Which is better: Ethereum or the Binance Smart Chain? - page 7.

eaLiTy

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Quote from: rozak on February 17, 2022, 10:32:54 PM

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it doesn't matter who comes first. currently, the utilization of what was developed by BSC also comes from the development carried out by ethereum. not even only BSC, some other networks do it too.

It is a fact that BSC chain is an exact replica of ETH, i am not sure about other networks that copied the same source code because i never checked them, but i think Solana is built for scratch.

Quote from: rozak on February 17, 2022, 10:32:54 PM

but we have to understand the current situation. the utilization of the BSC in trading on the crypto market is smoother and busier. maybe it is related to the more expensive cost of ethereum. but after all every system and product. must have had their heyday.

Yes the reason other networks are gaining momentum is because of the scaling issues of Ethereum and this is the best opportunity for other networks to gain a good foothold in the market. BSC is doing that with their influence they have and some of the other chains have gained a lot of supporters as well.

rozak

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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 doesn't matter who comes first. currently, the utilization of what was developed by BSC also comes from the development carried out by ethereum. not even only BSC, some other networks do it too.
but we have to understand the current situation. the utilization of the BSC in trading on the crypto market is smoother and busier. maybe it is related to the more expensive cost of ethereum. but after all every system and product. must have had their heyday.

Master of Shitcoins

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Quote from: Howard@1 on February 07, 2022, 04:03:51 AM

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

Of course Ethereum is much better.
Ethereum is supported by very experienced cryptography coders where we know it's a mission to build a world-leading product and make Ethereum an internet ressource.
Ethereum has so many coders integrated for a decentralized web.

Binance is a good exchange but it clearly can't compete Ethereum. Binance is very centralized and has no famous ambitions to keep it up to Ethereum. Binance Coin is just hype based on Binance's success so far and can't be compared to Ethereum.

poldanmig

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Quote from: Howard@1 on February 07, 2022, 04:03:51 AM

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

I think both of them are the best among other chains in cryptocurrency at the moment, the ETH chain does have a fairly expensive gas fee for now, but we can't deny that ethereum is still the ruler in terms of smart contracts and for now BSC is still very far behind ethereum, while BSC, I think only superior in terms of low gas costs while for other factors of course ethereum is still at the forefront in my opinion.

QueenVera

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

Ethereum is still better than Binance smartchain even though it is currently having some network fees issues that will be resolved when the ETH2 is released. Ethereum is more popular and has more developer working with the blockchain than any other blockchain out there. Ethereum has established itself with genuine growth instead of hyoe when the blockchain has nothing that show.
For many of the so-called better version of Ethereum to surface, they needed the support of Ethereum through crowdfunding or getting listed on Ethereum decentralized exchanges to get some trading volume. Ethereum will always be the better blockchain, they just need to fix their fees problem.

AnonBitCoiner

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Only Binance. I honestly don't know why anyone uses ETH anymore. Today it is almost completely useless.
As a developer I tried to build an app where I could pay my kids allowance in a ETH based token. Well to send my daughter her $10 weekly allowance will cost me about $35 in gas each time. WTF?!
I ended up porting my app over to SOL and now it costs me a fraction of a penny to send that same $10.

D ltr

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Currently I prefer BSC because shipping costs are more pocket friendly than ETH which is getting crazy about the fees they apply, I don't know how long ETH FEE will return to normal

n0tailbg

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In this review of top 7 altcoins with the most potenntion, there is not even a mention of Binance, and Ethereum is in 1st place. I think this is an indicator that Ethereum is better.

DU18

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If you have to choose clearly Binance smart chain is the right choice so far, the price of bitcoin goes up, ethereum gas is very high, even today there is no sign of improvement as long as ethereum gas is high, I make transactions, switch to binance smart chain with lower fees, suitable for transactions, some platforms have also used the BNB chain in transactions or bounty payments.

What coherence between gas up on eth than BNB? I think if you buy ETH on exchange market is not any worry about fees but just happening with coin have network with ETH, now we are investing with ETH not with coin have network ETH, you need understand about the OP asking which one is better between ETH or BNB. I think looks not understanding when investing choose between BNB or ETH why have to talk with gas fees up from ETH network?

