Topic: Polygon vs BSC - page 3. (Read 952 times)
Although BNB and Solana are good coins but for now I will focus on Solana, out of the top 50 rankings only Solana looks stable and this is a strong indication of investor confidence in Solana, of course investing in Solana long term is the most profitable.
I find both Binance Smart Chain and Polygon have a significant advantage over Ethereum in terms of fees and speed.
While Binance Smart Chain is focused on creating its own thriving and diverse ecosystem, Polygon presents itself as an exit valve for Ethereum itself.
Polygon is currently still a small part of the larger Ethereum network, if more projects move to Polygon it could conceivably reach as far as Ethereum itself.
Polygon gives Binance Smart Chain plenty of reasons to consider its role and create further separation, but BSC is now able to attract more users. With no indication that Ethereum will fix its scaling problems on its own in the near future, users can expect both Binance Smart Chain and Polygon to thrive.
While Binance Smart Chain is focused on creating its own thriving and diverse ecosystem, Polygon presents itself as an exit valve for Ethereum itself.
Polygon is currently still a small part of the larger Ethereum network, if more projects move to Polygon it could conceivably reach as far as Ethereum itself.
Polygon gives Binance Smart Chain plenty of reasons to consider its role and create further separation, but BSC is now able to attract more users. With no indication that Ethereum will fix its scaling problems on its own in the near future, users can expect both Binance Smart Chain and Polygon to thrive.
How is Polygons potential in the future, can it rival with BSC?
Of course, because polygon's gas fees are far lower than BSC's, this may happen; it's only that BSC is still more popular than polygon at the moment, thus many new projects are still using BSC smart contracts. The Proof-of-Stake (PoS) consensus process is used by Polygon, while Proof-of-Stake-Authority (PoSA) is used by BSC. Validators are picked for the PoS consensus method depending on how dedicated a member in the community is to the network; the larger the stake, the higher the possibility of being chosen as a validator.
Both are very good networks and have great potential for growth in the future. Currently, in my opinion, BSC is being used by more people than Polygon, many projects have been successful with the BSC network. However, Polygon has the advantage with very cheap gas fees. In the future, I think it can be comparable to BSC, there are also many projects starting with Polygon.
How is Polygons potential in the future, can it rival with BSC?
Polygon is a highly potential blockchain. In this network, transaction fee is very low. So many project now using this blockchain. Its denand is increasing day by day. Still now it is not rival with BSC. But with times it may superior than BSC.Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, It's a multichain network. Nowadays people showing a lot of interest in this project because of low transaction fees and very fast speed. BSC network is doing very well. Nowadays I am using both of the networks for my regular use. Instead of Ethereum BSC and polygon are the best choise. I am not going to compare BSC with polygon networks. both are doing very well at this moment, both are solving a huge problem in this crypto industry. Personally, I am holding Polygon for now. It's very undervalued to me and the current development stage brings interest to me to buy polygon.
Last night I found a great update from the official Twitter page of Polygon network: Switzerland national postal service to debut crypto stamp on Polygon
Another good news is Polygon eclipsed ETH in daily active users for the first time(Source)
Polygon 351k Daily active user
Etehreum 326k Daily active user
Both articles bring a lot of new investors for Polygon that I believe.
How is Polygons potential in the future, can it rival with BSC?
Polygon is a highly potential blockchain. In this network, transaction fee is very low. So many project now using this blockchain. Its denand is increasing day by day. Still now it is not rival with BSC. But with times it may superior than BSC. How is Polygons potential in the future, can it rival with BSC?
What I do know is that Polygon is currently cheaper than Binance Smart Chain (BSC). But in my opinion, BSC is still superior to Polygon. Potential for the future, I think BSC is difficult for Polygon to compete even though at the moment both are equally good and equally a solution when many people complain about Ethereum's high transaction fees. How is Polygons potential in the future, can it rival with BSC?
Polygon has better scalability over BSC and it's also getting adopted by more and more defi and NFT related projects. Polygon can be a rival to the BSC as it has become a rival since the polygon smartcontract went live a few months ago. If you're watching both since Q1 of this year and you would be seen a fight between BSC and polygon although polygon was a new smartcontract platform at that time it shows very good growth just like BSC. the only thing that make it different if polygon didn't get support from the biggest exchange site in the world. I mean binance was also contributing a lot to the BSC ecosystem as it has hundreds of thousands of user bases. it can be instant marketing when binance was announcing its new service to be added to its ecosystem but i guess polygon was the most potent competitor against BSC. Polygon has very big potential like BSC. The time will tell us. TVL on polygon was also slowly growing too.
The typical cost of a transaction on Binance Smart Chain is a few cents. Compare this with a transaction on ploygon which While the cost of transacting on Binance Smart Chain is low, the cost on Polygon is lower still, just a fraction of a cent.
Speed of Transaction times on Polygon are near instantaneous.
and Speed of Transaction times on BSC are instantaneous.
in the current crypto market, those who network will provide at a lower fees in their network people will go use it.
bsc fee is gradually increasing, because it's transaction record in a day almost same with eth network.
still most cheap network fee provided in polygon, so projects migrating in there.
polygon almost heavy rival for bsc.
Currently the Polygon network has not been able to compete with BSC even though the cost through the Polygon network looks super cheap and even the cheapest among the cheap, but to compete with BSC I don't think it will happen in the near future because currently there are still many projects that use the BSC network although some of them already migrated to Polygon.bsc fee is gradually increasing, because it's transaction record in a day almost same with eth network.
still most cheap network fee provided in polygon, so projects migrating in there.
polygon almost heavy rival for bsc.
