Topic: Which is better: Ethereum or the Binance Smart Chain? - page 16. (Read 2844 times)
Most traders these days are having a hard time dealing with high fees and I think that's the edge of BSC over Ethereum. ETH has high fees that's why most people are switching to other exchanges and altcoins with better transactions. Eth has been through a lot but the developments of Binance smart chain are getting better than it.
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.
If only this was the difference, then we would see that all projects massively began to switch to the Binance Smart Chain. But I see that most projects are still done on the ethereum blockchain, because developers don't like the fact that BSC is centralized. This, in my opinion, is the main difference between them.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
You cannot say that in one word, the reality of the events are that the ETH is too congested and the fees are really high to send transactions and that is affecting some projects and so is the reason some of the developers are shifting to other platforms and with CZ in the helm of Binance smart chain you can expect that he will be luring developers with his promises but one aspect is true that Binance smart chain is having minimum transactions fees but what happens when it see a surge in transaction like ETH.
This is type of question frequently asked here in this forum. Most people will only comparing both network based on the gas fees. If we talk about the gas, of course bsc is the winner nowadays, while ethereum network killed those people who sent small value tokens. Bsc is the answer for the ethereum high fee. No doubt people follow the money, where there's a cheap service, there will be crowded.
But no one know what will happen when eth2 become live. The blockchain update from pow to pos will immediately change the game.
But no one know what will happen when eth2 become live. The blockchain update from pow to pos will immediately change the game.
Everything about BSC is Ethereum UI.
Almost nothing changed.
It's just the purpose that is different. It's a smart chain so obviously they are alike. BEP-20 for BSC and ERC-20 for Ethereum.
Right now, BSC has the upper hand. Not much users are going to spend a large amount of money just for tx fee of Ethereum (gas) while on BSC its cheap.
Proof of stake is another upper hand. Since Ethereum is still on its way on that process, the highlight is in BSC for now.
So to answer the question, BSC now, Ethereum later.
Almost nothing changed.
It's just the purpose that is different. It's a smart chain so obviously they are alike. BEP-20 for BSC and ERC-20 for Ethereum.
Right now, BSC has the upper hand. Not much users are going to spend a large amount of money just for tx fee of Ethereum (gas) while on BSC its cheap.
Proof of stake is another upper hand. Since Ethereum is still on its way on that process, the highlight is in BSC for now.
So to answer the question, BSC now, Ethereum later.
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Ethereum and Binance Smart Chain has different usabilities. On Ethereum user can make smart contracts. But what does BSC really offers ? Only significantly smaller transaction fees than they are in Ethereum? So basically BSC if better only due to Ethereum high fees? What will be if Ethereum fees becomes same as on BSC? BSC will become useless and it will drop BNB price. Am I correct?
Do you know what BSC really means? BSC is a smart contract based blockchain which offers same functionality of Ethereum blockchain. Developer can deploy smart contract there for NFT, applications and other digital asset there which is same to Ethereum. BSC is competing Ethereum for that similar feature with low transaction fee and fast confirmation.
Imagine you started up a restaurant. In order to success you employed the best chef in the city, went through hell to choose the best ingredients available, tested 1000 recipes to see which is best, and competed hard with rival brands. In the end people trusted you, you gained fame and you're rich now.
a while later another restaurant opens 50 meters from yours, with the exact same menu, ingredients and everything and without any innovation, but they have a bigger better place and so many people leave your restaurant for theirs because "they have anything that you have and more"!!
That's the situation with ETH and BSC right now. BSC is practically a copy-paste of ETH, and almost everything there is the same with ETH. But because it offers lower fees people prefer it to ETH.
But don't worry about your restaurant, because a lot of people understand loyalty. BSC doesn't have the huge community that ETH always had, and the number of projects in their chain (and their quality) can not be compared to ETH. Also, ETH will probably solve the fee problem in July, but until then BSC will be chosen by some people and projects, and will probably flourish.
But most of us failed to expose that ethereum network is decentralized while Binance smart chain is centralized which itself a great difference and cannot be compared one another. BSC is just a temporary solution to ETH but ETH will solve the fee and scalability issue after rolling over to ETH 2.0. In the meanwhile period S=BSC can grow a lot bigger and gather community which can replace ethereum as well. a while later another restaurant opens 50 meters from yours, with the exact same menu, ingredients and everything and without any innovation, but they have a bigger better place and so many people leave your restaurant for theirs because "they have anything that you have and more"!!
That's the situation with ETH and BSC right now. BSC is practically a copy-paste of ETH, and almost everything there is the same with ETH. But because it offers lower fees people prefer it to ETH.
But don't worry about your restaurant, because a lot of people understand loyalty. BSC doesn't have the huge community that ETH always had, and the number of projects in their chain (and their quality) can not be compared to ETH. Also, ETH will probably solve the fee problem in July, but until then BSC will be chosen by some people and projects, and will probably flourish.
Imagine you started up a restaurant. In order to success you employed the best chef in the city, went through hell to choose the best ingredients available, tested 1000 recipes to see which is best, and competed hard with rival brands. In the end people trusted you, you gained fame and you're rich now.
a while later another restaurant opens 50 meters from yours, with the exact same menu, ingredients and everything and without any innovation, but they have a bigger better place and so many people leave your restaurant for theirs because "they have anything that you have and more"!!
