Topic: Which is better: Ethereum or the Binance Smart Chain? - page 2. (Read 2844 times)
Honestly answering this one is a bit unfair for ethereum because it has been tested with an overload which almost saw this smart chain break coupled with high transaction fees while the binance smart chain might look the better choice it honestly hasnt been put to the test which a high workload to see how it holds up. But for now binance takes this crown.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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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.
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
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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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.
As long as you keep in mind two things. First, the gas is incredibly cheap with Binance Smart Chain and extremely expensive with Ethereum. However, this stands reminding that Binance Smart Chain is not fully decentralised as Ethereum. BSC is only semi-decentralised. In other words, not decentralised. So those are the two main things to keep in mind when choosing a blockchain. Personally I like BSC. Seems safe enough.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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BSC(binance smart chain) is very useful now because of the transaction fee they charge for each holder of the coins in which under by bsc platform anyway. Aside from that, BSC was also useful for the new projects arise here in the cryptocurrency as well to avoid high charge or fee for sure.
For crypto traders, of course, it is very difficult to find which one is the best, because both of them have the quality of their respective smart networks, it's just that now ETH is colliding with gas costs which are relatively more expensive than BSC, but I'm sure ETH will continue to improve to overcome the problem. transaction fees so that the ETH network will continue to develop well, bro.
Most average and small time investors and traders are using BSC by now, gas fee from ERC are killing themand the best alternative is to use BSC and like what you have said, both have unique feature there are still
people who continue to use ERC they are okay with high fees dealing with huge volumes of trades.
And the problem with that most of those small time traders only have small amount of investment, paying $40-$70 is already a pain in the ass. I see your point and if there's nothing that ERC network will improve its expected to see more transfer from that chain to BSC or other networks that can provide the service with a much lower transaction fee.
I sincerely hope that Ethereum can no longer be saved and it is doomed. I really want to believe it. Quote
...a pain in the ass...
I am simply infuriated by the cost of the fees for the transaction, it is ten times more than in competitors. Or even more... 
In my opinion, these two altcoins have their respective advantages and disadvantages, where BSC has very low transaction fees but BSC cannot reach the highest price during this year's bullrun, while ETH even though it has a high fee value does not affect users to transact using the ETH network , the evidence is that the growth of ETH is increasing day by day, so that it can reach its highest price this year, but now I am more inclined to use BSC because I have more assets in the binance chain.
In a simple comparison, of course BSC is much better, transaction fees from Ethereum is definitely overpriced in my opinion, while Binance Smart Chain is definitely convenient, I can't find the actual reason to compare them, I'd definitely go for a BSC transaction and withdrawal, it'll cost me less, that's simply the solution since I am pretty sure that everyone's looking for a cheaper mode of transaction.
Both of these flatfrom have their own advantages and disadvantages, when compared to the current shipping costs of only:
BSC = for low shipping cost
Ethereum = high shipping fee
1. Ethereum is a decentralized centralized network
2. Binance Smart Chain is still under development
BSC = for low shipping cost
Ethereum = high shipping fee
1. Ethereum is a decentralized centralized network
2. Binance Smart Chain is still under development
In my opinion, Binance smartchain is used as an alternative to the ethereum network with the largest time is the high cost of every transaction netted by ethereum. In contrast, BSC offers a lower cost by not making changes because almost simultaneously BSC and eth are the same network.
Since the ETH network has experienced an increase in transaction fees, many ethereum users have switched to the BSC network to avoid expensive fees, because the transaction fees required by the binance smartchain network are cheaper and the process is also faster, but for investment I personally prefer to use ETH over BSC because of the profit provided by ethereum is greater.
Finally, I found a topic where I can vent my anger. The cost of fees on the network is simply not adequate, even if it takes from 6 to 12 dollars to carry out an Ethereum transaction - this is still a lot, but bearable. But if we are talking about transferring tokens to ERC-20, the fees are 40-70 dollars, I'm sorry, but this is not normal. This is the height of stupidity... Obviously, now a huge number of users and developers have moved to BSC. I understand them and sincerely hope that in the next couple of months I will be able to completely end my relationship with the Ethereum network.
For me, Ethereum is a turned page of history, the speed of transactions and transaction fees are no longer a competitor, and this was the most important thing in this network.
For me, Ethereum is a turned page of history, the speed of transactions and transaction fees are no longer a competitor, and this was the most important thing in this network.
