BSC network is very popular to it's professional services, low fee and fast transactions.
Topic: Which is better: Ethereum or the Binance Smart Chain? - page 7. (Read 2857 times)
I won't say which is the best between the ethereum platform and the BinanceSmartChain platform. because for me these two platforms are one of the top platforms in the cryptoqurrency industry.lately I've been using the BinanceSmartChain platform a lot not because I don't like the ethereum platform, it's just that I can't afford to trade expensive fees on the ethereum network.
The cryptocurrency and blockchain industry is often filled with new ideas and concepts, from NFT to DeFi, but even complete beginners have realized that the space itself is much bigger than the sum of its parts. However, the value of a project is often seen in terms of price alone, while other benefits are ignored or poorly understood.
Binance Coin (BNB), the token that underpins the Binance Smart Chain, is one such example: it is often compared to ETH because both coins serve the same purpose, often being considered inferior because it places right below Ethereum by market cap.
more; https://cryptonews.com/news/bnb-vs-eth-the-future-of-the-crypto-industry-9739.htm
Binance Coin (BNB), the token that underpins the Binance Smart Chain, is one such example: it is often compared to ETH because both coins serve the same purpose, often being considered inferior because it places right below Ethereum by market cap.
more; https://cryptonews.com/news/bnb-vs-eth-the-future-of-the-crypto-industry-9739.htm
Although I like Ethereum, I've read a lot about it on Blockster, I like their brief history, but BSC = cheaper fee and that's probably one of the reasons to prefer BSC now. https://blockster.com/blockdesk/1217_bitcoin-vs-ethereum-a-brief-history
ethereum is still the best in my opinion because ethereum is a strong platform and is able to increase its quality both in price and volume across the crypto market. Although currently the transaction fees are more expensive than Binance Smart Chains, ethereum prices will continue to increase in the future and I am sure that someday ethereum transaction fees will recover.
Although Ethereum has increased in gas fees, the same thing is happening with BnB, they're also increasing in fees.But in many terms, it is still Eth that gets the lead. As a counterpart of the high gas fees, it is not odd to see those while the price is at high.
Hopefully, fees for both chains will decrease over time.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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ethereum is still the best in my opinion because ethereum is a strong platform and is able to increase its quality both in price and volume across the crypto market. Although currently the transaction fees are more expensive than Binance Smart Chains, ethereum prices will continue to increase in the future and I am sure that someday ethereum transaction fees will recover.
The Ethereum platform and the Binance smart chain platform are very popular on these two platforms. However, due to the substantial increase in the transaction gas fee for the Ethereum platform, people are now reluctant Binance likes the smart chain platform a lot. This is the reason why the platform is now popular from the Etherium platform.
Both chains allow writing smart contracts in Solidity and they are 100% compatible with each other.
What now needs to be chosen is the community and the transaction costs. Currently, BSC has a much lower transaction fee than Ethereum. That is the first advantage.
The BSC and Ethereum communities have been evenly matched since the launch of BSC. Many projects have migrated from Ethereum to BSC so there is a balance of community between the two blockchains.
Ethereum has greater decentralization because it is mined by miners. They also have many long-term development projects. BSC is still new and hasn't reached the depth of Ethereum. Personally, I would choose BSC because the transaction costs are very cheap.
What now needs to be chosen is the community and the transaction costs. Currently, BSC has a much lower transaction fee than Ethereum. That is the first advantage.
The BSC and Ethereum communities have been evenly matched since the launch of BSC. Many projects have migrated from Ethereum to BSC so there is a balance of community between the two blockchains.
Ethereum has greater decentralization because it is mined by miners. They also have many long-term development projects. BSC is still new and hasn't reached the depth of Ethereum. Personally, I would choose BSC because the transaction costs are very cheap.
I can't join to speak highly of BSC now, the primary reason BSC is gaining many popularity is basically because of the low fees nothing special. After all, it's more a copy of ETH network. And I respect ETH as it keeps developing its system and advancing their services.
I think we should always take advantage. If the transaction fee of ETH network was not out of our reach, then maybe BSC network would not have been born. Now BSC network is a good competitor of ETH. The development of the ETH network has been going on for almost a year and last 5 August. But in reality these developments have not yet been able to reduce its transaction fee. Thanks CZ for creating BSC.
Both coin are better and both coin have bright future but now it's time to binance smart chain because ethereum price is alsmot high so invest in ethereum netowork may b risky but binance smart chain price is affordable and easily invest in this so buy this now and hold for great profit
Presently I would pick the Binance smart chain over ethereum, and that is better Binance Smart chain is an upgrade or improvement over ethereum in times of transaction fee and the speed of the transaction. BSC was created specifically to resolve the issues most people have with the ethereum in terms of gas fee.
