will Binance be the next Ethereum? - page 19.

Silberman

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Quote from: kevinzxz on February 19, 2021, 10:03:47 AM

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?

The possibility is there without a doubt, but I am not so sure that I like it, ETH despite all of its problems is still a coin that is sufficiently decentralized while the binance coin is owned by an exchange, I am not so sure it is on the best interest of new developers to use their blockchain even if the fees are currently cheaper, however we know that when it comes to most markets ideologies do not matter and at the end all what matters is how cheap or expensive something is, and right now binance has a great advantage over ETH when it comes to the fees that is increasing its adoption very quickly during this bull run.

Congyang

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Binance tokens or called BNB have a large capital market, with the support of large exchanges such as Binance, this could be one of the potentials for binance to become the next ethereum. I think this is not just bullshit, but indeed the potential of Binance has been seen since its initial public launch.

BuNga_cute

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If you look at the performance of BNB in the last few days, it is indeed surprising and convinced me that BNB has the potential to go even higher.
But to be able to replace Ethereum is still impossible in my opinion, because of the high popularity of Ethereum. Although the Binance Smart Chain is
much better when compared to Ethereum smart contracts.

But Binance Smart Chain needs to put in some promotion and hard work to attract lots of investors. Actually it is still too early to conclude that BNB
can replace Ethereum or not. It takes more proof from BNB to convince Ethereum platform users to switch to using the Binance Smart Chain.

JNR

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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

LordMiguel

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it certain that will Never will we see binance create or replace ethereum. also note that binance can never achieve the same road map and success recorded by ethereum. the question has been answered several times. will a slave outshine his master? maybe but binance will never replace ethereum smart contract. not by liquidity or marketcap.

tippytoes

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In fact the possibility is real binance is gaining more and more value and interest but I believe that this happens mainly only for the high fees on the eth blockchain, if this trend does not reverse soon bnb could take the place of eth in the top positions of the rankings

That is, if eth network will not resolve their high gas fees. But there is news that eth devs will release their berlin hard fork this april 14

https://www.coindesk.com/ethereum-core-developers-mid-april-berlin-hard-fork

So from the above article, it mentions about the optimization of gas efficiencies.Which means, maybe we will finally see the reduction of gas fees. So we still need to wait about a couple of months before we see such development in eth network.

KimmyF

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Quote from: kevinzxz on February 19, 2021, 10:03:47 AM

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?

Only this point can't make Binance a top blockchain. I never thought that any coin could be replaced with Ethereum until this time. Until ETH 2.0 full results, we can't justify both blockchain. Tron transaction cost is much lower than Ethereum since we got Tron blockchain still ETH now, Ethereum is the second one. We know that Ripple surpasses the ETH market, but now Ripple is in 7th position. Binance blockchain could take the test of second position but can't be replaced.

Dutchyyy

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If Binance Smart Chain continues to attract more and more people and projects to use the services of their technology, there is a real chance that Binance will displace Ethereum in my opinion.

They are doing quite well in developing their project.

Henrobakkara

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yes I think binance has a very big chance to shift ethereum's position, because fees are a problem for ethereum makes everyone disappointed and many new projects are currently switching to the binance platform, if this continues then binance will be the king of altcoins

konflikkastil

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My answer is going to be in two ways, and the first is that, Binance could actually become the king of all altcoins if the high gas fee in eth is not regulated on time. The gas fee is so high that people are already looking for an alternative.And if Binance could solve this issue and allow other coin to use their blockchain, that will automatically dethroned ETH. And it will have a positive effects on the Binance Exchange. Which could make it's price to go up so high. And it's just a matter of time, it can surpass ETH in no time. The second part, is that ETH is very popular and it will take an extra job from any coin to come close to it, but this is not an impossible thing to happen. Maybe, we should look forward to something like that in the nearest future.

Mpamaegbu

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Quote from: kevinzxz on February 19, 2021, 10:03:47 AM

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?

There's no grounds for comparison of ETH with any other alts because what goes on in ETH as gas fees is pure extortion. Honestly, ETH pisses me off now with all that. There's a swap I have been meaning to do for the past week on ERC but the gas fee is crazy and that has kept the project hanging. This night I did a swap on Binance Smart Chain (BSC) and it went like the speed of light with a minimal charge. I think other smart contracts should make themselves attractive at this time to projects so that ETH and all its extortions will be put to rest finally.

