Which is better: Ethereum or the Binance Smart Chain? - page 6.

Koutami

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Quote from: Mr.Noda on September 06, 2021, 03:59:44 PM

Personally, I chose binance for myself. Primarily due to low fees and fast transactions

Same here, im never interacting with Ethereum blockchain anymore after the gas issue comes, my tokens in the Ethereum platform are not much so the fees will just eat them all.

DOH!

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In fact, I feel disheartened and disappointed if ETH converts to POS in the near future. However, in this situation, I will still choose ETH first over BNB, but in the future there is no guarantee because the growth rate of BNB after BSC launch is very fast.

Mr.Noda

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Personally, I chose binance for myself. Primarily due to low fees and fast transactions

abralzain17

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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.

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Ethereum ecosystem has a very high growth rate and it will surely dominate in the near future causing transaction fees in ethereum to increase, and this is a problem for the Eth platform. even though what is experienced by the ERC20 platform as I mentioned, until now I still rely on the ERC20 Platform because of the level of security that is trusted, has more supporters and is decentralized that Ethereum has.

criket

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Quote from: Banulit on September 06, 2021, 07:45:35 AM

Even we have seen a demand of binance smart chain in crypto-world as of the moment still I am rooting for Ethereum and for me ethereum blockchain is still the best blockchain to use for transaction.

for clear transactions, you choose the wrong if ethereum is the best.
there are considerations of transaction fees there that have not been resolved by ethereum. and the best solution is in the BSC.
but in terms of technology and market development, ethereum is still the best.
I use both for day trading on DEX. The biggest consideration is in transaction fees.

Banulit

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Even we have seen a demand of binance smart chain in crypto-world as of the moment still I am rooting for Ethereum and for me ethereum blockchain is still the best blockchain to use for transaction.

Gayong88

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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.

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In essence, I enjoy both. I'm only trying to modify according to evidence and realities.

- Binance Smart Chain was established in September 2020, and despite the fact that it is only a year old, it has already grown by tens of thousands of users and daily transactions.

As a result, Binance will have a year to familiarize the bulk of crypto DeFi customers with the Binance Smart Chain.

- ETH 2.0 offers a slew of new features and is unquestionably superior to Ethereum's previous version.

If I'm not incorrect, the application of large transaction fees is generally caused by the token's price, which is still extremely low.

globalpain

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Quote from: blockman on March 30, 2021, 04:43:58 PM

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.

this is a common reason. but actually there are still more specific comparisons. I don't think ethereum and BSC should always be compared because there are advantages and disadvantages to each of the two platforms. if we only talk about the price and transaction fees, it may be clearly different, but more specifically, that's what the thread writer needs

It's true that when we analyze it in general, of course the first thing that comes to mind is the transaction fee,
Indeed, Binance smart chain transaction fees can be said to be much cheaper than Ethereum,
but apart from that I think it's much better when we analyze it more deeply

midaslordes

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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.

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Well as of the moment I think Binance Smart Chain is better in terms of affordability and conveniency knowing that the gas fee of BSC is so much lesser than Ethereum blockchain.

wmbst

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I love BSC for it's cheep prices.But BSC is not a decentralised chain. It is a pure binance chain.
Also the ETH developer community is much bigger.

So what is better? Huh

It depends, what is important for you. But once Ethereum has a solution for the huge fees, it will be hard for BSC.

wajik-tempe

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Quote from: blockman on March 30, 2021, 04:43:58 PM

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.

this is a common reason. but actually there are still more specific comparisons. I don't think ethereum and BSC should always be compared because there are advantages and disadvantages to each of the two platforms. if we only talk about the price and transaction fees, it may be clearly different, but more specifically, that's what the thread writer needs

The fee issues is the main comparison thing that always used by many people when comparing this 2 great tokens.
BSC is cheaper is maybe because it's newer than ETH and the network is still fresh because tokens under this network is not as many as tokens under the ETH network.
More over, the ETH is enhancing their network platform with the biggest enhancement from them which is ETH 2.0 so i think it will have a breakthrough and it will compete back it's competitor which took ETH's throne before

coin-investor

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If I have a choice between the two at their current status, based on fees and fast confirmation I consider Binance Smart Chain a better one but that doesn't mean that Ethereum is not good anymore, it's still good it's still preferable but still waiting for them to fix the fees, I have a hard time trading on DEX with those fees, I missed trading using Ethereum on a 10 cent fees.

finaleshot2016

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It's obvious that the answer here is ETH, I dont want to compare both of them because even we compare them and know who's the best, we still continue to use both of them. Let's disregard the fees, advantages and disadvantages of ETH and BNB 'cause for me, I'm using both of them depends on the projects I want to join.

juanda

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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.

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in my opinion so far the best is ethereum because ethereum has the ability to create cryptocurrencies in the form of "tokens", so that they can be used to make transactions with certain restrictions. although the Binance smart chain also has the same capabilities, Ethereum is earlier than Binance.

herizal85

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The transaction costs at ethereum are expensive while the BSC is a cheap transaction charge. But this goes back to the person each of us wants to choose which, and for me I prefer ethereum because the first time I knew altcoin that was ethereum

nurilham

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Considering the amount of gas fee, I think Binance Smart Chain is better right now. I don't know why the Ethereum chain requires very expensive fees, it is very annoying and makes us not comfortable. Binance Smart Chain provides the solution with a low gas fee for transactions. So, there is no reason that we call Ethereum chain is better. Except, Ethereum team wants to make the gas fee to be cheaper again. And the transaction must be faster as well.

Stunzz

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I always will choose Ethereum ahead of BSC anytime, anyday. Although ETH fees are crazily high but its more upgraded than BSC in many ways. Gas fee is just a lame excuse.

adzino

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in my opinion, currently Binance smart chain is better than Ethereum, although it is undeniable that Ethereum is a pioneer of smart contract system, but for now the gas fees from Ethereum are very expensive, so that's what makes people no longer interested in using Ethereum, so nowadays many new projects are using platform from Binance smart chain, that's why I prefer Binance smart chain rather than Ethereum at this time, because gas fees from Binance smart chain are lower than Ethereum.

Why do you think Binance Smart Chain is better than Ethereum? Is it just because of the fees? Yeah, right now Ethereum fees are totally crazy. Nobody would want to spend $15 in fees for just making a small transaction. But that doesn't mean Ethereum is bad. The problem with BSC is centralization. All nodes are controlled by the same entity making it completely centralized. Would you like to give up decentralization just for the fees? Wait till Ethereum starts to scale better. I am sure everyone will jump back to ethereum network leaving BSC behind.

xzone

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Ethereum is more communities and is already trusted as the best platform for altcoins, it is evident from its development to date. I really admire Vitalik the owner of ethereum, he is very smart and serious in developing ethereum. But we also have a BSC where BSC is also very well known for its low transaction fees and is currently a solution for new projects.

Of course, we love ethereum, but now paying high fees is very annoying. Whenever the market moves, gas suddenly gets very high and we don't want to transfer coins. It's currently around 150 gwei, unless you're transferring something high priced it's better to wait. With BSC, we can send coins by paying just a few cents

So i choose BSC, cheap and easy

DibiaVxosis

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Quote from: blockman on March 30, 2021, 04:43:58 PM

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.

The ethereum network was really a good one and can't be compared to any other network until it got congested which led to the high prices in fee and slow transaction. The BSC network was created to solve this issue and it has been gaining more utility and traction which we could possibly say it's better than the eth network in terms of transaction. Let's also note that ETH is still at the lead and can't be over looked because of it's short coming.

Topic: Which is better: Ethereum or the Binance Smart Chain? - page 6. (Read 2788 times)