Which is better: Ethereum or the Binance Smart Chain? - page 4.

harizen

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Quote from: iamwarhawk on September 30, 2021, 11:17:52 AM

This question has a really simple answer, Binance smart chain is the straight winner because of the fact that it's really efficient and requires really low transaction fees as compared to Ethereum, whereas for me in ethereum it once required a 29$ gas fee for a 10$ transaction [it may differ for you] which is really high and I won't recommend it for sending and receiving a small amount of assets.

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.

savetheFORUM

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Quote from: SyndicateLabs on October 01, 2021, 12:39:49 AM

Quote from: iamwarhawk on September 30, 2021, 11:17:52 AM

This question has a really simple answer, Binance smart chain is the straight winner because of the fact that it's really efficient and requires really low transaction fees as compared to Ethereum, whereas for me in ethereum it once required a 29$ gas fee for a 10$ transaction [it may differ for you] which is really high and I won't recommend it for sending and receiving a small amount of assets.

It's just your opinion, and newcomers to the field don't accept ETH-based fees. Agree that BSC is solving the current problems in the market very well, but the dominance of ETH in this market is too great when most fields have ETH presence. Personally, I'm not too discriminating about which is better to choose, I simply choose both.

Choosing both is very good because we are now have some more and these are bringing some healthy competition, which is very important for crypto growth. Few years back we were only depended on Ethereum now we can go on some others with much better and good features but still Ethereum is biggest in market even peoples not happy with higher fees.

BSC is backed by biggest exchange and centralized but on other side Ethereum is going with big market and have decentralized but higher fees which is surely coming down even taking some long time, but team will do some better because without this now It's hard to stay on top in market.

yehestielsiburian

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Maybe this is a less specific question. But I will help answer. ETH and BSC cannot be compared, because they are not apple to apple, because BSC is built on the Ethereum Blockchain.

Ethereum is the Mother of BSC.

The advantage of BSC is that it currently has fast transactions and much cheaper transaction fees than Ethereum.

If you ask, which is better BSC or ETH?
Two of them are the best, depending on what you want to use it for. I hope this helps

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Quote from: milewilda on September 30, 2021, 03:28:48 PM

Quote from: fuguebtc on September 30, 2021, 11:56:53 AM

BSC is dominating against ETH because the gas fee of BSC is lower than ETH, but that doesn't mean BSC is better than ETH. The crypto community is eagerly waiting for ETH 2.0. ETH2.0 will move completely to PoS, which will help Ethereum 2.0 improve transaction speed, process multiple transactions, reduce congestion, and provide multiple applications running on the Ethereum platform.

Dominating on some point but wont really be enough on overtaking ETH on the 2nd spot on the entire market which means it isnt really that much good considering on community demand basing up on what we are seeing.
We cant really deny that BSC is really something great when it comes to real use case but we cant also deny on how great smart contract is which means they do serve out different markets on different needs on people
here on this market.I dont see the point about some competition because the better will always be on top of another one but doesnt mean that theres no chance of overtaking it.

to be clear, both ethereum and BSC are still being used today, and both are still very good and worth using. each outweighs its advantages and disadvantages. only, BSC is still under ETH. although currently the use of BSC dominates, but the fact is that ethereum is still at a higher volume. we don't know in the future, but currently ETH is still above BSC even though the fee is quite expensive. personally, I use both, and love it. no need to look better, because both are already very good. just look for one that is comfortable to use, and profitable.

SyndicateLabs

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Quote from: iamwarhawk on September 30, 2021, 11:17:52 AM

This question has a really simple answer, Binance smart chain is the straight winner because of the fact that it's really efficient and requires really low transaction fees as compared to Ethereum, whereas for me in ethereum it once required a 29$ gas fee for a 10$ transaction [it may differ for you] which is really high and I won't recommend it for sending and receiving a small amount of assets.

It's just your opinion, and newcomers to the field don't accept ETH-based fees. Agree that BSC is solving the current problems in the market very well, but the dominance of ETH in this market is too great when most fields have ETH presence. Personally, I'm not too discriminating about which is better to choose, I simply choose both.

matchi2011

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Quote from: fuguebtc on September 30, 2021, 11:56:53 AM

BSC is dominating against ETH because the gas fee of BSC is lower than ETH, but that doesn't mean BSC is better than ETH. The crypto community is eagerly waiting for ETH 2.0. ETH2.0 will move completely to PoS, which will help Ethereum 2.0 improve transaction speed, process multiple transactions, reduce congestion, and provide multiple applications running on the Ethereum platform.

With the anticipation coming from ETH 2.0 there are still supporters who continue to support and use ERC, developers still consider this chain as superior and even the fees is too high, they are not being bothered believing that it will be adjusted to a much considerable amount after the update happened, but it indeed that there are now investors and developers who switch chain and enjoying BSC, with lesser transaction fees and much faster transmit.

milewilda

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Quote from: fuguebtc on September 30, 2021, 11:56:53 AM

BSC is dominating against ETH because the gas fee of BSC is lower than ETH, but that doesn't mean BSC is better than ETH. The crypto community is eagerly waiting for ETH 2.0. ETH2.0 will move completely to PoS, which will help Ethereum 2.0 improve transaction speed, process multiple transactions, reduce congestion, and provide multiple applications running on the Ethereum platform.

