Polygon vs BSC - page 6. | Bitcointalksearch.org

Tipstar

sr. member

Activity: 1848

Merit: 298

Buzz App - Spin wheel, farm rewards

Quote from: errorcode99 on September 16, 2021, 02:34:50 PM

How is Polygons potential in the future, can it rival with BSC?

Polygon has the lowest transaction fees. That's a huge advantage in DEFIs and DAPPs. BSC transaction are nearing $1 while Polygon transaction are around 1 cents.
BSC on the other hand has a support of largest centralized exchange and it has many popular and high volume projects like Pancakeswap. Though polygon is rising quicker, there are no prominent and large volume defis for Polygon like Pancakeswap. But with similar working, it's likely to get some good projects sooner. I believe the lower fees of Polygon is going to make it better than BSC chain.

Jose Mourinho

sr. member

Activity: 585

Merit: 250

PredX - AI-Powered Prediction Market

In my opinion polygon and binance are the best networks at the moment, because they have low transaction values and are very fast, although Polygon is a new network but it can be a solution to the high cost of ETH gas so far, but for now the popularity of binance is still superior to polygon because has a very broad smart contract, but if Polygon can maintain its consistency, it is not impossible that Polygon can match Binance's achievements.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

I can't compare Polygon and BSC, they have the same ecosystem to continue to develop, but what I do know is that BSC is the top caste, which until now still has much better development than Polygon, but in terms of price it's still too early to compare. , but we take a look at every where my project is running successfully, whether the Polygon network or the BSC.

On the other hand, there are still many ecosystems like this that continue to show extraordinary development, so in the future more will be developed regarding their respective goals.

Mkmanik

hero member

Activity: 986

Merit: 516

Quote from: GatotKaca on September 25, 2021, 01:12:10 AM

Polygon and BSC I think are both good. but maybe its adoption in some bigger projects and exchanges BSC.
looks like the development of Polygon and BSC will be better than the planning of the Cardano blockchain.

Polygon and BSC both networks are proven a good blockchain. Most of the people already started to use it and they find it good. I also used both of them and I am very happy with both of them. Low transaction fees and high transaction speed attracted most people. Both of the projects have very strong developer team and fundamentally both of project is very strong. Cardano is a very old and strong project also. Now there is a hype ongoing and the price also pumped a lot. Hope the Cardano blockchain also does good for the crypto industries.

GatotKaca

sr. member

Activity: 1372

Merit: 250

Seabet.io | Crypto-Casino

Quote from: SyndicateLabs on September 25, 2021, 01:08:26 AM

Quote from: errorcode99 on September 16, 2021, 02:34:50 PM

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.

Polygon and BSC I think are both good. but maybe its adoption in some bigger projects and exchanges BSC.
looks like the development of Polygon and BSC will be better than the planning of the Cardano blockchain.

SyndicateLabs

full member

Activity: 896

Merit: 100

PredX - AI-Powered Prediction Market

Quote from: errorcode99 on September 16, 2021, 02:34:50 PM

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.

jack wira

member

Activity: 490

Merit: 14

In terms of competition between POLYGON vs BSC.
I think BSC is more dominant, bro. This is because BSC has a very wide community and popularity in today's crypto market.
In fact, we can see so many big projects that use the platform from BSC.
So I believe that polygons can't pass through bsc yet.

bussybuddy

full member

Activity: 1190

Merit: 105

PredX - AI-Powered Prediction Market

Quote from: errorcode99 on September 16, 2021, 02:34:50 PM

How is Polygons potential in the future, can it rival with BSC?

I think both are dealing very well, but the problem is in the market. And both Matic and BNB have given a lot of return on their investment before, but in reality BNB is still slightly better than Matic because their ecosystem is showing superiority.

uneps

full member

Activity: 448

Merit: 100

Quote from: kurniawan05 on September 22, 2021, 06:41:48 PM

I have never used a polygon network, but I often use the BSC network, I think for now the BSC network is commonly used by all, low fees and fast transaction processing are an alternative choice to ETH. Polygon is a new project, they have to prove if their network is better than BSC or there is a unique advantage of polygon network from BSC to beat BSC and it takes a long time.

I think for now Bsc is still superior to polygons. But not always the advantage of Bsc can last. Considering a lot of scam coins that use the bsc network. Polygons are still a new network. Judging from its development, there is a possibility that polygons will develop and become popular in the future.

ene1980

hero member

Activity: 2002

Merit: 535

Quote from: errorcode99 on September 16, 2021, 02:34:50 PM

How is Polygons potential in the future, can it rival with BSC?

Many projects that are created on top of ETH are using Polygon to overcome the huge transaction fees in ETH and it is not a direct rival to BSC as Polygon is a second layer solution. There is too much competition in the market right now with the increase in fees for ETH and BSC is taking this opportunity to expand their network.

