Which is better: Ethereum or the Binance Smart Chain? - page 2.

Mehedi72

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Large number of people supporting bsc because of its cheap for transactions, even people who have ability to pay ether gas fee, also want to avoid ether blockchain due to high fees and i think its fair.

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I don't know how long ETH FEE will return to normal

still a lost of altcoins aren’t available on bsc but only on Ether blockchain and people get frustrated cause they are forced tto pay high fee if they want to trade or hold or transfers those altcoins. It's been long and i don't think ether fee will return to normal soon as we want. Base on this, bsc is best one

Mamun74

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Price or Platform? I think Binance platform now very useful and more better tha Ethereum. Many people’s using Binance smart chain blockchain. Ethereum transaction gas very high buy Binance smart chin transaction gas fee very low,like 0.04$-.30$ on others hand Ethereum $30+. People now usually using Binance smart chain. Even BNB is most promising coin in altcoin after Ethereum.But Ethereum is long term survive coin.I think they should work in gas fee and they need to more development in their system.

Rigon

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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 considering the direction of the platform then I must say that Binance Smart Chain platform is good. People are now reluctant to trade because of the high fees on the Ethereum platform.With the transaction fees being much lower on the Binance Smart Chain platform, people now prefer this platform the most.This is why the Binance Smart Chain platform is more popular than the Ethereum platform.

Myntist.official

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Both Eth and BNB are moving to their own path. In terms of security and trust Ethereum chain is top notch chain, but on the other hand it has high gas fees, and huge no of transections make this chain challenge for new comers to crypto. On the other hand BNB chain start growing slowly now taken up huge investors mostly new and low invest capital comers. BNB chain provide low fees transections and instant transfer which make this more attractive for new crypto investors. But security and trust issue are their for this chain as the chain is backed by Chinese influencers and team. Eth gonna update it chain to 2.0 in 2 years which make it again the big giant of the crypto market. BNB chain also take steps with new IDOs, ICOs and project integration into the blockchain to gain trust. So let's see where these stands in 2024.

Issa56

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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.

Most projects are migrating to binance blockchain because of the low gas fee, currently we all see that ethereum gas fee has been very high which is making it difficult to make transactions on ethereum chain, the gas fee which is always requested to send a coin on ethereum chain is becoming unbearable so people are migrating to binance blockchain which the gas fee is very low and fast, Also ethereum chain are always congested now which makes transactions always slow compare to binance smart chain that transactions are really fast and the gas fee is really low.

aryana42

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Quote from: aprilnot on May 08, 2022, 07:16:45 AM

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.

when it comes to decentralization, ethereum is superior. but if you look at the transaction fees, binance smart chain wins. if binance smart chain used POW consensus, maybe Bsc could be ethereum's toughest rival or even outperform it. that's why ethereum is still the best at this time.

In my opinion it is difficult for BSC to beat Ethereum, both have differences that people who only make small or large transactions can judge, the Ethereum community is now quite large although in this respect BSC is superior, but the demand and stability of coins, Ethereum is far superior with BSC, that's why Ethereum is still considered the best for now

aprilnot

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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.

when it comes to decentralization, ethereum is superior. but if you look at the transaction fees, binance smart chain wins. if binance smart chain used POW consensus, maybe Bsc could be ethereum's toughest rival or even outperform it. that's why ethereum is still the best at this time.

Emitdama

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Quote from: livingfree on May 06, 2022, 10:40:34 PM

Quote from: cloudfir3e on May 06, 2022, 07:07:36 AM

BNB itself has a gas fee which more or less people choose the BNB network and ETH gas costs are expensive but in my opinion the coins on the ETH network are quite good worth the gas fee

Many of the good coins in the eth network has also adopted the network for bsc.

That makes them better because people who wants them has the option to choose which network they'll send and receive it. And the main reason for it is the cheaper gas fees.

Sometimes fees for eth is that cheap but at most times, it's expensive. Unlike in bsc, at most times, it's consistent to be cheap IMO.

I believe that those coins are just new but the old eth projects only sticks with eth as they know that this network is much more secure than its counterpart. If they will add bsc, they are afraid that what if there are issues with bsc in terms of security?

This can only affect the reputation of their project. Not worth it for some pennies that they will get because most that suggest bnb or the ones that use bnb are poor people and only invest smaller amounts. I agree on the opinion of @cloudfir3e that we shouldn't compromise the quality over the cheap fees because what if we got hacked or scammed? We can lose more than the fee that were supposed to pay.

Dessy88

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If you ask me personally which best eth or bnb then i can make a answer 'both are best coin in the crypto' but But eth is a tough tool whose future is brighter. You may know that eth is the second strongest currency in the crypto market so eth is undoubtedly the best then bnb. The reason is that the use of eth is high and in many countries it is supported by the business side with a special reason that huge number of investors and the world.