That's the situation with ETH and BSC right now. BSC is practically a copy-paste of ETH, and almost everything there is the same with ETH. But because it offers lower fees people prefer it to ETH.
But don't worry about your restaurant, because a lot of people understand loyalty. BSC doesn't have the huge community that ETH always had, and the number of projects in their chain (and their quality) can not be compared to ETH. Also, ETH will probably solve the fee problem in July, but until then BSC will be chosen by some people and projects, and will probably flourish.
a while later another restaurant opens 50 meters from yours, with the exact same menu, ingredients and everything and without any innovation, but they have a bigger better place and so many people leave your restaurant for theirs because "they have anything that you have and more"!!
That's the situation with ETH and BSC right now. BSC is practically a copy-paste of ETH, and almost everything there is the same with ETH. But because it offers lower fees people prefer it to ETH.
But don't worry about your restaurant, because a lot of people understand loyalty. BSC doesn't have the huge community that ETH always had, and the number of projects in their chain (and their quality) can not be compared to ETH. Also, ETH will probably solve the fee problem in July, but until then BSC will be chosen by some people and projects, and will probably flourish.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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In the past the Ethereum platform was always considered good by all of its users and now that the Gwei's fees on the Ethereum platform have increased, some people think the Ethereum platform is no longer good, which is not the case, although the Binance Smart Chain platform is also not bad to use though some people say the Binance Smart Chain platform is the best and they are starting to forget about Ethereum, but in general both of them are equally good to use according to their individual needs. 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 was initially introduced to Ethereum and still believe that ETH is better than BSC. The fact is that Ethereum appeared much earlier than BSC and Binance itself, and everything that Binance now has, it owes to Ethereum, because it all started with it. The fact that ETH is now experiencing problems with network load and high fees for commissions really spoils Ethereum's reputation and many crypto platforms and companies are now switching to other blockchain platforms, including Binance Smart Chain. However, Ethereum is currently working on updates and there is every chance that the network problems will be resolved and then Ethereum will regain its position. But no matter how it was for me personally, ETH remains better than BSC, especially since BSC has just begun its journey and it will be seen further how good and popular it is among the crypto community.
Ethereum is better than all. Binance Smart Chain market to themselves by saying that they have low fees and the speed of processing transactions. If Ethereum manages to solve this problem, there is no way to compare them.
Binance Smart Chain is completely sweet-like by hardforks. Does any hard fork solve the problem or do they create worthless models?
Binance Smart Chain is completely sweet-like by hardforks. Does any hard fork solve the problem or do they create worthless models?
Ethereum and Binance Smart Chain has different usabilities. On Ethereum user can make smart contracts. But what does BSC really offers ? Only significantly smaller transaction fees than they are in Ethereum? So basically BSC if better only due to Ethereum high fees? What will be if Ethereum fees becomes same as on BSC? BSC will become useless and it will drop BNB price. Am I correct?
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.
when it come to the development of dapps and i still prefer to choose ethereum over BSC and remember that if visa will be integrating with ethereum chain.
That will attract mode demand to come very soon to the ethereum.
Imo if ethereum is much more easy to be used as a way to develop the new dapps.
BSC is a good platform but i didn't like how it is working. The fees means a lot for traders but ethereum will get another improvement that will solve it.
That will attract mode demand to come very soon to the ethereum.
Imo if ethereum is much more easy to be used as a way to develop the new dapps.
BSC is a good platform but i didn't like how it is working. The fees means a lot for traders but ethereum will get another improvement that will solve it.
A lot of traders don't care whether a project they're buying into is centralized or decentralized. They only look at the transaction fee and to this effect I say that BSC is way better than ETH. BSC is cheap to use, in fact very cheap. The extortion in gas fees from ETH has killed so many budding projects that came through the ERC contract. This day I don't even contemplate buying any project using DApp once I know it's only paired with ETH. It's that bad for me.
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.
It's not worth comparing these two platforms with each other now, because ethereum is now in a state of complete renewal. Yes, the ethereum network was created in 2015, when there was not such a large user load. Now the ethereum team is solving these issues, including with high transaction fees, but this will take some time. Ethereum will be updated, and then we will compare. Eth = expensive fee
BSC = cheap fee
That's the easiest comparison and reason that we can comprehend if it's about these two chains.
BSC (Binance smartchain)
1. Cheap fees,
2 totally centralized network
ethereum
1. expensive fees for each transaction
2. totally decentralized compared with BSC.
If we are seeing both based on the demand and then ethereum still leads compared with BSC but there are more possibilities for more people migrate to the BSC due to the expensive fees that happened in ethereum but i still prefer ethereum rather than BSC.
1. Cheap fees,
2 totally centralized network
ethereum
1. expensive fees for each transaction
2. totally decentralized compared with BSC.
If we are seeing both based on the demand and then ethereum still leads compared with BSC but there are more possibilities for more people migrate to the BSC due to the expensive fees that happened in ethereum but i still prefer ethereum rather than BSC.
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.
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.
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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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