What if | Bitcointalksearch.org

StarKay

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Quote from: Refrumatrix on December 16, 2021, 03:43:57 AM

If BNB and Binance chain has its own standalone blockchain I'm positive that it will nailed solana matic and others to the ground, the advantage will be incredible I believe but the only thing that still makes BSC one of the best today is cheaper gas fee and the binance exchange name, what if BSC stands alone? What's your thoughts?

If Binance Smart Chain is to stand alone from the beginning, it would just be like Solana, Polygon, and others because it won't carry the name Binance on it.
Binance exchange is a successful and popular brand so most projects associated with it has access to it's vast resources and reach but if BSC were to stand alone today, it will do just fine while the price of BNB will have to dip.

V-t.Ester

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Maybe I don’t understand you correctly, but Binance and BSC are working their own blockchain. Indeed, BSC is a hard fork of the Go Ethereum (Geth) protocol. That’s why BSC and Ethereum Mainnet have a lot of similarities. But BSC developers changed Geth protocol significantly and made another mechanism with cheaper and faster transactions. You can read more about this on Binance.com if you are interested (https://academy.binance.com/en/articles/binance-smart-chain-vs-ethereum-what-s-the-difference). Everything was made very clever and provides cross-chain interoperability.

Samurai trieng

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Quote from: Williamm07 on December 17, 2021, 11:59:36 AM

BSC don't need to move to a stand alone blockchain because there is no reason to, in fact running on ETH address is very much ok and people don't need to learn anything new about BSC chain to use the network, I believe it's perfect the way it is

the binance network has grown and developed very well, this can be proven by the achievements that have been achieved so far, namely being able to rank 3 CMC, it would be a shame if BSC moved to another blockchain, because currently binance can stand alone where so many projects have used the binance network, so they can go further in the crypto market.

Tytanowy Janusz

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BSC alone can’t handle such big transactions without a help of BNB and seriously

BNB chain and BSC chain are separate chains and does not depends on each other. What you mean by BSC can't handle traffic without BNB?

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I think SOL are still better since you can see a lot of fake projects and scam projects on BSC, they are crowded by that useless tokens

Same would be on SOL if anyone would use it (there is quite low traffic now). There is nothing like "scam filter" on SOL. Anyone can launch there so as on BSC. So the fact that there are many scam projects only proves that BSC is very active chain with lots of investors with lots of money that attract scammers to launch there.

blockman

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Quote from: Refrumatrix on December 16, 2021, 03:43:57 AM

If BNB and Binance chain has its own standalone blockchain I'm positive that it will nailed solana matic and others to the ground, the advantage will be incredible I believe but the only thing that still makes BSC one of the best today is cheaper gas fee and the binance exchange name, what if BSC stands alone? What's your thoughts?

Well, while most of you are thinking about who's the best blockchain amongst the mentioned projects. Here I am just watching all of them on who's going to stand out.
And we will always see year by year who's going to stand out. But as of the moment, the favor is on BNB as it's the top of them all and who knows if SOL and the others would overtake it soon.

Ulven

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In addition to the benefit of low transaction fees, the BSC ecosystem is much more secure, which could have benefited from the community after all.!!!
As BSC grows in the future, the team has a whole strategy planned for things ranging from a decentralized exchange to a self-creating business model for an easier and more secure login process.!!!
This does not mean that creating a smart contract on the BSC network or other platform is the best option, but rather it depends on how good the team is in moving towards the goal.

Rahman11

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Gas fees on Binance are a fraction of those on Ethereum and BSC's transaction speeds are much faster, having a speed improvement over Ethereum of roughly 4.3 times. ... The Binance Smart Chain is heavily centralised. It only has 21 validators, or miners, whereas the Ethereum network has over 11,000 validators.

Williamm07

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BSC don't need to move to a stand alone blockchain because there is no reason to, in fact running on ETH address is very much ok and people don't need to learn anything new about BSC chain to use the network, I believe it's perfect the way it is

Anonylz

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Quote from: Refrumatrix on December 16, 2021, 03:43:57 AM

If BNB and Binance chain has its own standalone blockchain I'm positive that it will nailed solana matic and others to the ground, the advantage will be incredible I believe but the only thing that still makes BSC one of the best today is cheaper gas fee and the binance exchange name, what if BSC stands alone? What's your thoughts?

That's very possible, judging by what bnb and binance has achieved even as a centralized network, they would have really made a good stand alone blockchain if that was the case, perhaps this is something cz should consider and give the rest blockchains a run for their money.

makishart

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Quote from: Refrumatrix on December 16, 2021, 03:43:57 AM

what if BSC stands alone? What's your thoughts?

