Topic: will Binance be the next Ethereum? - page 18. (Read 9649 times)
Many project competing with ethereum and aiming to be the next one. At this early stage we can't say if BNB is the next ethereum even watching its improvement in this industry. We cannot deny that some are adopting this platform because of the fees. Still a lot of the things can happen and can be change that also depends on the majority of the users.
in the current situation, binance has taken a good position. Due to complaints about the high cost of gas on the ethereum network, most of the ERC20 project companies or token holders prefer to switch to the BSC network for a while or even in the future. but I don't think that they will leave ethereum and not only Binance is ethereum's closest competitor, but Polkadot is also among them.
There is a small possibility in the near future but it will depend on the interests of large institutions and in my opinion and analysis we can see that the great increase in market values derives from the strength of this variable. So today we do not see any major interest in decentralized projects and it's worth remembering that ethereum is the largest in the world and has enough funds to leverage ETH prices.
It is true and it is undeniable because ETH has been born in crypto for a long time and there are also so many users of the platform that they always have money through transaction fees made by many people in the past to date even though the current fees are very looks crazy to me, so it's only natural that they have a lot of money to increase the price of their own tokens (ETH). it could be, binance has developed quite well plus the binance exchanger is also getting better. Recently, etherum has also been hit by negative issues regarding the gas price, this could be a binance opportunity if you want to stick to etherum.
You can see some news related to moving the project from the ethereum network to the Binance chain. however, the current state of ethereum is not user-friendly. Binance may take place to increase their popularity when the adoption of new projects using the Binance chain will increase.
There is a small possibility in the near future but it will depend on the interests of large institutions and in my opinion and analysis we can see that the great increase in market values derives from the strength of this variable. So today we do not see any major interest in decentralized projects and it's worth remembering that ethereum is the largest in the world and has enough funds to leverage ETH prices.
As long as the reputation of Binance (exchanges) is good and still become the top exchanges of Centralized exchanges, Binance coin could replace Ethereum.
But we can't deny the fact if Centralized exhanges always have been targeted of hacker and each year there at least 1 exchanges will be hacked, Binance ever got hacked once on 2019.
So, be aware if Binance will get hacked in the future... the coin value will got affected too.
But we can't deny the fact if Centralized exhanges always have been targeted of hacker and each year there at least 1 exchanges will be hacked, Binance ever got hacked once on 2019.
So, be aware if Binance will get hacked in the future... the coin value will got affected too.
Thanks for the concern, but I don't think Binance will allow future hacks as they have been hacked once. Only fools can be hacked twice or multiple times and still not incorporate a full security that will protect their system.
Hacks in the system of binance before tarnish their reputations, so I don't think they will let it happen for another time.
As long as the reputation of Binance (exchanges) is good and still become the top exchanges of Centralized exchanges, Binance coin could replace Ethereum.
But we can't deny the fact if Centralized exhanges always have been targeted of hacker and each year there at least 1 exchanges will be hacked, Binance ever got hacked once on 2019.
So, be aware if Binance will get hacked in the future... the coin value will got affected too.
But we can't deny the fact if Centralized exhanges always have been targeted of hacker and each year there at least 1 exchanges will be hacked, Binance ever got hacked once on 2019.
So, be aware if Binance will get hacked in the future... the coin value will got affected too.
Binance's reputation is very good so it is certain that if it continues like this BNB will catch up with ETH in the future,
but by the time eth version 2 has been released we will see more demand to which platform ETH or BNB is new from
there we will see who will control market.
so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?
We are just tired of Ethereum gas fee and transaction speed. Ethereum network has now high transaction fee with very slow transaction. It takes sometime 24 hours or more to complete a transaction.On the other hand Binance network is very fast and transaction fee is very low. So the popularity of Binance is increasing everyday. The value of BNB coins has doubled in the last few days.
We really need an alternative to Ethereum now. And I think Binance is the best option to replace Ethereum.
Others know that Bnb's gas fee is really lower than Ethereum so many users use bnb transactions but for my opinion if bnb can replace ethereum in coinmarket my answer depends on it because no matter how high the gas fee of ethereum there are still many consumers and users of it one of them is the ethereum miners due to the very high price no ethereum now ethereum miner is also increasing so it just depends on the project if more bnb can be proven and can which is even more helpful to people with the possibility that bnb can replace ethereum in coinmarket.
