Which is better: Ethereum or the Binance Smart Chain? - page 8.

goinmerry

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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.

Platform? Maybe we can call it a network, much better.

Generally, the creation of BSC is derived from the ETH network. We can fairly say that both networks are fast but the main concern is fees. BSC won't be created I think as a priority if no big fees happened using the ETH network.

For now, it seems that using BSC network is more convenient, much especially if we are concern about the transaction fees.

Ngemmeng

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I don't know which one is better but I prefer the BSC platform because of the much lower network fees than the Ethereum platform. Talking about the ETH platform I hope that ETH 2.0 will be released soon and the network fees on the ETH platform can be reduced drastically because I have several altcoins on the ERC20 network. I'm pretty sure if ETH 2.0 is released and network fees normalize, it will strengthen ETH's position as the king of altcoins and have great potential to rival Bitcoin.

blockman

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Quote from: Pejoh Asu on February 09, 2022, 10:20:48 AM

For consideration of transaction costs and speed of course BSC is better than ETH, this is what makes BSC's popularity skyrocket and becomes the strongest candidate to replace ETH, I'm sure if there are no negative issues about BSC like what happened with Solana then a maximum of 2 more years BSC will replace ETH.

Eth folks like me have been looking for a way to avoid the costly transaction fee. With an alternative to it, BSC is the one that has caught the attention and solution for defeating that problem. But it shouldn't be like this forever as we're still into many erc20 tokens for transactions.
ETH should be the one standing on this problem and solving it quickly. It already took a year or two AFAIK and yet the fees are still haven't been cheap. Sometimes it's cheap but that cheap is still costly compared to BSC and it happens only randomly, we need that to be stable for real.

Yes, it has been our struggles last 2020 but never had changed and the fees are still high and the availability of the BSC platform saves the majority who are still using ERC20 tokens. In fact, I have some stuck ERC20 tokens in my wallet but can't move them as it was costly, and the amount isn't worthy enough to pay $15. $10.

If there is only another way to transfer our ERC20 token, many will totally leave ETH. But I think the market is so unfair, we haven't any other option but to use ETH if we have to.

That's already the option that we have and to use the other available chain that altcoin we hold supports. It's really helping a lot in saving fees but we really just can't see people leaving Eth because it's currently at the top and it's being sustained by everyone.
I guess everyone will really leave it if we have a better choice and the volume of ethereum decreases. But that's not the case and it's not going there by any chance instead, the price is recovering from the dip that it has got in although for now, it's again dipping.

kotwica666

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In my opinion, currently the best is BSC, although the transaction volume has increased dramatically since 2021, the transaction fees and speed are still realistic, this is what makes investors and developers turn to BSC.

Ethereum and Binance networks operate on very similar principles. As the number of BSC users increases, the transaction fees will also increase. In time, the fee prices will probably increase as it happened on the Ethereum platform. At the moment it is much better to use BSC, but in the future (after updating to ETH 2.0) the situation may change and it may turn out that Ethereum will be cheaper.

Anguwa

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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.

Basically, Ethereum and Binance Smart Chain (BSC) are two of the most popular and well-trusted blockchains, although I prefer Binance Smart Chain because of its low transaction charge (Gass fee), but both are excellent blockchains for facilitating successful bitcoin transactions.

gabbie2010

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Though at present many developers would prefers BSC network based on it low transactions fee and fast network however that does not make it better than ethereum blockchain, though ERC is facing a big challenge on it high transaction fees which is prompting new developers to shun it's network, however ERC had managed many successful projects efficiently in the past, had it been they have a low transaction fees few developers would have utilize BSC network, while majority would have adopted ERC network.

ropyu1978

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Quote from: DonFacundo on February 11, 2022, 03:15:35 AM

If you mean the network then I prefer Binance Smart Chain because less fee and also fast transaction. I do like ethereum network it is also fast but the problem of the ethereum network is the fee is too expensive, I really don't want to pay high fees using this ethereum network. I'm still hoping that one day ethereum gas fee will be fix and will be the same as Binance Smart Chain fees..

I also really agree with your opinion, many people prefer to use a smart chain network than the ethereum network, the ethereum network is also very good and fast but unfortunately now the cost of the ethereum network is very high, so in my personal opinion I prefer the network.blockchain because it is cheaper..

OrangeII

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Quote from: Maslate on February 11, 2022, 03:27:20 AM

Only the fees that BSC had made an advantage against ETH but overall, the ETH network is still in major use even today. And one reason is that ETH has already been established strong, major projects are using the ERC20 platform that couldn't leave ETH on the space. If we just have the option to use other platforms even it was ERC20 tokens, that for sure traders and investors are already ignoring ETH but still don't have and live no choice but to pay for the huge fees.

basically, ethereum is very good indeed. proof that even when the fees were huge, there were still a lot of people using it, even ethereum hasn't moved away from the best coin after bitcoin, and still has high volume today. however, many people are looking for alternatives to payment and use BSC instead. however, if the ethereum fee has returned cheap, it will put ethereum at the top of the altcoins. however, right now I might be inclined to use BSC, however, I don't doubt the potential of ethereum.

