There are a number of factors you have to consider. Cryptocurrency is about people and one of the things that will help you to succeed is making it possible for people to buy your tokens - basically to interact with your tokens. You consider what people are familiar with, for example, currently IMO, most people are familiar with BSC chain since Ethereum fees are currently high (though Ethereum was popular but the high gas fees make people not to engage in it as much as was the case few years ago). Other blockchains are good like Avalanche, Cardano, Solana, etc. but the average person my find it a bit complex to use in the wallet, hence making it less popular. I suggest you go for BSC blockchain. Scam tokens have no future, because in a short while, people will find out and boycott it. There are numerous genuine tokens built on BSC with bright prospects.
On the issue of confusion on the use of BNB, BSC. BNB is a coin (Binance coin) that can operate on two networks - Binance Chain or Binance Smart Chain (BSC). BNB is used to pay gas fees for the networks. This website (https://www.exodus.com/news/what-is-binance-smart-chain-bnb/) may help for more clarifications on the subject.
Topic: Which Blockchain would you recommend? (Read 212 times)
It is a tough question as there are many pros and cons for each blockchain, I would love to use Ethereum, but the gas fees is not prohibited for small investors. BSC on the other side it has an acceptable or an almost "fixed" gas fee, however most of the scams are created on top of BSC due to the low price to create it, not to mention the confusion between BNB BSC and BNB Binance. There are others like Tron, Avalanche, Bitgert, etc.
Which blockchain would you recommend and why if you are to create a new token?
Which blockchain would you recommend and why if you are to create a new token?
It all depends on what your token / product is to be used for.
I agree that Ethereum blockchain is the most proven and trusted, but the obstacle to its practical application are very high trasaction fees (we all look forward to the introduction of ETH 2.0 which should change all that).
In my opinion, BSC is the most practical blockchain at the moment. The fact that it is used by projects with bad intentions does not change the fact that it is simply the most convenient. Is it because most criminals use $ for shady business, the dollar is losing something? No, it's just that everyone uses dollars anyway, because they're the most convenient. Same is with BSC.
while i am looking at the tx fees among new networks like bsc, matic, sol, trc20, fantom >> matic/bsc/trx have somehow the lowest fee (in terms of usdt withdrawal) in some exchanges. but in casinos, matic has the lowest fee in terms of usdt withdrawal. so it depends on the platform you are using. we already know that up until now erc20 is still expensive.
if the op will launch his project, better look at these new networks. they have their own pros and cons but what matters most, is how the project will move forward to attain their goals/objectives.
It is a tough question as there are many pros and cons for each blockchain, I would love to use Ethereum, but the gas fees is not prohibited for small investors. BSC on the other side it has an acceptable or an almost "fixed" gas fee, however most of the scams are created on top of BSC due to the low price to create it, not to mention the confusion between BNB BSC and BNB Binance. There are others like Tron, Avalanche, Bitgert, etc.
Which blockchain would you recommend and why if you are to create a new token?
Which blockchain would you recommend and why if you are to create a new token?
It all depends on what your token / product is to be used for.
I agree that Ethereum blockchain is the most proven and trusted, but the obstacle to its practical application are very high trasaction fees (we all look forward to the introduction of ETH 2.0 which should change all that).
In my opinion, BSC is the most practical blockchain at the moment. The fact that it is used by projects with bad intentions does not change the fact that it is simply the most convenient. Is it because most criminals use $ for shady business, the dollar is losing something? No, it's just that everyone uses dollars anyway, because they're the most convenient. Same is with BSC.
As a Turkish person, I have to say Avax
I mean I only invested in it, and never really used it much and I am not the person to talk about it, I am not really knowledgeable about it so take what I am saying with a grain of salt. However, aside from the obvious eth and BSC options, the third one has always been avax for me, both because of the nationality deal that is obvious, but also because it is trying to solve the gas fee issue in a method that is unseen from anything else. SOL keeps having troubles, ada keeps having troubles, I haven't heard any troubles coming from Avax so far. That is a very good reason to start there, but I am not sure how easy it would be. 
You can try to use fantom. Fantom has become a very potential blockchain these days. I will be using fantom as a blockchain to issue my own token. I know that layer 1 blockchain may become the first choice but you can also consider about the potential of the fantom blockchain as well. This blockchain is gaining a very big traction these days as people are massively investing and using this blockchain.
This is a second layer blockchain combined with web 3 development. That will be very suitable for you to develop your project used this blockchain. fantom is better than BSC
Fantom as a network could be a decent one, when you look at it in the technological sense I am sure that it is one of the better ones but unfortunately it doesn't have the hype and the community of the other ones. That's their problem, I always said the same thing about Tron as well.This is a second layer blockchain combined with web 3 development. That will be very suitable for you to develop your project used this blockchain. fantom is better than BSC
Tron had TRC20 for a while now and they are definitely a great technological network to use and I am sure that if everyone started using it then it would have become a good one. However, it is quite obvious that we shouldn't really consider them high right now, do we? That is why I believe that phantom is the same logic, could have been good but didn't get attention.