Currently, ERC20 has begun to be reduced by many new project makers and changed to BSC where of course we also know that BSC takes time to be trusted. it just so happens that the existence of BSC is very right at the moment where ERC20 is experiencing high costs, they can come at a low cost even though there are other platforms too, but BSC is more widely used.
we are waiting for further developments with the existence of polygons, of course everything will certainly go through stages that cannot be trusted quickly. hopefully it can be another alternative that is very much awaited.
Polygons are a great project. But if asked, will it be able to compete with BSC? I don't think so, because BSC was built by Binance, and Binance is the number 1 Exchange in the world today which is also a very strong influence on the price of BSC with strong Binance branding
Both are good and working on the LAYER 2 the Polygon is still in its early stage the best point about the matic transaction fees is really low as compared to BSC but the biggest draw back of polygon is there is no proper Dex to use like in BSC it is pancakeswap and many other it means their is variety of option but in case of polygon it is only anyswap and their is no to much option to swap the token
Because of the various conveniences that exist on the Binance Smart Chain such as the creation of new tokens and the ease of doing swaps as you described, this is what makes BSC more attractive to project developers and I feel that way. Polygon networks also have convenience. That's why I say currently BSC and Polygon are both good.
Polygon doesn't have as many conveniences as Binance Smart Chain already has, because at the Swap token stage using the Polygon network it still requires conversion through another network as I've seen in Citizen Finance tokens where the token runs on two networks, namely BSC and Polygon, but if someone wants to swap, then he has to do it over the BSC network, even though the token also runs on Polygon.
Polygon has been developing very quickly lately and many cryptocurrencies are releasing their tokens on Polygon blockchain, but so far I see that BSC is gaining immense popularity and so far more cryptocurrency companies are issuing their tokens on BSC than on Polygon, but since Polygon blockchain is becoming more and more popular, it is possible that in future Polygon blockchain will be able to catch up with BSC, but of course it will take some time, and in general, maybe another blockchain may appear that will be much more popular than Polygon and BSC, so let's not think ahead, we will just wait and will watch how BSC and Polygon are developing.
How is Polygons potential in the future, can it rival with BSC?
why not ?I quite like and use Matic because of the cost as well as the fast transaction speed and that is also on BSC. Of course the diversity of the market gives us great options and the potential that Matic is showing is really impressive given that it is also one of the leading platforms of the crypto market.
looks like the development of Polygon and BSC will be better than the planning of the Cardano blockchain.
The great potential of Matic is undisputed when it has received so many positive reviews and that is the reason why the project has the current attraction, what we need to do is sit back and see what they do upcoming show.
How is Polygons potential in the future, can it rival with BSC?
Project collaboration with Binance is much higher than with Polygon, this makes the Binance blockchain much superior to Polygon. Apart from that the Binance exchange which is currently ranked 1st exchange will also increase its influence on the BSC. I think it's a bit difficult to compete with Binance in terms of adoption. However, in terms of transaction fees or gas, the Polygon network is much cheaper than BSC, so this is also a consideration for project developers.
so it's very natural when talking about adoption of course polygons are still lagging behind.
For gas, I think the difference is only a little, it doesn't need to be exaggerated and indeed until now it is indeed the most friendly on gas but this may only be a bait because considering that BSC gas was also very cheap at first and was often debated by BSC and ETH lovers, and Here, too, there will be some comparisons for that, but even so, BSC will definitely win in all respects, whether it's adoption or coin development, it's still much different.
How is Polygons potential in the future, can it rival with BSC?
Project collaboration with Binance is much higher than with Polygon, this makes the Binance blockchain much superior to Polygon. Apart from that the Binance exchange which is currently ranked 1st exchange will also increase its influence on the BSC. I think it's a bit difficult to compete with Binance in terms of adoption. However, in terms of transaction fees or gas, the Polygon network is much cheaper than BSC, so this is also a consideration for project developers.
Regarding the future I can't speculate because the future for me is hope that can't be sure. During this time Polygon and Binance Smart Chain or BSC are equally good in terms of the network and for me both becomes an alternative to many people when the Ethereum has a big gas cost problem when the transaction. I see all this time BSC is still very good from Polygon because it is very much using BSC in every project in crypto.
This is also very reasonable because currently the BSC network is easier to use by all new project developers in terms of creating new tokens and also easier in terms of swaps, even though if we calculate the cost, it is clear that Polygon has a very low cost and even far away lower than the current BSC.
BSC is one of the most popular and mature network now. But polygon network is a relatively new network. The transaction fee of both the networks is much less. However, in order to compete with BSC, Polygon Network has to be developed a lot. But what if the transaction fee of Ethereum network goes down like BSC or Polygon network?
I Think that can happen. BSC gas fee always low than others transaction network gas fee.Many cryptocurrency break Through this year.I think Polygon will be more development in future.Now Polygon and BSC not rival but it can happen in future.ETH network transaction gas fee high right now,I think it will be solve this problem. Right now BSC gas fee too low.
BSC has long occupied the top crypto market even most of the project developers nowadays are using the Binance blockchain due to its relatively low fees and Polygon also has a blockchain which is almost the same as BSC in all respects including low fees. for me personally, BSC and Pollygon are very worthy coins for future investment.
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