use. With the high transaction fees of the ethereum network, the BSC network appeared, and this time the polka-dot network to the polygon network. all of that for me will still be used as needed, and of course choose the network with the lowest fee

I also think that the cost of transactions will always be a priority, all these conveniences are useless. You get used to everything quickly, even if it is inconvenient but cheap.

If that option is better, everyone will look for a reduced shipping fee and the transaction process is also fairly fast, because in today's era what they are looking for is convenience, cheaper shipping costs, and the process is fast, that's what people are looking for. society especially, users who have not too many assets, The problem is that someone is used to fast transaction things, it can't be denied because we here in the Cryptocurrency world all want to use technology that has speed in terms of transactions, especially regarding sending personal assets they..

adiebitsler

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Quote from: DewiKirana on November 01, 2021, 03:58:00 AM

I think POLKA is better than Binance Smart Chain. Because POLKA is not centralized like Binance Smart Chain. But now I use both platforms because they are very functional and reliable.

If indeed Polka can be better than Binance Smart Chain, why do you still choose both at this time ? you should only choose Polka because he looks better in your eyes even though Binance Smart Chain is still very helpful and is still trusted by many people to use.

DewiKirana

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I think POLKA is better than Binance Smart Chain. Because POLKA is not centralized like Binance Smart Chain. But now I use both platforms because they are very functional and reliable.

nur rochid

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we as users of course compare which network is more profitable to use. With the high transaction fees of the ethereum network, the BSC network appeared, and this time the polka-dot network to the polygon network. all of that for me will still be used as needed, and of course choose the network with the lowest fee

abralzain17

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Quote from: Abiky on January 29, 2021, 08:38:56 AM

There's been a lot of hype surrounding Polkadot these days. The alternative smart contract platform is definitely faster and cheaper to use than Ethereum itself. It's already within the top ranks in market cap. Yet, people have forgotten about Binance Smart Chain these days. This smart contract platform is as cheap and fast as Polkadot (someone correct me if I'm wrong), serving as a great alternative to the Ethereum blockchain. What these platforms lack is a solid number of dApps to overcome Ethereum. There doesn't seem to be any indication that developers are going to build new and exciting dApps on both chains. As long as Ethereum has the most dApps and tokens, its rivals won't be able to stand a chance against it.

Now the question is, which of the aforementioned platforms is better? AFAIK, Binance Smart Chain (powered by BNB) has a greater level of centralization than Polkadot itself. This should make the latter platform a much better choice for everyday people. Still, there's potential for BNB as it could attract businesses and companies in the mainstream world. Which will survive in the long run, is an excellent question. Thoughts? Huh

as an alternative it seems good to choose the polkadot platform, smart contracts like this are very popular with many people because on other platforms everyone will have difficulty due to high transaction costs, of course people will look for other alternatives, namely using the polkadot platform, but for that there is still 1 platform that also has low transaction fees, namely Polygons

LUCKMCFLY

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Quote from: ?? on ??

My first choice is bsc. Then I like Polkadot. At the moment bsc is in a much better position. But Polkadot has the potential to do better in the coming days.

I think that many are going to BSC because the majority of games and NFT projects are under that network, it is not necessary to point out that many use the network for its low fees, also that some game projects are using BSC's testnet network for different betas. The Polkadot network has a long future, but it has to be more competitive for project managers to choose it, so far the one with the greatest leadership is BSC and even by fashion.

For now I see it very difficult to dethrone the BSC network, although as I say if they offer better benefits it is likely.

Sardel

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Quote from: Abiky on January 29, 2021, 08:38:56 AM

There's been a lot of hype surrounding Polkadot these days. The alternative smart contract platform is definitely faster and cheaper to use than Ethereum itself. It's already within the top ranks in market cap. Yet, people have forgotten about Binance Smart Chain these days. This smart contract platform is as cheap and fast as Polkadot (someone correct me if I'm wrong), serving as a great alternative to the Ethereum blockchain. What these platforms lack is a solid number of dApps to overcome Ethereum. There doesn't seem to be any indication that developers are going to build new and exciting dApps on both chains. As long as Ethereum has the most dApps and tokens, its rivals won't be able to stand a chance against it.

Now the question is, which of the aforementioned platforms is better? AFAIK, Binance Smart Chain (powered by BNB) has a greater level of centralization than Polkadot itself. This should make the latter platform a much better choice for everyday people. Still, there's potential for BNB as it could attract businesses and companies in the mainstream world. Which will survive in the long run, is an excellent question. Thoughts? Huh

Your analysis is perfect. I am in line with all pros and cons you mentioned. But on the other hand, I don't think we should choose between any of them. Especially after I saw Paybswap DEX and what they are planning to create. I am more than excited to see the final result of this powerful Paybswap DEX connecting the Binance smart chain to Polkadot and Etehreum using bridge modules. BSC, Polkadot, and Ethereum are the future of Defi and Paybswap aims to connect them all in one place. That blows my mind off.

