Topic: referred token - page 2. (Read 821 times)
Both Blockchains are special in their own way but I prefer BNB because of cheap gas fees paid for transactions on the wallet
So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Firstly, i always focus on good and potential token. If it is available on erc20 network only, then I'll obviously go for it. No matter what is the gas fee is. I always give priority to potential token. But if i have option, then i use the network of that token, where it need low fee to transaction. And secondly, eth is most popular and old blockchain within any dount and problems. Thats why People use it even by giving more fee. Cause they know, using eth will always give them benefits Erc has higher fees and its slower but still remains the favorite
It depends on your purpose how/why you want to use those. Cause both of Erc20 and bep20 both are high by quality. But erc network is most Secure, so most of people keep using it. And due to high traffic on erc network, it takes time to done transactions and charge more fees. Besides bsc Network also in demand but not as much as erc. That's why bsc Network fee is less. But both are good for use
Very expensive if you want low fees for transactions then you should choice bsc network must be now. However erc20 users was huge when It's was gas price low but right now you can see every new project choice on bsc network. Both are good network in the crypto but right now only bsc properly best for transactions system.
ERC of Ethereum was better back then before the gas fees is just little but sadly gas fees on ETH are outrageous that's why I preferred now the BEP20 tokens because of the gas fees that are cheap. There are good projects as well on BSC and some projects switching to it because of the convenience and fast speed network offered by BSC network.
It depends on your purpose how/why you want to use those. Cause both of Erc20 and bep20 both are high by quality. But erc network is most Secure, so most of people keep using it. And due to high traffic on erc network, it takes time to done transactions and charge more fees. Besides bsc Network also in demand but not as much as erc. That's why bsc Network fee is less. But both are good for use
So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Erc has higher fees and its slower but still remains the favorite
Or WX
http://HTTPS://PEPEWX.TECH New tokensale
ERC20 remains popular because ERC20 was the first smart contract before BEP20, so naturally ERC20 is more popular than BEP20 and I think both are very good, then in my opinion it's not ERC20 or BEP20 that determines if the token is good or not, but the projects you want to invest, because if the project is really good, then it will definitely bring you profit, but my advice is if the project is on the ERC20 and BEP20 network, then you better buy it on BEP20, because the gas fees from BEP20 are much cheaper than ERC20.
I am a little investor so i want a good project and i Won't follow us for gas fees. I think for low gas fees prepare bep20 network but for a bigger invest they Won't follow us. Erc20 network fees lot of now because there price up lot of so though you can avoid erc20 network right now.
The comparison is absurd. There are no really major and significant differences between BEP-20 and ERC-20. In fact, the preferences should be based on the actual blockchain, instead of the standardization that governs the token. You should have known that the BEP-20 is based on ERC-20, so generally there is no upper hand between the both of them.
Between Bep20 & Erc20, i'll always give first priority to Erc20 as it is more updated and safer than bep20.
No, it is not. The standardization pretty much applies across many chains. Also, nope, it is not safer than the other.The Proof of Work consensus system used by Ethereum has been tested for years and has high security.
Purely ignorant. The consensus changes information is widely informed, anyone who regularly follows cryptocurrency news knows it has already been changed. How could you compare both of the standards while ignoring the basic fact of the underlying system? That is ridiculous.
The choice between BEP20 and ERC20 tokens depends on several factors. ERC20 tokens are based on the Ethereum blockchain, which has a well-established ecosystem and a wide range of supporting tools and wallets. BEP20 tokens, on the other hand, are associated with the Binance Smart Chain (BSC), which offers lower transaction fees and faster confirmation times.
If you prioritize compatibility with existing Ethereum infrastructure, ERC20 tokens may be the preferred choice. However, if you value lower fees and faster transactions, BEP20 tokens on the Binance Smart Chain could be more suitable. Ultimately, the decision should align with your project's requirements and the specific needs of your target audience.
If you prioritize compatibility with existing Ethereum infrastructure, ERC20 tokens may be the preferred choice. However, if you value lower fees and faster transactions, BEP20 tokens on the Binance Smart Chain could be more suitable. Ultimately, the decision should align with your project's requirements and the specific needs of your target audience.
My overall opinion is that for low transaction fees bep20 network and high gas fees for erc20 network. You may have idea before time like 2017 year where king was eth network. They have before low transactions fees with very fast transfer system. After that when the eth price going to up then the price of gas erc20 very high.
blockchain always faces such scalability issues, the other hasn't yet face that problem because they aren't nearly as big as ethereum.I just think that ethereum is still good, it just sometimes fee is simply ridiculous and it seems that problem not gonna gets solved right now.
I agree with you because ERC-20 tokens have a little high transaction fees but still considered the best network but BSC-20 network fees are very low so maximum scam tokens are launched on the BSC-20 network. So before investing in any token of BSC-20 network everyone should recharge well about that project but according to me if you are interested in giving your com free then definitely BSC Network is Best Choice.
My overall opinion is that for low transaction fees bep20 network and high gas fees for erc20 network. You may have idea before time like 2017 year where king was eth network. They have before low transactions fees with very fast transfer system. After that when the eth price going to up then the price of gas erc20 very high.
So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Or WX Erc has higher fees and its slower but still remains the favorite
http://HTTPS://PEPEWX.TECH New tokensale
I will always choose bro 20 token because of its very cheap transaction fees. Although, ERC 20 enjoys better and stronger security. And high transaction fees makes it difficult or not too easy for scam projects team to choose ERC-20 fo use it for their projects.
Between Bep20 & Erc20, i'll always give first priority to Erc20 as it is more updated and safer than bep20. Only one issue that erc20 has, is high gas fee problem. But high has fee means more people are using erc20, that causes eth network busy and asking high fee for transactions. Well now most of altcoins has Bep20 & Erc20 both version. If so, then i will opt out bep20 for low fee. If not, then i have to choice erc20. That's it
Agreed, the fees becoms the main consideration in picking the token here. The ethereum fees sometime is not even making sense. I will also prefer to pick bep 20 rather than erc 20,The fees was creting very big different between both of tokens. People these days prefer to take low fees token rather than gradully paid non sense fees in ethereum network. bep is a winner here.
Between Bep20 & Erc20, i'll always give first priority to Erc20 as it is more updated and safer than bep20. Only one issue that erc20 has, is high gas fee problem. But high has fee means more people are using erc20, that causes eth network busy and asking high fee for transactions. Well now most of altcoins has Bep20 & Erc20 both version. If so, then i will opt out bep20 for low fee. If not, then i have to choice erc20. That's it
So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Asking which is better between BEP20 and ERC20 is just like you asking which is better or preferred between Bitcoin and Ethereum when we know Bitcoin is the reason why we have cryptocurrency through it is every other cryptocurrency is introduced into the market. Erc has higher fees and its slower but still remains the favorite
Ethereum introduced the dApps while others emulate the ETH concept to create their own dApps.
Ethereum (with ERC20 standard) is known for it's innovation for smart contracts, security and the Decentralized Finance (DeFi). The onset of DeFi led to the explosion of Ethereum (as many contracts were being deployed on Ethereum platform). However, many contracts on the Ethereum platform consequently resulted in traffic congestion on the Ethereum network, resulting in high gas fees. Binance, on the other hand, later came up with its own smart contract alternative, known as Binance Smart Chain (BSC) with BEP20 standard. People rapidly embraced BSC network due to its low gas fees and fast transactions when compared to Ethereum. While Ethereum is known for its robust smart contract, security and popularity in DeFi, BSC is know for its low gas fees and faster transactions. So, IMO, the two tokens play unique roles and depends on what you are looking for. However, Ethereum network gas fees is lower when compared to previous times due to its transition from Proof-of-work to Proof-of-stake.
it's basically the same thing even the dapps that existed in both blockchain are usually have similar interface but I guess
if someone is looking for cheaper alternative then most certainly bnb will be much of use, after all it's significantly cheaper and faster.
if someone is looking for cheaper alternative then most certainly bnb will be much of use, after all it's significantly cheaper and faster.
After the price of Ethereum went above $1000 that's where the disaster for users came,
That's normal whenever a price pump comes, expect that even those unpopular chains will also get an increase in fee if they don't scale up and when their demand increases.10 gwei or so, and it's become abnormal after it went that high and even if scalability increased, it's still the same problem until today.
even the release of second layer solution didn't do much either, I guess we still have long way to go until this problems gets resolved honestly.
at the meantime, just use the second layer and we're set, though doesn't mean every token is available in these 2nd layer.
I've previously mentioned something about BRC-20 tokens being inferior than ERC-20 tokens, and turns out, I was right. You can't just make a complex token with the BRC-20 standard than either the ERC-20 or BEP-20 token standards. Besides, ERC-20 is a little outdated. The new ERC-1155 multi-token standard is a much better choice. We may start seeing an equivalent version on BSC soon. Who knows if these two giants (BSC and ETH) will completely change the "De-Fi" landscape in the future? Just my thoughts 
It's true that the future of the "De-Fi" landscape is uncertain, and while you might believe that there will be significant changes, it's important to recognize that it remains to be seen what the strengths and weaknesses of each are. network will ultimately affect their position. The dynamic nature of the cryptocurrency ecosystem leaves room for unexpected developments and shifts in market dominance.
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