Dominating on some point but wont really be enough on overtaking ETH on the 2nd spot on the entire market which means it isnt really that much good considering on community demand basing up on what we are seeing.
We cant really deny that BSC is really something great when it comes to real use case but we cant also deny on how great smart contract is which means they do serve out different markets on different needs on people
here on this market.I dont see the point about some competition because the better will always be on top of another one but doesnt mean that theres no chance of overtaking it.

devil2man

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obviously the eth blockchain is better, it has more tokens, more nft, more articulated smart contracts, it is more widespread among users but currently it has one big flaw, the transaction fees are very high and do not stabilize, the bsc blockchain is centralized it has few validators and few tokens but has very low fees

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Quote from: TheBitcoineers on March 30, 2021, 04:25:20 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.
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'no'

Both are good as coins that exist in cryptocurrencies and are recognized by all parties. Both have advantages and both coins also have disadvantages.
But nowadays many people choose to use Binance Smart Chain because Ethereum gas costs are expensive compared to BSC gas costs. In that case, if people judge in terms of profit and loss, then choosing BSC is more profitable at the time of transaction than Ethereum.
If I'm wrong please suggest.

Jaered

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For me, I would go with the BSC 100%. Why? The Ethereum platform is getting stifled with the seriously inflated gas prices, in fact gas prices got up to $100 for some exchanges, which was really annoying. EIP 1559 was touted to reduce the inflation but it did precious little to mitigate the scourge. Besides that I think the BSC may be faster in transaction speed

fuguebtc

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BSC is dominating against ETH because the gas fee of BSC is lower than ETH, but that doesn't mean BSC is better than ETH. The crypto community is eagerly waiting for ETH 2.0. ETH2.0 will move completely to PoS, which will help Ethereum 2.0 improve transaction speed, process multiple transactions, reduce congestion, and provide multiple applications running on the Ethereum platform.

iamwarhawk

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This question has a really simple answer, Binance smart chain is the straight winner because of the fact that it's really efficient and requires really low transaction fees as compared to Ethereum, whereas for me in ethereum it once required a 29$ gas fee for a 10$ transaction [it may differ for you] which is really high and I won't recommend it for sending and receiving a small amount of assets.

Orange89

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Both are Still best From Starting Eth had been developed to support the smart contracts, dapps using their EVM , Ethereum native token is ETH that's used to pay for the processing power of EVM in Running for the Smart contract but the only problem is Gas fees on the ETH network that's quite high and these problem is solved by BNB it had just shown amazing growth and it is one of the best investment of the 2020 and major project nowadays coming in the Binance Smart chain which also make their token to grow so high, Many project are still waiting for the launch of Ethereum 2.0 , I Really Think with Ethereum 2.0 The major concern of ETHEREUM that's Gas fees can be resolved and we can see a lauch of many project that's are waiting for it and also more IDO will be switched to ETH network

suryogandul

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Quote from: yazher on March 31, 2021, 07:56:31 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.

Another reason that BSC differs from ETH is that currently new projects prefer to use the BSC platform because BSC is easy to reach many parties through swap sites such as pancakeswap and BSC is the best updated platform to date. because we know many successful project concepts using the BSC platform. but it is rare nowadays to use ETH because of the high cost.

noah tall

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The main difference is gas fee. Binance Smart Chain has very low fee and Ethereum has expensive fee, that many users can't afford. So Now use of Ethereum Network is decreasing.

superman184

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Quote from: TheBitcoineers on March 30, 2021, 04:25:20 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.
'

Ethereum and Binance Smart Chain have different uses. On Ethereum, users can create smart contracts. But what does the BSC actually offer? Just a much smaller transaction fee than on Ethereum? So basically BSC if better just because of Ethereum's high fees? What happens if Ethereum fees become the same as in BSC? BSC will become useless and will lower the price of BNB.
Binance Smart Chain is the best especially they have things to develop their current capabilities in the coming years as they keep updating their products especially their services. The main reason it is better than ETH is because of its cost and convenience to use. Anyway, if ETH loses its current popularity, I'm sure there will be a lot of people who will go to Binance Smart Chain because they already know how their service guarantees maximum security.

marine4u

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Ethereum is still better with a large user base and pioneering defi. ETH is increasingly developing and perfecting in the direction of POs, there are still many people who do not support this direction but anyway ETH to me is still the face of altcoin even though competitors like Sol, ADA, BNB are also improving improved and flourished.
I support evolving competition for layer 1 blockchains but I am confident and biased in the future success of ETH.

Cornia

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Quote from: mr500 on September 29, 2021, 12:53:17 PM

Basically I don't see any difference accept extra gassfee. Historically, Ethereum gas fees have been much higher than ones on BSC. The highest average seen was in May 2021 at $68.72. This trend has begun to change, but Ethereum is still currently more expensive.

In addition to the extra gas fee, there is another difference that is the transaction speed. High transaction speed with lowest fee in Binance smart chain. So I prefer this network more than Ethereum network.

mr500

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Basically I don't see any difference accept extra gassfee. Historically, Ethereum gas fees have been much higher than ones on BSC. The highest average seen was in May 2021 at $68.72. This trend has begun to change, but Ethereum is still currently more expensive.

geegaw

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One of the common difference between Ethereum and Binance smart chain is the transaction fees, one of the most important for every people who explore cryptocurrency is having the low transaction fees, so for me I will go to Binance smart Chain, as i also have more coins investing in a smart chain compared to the Etheruem.
People will always prefer to spend little money on transaction fees.

You can also make a small investment under a smart chain compared to ETH.

Less spending on miscellaneous fees is the meaning for what we get there will be more integrity, instead of a big mutilation, those who transfer less will get almost nothing from the mutilation while those who transfer a lot will experience a drastic reduction in their original integrity, pretty condolences to ethereum but that seems to be just a temporary layout and no war yet. An override and miscellaneous cost and capacity optimization would be a declaration of war, BSC may need to issue a reflection on this new challenge

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