Which is better: Ethereum or the Binance Smart Chain? - page 9.

justdimin

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Quote from: Farma on February 09, 2022, 10:33:54 AM

currently ethereum is still the best coin after bitcoin. however, personally, I use BSC more than ETH. well, the reason is a common thing, namely because the fees are very cheap compared to ethereum. I heard that ETH 2.0 will make ethereum fees cheaper. if that happened, it would be very difficult to make ethereum fall from its throne. however, for now, both the coin and the network have their advantages. even when I said that ethereum was better, I still stick with BSC to this day.

That is the thing about crypto, there is this thing in the crypto world where we could basically just end up with paying a ton of money but also end up paying a ton for it as well, or we could do smaller and tinier but a lot more moves to get the same amount. So, would you rather do 1 trade that earns you 1000 dollars or 1000 trades that earn you 1 dollars?

The results would be the same, but the work is bigger. This is why some people prefer ETH, they know they will pay more for the gas fee, but they know that ETH is more profitable for them and that is why they choose it, I may not do that or you may not but there are tons of people out there who are seeing it this way.

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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.

Binance Smart Chain (BSC) is a hard fork of the Go Ethereum (Get) protocol.
Thus, BSC has a lot in common with the Ethereum blockchain. However, BSC developers have made significant changes in several key areas. The biggest change is the BSC consensus mechanism, which allows for cheaper and faster transactions.

Mehedi72

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For now, i think Binance Smart Chain is better than ether and among all. Ether is also best but i try to avoid transaction on ether network as much as i can and always looking for "if that altcoin is available on "Binance Smart Chain" or not. Because personally it pretty hard to afford high fees for me. Solana matic blockchain are also best but still few altcoin are transferable.so currently i would like to go for Binance Smart Chain

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Quote from: indo1 on February 09, 2022, 11:48:25 PM

both are quality, but BSC is used for people who want to transact at low prices, but the content published on the BSC network is mostly not for long term. The ethereum network is indeed very expensive, but the projects published on the ethereum network are of very high quality and even last for the long term.

I think it depends on how you use it. both are equally good, the ethereum network will not feel if we trade in large quantities, but for someone like me I will maximize the use of the bsc network because only small transactions and the average coin I trade using the bsc network

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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 : High gas fee and Decentralized because it uses a pow system in the ethereum network
BSC: Low gas fee and Centralized because it uses pos system.

I chose both because both blockchains support EVM, you can view Bsc and Ethereum Balance in one click by adding network RPC.

Victorik

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I think it depends on the use case. ETH, by far has a larger use case than BSC. That's explain why very big project still build on ETH. But in terms of gas fees, BSC is a better option. However, we are having other projects with cheaper gas fees these days. Maybe they will overtake BSC

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both are quality, but BSC is used for people who want to transact at low prices, but the content published on the BSC network is mostly not for long term. The ethereum network is indeed very expensive, but the projects published on the ethereum network are of very high quality and even last for the long term.

evichi

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I will prefer Binance Smart Chain. Binance Smart Chain (BSC) have made crypto very vibrant in recent times basically because of the low gas fees. This is really unique. Sometime I wanted to send an Ethereum token of about $10.00 and my gas fee was $15.00, so of what use is the transaction when the gas fee costs more than the token you want to send? Most activities in the crypto space revolve round the movement of crypto assets from one point to another. While ethereum is equally good the gas fees have made it the rich man's crypto - in my opinion. That is why Ethereum team are working towards Ethereum 2.0 to achieve lower gas fees.

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Quote from: blockman on February 09, 2022, 07:40:40 PM

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.

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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.

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Quote from: khiholangkang on February 08, 2022, 07:59:34 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.

Both have their respective advantages, but for now the better platform is ETH although the transaction fees are very expensive, but by using the network we can get a lot of airdrops, the expensive transaction fees also make there no dusting tokens on this network.

well, currently ethereum is still the best coin after bitcoin. however, personally, I use BSC more than ETH. well, the reason is a common thing, namely because the fees are very cheap compared to ethereum. I heard that ETH 2.0 will make ethereum fees cheaper. if that happened, it would be very difficult to make ethereum fall from its throne. however, for now, both the coin and the network have their advantages. even when I said that ethereum was better, I still stick with BSC to this day.

Pejoh Asu

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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.

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Quote from: JahriMeayer on February 07, 2022, 07:49:20 PM

Ethereum blockchain is best IMHO cause it has largest marketcap as well as still new projects are building up with it. Only because of higher transaction fee, i can't say bsc is better than Ethereum blockchain. Binance Smart Chain just successful to minimize fee, otherwise there are manu things where ethereum is ahead for every matter. Even if bsc get more popular, then fee will also increased. And if binance exchange got hack then bnb might be lost its price badly & bsc might be lost popularity

ETH has the largest cap among all? larger than bitcoin? I am not sure with that but binance smart chain is also growing day by day and I believe that in no time, its marketcap will be the same as eth or maybe more than that.

Devs created a project under the BSC because they want more people to get involved with their project and that can give them more income as well not unlike to eth that only a few people that will get involved on their projects or mostly people that have enough capital and wont mind spending big for the fee. BSC is related to binance but the hackings that can happen in binance exchange are not related on the BSC network. It doesn't stop people from using BSC.

khiholangkang

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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 respective advantages, but for now the better platform is ETH although the transaction fees are very expensive, but by using the network we can get a lot of airdrops, the expensive transaction fees also make there no dusting tokens on this network.

eXtremal

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Both have their own advantages, for example BSC with low network fees for each transaction. However, BSC has a lot of scam tokens because of the low fees scammers are easier here. ERC20 with a very expensive cost as a constraint. however, have a lot of quality projects on this network. The average project published on the ethereum network is serious in carrying out the project.

KaliLinux

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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 asking about the Networks I guess we all know as a fact now that it is much cheaper to transact on Binance smart chain BSC than ETH just because of the gas fee. Until this gas issue with the Ethereum network, I believe everything was ok just as with the BSC but the high ETH transaction fee has really gotten out of hand.

JahriMeayer

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Ethereum blockchain is best IMHO cause it has largest marketcap as well as still new projects are building up with it. Only because of higher transaction fee, i can't say bsc is better than Ethereum blockchain. Binance Smart Chain just successful to minimize fee, otherwise there are manu things where ethereum is ahead for every matter. Even if bsc get more popular, then fee will also increased. And if binance exchange got hack then bnb might be lost its price badly & bsc might be lost popularity

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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 - huge fees but with a wide network that it helps to keep strong and still in high demand.
BNB - small fees but not that widespread compared to ETH.

There are too many platforms that exist in the market today that could possibly outperform BNB and that is why we could see their developments are going slow.

I'm still using ETH till now and that was because the majority of my coins are using ETH. I can still save some costs if I transfer them in bulk, that is the only way I see.

Lagduf

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I’d just prefer binance smart chain with its simple fact that it costs less using this platform, although ethereum has quite many projects in the platform but binance smart chain is also already quite popular with the fact that binance smart chain itself is also getting populated with so many memecoins in the platform, kinda proves itself that it's quite famous platform.
also, quite many projects that are metaverse and gaming are also starting moving over in binance smart chain just because its just better in aspect of fee and unlike ethereum, these gaming platforms could use the smart contract platform almost seamlessly.

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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.

Depends on what you ask. When it comes to using it in practice, at the moment Binance Smart Chain is much better due to the speed of transfers and, above all, much cheaper transaction fees.
Both projects have great potential, so when it comes to investing, I can recommend both of them. However, in my opinion, Ethereum, after realization of fork and update to ETH 2.0, will become a much more extensive platform than BSC.

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