Currently I admit that Binance Smart Chain is very smart because it can excel from ethereum in terms of very cheap fees
and even many projects that use smart BSC contracts. Ethereum has to quickly find this solution and fix its very expensive
fee if it wants to stay in its current position. So yes, Binance has a chance to outperform ethereum.
Topic: will Binance be the next Ethereum? - page 10. (Read 9595 times)
In my opinion, as long as Ethereum gas costs are as they are now even crazy Binance has the opportunity to replace Ethereum. With the advent of the Binance Smart Chain, many investors have switched from Ethereum to Binance as BSC provides its users with options at a lower cost.
A high fee is really the bad side of ETH and it can be the reason people staying away from ETH and prefer BNB. But l think it is not enough to stay away from ETH, both of them are my favorite coins. However to tell the truth ETH is always the second cryptocurrency for me and more than that l can not imagine there can be any cryptocurrency that can replace ETH. BNB has great potential than other currencies, however, BNB should work hard for overtaking ETH.
In my opinion, as long as Ethereum gas costs are as they are now even crazy Binance has the opportunity to replace Ethereum. With the advent of the Binance Smart Chain, many investors have switched from Ethereum to Binance as BSC provides its users with options at a lower cost.
Looking at the development of this platform, I think that everything is possible, but with the release of Ethereum 2.0, everything can change.
And so, on the Binance Blockchain, to some extent, at the moment, you can earn more than on the same Ethereum.
But still, BNB is a partially centralized coin, while ETH is completely free and decentralized.
And so, on the Binance Blockchain, to some extent, at the moment, you can earn more than on the same Ethereum.
But still, BNB is a partially centralized coin, while ETH is completely free and decentralized.
Well yes BNB being centralised means it’ll get some benefits from governments regarding their promos.
Whereas coming to “Can it be next Ethereum” my answer would be - Not now maybe in future when Centralised projects prefers BNB chain over ETH chain, which is a great possibility when new projects ICO all become centralised.
ETH is popular and only drawback it’s facing atm is of fees which is no doubt very high but intended to be fixed on next update.
I think Binance will behave like Ethereum in the future. Currently many projects are being launched on Binance platform. As in the Ether plot form before.
The chance that Binance will undergo same alike ETH is very possible.
With the development that's ongoing now for this chain, it's been used as alternatives since the fees from ERC is too high.
Expect that there are many potentials coming from this assets and lots of promising hype incoming years as it's still
moving upwards and developing.
Agree to that, after witnessing what's happening right now with ETH network.,
It will build a good foundation with BNB developers, resolving this issue and avoid that it will also happened with their system,
BNB can prevent that and they are able to learn from how things take place, it's a good advantages since they are well aware
with what's the possibilities and how they can adjust to provide much better services.
The slower it is fixed by ethereum, the greater the chance for BNB to compete with Ethereum. It is important to know that the constraints that ethereum currently have are FATAL and can be felt by everyone. And it is possible that previous EThereum users will switch to BNB
We can see at this point that BNB is competing with Cardano and Tether in terms of ranking and even those three are often seen in the top three on the Coinmarketcap site ranking, meaning that both tokens like Cardano and Tether are very real things BNB should beat at the time this, and if BNB has started to win a lot against the two tokens, I think it is very balanced to compete with Ethereum, but if that doesn't exist, it seems that there is still a little difficulty for BNB in terms of this competition. yes right, I agree with what you said. The competition between ethereum and binance is a big competition where both of them show each other new innovations that both of them have. The two altcoins continue to grow, but many people hope that their weaknesses will be immediately fixed by the team or developer. like a weakness on ethereum at the moment.
Yes, I hope they can solve this problem as soon as possible. because the community on the ethereum network is quite crowded and has quite a lot of dex market too
if this problem can be resolved as quickly as possible, surely the eth value can return and even increase because the existing complaints can be reduced
I think Binance will behave like Ethereum in the future. Currently many projects are being launched on Binance platform. As in the Ether plot form before.
it is natural that binance will follow the path of eth, because in fact the development of eth is indeed good, and the name eth has now become a big name in the altcoin world
This is very possible and chances are great as we can see Binance smart chain is growing rapidly and BNB price will follow. All other BSC network projects have massive gains such as Pancakeswap -which is the most famous BSC network product- and Beefy finance, Autofarm, Pancakebunny and a lot of dex and infrastructure products.
I think Binance will behave like Ethereum in the future. Currently many projects are being launched on Binance platform. As in the Ether plot form before.
