referred token - page 3. | Bitcointalksearch.org

Abiky

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Quote from: jostorres on June 14, 2023, 06:29:41 AM

It all started with ERC20. This was the first type of token who are in demand but by the time the ETH fee rises, coin devs have came up with a solution and they started to create tokens from other networks. There is also TRC20. I'm not only sure if it came first before BEP20 but right now I think most of the coins are still on BEP20 but coins under TRC20 are also cheap.

The most popular product of it would be the Tether. I always use it more than the ETH version. There is also BUSD from Binance but Tether from TRC20 is much popular. It is accepted on most crypto sites that I visit and also on crypto wallets that I am using. Overall, It's not about the network but it's about how the token is created. There are lots of failed ERC20 tokens before in case you don't know. It happened in the ICO era.

Technically speaking, there is no difference between Binance's BEP-20 and Ethereum's ERC-20 token standards. It's just that BRC-20 token transfers are cheaper and faster because BSC (Binance Smart Chain) has greater transaction capacity than Ethereum (ETH). But that doesn't mean it will stay like that forever. If BSC becomes heavily-congested, then fees will be the same (or even higher) than ETH. I think most people will choose ERC-20 tokens because of their first-mover advantage on the market. These tokens can be used nearly anywhere, unlike Binance's counterpart.

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 Besides, ERC-20 is a little outdated.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 Grin

@sriyan

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Quote from: btctalk-memeboss on June 09, 2023, 01:08:58 PM

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
http://HTTPS://PEPEWX.TECH New tokensale

We can not say which one is better than the other one. Because everyone has their own unique features. But If you want to compare the above two, you can use the below points.

1. Gas fee
2. Transaction speed
3. Decentralization of the network
4. User Adoption
5. Amount of liquidity

Victorik

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Quote from: btctalk-memeboss on June 09, 2023, 01:08:58 PM

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
http://HTTPS://PEPEWX.TECH New tokensale

Both BEP- 20 and ERC- 20 are great networks and this explains why they are very popular for developers.
However, they both have their merits and demerits. For instance, in terms of transaction fee and speed, one would prefer BEP- 20 over the ERC-20.

Farma

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both have good systems to date. there are still quite a lot of new altcoins developing their projects using these two chains. It's just that, ERC20 still has drawbacks, namely the fee is quite large compared to BEP20. however, I think this can still be overcome by waiting for the gas fee to come down.
the ERC20 and BEP20 systems are currently still at the top, it's just that if we discuss tokens that use one system or both, then the advantages and disadvantages of these tokens can be seen in the benefits of tokens being developed, and it will have different results depending on the team that developed the token.

JeffBrad12

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Quote from: blockman on June 21, 2023, 01:49:55 PM

Quote from: monineklutak on June 21, 2023, 12:32:46 PM

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.

I honestly think it's more of a problem with the fact that ethereum price just simply gets too high, current gwei required for ethereum was normal back in the days, it's just around
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.

blockman

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Quote from: Jocuserious on June 21, 2023, 01:05:18 PM

It will depends on our investment demanding because there are some project follow erc20 network. But if you want ask me for low transactions fees network then you should taken bsc network.

Binance chain no doubt has a cheaper fee than the Ethereum chain (ERC20).

Quote from: Jocuserious on June 21, 2023, 01:05:18 PM

However at this real time where people choice bsc network for reduce gas fees and upcoming many project follow them.

If you are for the variety of projects, both seem to be equal for now or it is ERC20 that has more than the BSC. Either will do if you're just there to trade and gain some short-term profits. Sounds easy but it's actually not.

Quote from: monineklutak on June 21, 2023, 12:32:46 PM

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.

Jocuserious

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It will depends on our investment demanding because there are some project follow erc20 network. But if you want ask me for low transactions fees network then you should taken bsc network. However at this real time where people choice bsc network for reduce gas fees and upcoming many project follow them.

petulino

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Quote from: btctalk-memeboss on June 09, 2023, 01:08:58 PM

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

I think both networks are very good, but BEP-20 is mostly used Due to low fee. For long term investment I always use Erc-20 whenever I send a token to my wallet, because ERC-20 has high fees but is the best network in terms of security. I often use the BEP-20 network where I have to sell my assets quickly. I think people have more trust in the ERC-20 network, because Ethereum token is the second top currency of crypto market and ERC-20 is its network.

Those who are big traders or investors always use ERC-20 network, although it is expensive compared to BEP-20.The reason I see is that people think their assets are more secure on the ERC-20 network. I trust ERC-20 more than the BEP-20 network itself, because I feel less risk of losing my assets here.

monineklutak

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Quote from: barhavsky on June 14, 2023, 04:36:15 PM

to be honest both are very good, because there are lots of profitable token on ERC20 and BEP20 to invest, but right now I only buy token on BEP20, because in my opinion the gas fees from ERC20 are very expensive compared to BEP20, so that's what makes me not too interested to buying token on ERC20, therefore I hope ERC20 can fix the gas fees to be cheaper, so that I can also buy token on ERC20.

