Topic: Which is better: Ethereum or the Binance Smart Chain? - page 5. (Read 2857 times)
For now it's a smart chain binance. Because the low cost becomes one of the advantages of this network. And also this network is made to properly fix the current ethereum network problem.
Binance Smart Chain is better In the United States, in general, cars with a volumetric engine are popular. Jeeps / pickups. There are more trains in the Northern Fleet and the vicinity
Today we are entering the smart contract blockchain wars. Here one of the most important fact is “Transaction fees”. Historically, Ethereum gas fees have been much higher than ones on BSC.
That's right Bro, Today we are entering the smart contract blockchain war. But still the transaction fee of Ethereum network is much higher than that of Binance smart chain. So day by day Ethereum platform is going to lose popularity and will lose more. Because everyone is now using Binance network instead of Ethereum network to avoid additional transaction fee. Because Binance Smart Chain is perfect in all respects.
Ether is played by the rich. BSC can be played by anyone.
No. ETH isn't used by the rich people only, all people with any economic level are using it. Using ETH or BSC doesn't determine by the economic level or status of the user, but it depends on the need. If the network option is ETH only, how can we use the BSC network? 
BSC has a stronger money-making effect, but the spirit of Ether’s blockchain is stronger
Do you assume BSC is chosen by more projects than ETH nowadays? I think you cannot conclude this if you have no data. You need to make a research before saying BSC has bigger money-making impacts. For now, I don't believe what you claim is true.
There is no good or bad. Ether is played by the rich. BSC can be played by anyone. BSC has a stronger money-making effect, but the spirit of Ether’s blockchain is stronger, but I think Polkadot is more interesting to me.
No one is saying about badness of the two but it's about what we don't like, the fees. Ethereum has still on its high fees despite all of the updates that has been done but maybe it's not really for the lessening of the fees.On BSC, it's for everyone but once it gets network traffic, it'll be the same as Eth's with the fees.
Personally, I use Binance Smart Chain, as my capital is comparatively small, so I can't afford such high transaction fees. And in terms of Binance Smart Chain, it is very cheap and fast, moreover there is a sufficient number of projects on this blockchain, so I don't feel a lack of instruments. On the other hand, Ethereum is safer of course, but maybe I will start using it when Ethereum 2.0. launches, but now it is still too expensive for me.
Small time traders will aimed for much cheaper fees, with how BSC is working now and with lots of available projects inside,Traders are now moving and starting to enjoy this alternative chain. It's more about how you seek for available potential assets
that will allow you to gain profits.
Your personal experienced between these two available chains will let you decide which is better, as everyone has their own opinion about it.
The main reason everyone is moving to Binance smart chain is because of the high fees of Ethereum while right now the BSC (Binance smartchain) have Cheap fees but they are totally centralized network hopefully we get a long term solution Eth expensive fees for each and every transaction and also the ethereum network is still totally decentralized compared with BSC.
Personally, I use Binance Smart Chain, as my capital is comparatively small, so I can't afford such high transaction fees. And in terms of Binance Smart Chain, it is very cheap and fast, moreover there is a sufficient number of projects on this blockchain, so I don't feel a lack of instruments. On the other hand, Ethereum is safer of course, but maybe I will start using it when Ethereum 2.0. launches, but now it is still too expensive for me.
In my opinion, these two platforms should not be compared, but investors need to learn about them well when participating. If we consider daily transactions, there is a big difference between the two chains. On BSC, users transfer money and interact with smart contracts faster and more cost-effectively. Meanwhile, Ethereum has never exceeded 1.75 million daily transactions. For users who need to transfer funds frequently, BSC seems to be the more popular choice. BSC and Ethereum both use a gas model to calculate transaction fees and measure the complexity of a transaction. BSC users can set gas prices according to network demand, and miners will prioritize transactions with higher gas prices. Historically, Ethereum gas fees are much higher than those on BSC. Obviously, there are a lot of similarities between Binance and Ethereum. One of the reasons is to make it easier for Ethereum users to migrate and start testing on BSC. But despite the similarities, BSC has adopted significant changes to try to improve performance and efficiency.
There is no good or bad. Ether is played by the rich. BSC can be played by anyone. BSC has a stronger money-making effect, but the spirit of Ether’s blockchain is stronger, but I think Polkadot is more interesting to me.