Maslate

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Quote from: DonFacundo on February 11, 2022, 03:15:35 AM

If you mean the network then I prefer Binance Smart Chain because less fee and also fast transaction. I do like ethereum network it is also fast but the problem of the ethereum network is the fee is too expensive, I really don't want to pay high fees using this ethereum network. I'm still hoping that one day ethereum gas fee will be fix and will be the same as Binance Smart Chain fees..

Only the fees that BSC had made an advantage against ETH but overall, the ETH network is still in major use even today. And one reason is that ETH has already been established strong, major projects are using the ERC20 platform that couldn't leave ETH on the space. If we just have the option to use other platforms even it was ERC20 tokens, that for sure traders and investors are already ignoring ETH but still don't have and live no choice but to pay for the huge fees.

DonFacundo

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If you mean the network then I prefer Binance Smart Chain because less fee and also fast transaction. I do like ethereum network it is also fast but the problem of the ethereum network is the fee is too expensive, I really don't want to pay high fees using this ethereum network. I'm still hoping that one day ethereum gas fee will be fix and will be the same as Binance Smart Chain fees..

coinsycrip09

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depending on the individual, some people will prefer Binance Smart Chain because gas fees are very cheap and others say Ethereum is better because it is very good for long-term investments. both have advantages and disadvantages of each.

so i can not choose and explain in detail, which platform is better between the two. both are good platforms, so we can use both at the same time.

adzino

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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 consider the whole ecosystem, you will see that Ethereum is way much better than Binance Smart Chain. But it is the gas fee that is killing Ethereum. We should wait until ethereum consensus layer (previously known as eth 2.0) upgrade fully rolls out which might help reduce the gas fees. Binance Smart Chain on other hand is said to be more like a centralized chain mainly under the control of Binance. Compared to this Ethereum is more decentralized. If you are looking for holding coins, then Ethereum would be better than BSC. But if you are thinking of making regular transactions, avoid Ethereum.

topbitcoin

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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 don't know about technology behind them, But for ERC20 and BEP20 i will prefer BEP20 network for now. For people who only have limited resources like me, fees can be a problem especially if the coin that i want to trade have same profit or maybe profit less than fees that i must pay. But now with BEP20, i can choose token in that network and pay fees much different that ERC20 network and it is really worth to do.

Benefactor

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Ethereum and Binance Smart Chain since they have almost zero exchange expense. Truly they are shitcoins and for the most part. These two organization has been the choice of many great tasks, better not to zero in much on the organization and begin searching for great undertaking on any organization. Besides, in the event that framework and organize updates can be done, it will progressively settle on ETH a viable decision.

lousie9

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So far the debate between Ethereum and BSC has always been a question of which is the best because so far both platforms will continue to develop with blockchain technology in the future, so to what extent would you use the platform if you really want low fees. , of course the best option is BSC which currently the transaction fees on the platform are very low if we compare it to Ethereum, but back to what we need as both platforms will continue to innovate over time.

molsewid

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Quote from: Marykeller on February 10, 2022, 02:14:38 PM

Ethereum and BSC are both good relying on the purpose you want to use it on. Both are good to invest in for long periods of years.
In trading altcoins, I would use BSC over Ethereum. I wouldn't dare to use Ethereum due to high-cost fees.
What am doing now, is to buy and hodl Ethereum. The launch of ETH 2.0 can probably make a huge impact on the price of Ethereum in year's to come

Yeah definitely both are good and very useable, both are also good for investment either for short term or long term investments however they only differ in the approach of gas fees that the user may pay to their transaction using this platform or blockchain. For me, I can say that BSC is somehow a user friendly when it comes to gas fee and that's the drawback of Eth blockchain that every user are keep on complaining.

ven7net

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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.

At the moment, Binance Smart Chain is better for me. The reason for choosing BSC is that this smart network has significantly lower fees. This is one of the important features of this network, unlike Ethereum. I now work almost exclusively with cryptocurrencies and crypto projects that work specifically with Binance Smart Chain. This allows, as I said above, to significantly save on commissions, as well as to have the same characteristics of the Ethereum network.

Marykeller

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Ethereum and BSC are both good relying on the purpose you want to use it on. Both are good to invest in for long periods of years.
In trading altcoins, I would use BSC over Ethereum. I wouldn't dare to use Ethereum due to high-cost fees.
What am doing now, is to buy and hodl Ethereum. The launch of ETH 2.0 can probably make a huge impact on the price of Ethereum in year's to come

Jackl87

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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.

Which is better is a hard question because "better" is defined by each person individually, but if you ask me which chain i prefer to use at the moment, then the answer is pretty clear for me: BSC. The reason for that is really simple and probably true for a lot of users at the moment; the fees on the BSC chain are just way lower than on the ETH chain. While a normal transfer of an ERC token can easily cost 20$ at the moment, it only costs a few cents on the BSC chain so the choice here is pretty simple especially if you are a small fish like me that only sends around a few hundred dollars worth of tokens max.
That being said BSC is just a blatant copy of ETH and if the fees would at least somewhat similar i would always chose ETH oder BSC.

oemar bakrie

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from the umpteenth time my platform remains ethereum even though the costs are very high for now and I'm sure if a project, especially a bounty that provides an address on an ethereum basis, can be relied on later good future.

Topic: Which is better: Ethereum or the Binance Smart Chain? - page 8. (Read 1503 times)