BlackRexuz

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I think Binance Smart Chain can be better than Polkadot in the long run, because Binance has all the necessary resources to make it happen (after all, it is the largest crypto exchange in the world. so I am sure that binance smart chain will be used by many new projects in the world. future and of course it will make the binance smart chain even more popular.

Iceblast

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A glimpse of Polkascan.io the daily transaction amount using Polkadot is less than 20,000 per day at the time of writing. Compared to Etherscan.io , Ethereum's daily transactions are more or less flat at around 1 million per day. And Binance Smart Chain via BSCScan.com ? They have grown to over 5 million per day.

In this case, it can be said if it is true that BSC has advantages, but polka dots also have significant developments

coinzzzpro

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Polkadot has much better price prospects than the BNB coin. Not because the project is better, but because it is still quite cheap. On November 11 the auctions will start, you will see a doubling of the price, because there will be very few free coins in circulation. This also applies to KSM.

CaVO32

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Quote from: elisabetheva on October 26, 2021, 06:56:16 PM

Quote from: Baimovic on October 26, 2021, 06:39:30 PM

BNB has always been tied to many platforms that have great potential and I see if Polkadot releases web3 well then it can be done on Binance too and if from experience so far I still choose Binance as one of the best platforms of choice. However, if the polkadot platform has been fully released, then it is not wrong if we also use the platform to carry out our trading activities because as ordinary people, of course there are no limits to doing this.

it is natural that we will do and look for the best alternative or at least get to know the method with a different platform, where it could be that one day the platform will actually be the choice of project makers to determine the coins to be marketed.

but i totally agree that until now the binance platform is probably still the best and cheapest that can be used.
is it not possible that polka dots can also be an option? Of course, on the way it can be done if indeed polka-dot is also one of the best and reliable choices, but for now maybe we have to look at the fact that Binance is still the best and often used compared to other new platforms.

If you are being practical, right now, you will of course choose BSC as they have long list of trading pairs as well as cheap fees. With comparison with DOT, I don't think they can be compared right now. How many projects are on board with DOT vs BSC. So the availability of what you want is the consideration here. So right now, BSC has more advantages over DOT. Let us see if DOT can cope up with the market.

elisabetheva

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Quote from: Baimovic on October 26, 2021, 06:39:30 PM

BNB has always been tied to many platforms that have great potential and I see if Polkadot releases web3 well then it can be done on Binance too and if from experience so far I still choose Binance as one of the best platforms of choice. However, if the polkadot platform has been fully released, then it is not wrong if we also use the platform to carry out our trading activities because as ordinary people, of course there are no limits to doing this.

it is natural that we will do and look for the best alternative or at least get to know the method with a different platform, where it could be that one day the platform will actually be the choice of project makers to determine the coins to be marketed.

but i totally agree that until now the binance platform is probably still the best and cheapest that can be used.
is it not possible that polka dots can also be an option? Of course, on the way it can be done if indeed polka-dot is also one of the best and reliable choices, but for now maybe we have to look at the fact that Binance is still the best and often used compared to other new platforms.

Baimovic

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BNB has always been tied to many platforms that have great potential and I see if Polkadot releases web3 well then it can be done on Binance too and if from experience so far I still choose Binance as one of the best platforms of choice. However, if the polkadot platform has been fully released, then it is not wrong if we also use the platform to carry out our trading activities because as ordinary people, of course there are no limits to doing this.

babygun

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Quote from: iv4n on October 26, 2021, 03:51:52 PM

I am surprised about the things I read about this comparison between BNB and Polkadot... to be honest, I am a BNB user, I didn't try Polkadot yet! My road to BNB wasn't simple, before BNB I used other chains and BNB came as very good, a lot better than the ones I was using before!

Definitely, this thread and some comments affected me, I will take a closer look at Polkadot and if I like it I will definitely try it!

Well, BNB has a lot more uses such as in the Defi space but Polkadot is also working on it to crease real use case (with their parachains). Furthermore, it is an interesting coin because of the staking. On most sites you get up to 12% so it adds up quickly.

iv4n

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I am surprised about the things I read about this comparison between BNB and Polkadot... to be honest, I am a BNB user, I didn't try Polkadot yet! My road to BNB wasn't simple, before BNB I used other chains and BNB came as very good, a lot better than the ones I was using before!

Definitely, this thread and some comments affected me, I will take a closer look at Polkadot and if I like it I will definitely try it!

illiki23

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Hail Eris!

The potentially centralized nature of BSC kind of defeats the whole point. Yeah anyone can become a validator... technically... but with the very low number of validators allowed and the uneven distribution of assets you have to trust they aren't at any time partially controlled by some group (including you Binance with your centralized exchange). Yes it gets faster transactions this way but one of the whole points of crypto is we are ok with a less efficient system (for now) in return for not having to trust anyone is not influencing things.

TomArayaSlaya

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Polkadot is likely to surpass BNB sooner or later considering that dot is not an ethereum clone but a ground up system to accommodate other chains and also much more better system that promise better interpolarity cross chain and many other use case So I think personally Is going to do much more better but binance have already developed defi games nfts and so many things that it will be hard to lose all those to another chain So basically another day another competition

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