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Quote from: Howard@1 on February 07, 2022, 04:03:51 AM

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

both platforms are actually good, ERC was born first than BSC if you calculate the gas cost then eth is more expensive than BSC. however BSC was born from the ERC network in the first place.
to determine which one is better I can not choose one of them.
but because of the lower cost of gas I think nowadays many are using BSC and so am I.

fzkto

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I thought Binance made their coin as a copy of Ethereum. I don't understand the major differences between the two blockchains, other than the cost of fees. I think BSC is less secure because its protocols have been hacked very often, but I can't call Ethereum secure either. All in all, depending on the project you are interested in, you need to choose a blockchain.

mindrust

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Quote from: Howard@1 on February 07, 2022, 04:03:51 AM

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

Either of that would get the job done so I'd say whichever is cheaper at the moment. I heard ETH's gas fees are becoming a pain in the ass lately. That makes BSC more favorable over ETH alone. BSC is backed by Binance itself in the end that makes BSC as good as ETH if not better. So, I think BSC is better to go with.

Pejoh Asu

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BSC's position is getting stronger and soon shifts ERC, this is because BSC continues to grow and becomes a serious threat to ERC, low cost and speed are things that can't be compared with ERC so that makes me optimistic that BSC will soon replace ERC.

gost111

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Quote from: Ngewex Yuk on February 13, 2022, 05:18:10 AM

Before expensive transaction costs I actively trading in Unishwap, now almost a year I have never been transactions with Ethereum, expensive transaction costs make me prefer trading in BSC or Polygon platform, while the transaction and swap costs in BSC are like in pancakes or apeswap.

I agree with you for a very long time I have not been trading on sites on the ETH network, I prefer BSC or Polygon platform and all because of high gas fees Wink

Ngewex Yuk

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Before expensive transaction costs I actively trading in Unishwap, now almost a year I have never been transactions with Ethereum, expensive transaction costs make me prefer trading in BSC or Polygon platform, while the transaction and swap costs in BSC are like in pancakes or apeswap.

bhooscream

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In what case is that?
Both have an almost similar system and also pros and cons.
They also have some lack on so easiness of creating such tokens in their blockchain so that many scammers can exactly create a new token.

But, if this is a matter of gas fee, I will exactly prefer to choose BSC from Binance. because this is more affordable and okay for me. We know that high fees are sometimes killing us, transferring small amount of the money but should pay high fees with high minimal withdrawal amount. This is so sad.
ERC20 was a good choice at the past time because the fee was low. But now, it is changing an dthe fee is so high

poodle63

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these smart contract platforms blockchain are quite similar in terms of the projects and dapps that are provided by various platforms in that smart contract platform, BSC and ETH is like a twin I think if it comes to that, regardless BNB
is significantly cheaper and it’s also the reason that makes BNB getting so full of shitcoins and all. Also, this is like a platform that’s created for beginners specifically made that way by the binance themselves.
There has been many cases of scammings and rugpulls happening in that platform because so many newbies buying some shitcoins thinking they could become billionaire next month.

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Quote from: ringgo96 on February 12, 2022, 06:57:49 AM

Both platforms are very many users for now, because both are platforms that are easy to make transactions, but for now many are using the Binance Smart Chain platform because of the very cheap gas costs when compared to ethereum, and many investors who have chosen the coin to make investments in the long term because it has the possibility to increase later, And currently we can also use Polygon network which is very low gas cost and safe for us to use.

It's true that currently many development teams are switching to the BSC network because the network costs are much lower than the ethereum network. but even so this is not a reason for me to leave the ethereum network completely because the impact of the very high network fees makes the price of altcoins on the ethereum network have a fairly high price and very good for long term investment.

ringgo96

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Both platforms are very many users for now, because both are platforms that are easy to make transactions, but for now many are using the Binance Smart Chain platform because of the very cheap gas costs when compared to ethereum, and many investors who have chosen the coin to make investments in the long term because it has the possibility to increase later, And currently we can also use Polygon network which is very low gas cost and safe for us to use.

MFahad

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I prefer Etherium over Binance smart chain. Etherium projects are generally for long term and solid ideas behind project while 60% of Bsc projects proved scam or just meme project and not good idea behind project. Bsc network is good for inly gaming and NFt propose as it cost very low fee than Eth network.

Topic: Which is better: Ethereum or the Binance Smart Chain? - page 7. (Read 1546 times)