So what's your point? your statement was totally clueless. BSC was a product that developed by binance and why does BSC need to be stand alone? Your statement was totally a non sense thing right now. Binance foundation already stand alone and It doesn't even need to make its product become stand alone like the foundation. Do you know what mean of product? if you know that and then try to understand it correctly.
I just saying based on what i have seen based on your statement.

danherbias07

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It was how it was done at the right time. Transactions are in heavy traffic using Ethereum at that time and then the fees are going higher every day.
We need an option and they created it although it was the exact same copy of Ethereum. It's not even a competition because no one can provide the same thing rather than BSC.
One more point is that we don't need to learn anything else. It was the same thing as how it is done with Ethereum with just a different chain. I guess that's what made it more popular.

Ararbermas

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Quote from: Refrumatrix on December 16, 2021, 03:43:57 AM

If BNB and Binance chain has its own standalone blockchain I'm positive that it will nailed solana matic and others to the ground, the advantage will be incredible I believe but the only thing that still makes BSC one of the best today is cheaper gas fee and the binance exchange name, what if BSC stands alone? What's your thoughts?

probably the rank itself in the market is enough evidence about what you're saying mate. Because indeed binance network become so useful nowadays since the time as well that ethereum network shows a very expensive fees and everyone see it not fair until now especially those who used to make transactions using the network...so i wouldn't be surprised if no one can flip binance for long time from the place where it is now.

apur688

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I think BSC can stand alone but it will run with binance in all actions of course, it can be aparted.
Bsc is one of tokens, wjth its blockchain that has a chep gas fees, fast transaction, etc. I think stand alone or not BSC always become favorite for everyone.

BNB with the best platform for now, it can make bsc better if they are running together.

So, stand alone is not the best decision for BSC

oemar bakrie

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indeed the heyday for binance, which provides convenience for low-cost transactions, if it can stand alone, it will certainly be successful and must be more consistent in providing low-cost exchange services..and if it is not maintained, I'm sure.all will find another way to exchange.

redwine49

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i will say the opposite. many people already know how to use BNB smart contract because they already know from ETH before.
So the team doesn't need to introduce and guide people bout how to use their own version of smart contract.

CryptoWebDirectory

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BSC became quite popular earlier this year when Ethereum gas fees were sky high. I've actually noticed that now BSC gas fees can even be high. I don't think as a standalone blockchain they would have much trouble surpassing Matic, Solana..etc, but they can't get away from BNB. I pretty much think Tytanowy Janusz nailed it. BSC was launched at a perfect time (gas fees on Ethereum then were waaaay too high) and people being able to write tokens for it without coding was so simple it was easy for everyone to make the switch. They don't even need a standalone blockchain to continue their growth, they just need to keep improving what they're doing now.

Tytanowy Janusz

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Quote from: Refrumatrix on December 16, 2021, 03:43:57 AM

I believe but the only thing that still makes BSC one of the best today is cheaper gas fee and the binance exchange name

Low fees and binance in name are not the only things that make BSC blockchain with the biggest traffic (10x ETH daily TX). It was the fact that BSC was created in best moment, right when it was needed, during DEFI bubble and explosion of ETH gas fees, when people needed cheaper/faster ETH, they get cheaper/faster ETH in the most clever way. In a way that BSC is 100% compatible with ETH. Devs can move their projects from ETH to BSC without coding. People can trade using BSC without dowloading new wallets. Everyone could move from ETH to BSC painless. And that was the secret of BSC - using infrastructure that ETH was bulding for years.

Quote from: Refrumatrix on December 16, 2021, 03:43:57 AM

what if BSC stands alone? What's your thoughts?

BSC officially cut off binance? BSC is using BNB as native token so its rather impossible without lauching new token and new token will destroy half of BNB's value so its not going to happen.

raidarksword

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I like BSC for the fact that it offers cheap other than to its competitor like Ethereum perhaps and most projects today switched to BSC blockchain because of transaction fees which was a very good move in my opinion. A very convenient which made BSC boom so fast in the market and sometimes there are some congested in the network but its still manageable though.

Refrumatrix

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If BNB and Binance chain has its own standalone blockchain I'm positive that it will nailed solana matic and others to the ground, the advantage will be incredible I believe but the only thing that still makes BSC one of the best today is cheaper gas fee and the binance exchange name, what if BSC stands alone? What's your thoughts?

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