ETH gas fees make people got mad and they have found the BSC platform. A lot of people had moved already but many were still left and still using ETH. As we look into the chart, BSC has already had a huge number of transactions compared to ETH giving some insights that this project giving such a solution in regards to high fees. As the ETH upgrade has been done, it is a little bit exciting what it has the effect on the fees. I was looking forward to helping it out and gives a solution otherwise it pushes all traders and investors to leave ETH.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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Binance supports TKO. Assets will be published on the Binance Smart Chain blockchain. TKO is designed with various benefits, including lending and staking services. Whereas Ethereum has a clear founder. In addition, ethereum is also developed by many developers. With that, ethereum has become one of the most trusted platforms.
I think these two platforms are equally good.
Definitely Binance Smart Chain ahead form ether due to several reasons one of them is transection fee. Few days ago we see high trisection on ether platform one the other Binacne Smart Chain offers cheap transection fee. If you look into new projects most of them are run by the BSC platform.
Any way both coin are best but Eth transection fee is high so people don't like this and that's why some project build on Eth base but binance smart chain is more popular coin which have low transection fee which every one like and most of the project build on binance smart chain so I recommend binance smart chain is best
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
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Now that Binance Smart chain has become less transaction fees, it has become more popular and many projects are bringing their projects using this platform. But Ethereum's contact address has more features than BSC which makes it still very popular. So I think Ethereum platform is very reliable and popular among potential investors 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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Because BNB was also born from Ethereum smart contracts in the past so in terms of smart contracts, Ethereum still can't be matched by others, even though Ethereum can lose in terms of fees, because if Ethereum can be cheaper in terms of fees, then who will use BSC at this time ?
Main advantage of Binance Smart Chain is the fee and that's right, many people moving to Binance Smart Chain because they can't get the burden paying so much money just for the fee but after fee of ETH reduced sometimes ago, people still using BSC maybe a lot of people are now used to using BSC and consider ETH as alternative only.If both ETH and BSC have good projects like NFT in it then there is no use thinking which is better, because both can also be good.
From my point of view, Ethereum is better than Binance Smart Chain, because most Binance Smart Chain projects are scams. But etherium-based projects are not much of a scam. But now some traders and investors are turning to other platforms due to Ethereum's excess gas.
There are a lot of hacks in the BSC network, this is already becoming a trend.
the cycles are lengthened, and each subsequent cycle is longer than the previous one. Therefore, I do not think that we should expect something in 2025. It is difficult to say whether this will be so.
hacking case not only happen in bsc network but in other platform we see it too, ethereum many times hacked too and maybe this number bigger than bsc case.the cycles are lengthened, and each subsequent cycle is longer than the previous one. Therefore, I do not think that we should expect something in 2025. It is difficult to say whether this will be so.
Different kinds of blockchain have the opportunity to switch from blockchain. BSC is low cost and faster than Ethereum blockchain. Now I would like to use BSC instead of ETH blockchain. Although we should remember that the new blockchain must have a better opportunity than the older one. Ethereum 2.0 will solve all the problems in one year. Definitely, Ethereum is the most popular blockchain till the next year.
ethereum will always popular not limited till next year. why bsc going bigger and massively growth ,because they got support from binance community which is very satisfied with this exchanges before. this is other reason that not discuss yet.
Many already know some differences of the two coins, ethereum has the high fee in a transaction, then binance smart chain has lower fees compared to ethereum network. However it is not only measured by that, for me better is when it has the potentials of gaining profits for investments even if it is long term. The two coin, ethereum has more potential in terms of price and volume and in terms of long term investments.
Different kinds of blockchain have the opportunity to switch from blockchain. BSC is low cost and faster than Ethereum blockchain. Now I would like to use BSC instead of ETH blockchain. Although we should remember that the new blockchain must have a better opportunity than the older one. Ethereum 2.0 will solve all the problems in one year. Definitely, Ethereum is the most popular blockchain till the next year.
Well, I am still loyal to the old Ethereum blockchain and for me, they have different usage. The BSC blockchain network is good for trading purposes only in order to save fees but it is not good to hold a long period of time like a coin of investment not just like the old Ethereum which has the potential that it will grow multiple times in the future since it is a leader of all altcoins right now. BSC is very popular because it is commonly used by traders and Binance is a very popular trading site to use and BSC is a copy cut of the Ethereum network which does not look good at all.
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