And the problem with that most of those small time traders only have small amount of investment,
paying $40-$70 is already a pain in the ass. I see your point and if there's nothing that ERC network
will improve its expected to see more transfer from that chain to BSC or other networks that can provide
the service with a much lower transaction fee.
Finally, I found a topic where I can vent my anger. The cost of fees on the network is simply not adequate, even if it takes from 6 to 12 dollars to carry out an Ethereum transaction - this is still a lot, but bearable. But if we are talking about transferring tokens to ERC-20, the fees are 40-70 dollars, I'm sorry, but this is not normal. This is the height of stupidity... Obviously, now a huge number of users and developers have moved to BSC. I understand them and sincerely hope that in the next couple of months I will be able to completely end my relationship with the Ethereum network.
For me, Ethereum is a turned page of history, the speed of transactions and transaction fees are no longer a competitor, and this was the most important thing in this network.
For me, Ethereum is a turned page of history, the speed of transactions and transaction fees are no longer a competitor, and this was the most important thing in this network.
In my opinion, Binance smartchain is used as an alternative to the ethereum network with the largest time is the high cost of every transaction netted by ethereum. In contrast, BSC offers a lower cost by not making changes because almost simultaneously BSC and eth are the same network.
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Yeah the only reason I prefer more BSC is fees. I have been playing some NFT games on BSC without to worry to much about fees.
I think both has developing & maintaining their system perfectly. Centralized do matters & makes eth one step go ahead than bsc but Expensive & cheap Fee with transaction speed, is the thing that makes the main different Between two blockchain nowadays. Thats the reason, NFT games got most popularity on platform like BSC, matic. But that popularity effect might be seen as a result of high fee on bsc in futureYeah the only reason I prefer more BSC is fees. I have been playing some NFT games on BSC without to worry to much about fees.
If they have one difference, and its Fee, we should choose BSC, but im still in learning smth new about BSC
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Yeah the only reason I prefer more BSC is fees. I have been playing some NFT games on BSC without to worry to much about fees.
I think both has developing & maintaining their system perfectly. Centralized do matters & makes eth one step go ahead than bsc but Expensive & cheap Fee with transaction speed, is the thing that makes the main different Between two blockchain nowadays. Thats the reason, NFT games got most popularity on platform like BSC, matic. But that popularity effect might be seen as a result of high fee on bsc in future Yeah the only reason I prefer more BSC is fees. I have been playing some NFT games on BSC without to worry to much about fees.
Both of them have their pros and cons. In terms of Ethereum, the biggest problem is scalability as it is rather slow and expensive. Talking about binance smart chain, the problem is in its centralisation so BSC is considered to be less reliable. Both of chains have big ecosystems and communities, so you can find all projects that you need on any chain so everything depends on what you value more: scalability or security.
Ethereum is too heavy and hard to use now - because of its huge fees. If you operating with sums below 1000 USD, using ethereum blockchain is insane for you. You will lose half of your capital after several transactions 
well, i did a transaction on Uniswap and it really drained my money. Well, maybe the fee I used for transactions from MEW to return to the exchange was around 20-30% of all the coins I had. well, that probably happened a few months ago. however, currently it seems like people are still having the same problem for ethereum. however, so far, I'm using BSC more often than ethereum. Ethereum is too heavy and hard to use now - because of its huge fees. If you operating with sums below 1000 USD, using ethereum blockchain is insane for you. You will lose half of your capital after several transactions
A few days ago I sent tokens worth $540 and it took a transaction fee of more than $45 to send to the exchange, when I checked to use Uniswap it cost more than $75, for bounty hunters of course this is a big problem and I always switch to BNB to send to a cold wallet to reduce transaction fees.
Ethereum is too heavy and hard to use now - because of its huge fees. If you operating with sums below 1000 USD, using ethereum blockchain is insane for you. You will lose half of your capital after several transactions
Ethereum's gas fees are completely insane. Only those with large sums of money will be able to use it. Binance Smart Chain, although centralized, is a solution to the high fee problem. If ETH continues to experience network congestion, then I'm afraid new projects will switch over to BNB. The alternative smart contract platform (Binance Smart Chain) is already growing at a fast pace since the benefits are numerous. I cannot say that Binance Smart Chain is better than Ethereum or vice versa since they're completely different projects with unique purposes in life. Depending on your needs, will be the type of blockchain network to use for day-to-day payments. As long as these projects have strong community backing, there should be nothing to worry about. Just my thoughts
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