Which is better: Ethereum or the Binance Smart Chain?

ItsCrafty

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Quote from: TheBitcoineers on March 30, 2021, 03:25:20 PM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

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Only issue of Etherium is high fee but despite heavy gas fee total transaction of etherium is greater than BSC.
Opensea Etherium transaction is much higher than Bsc Nft transaction.
If this problem solved i think no coin can beat Etherium. I will prefer Etherium over Bsc chain

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Quote from: magneto on January 03, 2022, 07:02:53 PM

ETH all the way.

BSC is only successful because it offers lower fees (for now) and also has a centralized exchange that is currently backing it.

But at the end of the day, it's not as scalable as other solutions out there like FTM, SOL, or whatnot. ETH will become more scalable itself after ETH2.0 comes out, which is certainly going to eat into the use cases of BSC.

yes, it looks like Ethereum is still the main choice if the question is which is the best ethereum or BSC. However, the most common problem with ethereum is that the fees are too large. however, many people use BSC nowadays just because they are looking for an alternative, and not everyone can make transactions with ethereum because of the hefty fees. In addition, the BSC is also still very good, however, it is a choice between the best.
personally, I use both and even tend to use BSC over ethereum.

vanesha

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Quote from: yazher on March 31, 2021, 06:56:31 AM

Binance Smart Chain is the best especially they have the things to develop its current capability in the upcoming years just like they keep updating their products especially their services. The main reason is good than ETH is because of its fees and convenience to use. Anyway, if ETH loses its current popularity, I'm sure there are lots of people who will gonna go to Binance Smart Chain since they already know how their services guaranteed a maximum security.

I'm not sure about binance smart chain as the main alternative to ethereum.
The reason is that the low transaction fees on the Binance smart chain create an opportunity for fraudsters to easily a
nd cheaply create their own projects and then run away with the money from the sale.
I agree low cost is a good solution when ethereum gas is very expensive, but Binance smart chain should also think about
how their network isn't filled with lots of bad guys who just aim to steal.
So far, I've been using the Binance smart chain network for reasons of low transaction fees, but it's a shame for me that there
are so many loopholes for fraudsters to enter, even the security of the Binance smart chain network is now quite vulnerable
with token dusting that can take over our wallet access.

Frengki_cisco

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Quote from: TheBitcoineers on March 30, 2021, 03:25:20 PM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

BSC, as many people here say, if you want to use Binance Smart Chain, that's the best decision and solution for you, I've been using it for a long time, besides the low cost BSC network is also fast and good, you will.accept transactions quickly.

Your BSC platform easily exchange the tokens you earn from Airdrop and so on.

$anounimus$

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There are a lot of things to think about when you decide which platform is best for the user. With the BINANCE chain, people will be able to make faster transactions, pay almost no fees, and make smart contracts easier to use with other smart contracts. ETHEREUM, on the other hand, has more features for contracts and is a lot more well-known in the cryptocurrency world. Finally, the choice comes down to what users want and need.

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Quote from: TheBitcoineers on March 30, 2021, 03:25:20 PM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

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Ethereum has high gas, but projects that come out of the ethereum network are quality.
The Binance Smart chain has cheap gas, but the projects that come out of the BSC network are mostly trash.

The conclusion is that it depends on what you like and what you need, when you are a small trader or only make small transactions, use the BSC.
However, if you are a big investor I'm sure you will look for projects with the ethereum network because they are of higher quality.
This happened because the cheap transactions on the BSC network made many projects that were published haphazardly and even easily entered by fraud.
Meanwhile, with the ethereum network which is expensive per transaction, the fraudsters do not want to be here, they need a lot of transactions to deceive people and prefer cheap networks every transaction.

zeslee

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Quote from: yehestielsiburian on October 02, 2021, 04:23:28 AM

Quote from: harizen on October 01, 2021, 04:24:10 PM

If good scalability on the BSC network will continue to maintain, users will always enjoy the quick and low fees of using it.

But before, the Ethereum network also has the same feature, cheap fees while users can enjoy too a quick transaction. It's no assurance that the BSC network will avoid ending up on that issue too in the future. For now, let us enjoy what network is giving us convenience. In the first place, other networks chains are build to somehow solve some of the issues when using Bitcoin before, especially fees.

That's right, at the launch of BSC, my mind was already racing when people shouted FEE BSC was cheaper than ETH. I asked, wasn't ETH Fee also cheap before? and it is because of transaction density that ETH FEE soars. But I believe this incident could have happened to BSC if it was at the same point in ETH

no such thing as truex or etc or not or xracing or etc about it, cepuxyuax, any relaxed, do, think, say, feel etc any nmw and any s perfx, otherx or not doesnt matter

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Binance Smart Chain is the best Embarrassed

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Quote from: magneto on January 03, 2022, 07:02:53 PM

ETH all the way.

BSC is only successful because it offers lower fees (for now) and also has a centralized exchange that is currently backing it.

But at the end of the day, it's not as scalable as other solutions out there like FTM, SOL, or whatnot. ETH will become more scalable itself after ETH2.0 comes out, which is certainly going to eat into the use cases of BSC.