Bitcoinislife09

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Quote from: kevinzxz on February 19, 2021, 10:03:47 AM

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?

Binance coin is a good investment but for me, it's not going to surpass Ethereum or even bitcoin. As an exchange coin, I think the coin will just depend on the exchange Binance. After the ETH 2.0 im expecting the ETH to skyrocket its market price in the market so I think Binance will have no chance to catch up will that. Binance exchange is doing a good job and climbing to be in the top exchanges and they just burn a lot of the token supply bumping the market price of Binance up. Ethereum will for sure catch up in the price of bitcoin soon.

Fivestar4everMVP

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Well, in my personal opinion, I think Ethereum had a lot of fight to fight to continue to stay on top as the king of altcoins, else, binance is likely to take that title from her, the number one reason binance is gaining ground so much is because of the high transaction fees on Ethereum network and binance has the lower transaction cost so most projects now are flocking to binance chain, even some good projects that have been on Ethereum blockchain for years are now migrating to binance chain because of its low transactions fees compare to Ethereum, Ethereum should better stand up else, binance is likely to take over.

meldrio1

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I think yes there is possibility that Binance will be the next ethereum if this high gas fee problem is still going on. I thought Ethereum will not be replace because of popularity but with this high gas fee, people will surely change their mind and will migrate into Binance.

Farma

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BNB is a really good quality coin for now, and I also think that its potential could surpass ethereum. as far as I can see, the current development of ethereum has been extraordinary. it's just that, quite a lot of people complain about the huge fee. however, if Binance continues to develop BNB into a coin that has a platform that surpasses ethereum, or is able to replace ethereum in dealing with transactions, I think BNB has the opportunity to do so.

Pierre 2

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I think its quickly becoming new Ethereum already very quickly. Every other day I wake up to new projects launching on Binance Smart Chain. Its fees are very low and its so quick blockchain. I mean there are literally no problems, no headaches I regularly had with Ethereum. I think we may safely bet BNB market cap will hit #2 in coinmarketcap in couple of months. All these DeFi projects which people making money are Binance chain and you need more BNB to feed those farms. Oh there are launchpad projects too that you need BNB to join. Everything feels great with BNB.

Traderbtcc

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Quote from: magnum cyber on February 19, 2021, 12:07:12 PM

Since currently the cost of gas on Ethereum is absurd, people are starting to complain about it. , the Ethereum project team has not been able to solve this problem. and I am a little worried that if ethereum gas costs become more expensive, it is possible that investors will prefer or switch to the Binance Smartchain platform with very low transaction fees.

Since eth crossed $1000 I think small investors have already stopped using it for transactions, cause they can't afford the high gas fees any more, I think sooner or later large investors will follow them cause they will eventually get tired of using DEX's that run on Ethereum Network, recently I have seen some projects that run on eth blockchain like "Ren" moving over to BSC, if the ETH 2.0 isn't launched soon bnb might flip Ethereum.

m_nief

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Quote from: TinaK on February 19, 2021, 01:07:16 PM

Quote from: m_nief on February 19, 2021, 12:14:06 PM

it could happen at some point. Binance has more advantages than ethereum. The increasing number of projects based on binance smartchain will slowly shift the popularity of ethereum

Ethereum marketcap is more larger than Binance so it will never beat the ETH. Majority of the investors are recently concentrate the Binance so it make huge growth on recent days and we are always hold some ETH on forever long term investment so it will maintain a same range on further years. I hope we never shift on ETH to BNB.

i think investors are not only concentrating on the size of the growth on Binance, but also considering ethereum's higher transaction fees. that's the reason why recently many investors using Binance smartchain

danherbias07

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Demands are getting higher because of the freebies from staking.
But, it won't be long before this goes slower.
Low transaction fee might be the next answer for this to continue.
If Ethereum won't change with that high tx fee then yes, Binance coin might be the next best altcoin that had been created.

shinratensei_

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In my opinion, Binance is not a replacement or competitor to Ethereum, but rather Binance is compatible with Ethereum.

Compatible for what? that sounds very strange for me to hear that dude. Did you see that there are some major platforms that used ethereum tokenization that has been starting to consider migrating their tokens to the BSC platforms due to the high fees? This could be a serious problem as these platforms have thousands of users and that was giving a lot of contribution to the ethereum network.
Binance will always become a competitor for ethereum. CZ aimed to expand the domination of binance.

Topic: will Binance be the next Ethereum? - page 19. (Read 9649 times)