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?
There is that argument that is going on right now that if Binance and BNB is performing or providing same services like the Ethereum even with much lower fees, why shouldn't the price of BNB just as high as that of Ether? I believe this will be a matter of time as we can see how quick the price of BNB is rising and I know or want to believe most projects will also be looking at migrating to the Binance Chain network to take advantage of this low transaction fee. This is really hurting Ethereum network and I also believe this is why Eth price has not really perform more than it is currently.
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?
It's too early to tell, we'll see that when the Ethereum 2.0 launch, right now there's a lot of complaints on Ethereum's transaction so people are now looking it negatively and looking for a good alternative, Ethereum still the same still going up and it's too hard to tell if Binance is a new replacement for Ethereum because it's not weakening.
~20 nodes. centralized.
for now binance coin with BSC is a good choice to invest, but for sure this coin will not replacing ethereum
because in my opinion ethereum still too strong for binance coin my friend
Agree, In fact, Binance is just trying to create an impetus to compete with the Hot defi product with the renovated BSC compared to ETH. Gas charges will not be an obstacle to the potential that EThereum 2.0 offers. because in my opinion ethereum still too strong for binance coin my friend
Personally, I rate the potential of Dot, ADA higher, although the blooming of BNB is surpassing, I cannot guarantee. It is similar to XRP which has surpassed ETH 2 times but also had similar results.
As long as the reputation of Binance (exchanges) is good and still become the top exchanges of Centralized exchanges, Binance coin could replace Ethereum.
But we can't deny the fact if Centralized exhanges always have been targeted of hacker and each year there at least 1 exchanges will be hacked, Binance ever got hacked once on 2019.
So, be aware if Binance will get hacked in the future... the coin value will got affected too.
I think it makes no sense to compare the hacking of exchanges with the blockchain. Centralized exchanges are really at risk, but still, if you look at the whole picture, no exchange (even centralized or decentralized) is 100% protected from hacking But we can't deny the fact if Centralized exhanges always have been targeted of hacker and each year there at least 1 exchanges will be hacked, Binance ever got hacked once on 2019.
So, be aware if Binance will get hacked in the future... the coin value will got affected too.
for now binance coin with BSC is a good choice to invest, but for sure this coin will not replacing ethereum
because in my opinion ethereum still too strong for binance coin my friend
Too strong doesn't necessarily mean it can't replace ethereum though, but If it's difficult to replace Ethereum then I do agree, unless BNB could increase many times than the current price in such short amount of time maybe?because in my opinion ethereum still too strong for binance coin my friend
but considering how the valuation of BNB still fall behind like really far Im assuming its not gnona happen this year
It depends, the more Binance gets recognition the more it becomes vulnerable to hacks and errors so we can't really say anything about replacing which because the world is a scary place and your happiness today might become your biggest fear tomorrow.
Maybe Binance will be the next ethereum if have lower fees transaction and ethereum keep stable with higher fees for sending coin, many trader like using BNB have lower fees and sending without delay. But if you use ethereum you have ready with failed and your fund loss if using little lower fees transaction, but now I like with BNB coin because many people will move to BNB coin and keep profitable for the future.
They come with good technology and a good investment. Every investor, big or small, can take advantage of these opportunities. So I think its popularity will increase for a long time.
But ethereum is also pretty strong and has been at number 2 for years. It will not be easy to reach
But ethereum is also pretty strong and has been at number 2 for years. It will not be easy to reach
Unless something dramatic and big can happen to affect the viability of Binance in its business and its blockchain network, I think there is really that possibility that BNB is going to go after the leadership of Ethereum in the world of altcoins. We have to admit that Ethereum remains to be bogged down by excruciating and unbelievable transaction fees for a cryptocurrency platform, something that is actually not so acceptable especially to small players just like me. Let this then be the biggest challenge to the people behind Ethereum...shape up or start facing the inundation from BNB, not to mention that Cardano, Dot are also coming up to challenge the overall leadership in altcoins.
Binance coin shows a very promising run only within the first two months of this year by pumping its value hugely. I think that if the developer of this continue to innovate and make development and enhancement on its blockchain, it can surpass and out performed ETH in the long run especialy if ethereum developers will not fix several issues that they are having right now.
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