Well, maybe because the ethereum fee is quite large at the moment, ethereum is sinking even more. it's just, ethereum is now too big to sink. Personally, I currently think that BSC is still a superior coin. however, if ethereum fees were cheap again, I think BSC would only be ranked 3rd. but, personally, I find both coins very useful at this time.

Zero@Etopia

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Everything has its own value.

JoyMarsha

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I know of many projects that refuse to function based on the high fees of ethereum. Their project is on hold because they have built their product on the ethereum blockchain, not in another blockchain. They find it hard to deviate from the original plan of their project using the ethereum network to another network. They are just waiting for when the ethereum gas fee will reduce, until then they will decide to to carry out their innovation.

K4C

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I think in this case i said that both are very good but the Ethereum is stronger then binance Smart Chain and in this time mostly people support and use the binance Smart Chain because in this time the BSC is better than Ethereum because the etherium Transection fee is very high compared to BSC so the main point is that in this time BSC is very best.

sitbang

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Both platforms are very safe when we invest in both short and long term, but transaction fees on Binance are cheaper than transaction fees on ethereum, so many people turn to bnb because gas costs are relatively cheap.

velive08

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both have their advantages that many other cryptos don't have, and they are both purposeful crypto use cases, and have good prospects for the future. but I see both of them are very good, the problem of high transaction fees that Erc20 is currently facing, I think is reasonable, because considering the price continues to rise every year, and it will also be experienced by Bsc.

cafee_orange

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Quote from: arifteguhr on January 03, 2022, 07:47:24 PM

Quote from: cafee_orange on December 27, 2021, 03:49:57 AM

yes, most people think because using the ERC20 network has a very high cost so they say that bsc is better than ethereum, I think this is something wrong. what we need to pay attention to now is that they both have different developers and both have given birth to new innovations with the technology owned by the two networks. both have great potential, and I don't think there's anything lacking in either of them.

It's only a matter of price, mate, just try if the BNB price can be the same as the current ETH price, surely the amount of fees that must be incurred during the transaction will also be almost the same as on the ERC20 network.

Of course it's true with what you said, I think before the price of ethereum as it is today like the Gway fees that we spend also feels very cheap, it's the same as the costs we spend today using the Bsc network. therefore I think these two cryptos are very good in their competition

Kodok Bencot

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Of course, BSC is better, even now more and more projects are switching to BSC so that BSC is better, besides the increasingly expensive transaction fees make anyone not like using Ethereum.

arifteguhr

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Quote from: cafee_orange on December 27, 2021, 03:49:57 AM

yes, most people think because using the ERC20 network has a very high cost so they say that bsc is better than ethereum, I think this is something wrong. what we need to pay attention to now is that they both have different developers and both have given birth to new innovations with the technology owned by the two networks. both have great potential, and I don't think there's anything lacking in either of them.

It's only a matter of price, mate, just try if the BNB price can be the same as the current ETH price, surely the amount of fees that must be incurred during the transaction will also be almost the same as on the ERC20 network.

magneto

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ETH all the way.

BSC is only successful because it offers lower fees (for now) and also has a centralized exchange that is currently backing it.

But at the end of the day, it's not as scalable as other solutions out there like FTM, SOL, or whatnot. ETH will become more scalable itself after ETH2.0 comes out, which is certainly going to eat into the use cases of BSC.

Rigon

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The most popular of the Ethereum and Binance Smart Chain platforms is the Binance Smart Chain platform.At present the platform has become quite impoverished due to the substantial increase in gas free of the ethereum platform.Thanks to this, the Binance platform has become very popular among the people due to its low gas fees.

cafee_orange

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Quote from: globalpain on December 25, 2021, 04:19:50 AM

Quote from: cafee_orange on December 25, 2021, 03:49:44 AM

Quote from: TheBitcoineers on March 30, 2021, 03:25:20 PM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

BY ANSWERING THIS QUESTION, YOU ALLOW US TO USE YOUR RESPONSES IN AN ARTICLE ON GOLDPUNDIT.COM ON THIS SUBJECT. WE WILL CREDIT YOUR USERNAME. YOU CAN OPT OUT OF US POSSIBLY USING YOUR RESPONSE BY WRITING 'NO' AT THE BEGINNING OF YOUR RESPONSE. Thank you.
'

I think both are good platforms and many big companies like to run their projects, both have more potential to be better in the future. as for now, many people glorify BSC just because the transaction fees on the ethereum platform are having problems, namely the high transaction fees on ethereum.

I agree with what you are saying and indeed if talking about the two networks are basically the same,
Of course, Ethereum and Binance Smart Chain have their respective advantages and disadvantages,
but indeed until now the high transaction fees of Ethereum are still a concern and hopefully it will return to normal

yes, most people think because using the ERC20 network has a very high cost so they say that bsc is better than ethereum, I think this is something wrong. what we need to pay attention to now is that they both have different developers and both have given birth to new innovations with the technology owned by the two networks. both have great potential, and I don't think there's anything lacking in either of them.

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