As long as there is a big delay in sorting the transaction fees of ETH, projects like Polygon will have their importance and so does other network.

imstillthebest

full member

Activity: 1638

Merit: 122

there is a potential in polygon because like bsc its also solves crypto world problems such as high fees in the transactions but for me i think that bsc is more user friendly because its easy to setup in any supported wallet and there are wallets that are already configured with the bsc network and is ready to use with bsc .
polygon may require additional steps to convert your coins on to its network . oh well i guess thats because bsc is older than ploygon .

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: errorcode99 on September 16, 2021, 02:34:50 PM

How is Polygons potential in the future, can it rival with BSC?

Personally I consider both of these networks to be very efficient and convenient. There are small transaction fees on both of these nets, so I use both of them. Actually, I think that Polygon is quite promising, moreover it is active in terms of NFT. There are many NFT-platforms on it, so while hype of NFTs continues, Polygon will be also very popular. Trading volume on Polygon sometimes even overtake Ethereum’s and Binance Smart Chain’s.

leea-1334

hero member

Activity: 2296

Merit: 953

Temporary forum vacation

Quote from: nemey on September 23, 2021, 09:09:15 AM

I think BSC remains the best because BSC can achieve a block processing time of 3 seconds by using something called Proof of Staked Authority (PoSA), where participants stake BNB to become validators. 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"
While Polygon currently only supports Ethereum bases, the network intends to expand support for additional bases, based on community suggestions and consensus. This will make Polygon an interoperable decentralized Layer 2 blockchain platform.

Are you guys not tired of talking about fast confirmations when all of these fast block speeds just means less security? 1 block confirmation for Bitcoin means many more blocks confirmation for other chains,,, or does BSC chain also only take 1 confirmation to mean something final?

Also, you do not call a coin deflationary simply because it regularly burns coins. BNB was never mined, just all premined. Remember that

Mkmanik

hero member

Activity: 986

Merit: 516

Quote from: errorcode99 on September 16, 2021, 02:34:50 PM

How is Polygons potential in the future, can it rival with BSC?

Polygon is very potential for the future there is no doubt, also BSC is very potential. why you are comparing both of them?
Both of them solving huge problems now. Most of the time I like to use the BSC network and polygon network because of the fees. The fees are very low and transaction speed is very fast. If you want to hold polygon, Then just go for it and come back after a few years. You will be rewarded, Also don't forget to buy a few BNB. I am a fan of both of projects and trying to accumulate both coins as a long-term investment.

FinneysTrueVision

sr. member

Activity: 1680

Merit: 379

Top Crypto Casino

They can both co-exist. There are many projects who build on both blockchains and they also share some of their user base. Binance Smart Chain is a little bit older and has more financial backing so it has a bigger ecosystem currently. Polygon is not far behind though because they are relying a lot on Ethereum's network effects to gain attention. Many of ETH's top dapps are available on Polygon.

marine4u

full member

Activity: 673

Merit: 105

Quote

Polygon can be a competitor for BSC but needs more time since it is a new project and needs to reach its plan one by one.

Yes, I think the time is coming when Eth upgrades sharding, it is time to prove the direction and activism of Polygon will confirm its position or not. But with ZKrollup it seems like a good direction to move the polygon to avoid dependence on Eth. On the other hand, Polygon is still the top coin with a layer 2 scale dependent on ETH at the very beginning. But BSC is also heavily dependent on price of BNB. While Binance has become increasingly unfriendly towards the crypto space, having refused to grant futures contract rights to Australia, it appears they have serious problems to deal with. Both have their own problems at this point. But I think BSC still has the potential to grow bigger because it's still layer 1

fileo

member

Activity: 658

Merit: 10

Rangers Protocol

I also believe that Polygon is potential to compete Binance but we know everything should have enough courage to finance the wide and big plans to compete in Binance. Polygon is potential but need more achievements to on day become like Binance. Maybe we can see it someday if Polygon will become on the top 5.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: errorcode99 on September 16, 2021, 02:34:50 PM

How is Polygons potential in the future, can it rival with BSC?

Polygon can be a competitor for BSC but needs more time since it is a new project and needs to reach its plan one by one. Time will tell if Polygon can be bigger in the future and that will depend on how hard the team can work for the project. I see Polygon have a chance to grow in the future but it will not be easy to compete with BSC as they get support from Binance. It will need more to lift the price or position at the market to see how Polygon will survive at the market.

Harriett

newbie

Activity: 29

Merit: 3

Hard to say,
BSC has a centralized exchange and strong traffic support, so it is difficult for ordinary platforms to compete with it, but it is hard to say in the future.BSC is not completely decentralized. It does not match the future development.

Jaered

jr. member

Activity: 840

Merit: 4

Polygon has the ability and capability to beat Binance Smart Chain in the future. But the issue is that Binance Smart Chain has a strong team and backed by CZ's billions it can swing a lot in its favor

Topic: Polygon vs BSC - page 6. (Read 943 times)