Which blockchain is the best for practical usage in life: ETH/BSC/Cronos/next4?

mirek92

jr. member

Activity: 50

Merit: 20

Quote

I don't plan on creating a token so I wouldn't pick any project on your list. There are more chains that claims to be scalable and cheap until they're hit by network congestion. Vitalik also used to say the same thing with his beloved Ethereum but we now know how it turned out.

Which more chains do you mean?

funteki

newbie

Activity: 70

Merit: 0

Quote from: mirek92 on May 29, 2022, 11:45:13 AM

Hello, I would like which blockchain is in your opinion the best for usage in real life?

ETH/BSC/Cronos/Polygon/Kucoin/Avalanche/Fantom
https://ibb.co/WnhSgjR

Ethereum has unacceptable fees for most of people,BNB smart chain has bellow 1 usd.
Other five blockchain has trasnaction fees less than 0,1 usd.
Which of them would you choose to create token for real usage?
Thank you

yeah, only one problem in ETH is horrible fees, but as for me its still the best one

Jaered

jr. member

Activity: 840

Merit: 4

Out of that lot, i would go with binance smart chain.Why? It has a huge community backing,it has been the pet child of one of the biggest KOLs in crypto in Chengpeng Zhou,it is quite scalable and of course,it is cheap and has quite a fast transasction time.Ethereum cant compare in transaction fees

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: mirek92 on May 29, 2022, 11:45:13 AM

.... Which of them would you choose to create token for real usage?

I don't plan on creating a token so I wouldn't pick any project on your list. There are more chains that claims to be scalable and cheap until they're hit by network congestion. Vitalik also used to say the same thing with his beloved Ethereum but we now know how it turned out.

shinratensei_

legendary

Activity: 3234

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

So what kind of blockchain for our real life? i meant just look at the fact that if blockchain was helping people to send and receive their money. that's quite different from the actual usage like the goods in our real life. Blockchain is only beneficial for sending money. I see no actual use for the blockchain in our real life. The main thing is if the scalability is the most important thing in this case.
Blockchain needs to have fast transaction to make it happen

jossiel

hero member

Activity: 2842

Merit: 625

It will remain as ETHs.

Even the fee right now for the ethereum network is quite high, nothing beats it as a choice for most of the tokens. But what's good right now is that if a new token is launched.

They have an option to be on different chains and that's the beauty of it. Like it can be bep20, bsc, on polygon and even in eth/erc20.

vv181

legendary

Activity: 1932

Merit: 1273

Quote from: mirek92 on May 30, 2022, 11:08:45 AM

I mean for example classic shopping in store or paying in restaurant and so on. For these examples people would probably require fast transactions and negligible amount of fees. Is there anything else important for that?

Sure things, most people won't spend extensive fees when they pay in-store especially if they are doing small transactions. Or waiting for the transaction gets confirmed or settled when they are done with it.

Quote from: mirek92 on May 30, 2022, 11:08:45 AM

Is there anything else important for that?

Of course, it depends on the factor of the ecosystem adoption within the place. Surely you shouldn't use a cryptocurrency that lacks a userbase. We can argue that using ETH and BNB sounds like a probable option since both coins have better adoption compared to others, but if we include tx fees, Polygon or Ava also sounds nice.

MFahad

hero member

Activity: 2506

Merit: 644

Eloncoin.org - Mars, here we come!

Fee is not only one factor people look for.any Blockchain project has very low fee but they have some another issues like lack of partnership and securities and failed to get the attention of projects. Etherium fee is high but still top Blockchain along with many top projects using this. Bnb is also safest Blockchain with low fee. All other Blockchain has not proved yet the real Usecase

MAAManda

hero member

Activity: 1540

Merit: 725

@mirek92, In my personal opinion, the blockchain network that is suitable for use in real life is a blockchain that has a high transaction speed (we know it as TPS), although the blockchain network is not completely decentralized, but as long as the transaction execution is fast, it is very suitable for use in real life. Just imagine if you use the Ethereum network? It will take a very long time to execute the transaction.

"Real life need scalability and speed, not decentralization."

Flexystar

full member

Activity: 1092

Merit: 227

Avalanche is funded by university donations and is really picking pace in the field. They do have amazing competition against ETH chain and I think runs over other chains too. Founded by professor it has favourable fees, faster transactions and yet being developed to go ahead of ETH. The donations or investments are nicely pulling towards it so that must be good enough to understand this chain could be helpful. Whether it’s your real life usage or on chain usage the fact remains same in terms of its fees and faster transactions.

X-ray

hero member

Activity: 2996

Merit: 524

Leading Crypto Sports Betting & Casino Platform

Quote from: mirek92 on May 29, 2022, 11:45:13 AM

Hello, I would like which blockchain is in your opinion the best for usage in real life?

I can't pick which one from them in your list that will be very useful in your real life but i just remind you that being scalable was a must to make sure if people can use it as their daily payment system.
In this case i think that only those blockchains with good scalability that can be used in our real life.
People will be using coin to buy something and used it in their life. Remember that crypto was about the economic.
This means the value of crypto is really helping for people to use it for some purposes.

mirek92

jr. member

Activity: 50

Merit: 20

I mean for example classic shopping in store or paying in restaurant and so on. For these examples people would probably require fast transactions and negligible amount of fees. Is there anything else important for that?

vv181

legendary

Activity: 1932

Merit: 1273

It depends on what kind of real-life usage. Specifically, about practicality, although as far as I'm aware those coins mentioned are using EVM, some coins may offer better options than the others depending on the use case. But still, "real usage" is too wide to be specifically answered. Also, the target market you choose plays an essential part in order to decide which cryptocurrencies that suit your needs.

mirek92

jr. member

Activity: 50

Merit: 20

Hello, I would like which blockchain is in your opinion the best for usage in real life?

ETH/BSC/Cronos/Polygon/Kucoin/Avalanche/Fantom
https://ibb.co/WnhSgjR

Ethereum has unacceptable fees for most of people,BNB smart chain has bellow 1 usd.
Other five blockchain has trasnaction fees less than 0,1 usd.
Which of them would you choose to create token for real usage?
Thank you

Topic: Which blockchain is the best for practical usage in life: ETH/BSC/Cronos/next4? (Read 108 times)