Topic: Which is better: Ethereum or the Binance Smart Chain? - page 6. (Read 1523 times)
I know many have listed some reasons but i will go straight to chose, in this point Ethereum is better but for less gas expenses i uses BSC for transaction so it save me cost of spending much while transacting. also consider that BSC is a side chain of Ethereum so if no ETH then BSC will find it difficult to function smoothly.
Both are good but I would also prefer using bnb which many people are correct about it's fees in transactions. Though there might be some time that the transaction fee us not small enough if it is used in smart contracts but all in all both have it's advantage and disadvantages. For now, I haven't use ethereum and I always end up using bnb for doing transactions that can help me do transaction faster and lesser fee.
Same here! I already said that I will not use Ethereum ever again! It's how annoying Ethereum is in my opinion, I see myself as a crypto user and I move coins all the time! With discovering BNB I found some relief, simply it was much cheaper to do my daily things, I would say normal, not like with Ethereum!
Well, I am choosing Binance smart chain! I sold all my ETH and some ETH tokens I have, I don't even wish to think about them! I also think that if ADA developers are smart and do something about fixing other smart contract problems they can do a lot in the future! Maybe it can be the next big thing that can outshine these two! Of course not is some near future!
Both are good but I would also prefer using bnb which many people are correct about it's fees in transactions. Though there might be some time that the transaction fee us not small enough if it is used in smart contracts but all in all both have it's advantage and disadvantages. For now, I haven't use ethereum and I always end up using bnb for doing transactions that can help me do transaction faster and lesser fee.
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
True. Everyone must choose BSC network because they are not happy with the current gas fee in Ethereum. Ethereum gas fee is never resolved, the price is still expensive. Ethereum developers only care about the transaction speeds, they don't care about the transaction fees. People are very unsatisfied with ETH performance lately.even so, the platform that adopts the erc20 network is far more than the bsc, this is what makes even though the ethereum transaction fee is high, the number of transactions per second is still very high. especially when NFT and Defi are in hype, we all see very expensive eth transaction fees, it really doesn't make sense.
BTC
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
True. Everyone must choose BSC network because they are not happy with the current gas fee in Ethereum. Ethereum gas fee is never resolved, the price is still expensive. Ethereum developers only care about the transaction speeds, they don't care about the transaction fees. People are very unsatisfied with ETH performance lately.it is very clear that the BSC has the advantage of low fees. however, even with these advantages, BSC or BNB have not been able to exceed ethereum. well, I'm sure Vitalik noticed this. So, I think the development of ETH 2.0, one of which is to reduce the ethereum fee, is still being carried out. however, at this time I still conclude that ethereum is still better than BSC, however, if this continues, maybe BSC can exceed or equal to ethereum.
Both are very good.
ETH is considered the most secure and decentralized platform, but with congestion and slow transaction processing and high fees, people rarely use ETH for day-to-day transactions.
BNB has cheap transaction fees and fast processing speed. But in terms of decentralization, the winner belongs to ETH. It depends on your needs: those who trade often I think BNB will be more suitable, those who like safety and security can choose ETH.
ETH is considered the most secure and decentralized platform, but with congestion and slow transaction processing and high fees, people rarely use ETH for day-to-day transactions.
BNB has cheap transaction fees and fast processing speed. But in terms of decentralization, the winner belongs to ETH. It depends on your needs: those who trade often I think BNB will be more suitable, those who like safety and security can choose ETH.
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
True. Everyone must choose BSC network because they are not happy with the current gas fee in Ethereum. Ethereum gas fee is never resolved, the price is still expensive. Ethereum developers only care about the transaction speeds, they don't care about the transaction fees. People are very unsatisfied with ETH performance lately.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
Each one of them has its use-cases: Ethereum is a virtual machine (network) to deploy smart-contracts and Binance smart chain is one of those running contracts in the Ethereum network. It's a little bit confusing to distinguish between both of them but i can understand how users prefer Binance Smart Chain over Ethereum because of the actual condition of Ethereum network who suffer from scalability issues which caused the augmentation of Eth Gaz fees to broadcast transactions.
To avoid ambiguities, Eth is the token developed to monitor the Ethereum virtual machine (EVM) and Bnb is the token developed to maintain the Binance Smart Chain
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
Ethereum blockchain is much improved and Ethereum blockchain to create high-level contract address and it is much secure. but BNB popularity is due to its low transaction fees. And it is popular for some more features of Binance Smart Chain. However, considering these aspects, I like the BSC chain more then Eth
People who are used here also want to trade at a lower price but most of the published content in China is used but long term network but published and even lasts for a long time. bsc
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
in my opinion both platforms are the best in cryptocurrency. but for now I think Binance Smart Chain is better than ethereum because binance transaction fees are smaller than ethereum. because in carrying out transactions must consider the specified transaction fees. and binance is the best in terms of transaction fees than ethereum.
Besides transactions of course another factor is speed, with the cost of $12 to send ERC it took more than 10 minutes to reach 12 confirmations, whereas in BSC with 12 cents it only took 30 seconds to reach 12 cents, I've tried it many times, although still under ERC but I'm optimistic that BSC will beat ERC soon.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
in my opinion both platforms are the best in cryptocurrency. but for now I think Binance Smart Chain is better than ethereum because binance transaction fees are smaller than ethereum. because in carrying out transactions must consider the specified transaction fees. and binance is the best in terms of transaction fees than ethereum.