ItsCrafty

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The Ethereum and binance smart chain both are stunning . But i like binance smart chain because of low fee. And there are lot of projects who use binance smart chain .
So i like to prefer binance smart chain .
Also Ethereum is good . But binance is binance.

livingfree

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Quote from: cloudfir3e on May 06, 2022, 07:07:36 AM

BNB itself has a gas fee which more or less people choose the BNB network and ETH gas costs are expensive but in my opinion the coins on the ETH network are quite good worth the gas fee

Many of the good coins in the eth network has also adopted the network for bsc.

That makes them better because people who wants them has the option to choose which network they'll send and receive it. And the main reason for it is the cheaper gas fees.

Sometimes fees for eth is that cheap but at most times, it's expensive. Unlike in bsc, at most times, it's consistent to be cheap IMO.

viananda2525

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Quote from: safari88 on May 06, 2022, 06:13:40 AM

In terms of fees I would go and mostly use Binance Smart Chain now, the Ethereum was really a good projects way back then but with the really expensive fees I really think the BSC really beat the Ethereum in terms of the transaction fee but if only the Ethereum can do something or solution to make their transaction cheaper I think that would be much better.

for temporaty solution about transaction fees, binance smart chain be leader now. with transaction fee below $1 , most crypto community will choose bsc. today ecosystem in binance smart chain growth massively in last few years ago and keep growing. maybe when ethereum update on 2nd version totally launched and could drop its fee as vitalik said below 0,05 this ecosystem will growth again. alot project launched their token in this platform.

blackbold

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Quote from: domoy77 on May 06, 2022, 12:16:25 AM

Quote from: blackbold on May 06, 2022, 12:04:45 AM

I myself prefer BNB because it is interesting because the Binance network has a smart contract feature with cheaper and faster fees on the network. if ETH is indeed a long-term prospect, this ETH has many benefits, it still has interesting and good potential. Moreover, if system and network updates can be carried out, it will make ETH more effective.
This is more we want to see from which side first, I think both have advantages and disadvantages of each, depending on what our needs are.

You are in this forum since June 28, 2017, which is at this time the Ethereum network is very popular and is used by many new project developers with long-term goals and if you look at when Ethereum was born and had smart contracts, then for now it is very It's worth saying that the Ethereum network is already super long term and even very early in comparison to the Binance network which used to be BNB itself which was also born out of Ethereum smart contracts in the past.

Have you forgotten this now? And don't you remember that in the past only Ethereum smart contracts were the most widely used and went viral in the crypto space?
Try to restore your memories first if you really forgot about this Cheesy

I'm not saying ETH isn't popular and it's not good, it's actually very good ETH and has great potential from the beginning and I'm also not saying ETH doesn't have a smart contract. I mean the update here is ETH in the process of upgrading to ETH 2.0. We are talking about BNB which is superior because of its low fees and fast transactions. maybe it's a matter of our taste and needs.

Hamza2424

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Quote from: glendall on February 07, 2022, 11:21:54 AM

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)

Agreed on that point but BSC chain is much more centralized so for long term and Holding prespective there is no any alternative of the ETH and AVAX.

Every picture has both bright and Dark parts.

Consider Which is Your Bright one.
ETH chain L2 Solutions are performing well and ETH 2.0 will be a dream comes true i am expecting the the Chain Upgrade soon for increasing the TPS.

Wong Gendheng

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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.

For now, I say that BSC is better than ERC, what is my consideration is a low cost, speed and of course the number of projects that are currently switching to the BSC network that is proven to be better than ERC. Moreover, I like trading in Dex so that low costs are important considerations for getting maximum profit

cloudfir3e

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BNB itself has a gas fee which more or less people choose the BNB network and ETH gas costs are expensive but in my opinion the coins on the ETH network are quite good worth the gas fee

aryana42

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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.

Each platform has an excess level, this cannot be categorized into the best choice, but both platfroms have different deficiencies, Ethereum has a high enough gas cost in making transactions, if small transactions are carried out then Ethereum is not suitable for use, in contrast to Binance Smart Chain, they are smaller transaction fees needed to make transactions, I think this depends on the needs needed, if you say it's better to be in the category of good category

safari88

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In terms of fees I would go and mostly use Binance Smart Chain now, the Ethereum was really a good projects way back then but with the really expensive fees I really think the BSC really beat the Ethereum in terms of the transaction fee but if only the Ethereum can do something or solution to make their transaction cheaper I think that would be much better.

goldkingcoiner

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Both chains have their own problems that they are dealing with. I myself am a big fan of decentralization. Full, real and authentic decentralization. Which means that Binance Smart Chain is definitely not one of my favorites. It does not really fit into the category of decentralized. More like quasi-decentralised. Which is just another way of saying centralized.

Ethereum on the other hand, is currently trying to solve its ridiculous high fee problem and introduce a scaling solution. But we still will have to wait for a better solution than what ETH has now.

cheezcarls

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If we're talking about being fully decentralized, it's Ethereum no question about it. But however, most of us are just focusing on its gas fee issues. Binance Smart Chain, however, it does offer us cheap gas fee for sending transactions to other wallets, but it's not fully decentralized. But most of the projects these days are focused on Binance Smart Chain because of saving gas fees in distributing tokens, minting NFTs, etc.

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