In my own opinion, I will say bsc because I will rate it base on transaction fee, and transaction time.
Bsc has a very very lower fee than that of eth, bsc execute a fast transaction currently than Eth, before you can execute any transaction on eth network you should budget about 15-60$ worth of eth but its not so on bsc, bsc gives room for cheaper transactions and easy time access.
Bsc has a very very lower fee than that of eth, bsc execute a fast transaction currently than Eth, before you can execute any transaction on eth network you should budget about 15-60$ worth of eth but its not so on bsc, bsc gives room for cheaper transactions and easy time access.
Binance Smart Chain network is better than the Ethereum network, the reason why I prefer binance smart chain because the transaction fee is very low compared to ethereum. The ethereum network is still having a problem of the gas, it's still keeps high. I don't want to pay $20 fee for just one transaction, it is very expensive for me.
I believe both are the best platforms but nowadays most of the new projects opting Binance Smart chain due to the less gas fee but I feel BSC gas fees will also increase when it will rise to ethereum level. We are paying less fees because the value of BSC is very less as compared to ethereum. I hope in the long run ethereum dev will also try to reduce the gas fees.
Both are the best platforms but there are advantages and disadvantages to each. I'm only describing here based on my own opinion so BSC has the advantage of being low in cost while ethereum has a stronger advantage than BSC because eth is an old platform. well from here it can be concluded based on personal choice, must choose ethereum or bsc
One of the reasons why most people are using Binance Smart Chain (BSC) is because of very low transaction fee when compared to ETH. It is really a significant factor for most of us. However, in terms of deploying DApps/DeFi on Blockchain, ETH is the champion. We note that Ethreum has been there for long before BSC. That is one of the reasons Ethereum is still waxing strong despite the relatively high gas fees. Though Ethereum team is working towards lowering the gas fees (Ethereum 2.0), Binance Smart Chain will still be a preference for most new tokens in establishing smart contracts because of the low transaction fees. The two may not be compared exactly because they somewhat perform different functions: one factor may be better than the other and vice versa. For now I prefer to use BSC because of the low transaction fees.
It all depends on your goals. The BSC network is very pleasant due to the extremely low fees, the Ethereum network in this matter is extremely expensive, especially in the afternoon.
The gas price always rises, sometimes to unimaginable limits. However, the Ethereum network is more secure and has fewer smart contract hacks.
The gas price always rises, sometimes to unimaginable limits. However, the Ethereum network is more secure and has fewer smart contract hacks.
I personally prefer to use the BSC network over the Ethereum network because gas fee is cheaper and the transaction validation process is much faster than Ethereum.
Agree on this one!Basing up with real experience between platforms then i do already like on how BSC performs.It is indeed almost instantaneous when it comes too confirmation plus very cheap fee which is almost close to free.
but this wont really be an enough reason on which people would leave out ETH specially now that it does have burning mechanics which is something revolutionary and when it comes to real-use
then we cant really deny that smart contracts is something that cant really be ignored.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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Ethereum Blockchain and Binance Smart Chain are two platforms that are almost 100% similar. If you visit Blockscan and paste your wallet address, it will display two different blockchains. Apart from these similarities, even we can accept BSC tokens to Ethereum wallet addresses, just need to change the mainnet system. If you use a Trust Wallet, then you don't need to do anything, you can deposit tokens from both blockchains.
Talking about transaction fees, I think both platforms have almost the same fee, which is 0.001. Well, why is the BSC fee often said to be low, because the price of BNB is still low, if the price of BNB is equivalent to Ethereum, the fees incurred are also the same.
Apart from that, Ethereum Blockchain and Binance Smart Chain also have decentralized platforms. Like Uniswap (Ethereum smart contract) and PancakeSwap (BSC Smart contract).
I personally prefer to use the BSC network over the Ethereum network because gas fee is cheaper and the transaction validation process is much faster than Ethereum.
Recently there is a huge migration of projects from ERC20 to BEP20 and Polygon with the simple fact that the gas cost of the ETH network is too high, forcing many projects to switch to other platforms to save money save costs for the project, and transactions become more convenient, usually each time sending tokens on the ETH network will usually cost from 8$ or more excluding each swap on uniswap, sometimes at the peak of a swap up up to $400 this is crazy, isn't it guys.
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