Although BSC is growing rapidly but I think ETH is still the best, we can see that most big projects use the ERC20 platform, and I'm sure ETH's position will continue to survive even someday it can become king by beating bitcoin.
I agree that mostly big & popular projects was started with Ethereum blockchain because it’s very reliable network, but now most of the projects implemented multi chain as like BSC and Polygon. And now people’s can use their favourite and cheap network chain where they feel comfort with low transaction fees specially. I don’t see ETH can be competitor for Bitcoin never ever. Both the ETH network, BSC as well as the nascent ones like Solana, Polygon, at the moment that congestion occurs, the fees will increase, the idea of all the betatests is that they can be considered as a general solution for this.
Depends on what you're comparing them for.
ETH is clearly the more powerful chain in my opinion, with a lot more dApps and just people in its ecosystem compared to BNB.
But if you were yield farming as a retail investor I would definitely go for Binance just because of the cheaper fees. It is almost impossible to put transactions through without having to pay hundreds of dollars in fees when you're transacting on the ETH chain.
ETH is clearly the more powerful chain in my opinion, with a lot more dApps and just people in its ecosystem compared to BNB.
But if you were yield farming as a retail investor I would definitely go for Binance just because of the cheaper fees. It is almost impossible to put transactions through without having to pay hundreds of dollars in fees when you're transacting on the ETH chain.
Ethereum (ETH) started as a concept paper by Vitalik Buterin in 2013 and was launched as a standalone blockchain in 2015. The Ethereum (ETH) blockchain includes smart contract features that allow Decentralized applications (DApps) to be built. However, Ethereum's size has emerged as a problem, with network users being charged high gas fees during certain periods. (Gas refers to fees paid in exchange for interactions with the Ethereum blockchain.) Ethereum stood the test and dominated the cryptocurrency space, although scalability issues caused users to start looking elsewhere.
In contrast, Binance Smart Chain (BSC) was launched as a side-by-side add-on to Binance Chain (BC), blockchain cryptocurrency company Binance, founded in 2019. Binance Chain (BC) was built primarily for commerce rather than construction. Binance Smart Chain (BSC), on the other hand, arrived in 2020 with more build features.
Which is better: Ethereum or the Binance Smart Chain? - In my opinion, Ethereum (ETH) is better than Binance Smart Chain (BSC). I also suggest CRD Crypto.
In contrast, Binance Smart Chain (BSC) was launched as a side-by-side add-on to Binance Chain (BC), blockchain cryptocurrency company Binance, founded in 2019. Binance Chain (BC) was built primarily for commerce rather than construction. Binance Smart Chain (BSC), on the other hand, arrived in 2020 with more build features.
Which is better: Ethereum or the Binance Smart Chain? - In my opinion, Ethereum (ETH) is better than Binance Smart Chain (BSC). I also suggest CRD Crypto.
I choose eth
I prefer eth because eth is the best altcoin and I like projects that use eth as a platform because there are very few scams that I found there but the weakness for me is that gas costs are too expensive but apart from the expensive gas costs, the rest eth is the best for me.
I prefer eth because eth is the best altcoin and I like projects that use eth as a platform because there are very few scams that I found there but the weakness for me is that gas costs are too expensive but apart from the expensive gas costs, the rest eth is the best for me.
Although BSC is growing rapidly but I think ETH is still the best, we can see that most big projects use the ERC20 platform, and I'm sure ETH's position will continue to survive even someday it can become king by beating bitcoin.
Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.
I am using Binance Smart Chain. I don't use the Ethereum chain unless I have to. Transfer fees are really high. I don't want to waste my money for nothing. But my choice will be Ethereum. Because Ethereum is the first successful product of the smart contract idea. BSC is a simple copy of Ethereum. Contributing to the cryptocurrency world, Ethereum always carries great potential in the future. Networks like BSC are just simple copies. There is no innovation they have added to the crypto money world.
BSC is baby compare to ethereum. The only advantage BSC have is less gas fees compare to Ethereum. They are working on it to fix this.
It is its advantage and that's why many are supporting this chain and investing more with BNB. But for Ethereum, it's taking long but even they're taking it too long.There's still a lot of transactions happening and the fee is still tolerable for some reasons even we have no option. We just keep on transacting even if a transaction that we do requires around $4 or more just for the gas fee.
BSC is baby compare to ethereum. The only advantage BSC have is less gas fees compare to Ethereum. They are working on it to fix this.
Yeah, still Ethereum is the biggest community if comparing all about things without gas fee issue, but it’s a major issue on Etherum chain, And mostly users are going to left it because users can't afford such expensive gas fees. BSC is the most favorite for every users because of it’s cheap network fees so what BSC is baby for Etherum, here that's not a big matter i think.Exactly! For many BSC is far better than ETH and they have their own reasoning, including me and I also invested and used both. For now ETH is leading but its gas fee as you guys mentioned is really high and discouraging for investors but it is not that they cannot afford but the money itself will be wasted. While BSC, is much preferred with its low gas fees and smooth system. That's why it is more attractive to the investors.
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