Topic: Which is better: Ethereum or the Binance Smart Chain? - page 14. (Read 2857 times)
All everyone sees right now is Ethereum expensive gas fee but they've forgotten that BSC can't exits without Ethereum, think deeply before you start crucifying ETH
As of the moment as the gas fee of ethereum blockchain is soaring high as well, I think that Binance smart chain is the better chain knowing that its more convenient and cheaper than ethereum blockchain.
For me,i like to distinguish which is better by Market Cap, ETH is about $478 billions, BNB is about $104.4 billions, we can see ETH is about 4.58 times BNB, all in all, my conclusion is ETH is better.
I think even though ETH has a very large transaction fee compared to the bsc, I would rather recommend ETH shall to be the best altcoin, because the movement of the eth is increasing and increasingly popular nowadays, so ETH dominates both price and a market capitalization.
The difference between the two is emphasized on the difference in the proof-of-work system by ETH and the proof-of-stake system that has been implemented by BSC. Currently ETH is updating its system towards POS to eliminate transaction congestion and low fees. So which one is better, in my opinion BSC has the upper hand at this time.
for now, I only see it in terms of fees. for BSC, it is very cheap, but because it is new, so there are not many projects that use the platform. however, for ETH, currently, there are so many projects that use it, and because there are too many fees, the fees are higher than BSC. both of these have advantages and disadvantages each. So, developers need to see what they need from it.
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I chose binance smart chain (BSC), because the fee is cheaper and faster. the only good thing about ethereum at the moment is the price. And everything else is outdated, there are many platforms that are better than ethereum. ethereum is an outdated platform that stays in use simply because they've been around longer than others. but BSC is different, there are lots of new innovations and all of that more than ethereum.
I don't see anything that's outdated in eth despite the TPS itself that's kinda low, even BSC itself actually just a hf from current ethereum with some flavour which if i'm being frank not that different, if any it's just BSC have higher tps and rather centralized that allows it to be faster than ETH however once full implementation of eth 2.0 done like side chain or sharding BSC will simply become outdated while ETH becoming stronger than ever.If what you're talking about new innovations in BSC are those nft marketplace and swap that coming up everyday and was meant to be money grab, I don't think that's really an innovation.
BSC is more centralized than Ethereum. Also, it has lot fewer projects on its platform compared to Ethereum. Apart from high gas fees, Ethereum remains the better choice.
That's right, still ETH is more used if we base it from the projects that being created inside this chain.
Still far from end users though due to this high fees being practical gives some developers to use BSC as alternatives, there are now growing
numbers of developed cons that use BSC and also enjoying, comparing this in an actual success ETH still superior up to date..
I chose binance smart chain (BSC), because the fee is cheaper and faster. the only good thing about ethereum at the moment is the price. And everything else is outdated, there are many platforms that are better than ethereum. ethereum is an outdated platform that stays in use simply because they've been around longer than others. but BSC is different, there are lots of new innovations and all of that more than ethereum.
Even with such fees, Ethereum looks better and more reliable than Binance Smart Chain.
Agreed, basically it's not only about the scalability but how good the platform to be used to build dapps. Various reasons must be considered as the factors to determine which was better between BSC and ethereum.
I just remind you that the little shrimp will always hate to pay more than what they wanna try to send through ethereum blockchain.
Ethereum is more reliable but the problem is BSC was copying it from ethereum. The basic build of BSC is the same with ethereum.
The common reason why BSC is better these days is because of the fee.
Eth = expensive fee
BSC = cheap fee
That's the easiest comparison and reason that we can comprehend if it's about these two chains.
Eth = expensive fee
BSC = cheap fee
That's the easiest comparison and reason that we can comprehend if it's about these two chains.
fees on the ethereum network are starting to return to normal. So is that still a superior thing? I think that if the fee problem is resolved, people will think again about using the binance smart chain. they will think why switch to another platform, if ethereum is still better.
The common reason why BSC is better these days is because of the fee.
Eth = expensive fee
BSC = cheap fee
That's the easiest comparison and reason that we can comprehend if it's about these two chains.
Eth = expensive fee
BSC = cheap fee
That's the easiest comparison and reason that we can comprehend if it's about these two chains.
fees on the ethereum network are starting to return to normal. So is that still a superior thing? I think that if the fee problem is resolved, people will think again about using the binance smart chain. they will think why switch to another platform, if ethereum is still better.
the best remains ethereum. the smart chain looks like it's centered. but for now ethereum is having a bit of a problem. but slowly the problem has started to disappear because the GAS fee has started to return to normal. if that problem is resolved, smart chains will not be able to compete with ethereum.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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It depends on my transaction volume. If I have to swap a very large sum and if I have to choose between Ethereum or Binance, I would decide for Ethereum because from a crypto perspective, we should always select more decentralized solutions. Binance Chain is very cheap but it is not what we finally want because it can be controlled by Binance simply. It is not how a decentralized finance looks like. 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.
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Ethereum is decentralized but very high fees, so at a low sum to swap, I would use Binance but don't like it because it's controlled by Binance.
Apart from ETH and BNB, I like much more Avalanche [AVAX]. It is a new chain, launched last year late summer and has a very good DeFi because fees are low, fast and it is decentralized. I can really recommend Avalanche because it has so many improvements over ETH and BNB.
By the terms of service i would say ETH and BNB are both good coins but when transaction fees are requiring by these moment traders do prepared to used Binance Smart Chain because they have low cost fees, fast and easy way to trade while ETH have highly cost fees which is the only problem they have.
BSC is more centralized than Ethereum. Also, it has lot fewer projects on its platform compared to Ethereum. Apart from high gas fees, Ethereum remains the better choice.
I do not subscribe to the idea that one is better between Ethereum and Binance smart chain. I believe they compliment each other. Binance smart chain is an improvement on the shortcomings of ethereum, while ethereum is hosting the BNB on its network.
maybe because ethereum has a very high cost so now many projects prefer binance, actually if ethereum can solve the cost problem i personally prefer ethereum
the Ethereum transaction fee is what is making alot of people and projects to prefer Binance smart chain , aside from this i dont think there is any other edge. for me i am ethereum lover but the gas fee is way too much. i still use it but not like the binance smart chain.
With the huge gas fees required for just one transaction on Ethereum I would say Binance Smart Chain is better, because its gas fees are not only cheap, Binance Smart Chain solved the scalability problems on Ethereum blockchain, so it's a better than Ethereum for now, maybe when Ethereum 2.0 comes, we might be say something different because the update is expected to solve the current problems Ethereum has for now.
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