What exactly are you accomplishing here first? Are you trying to look for a Blockchain and use that Blockchain alone for good? Each of the blockchain here have their own cons and pros and you should do your own research about it and if you are trying to look for alternative blockchain just to eliminate the expensive transaction fee from Ethereum network then I suggest to go with the Binance Smart Chain network.
ya.ya.yo!
ya.ya.yo!
Hey buddy why not Go with Matic it will definetly help the new developer being the supporter of ETH Matic had really low fees and uses Proof of Stake mechanism Polygon native token matic is also doing really great their are also many underrated and new blockchain like TRON KILT so be can also look on these blockchain
Well, personally I also like ethereum, but because the fees are quite expensive, I use BSC more often because the fees are much cheaper, and now it's very easy to use.
however, the blockchains I use the most are ETH, BSC, Matic, and TRX. well, i think those 4 blockchains are used very often nowadays, although i use BSC more often than others nowadays.
however, the blockchains I use the most are ETH, BSC, Matic, and TRX. well, i think those 4 blockchains are used very often nowadays, although i use BSC more often than others nowadays.
The eth blockchain is unusable at least until the fees return reasonable, the bsc blockchain is a temporary alternative to be used carefully, perhaps the definitive solution is the matic blockchain with very low fees
I use them all and I can say BSC is great also FTM wallet on SOL... They all are great and can take eth place if they dont fix the problems with fees.
The eth blockchain is unusable at least until the fees return reasonable, the bsc blockchain is a temporary alternative to be used carefully, perhaps the definitive solution is the matic blockchain with very low fees
It's like As new blockchain startups are launched every day other journalists are trying to understand the complex, confusing, and general thinking world of Bitcoin, Blockchain, and cryptocurrencies. I have a lot of experience using different blockchains. I have selected several with certain criteria; they have been chosen for their value, innovation, security, and reach one of them is BNB, Even though Binance is complicated, once you get used to it, you will be amazed by its amazing system.
You can try to use fantom. Fantom has become a very potential blockchain these days. I will be using fantom as a blockchain to issue my own token. I know that layer 1 blockchain may become the first choice but you can also consider about the potential of the fantom blockchain as well. This blockchain is gaining a very big traction these days as people are massively investing and using this blockchain.
This is a second layer blockchain combined with web 3 development. That will be very suitable for you to develop your project used this blockchain. fantom is better than BSC
This is a second layer blockchain combined with web 3 development. That will be very suitable for you to develop your project used this blockchain. fantom is better than BSC
If you are a low-risk investor or those who have only a few bucks to invest in crypto, I recommend finding some good tokens on Matic or Avalanche network which have some promising futures and some legit developers. If you are unto a long-term investment, you can select some tokens that are using those networks or you can also buy their actual tokens to ensure profits in the future. Since these networks will not cease to develop their product, you can ensure that they will gonna increase their price once they burned their tokens and update them to gather more investors.
You can use solana, velas, avalanche and a few others but for now I still personally prefer the BSC network, it's just better and easier for both old and new crypto investors and also more popular.
BSC is a great choice, if you are planning to create a token/project. In addition to low gas fees and relatively fast average transaction times if the project or token used has good prospects in terms of utility and concept, it is also possible that Binance will support and include your coins on the exchange.
I thought you would ask which blockchain I would prefer overall. I would have answered Bitcoin. Of course nobody would prefer other blockchains aside from Bitcoin's. But since you are asking which blockchain would I be using if I were to create a new token, I would definitely choose Ethereum's blockchain. Why? Should I need to justify it when I am choosing the next most trusted blockchain in the entire history of the blockchain technology? The reason the fees are surging with Ethereum's blockchain is the strong demand for it. BSC is trash.
eth can be used for projects that you think will bring good profits. But I'm still in favor of bsc. Yes, scammers may be using it right now due to cheap transaction fees. But most of these projects are already self-evident with a little research. You can understand which project was created for fraudulent purposes by just taking a glance at the projects you will invest in.
I will choose the binance smart chain as the blockchain is fast and the gas fees are flexible enough with a faster transaction time, apart from that the Binance smart chain also uses its native coin binance coin for the gas fees which makes it more of a utility blockchain.
For me, the blockchain must be scalable enough to handle any transactions with cheap fees. When someone wanna issue the token and this token will be used as a part of its own platform and anyone who will be wanna using it must also pay small fees for that thing to happen. In my opinion if the most scalable blockchain is good enough for that like avalanche.
The question is what will be the purpose of this blockchain? I meant for your platform just like create metaverse, defi or something else maybe
The question is what will be the purpose of this blockchain? I meant for your platform just like create metaverse, defi or something else maybe
... Which blockchain would you recommend and why if you are to create a new token?
I personally would not create any token so I cannot give you a technical answer from a developer's perspective. Follow where the money is if profit is what you are after and that should narrow down the option to the most popular or most used chain. Don't mind the reputation of Ethereum and BSC because many scam projects were launched there.
Jump to: