Which is better: Ethereum or the Binance Smart Chain? - page 10.

TelolettOm

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

I am not sure which one is actually better. Ethereum network is one of the oldest networks so far and has been used by numerousERC20 projects. But currently, the fee is very high which made me dizzy every time should send the ERC20 token.
On the other hand, BSC is new enough compared with the Ethereum network, it may still have some weakness. But what I really like from this is the fee is still very low. I don't know if it will rise up someday. But forme these days, I think I will prefer to BSC network.

Silberman

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

What do you mean by better? Are you comparing them on the time you need to get your transaction confirmed? The fees you need to pay to make a transaction? Their developers? Their usefulness? Their long me potential? Or something else? After all if we were to consider several characteristics of each one of those coins we will find that in some aspects ethereum is superior while in others BNB is the best out of the two, so your question is too general to be answered accurately.

FLoving

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

By platform you mean one of them for a project to be developed or to join the project developed by one of them. Then nowadays the competition of both of them are going very well both of them are better from each other in one feature or in another. BSC is new born and smaller than ethereum but people often adopt it because it has low transaction fees and users find it better for themselves to adopt it and in this way the investors invest with them. On the other hand ethereum is bigger which influence users but because of high fees people only select to invest and find it costly to use the coins on it but this platform got bigger support from polygon which enable the users to transact without high fees. The developers of Ethereum are also in the struggle to reduce the gas fees.

jossiel

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No one will go with Ethereum if considering network fee on ETH, because in comparison BSC provided very lower transaction fee where ETH gas fee is extremely higher so that BSC is getting more attention from users.

That is true. Everyone will just look at ETH for having high network fees. While for the BSC network, we all see how cheap its fee compared to the main chain of most projects.

But in terms of success, I'd say that it's Ethereum and it's more decentralized than BSC.

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Just fee is unfair in ETH so small investors can't afford it otherwise still this one is very popular chain.

Unlike in BSC, even you're going to send $1-$5, you won't think of the fees because they're just centavos.

el kaka22

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I have always prefered ETH when asked "which is better" but I end up using BSC because it is cheaper.
I know that sounds like a hypocrisy to many people but I just do not have the funds to use ETH, that is why.

I would also prefer to have 1 BTC but I only have 1 ADA instead (example), not because I prefer ADA, but because I can't afford BTC, same idea. If I had a lot of money and did not worry about the transaction fees then I would be able to trade with ETH or use projects in the ETH network, and I seriously think that it is much better.

Not in any tech way, I am sure that BSC is as good as it gets when we are talking about blockchain technology but when we are talking about decentralization, BSC is highly centralized and all based around Binance and CZ, whereas ETH doesn't have that, even Vitalik could be told to go off if people dislike his idea.

YinShuiSiYuan

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

Ethereum is by far the largest platform for providing smart contracts in the cryptocurrency market. Mainly for a very simple reason, i.e. it has been on the market for the longest time. The fact that a large number of projects and users at the same time use this network has made transaction fees enormous, making Ethereum impractical for microtransactions. The Binance network is a copy of Ethereum but with some minor changes that make transactions faster and cheaper. At the moment, the Binance platform is more practical. However, everything will probably change after the implementation of Ethereum 2.0, which will take place soon.

Daodex

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

Ethereum is the best but BSC came to solve the gas fee issue as we know it, to me presently one can't do without the other so I don't hate any, the only difference is gas fee, in future if Ethereum solves this high gas fee issue I don't know what the fate of BSC will be.

Ararbermas

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

if we will gonna make a comparison probably for now binance smart chain in my personal opinion wherein since BSC network has a very low fees nowadays and as usual ethereum still not fair since the day fees increasing too much until now.. Infact a lot of people are now using bsc network because of that reason. So for now binance smart chain is better than ethereum.

TimeTeller

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Quote from: Reid on February 07, 2022, 12:28:40 PM

Ethereum have worked their way to be in this position. Roots are important especially in the cryptocurrency industry. That means a highly trusted company/being is behind it unlike any other altcoin that was created which will be dead in a few years. That's why I pick them as my second asset next to Bitcoin.
But, when you are making a lot of transactions by now you should try something else because Ethereum is in difficult times with high tx fees. That's where Binance Smart Chain comes in. Ethereum will always be better but patience is needed up to the completion of their change to POS.

When it comes to network fees, BSC has the advantage over ETH for now.
But some are still preferring ETH because of its decentralized nature.
So as a user, it depends on your preference here. Fees or nature of the network?
If ETH will resolve their long-running gas fee problem, will people go back to this platform?
Probably yes, because its position in the market has been established already and many people are trusting this network because it is more decentralized.

Reid

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Ethereum have worked their way to be in this position. Roots are important especially in the cryptocurrency industry. That means a highly trusted company/being is behind it unlike any other altcoin that was created which will be dead in a few years. That's why I pick them as my second asset next to Bitcoin.
But, when you are making a lot of transactions by now you should try something else because Ethereum is in difficult times with high tx fees. That's where Binance Smart Chain comes in. Ethereum will always be better but patience is needed up to the completion of their change to POS.

makishart

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Binance smartchain is good enough but i will not say this one is bad. The fact that if BSC is full with piece of shit. So many scam tokens are on binance smartchain and it seems like that the popularity of binance smartchain is so big among the scammers. In this case i do believe ethereum is far better than binance smartchain. I do like the high fees has been giving the ability for the scammer to create more and more scam tokens. I don't like BSC and this chain is flooding the market with so many scammers. Scalability was good but it can also become a boomerang for anyone.

glendall

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everyone has their own opinion about platform eth or BNB
I personally prefer BNB because it is more friendly in shipping, unlike ETH, where shipping costs are often not synchronized between expenses and income (loss)

JayTrain

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

if you look from which side, if you compare scalability, gas price and transaction speed, then of course the BSC network is better, but at the expense of decentralization, I'm not sure that bsc is famous for this, but ethereum is still a decentralized network.

shinratensei_

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

I will pick BSC as a better blockchain than ethereum, I know this is less decentralized but who cares about the decentralization as long as i can send any money with very cheap fees and that's more than enough.
Ethereum was an outdated blockchain and so many people are feeling depressed with it. Ethereum is a blockchain for the rich guy. Come on man. Paid a lot of money to send a small transaction.
This blockchain is not relevant anymore to be called a blockchain. I think that rather than the decentralization of blockchain and people will be taking the fees as the main thing to determine which was a better blockchain. People are using it everyday and that's why they need to find a blockchain with small fees.

Alert31

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

If you are looking for a cheaper gas fee then Binance smart chain is better. For investment I will choose Ethereum because of a higher potential to grow in the near future. I remember last year 2020 that I have more than 5eth and just sold for only $260 per eth and just after more than a year the value of ethereum reached $4k. So now that ethereum is below $2k, it is an opportunity to buy and wait until market recover. In terms of ethereum gas fee, let's just wait the right time that it will become cheaper like other network.

danherbias07

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Transaction fee wise, BSC. No questions. Investment-wise, Ethereum will still be my choice. Speed is also a factor as BSC has super speed that completes transactions in just minutes or sometimes lesser with less traffic.
I have read the news that Ethereum will rebrand.
https://cointelegraph.com/news/eth2-is-no-more-after-ethereum-foundation-ditches-name-in-rebrand
So, they are not stopping and while continuing the switch to staking consensus they are making a trend which is good marketing that could invite more buyers.

crwth

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If we are talking about affordability, it's BSC. In terms of reliability, ETH would be better. They have more experience within the space, and being the #2 crypto is reliable. I'm not a developer but I think it's still ETH that dominates in this kind of platform

Are you planning to create a project between those two coins?

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

Both have their own advantages and differ on the platform. if BSC the fee is cheaper and faster than the Ethereum network. On the ETH network, users always complain about the high fees, even though in the long term, ETH is able to provide benefits and still has attractive potential. Moreover, if system and network updates can be carried out, it will increasingly make ETH an effective choice.

crzy

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Quote from: Howard@1 on February 07, 2022, 05:03:51 AM

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

They are both ok, but if your concern are more about the fees then go for BSC since its way cheaper and faster compare to ETH network.
Though personally, I don't look much on the network of the project since my focus is more about the project and no matter what their network is, as long as they are a good project I will surely invest. These two network has been the option of many good projects, better not to focus much on the network and start looking for good project on any network.

Wewe Gombel

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Of course, BNB, the rapid development of BNB and the support of a strong and dominant market network makes me believe that BNB will soon pass ETH, especially the unclear issue of ETH2.0 which makes ETH users continue to decrease.

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