After the price of Ethereum went above $1000 that's where the disaster for users came,
yes Team Dev from Ethereum didn't make gas fees much cheaper instead it became expensive, even though Ethereum 2.0 has also been launched,
of course tokens from BSC and Dapps from the BSC Ecosystem are now flying, for example memecoin which is mostly made on BSC network.

devil-soul

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Personally i prefer erc-20 tokens which are much more than bep-20 and have been around for much longer, perhaps it's just a matter of habit, the only advantage of hep-20 is the low transfer fees

Amejoaquim

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Right now BEP is my favourite one.
The reason why i choose BSC because i mostly using Binance as my trading platform.
So, i choose BSC when i want to transfer my token/coin into the another wallet.
If we are talking about the fee, BSC is still far more cheapest than ERC20.

barhavsky

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to be honest both are very good, because there are lots of profitable token on ERC20 and BEP20 to invest, but right now I only buy token on BEP20, because in my opinion the gas fees from ERC20 are very expensive compared to BEP20, so that's what makes me not too interested to buying token on ERC20, therefore I hope ERC20 can fix the gas fees to be cheaper, so that I can also buy token on ERC20.

Teraboy

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Quote from: icalical on June 13, 2023, 06:31:20 PM

For me definitely BEP-20, but I don't know with people some people still have trust issues with Binance. My preference is mainly from the gas fee, ERC-20 token fee not so friendly.

gas fee so low thats so true with binance smart chain but most of the project in that chain also low quality.
usually it's only good for transferring stablecoin and thats it nothing more.
i'd assume ethereum despite having high fee would be more beneficial for investment.

Xal0lex

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Quote from: btctalk-memeboss on June 09, 2023, 01:08:58 PM

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
http://HTTPS://PEPEWX.TECH New tokensale

Definitely ERC-20 tokens. Although in both cases the commission will be high due to scalability issues of these blockchains, but ERC-20 has the advantage of a much wider distribution and developed infrastructure for these tokens. BRC-20 tokens will be a gimmick for a long time to come and it will take some time until the crypto industry creates an infrastructure around them, if of course this token format survives at all in the future.

judaspriest

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Quote from: icalical on June 13, 2023, 06:31:20 PM

For me definitely BEP-20, but I don't know with people some people still have trust issues with Binance. My preference is mainly from the gas fee, ERC-20 token fee not so friendly.

I'm sure there are more Binance Smart Chain users here than the Ethereum Network,
because the BSC network is really fast and cheap, so Dapps are also being built more and more on BSC,
even though Binance is having problems with SEC I'm sure the BSC network won't be affected.

jostorres

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Quote from: speeder on June 11, 2023, 10:16:53 AM

Both ERC20 and BEP20 networks are in demand. However, in terms of use, it has been seen that people are using the BEP20 network a little more than the erc20 network. Because BEP20 network cost is comparatively less than erc20 network. So everyone prefers BEP20 in usage. Although the two networks are almost the same, the two have different characteristics. In some cases BEP20 tokens are not valued as much. Transactions on the erc20 network also have lower costs at times. After that I would choose the BEP20 network for use

It all started with ERC20. This was the first type of token who are in demand but by the time the ETH fee rises, coin devs have came up with a solution and they started to create tokens from other networks. There is also TRC20. I'm not only sure if it came first before BEP20 but right now I think most of the coins are still on BEP20 but coins under TRC20 are also cheap.

The most popular product of it would be the Tether. I always use it more than the ETH version. There is also BUSD from Binance but Tether from TRC20 is much popular. It is accepted on most crypto sites that I visit and also on crypto wallets that I am using. Overall, It's not about the network but it's about how the token is created. There are lots of failed ERC20 tokens before in case you don't know. It happened in the ICO era.

podluznyj

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Quote from: btctalk-memeboss on June 09, 2023, 01:08:58 PM

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
http://HTTPS://PEPEWX.TECH New tokensale

The main purpose of the token template is to specify the parameters, called functions in the blockchain world, that are used by smart contracts, portfolios and markets when interacting with the token. Both ERC20 and BEP20 include six roles that can be specified for a token. Only now BEP20 has 4 additional. functions in this sense can be described as more detailed. But the ERC20 network is more reliable, so I trust it.

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Quote from: riskarcher on June 13, 2023, 06:33:48 PM

BEP20 and ERC20 both of them is good and still have development for all crypto user, but they have capacity for each system BEP20 low gas fee compared with ERC20 High gas fee but have potential project than BEP20, ERC20 will be updated to ETH 2.0 with low gas fee which is if that happen BEP20 will be lose because the project under ERC20 have good perform than BEP20

I still don't really believe the ETH 2.0 will solve the problem of gas fee.
we all here are eager to see ethereum getting its gasses lowered but many attempts to mitigate such problems always ended up failure, even the emergence of second layer does absolutely nothing.

riskarcher

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BEP20 and ERC20 both of them is good and still have development for all crypto user, but they have capacity for each system BEP20 low gas fee compared with ERC20 High gas fee but have potential project than BEP20, ERC20 will be updated to ETH 2.0 with low gas fee which is if that happen BEP20 will be lose because the project under ERC20 have good perform than BEP20

icalical

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For me definitely BEP-20, but I don't know with people some people still have trust issues with Binance. My preference is mainly from the gas fee, ERC-20 token fee not so friendly.

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