The chance that Binance will undergo same alike ETH is very possible.
With the development that's ongoing now for this chain, it's been used as alternatives since the fees from ERC is too high.
Expect that there are many potentials coming from this assets and lots of promising hype incoming years as it's still
moving upwards and developing.
I think Binance will behave like Ethereum in the future. Currently many projects are being launched on Binance platform. As in the Ether plot form before.
The chance that Binance will undergo same alike ETH is very possible.
With the development that's ongoing now for this chain, it's been used as alternatives since the fees from ERC is too high.
Expect that there are many potentials coming from this assets and lots of promising hype incoming years as it's still
moving upwards and developing.
I think Binance will behave like Ethereum in the future. Currently many projects are being launched on Binance platform. As in the Ether plot form before.
Yes, I hope they can solve this problem as soon as possible. because the community on the ethereum network is quite crowded and has quite a lot of dex market too
if this problem can be resolved as quickly as possible, surely the eth value can return and even increase because the existing complaints can be reduced
as we can see if the price of Binance has risen very high for now and even all the coin that use Binance smart chain have also increased very high and of course gas fees from Binance are very low compared to Ethereum, so there is a possibility that in the future there will be many projects using blockchain from Binance and that is an opportunity for Binance to replace Ethereum (become the king of all altcoin).
so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?
so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?
If we talk about Binance and compare its capabilities and offers at the moment with Ethereum, then Binance undoubtedly has a number of good advantages that have already significantly improved its position in the crypto market. However, I would not say that Binance will become the second Ethereum. The fact is that one cryptocurrency cannot replace another, it can only get worse or better, but this takes time. Of course, ETH is now having problems with high fees, and this is what now makes it possible to start doubting the future of ETH, but everything may change when this problem is resolved.
Hopefully problems like this gas cost don't last long as many have complained about this problem. Hopefully ethereum can provide a good solution.
Right, but for now I still believe in Ethereum because Ethereum will soon deal with this cost issue, especially in this year and hopefully their work can run smoothly so that costs on the Ethereum network can return to normal.
Looking at the development of this platform, I think that everything is possible, but with the release of Ethereum 2.0, everything can change.
And so, on the Binance Blockchain, to some extent, at the moment, you can earn more than on the same Ethereum.
But still, BNB is a partially centralized coin, while ETH is completely free and decentralized.
And so, on the Binance Blockchain, to some extent, at the moment, you can earn more than on the same Ethereum.
But still, BNB is a partially centralized coin, while ETH is completely free and decentralized.
I do not think so binance could be defeat ethereum. Binance will be people’s choice for joining bsc project. But Leaving etehreum for people’s it is impossible. Though we know that people are aware of this all because of ethereum high gas fees where bnb has soo much less. But you have to remember binance exchange control the whole thing that is why they an cotrol the fees. But you have to remember non any exchange control eth network so users control ta gas fees. That means user still loved to work with ethereum project. Well i am not saying that bsc project are worst. No its not bsc is also a best project from their network. But we can't compare each other. Because we know that ethereum 2.0 is coming to solve the issue of eth gas fees. And we have to remember that ethereum is a fully decentralized where bnb is controled by binance exchange so it is not fully Decentralized.
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I totally with the poster, the number reason why binance is likely to replace Ethereum is cus the high transaction fees on the Ethereum blockchain, it has been a major challenge for the network and its looks like a solution isn't even in sight soonest, so everyone is running to binance smart chain cus of the cheaper fees there, I agree that if Ethereum fails to find a solution to the high transaction fees issue in a year or two from now, binance coin is likely to become more expensive than Ethereum eth, but of course this is if binance as an exchange continue to maintain a good reputation and standard.
Binance is centralized platform, im not sure about it. True crypto fans will avoid it. In addition, we soon will see ETH 2.0
I think it's only for now, Binace only have some Centralized Validator and if i'm not wrong it will become public and fully decentralized, I saw some tweet before but forgot to screenshoot it. Well ETH 2.0 and EIP-1559 is the only hope for current ridiculous gas fee today, Let's wait and hope it can be implemented soon. I think yes, because many platforms have implemented BSC on their platforms. BSC is considered faster, safer, and lower fees compared to Ethereum blockchain technology, therefore many platforms will switch to BSC.
You can say that BSC is faster and lower fees but you cannot call them safe because there are many variables you need to understand. It is a centralized platform and any major hack you might see them disappearing and then later of compensate the users with quarter of the coins you own and we had seen many markets going down in the past, only time will tell what the future holds. Jump to: