Topic: will Binance be the next Ethereum? - page 2. (Read 9589 times)

Looking at the market cap and trading volume over 24 hours, BNB is still far from ranking to replace ETH, ethereum transaction fees are a bit of an issue when one trades on Dex exchanges like Uniswap, but BSC Network and DEX exchanges provide lower prices for gas fees, only timing changed everything, Binanace is doing what community members want, BSC was good and ETH was too good, we can see the two competing and hopefully DEX trading fees will be lower on the Ethereum network.

Is there news about the so called "changes" they should be doing with ETH to keep the fees down? Not that much of a reader lately due to many crypto related things I do. Anyway all I can see in this is that Binance will certainly have a hard time to surpass Ethereum, since the market cap is 26 or 25 times that of Ethereum, I think. I will take a while before it becomes number 2. I am not saying it is impossible, I am saying that it is somewhat hard for it to reach second status anytime soon.

Binance has proven to be a major runner to Ethereum, no doubt Binance is huge and actually making a difference. Binance also has the potentials to do so well in terms of upward price action due to both technical and fundamental indications. But I cannot clearly tell if Binance is the next Ethereum.

Well, currently ethereum has dominated the altcoin market compared to BSC. it's just that, there are quite a few advantages that BSC currently has that can be a weapon to beat Ethereum. even today, BSC is still trying to grow more than ethereum does. however, still, currently quite a lot of people are inclined towards ETH over BNB.

Almost all use the Binance Smart Chain and the average coin that uses the Binance Smart Chain is good and has a price. That's right.
To be the next Ethereum I don't think so. BNB is a coin that uses the Ethereum blockchain, so how can it become the next Ethereum. The price of the Question is also ETH above BNB.

binance can surpass ethereum because binance has the support of many parties and a strong network. but we don't know when it will happen, the most important thing is that we have to know if the potential for binance is big to become the next ethereum

we need to look  how transaction in binance smart chain network if want to said bsc take over ethereum or not. if we talking about this , i am belive bsc already take over ethereum. bu unfortunately cryptocommunity ignore this indicator and most of them only analize based price.


check on daily transaction number either in bsc or ethereum and you will able identify which platform used by most project in crypto market now.

Of course, it would not be unreasonable to call a binary coin the next name given the way the price of binary coins is rising. Binance Coin is currently ranked third in the cryptocurrency market. In terms of popularity, of course, it is behind Etherium, but it will not take long to leak Etherium.

There are many topics that are almost the same as what you said. There may be some truth in what you say, because Binance is one of the most popular coins.
But some say that, will Polkadot be the next Ethereum?
Those who ask so only see a temporary trend.
But Vitalik is not sleeping when it comes to Ethereum and Blockchain development. He constantly thinks of the best for Ethereum and Ethereum Blockchain users.
Hardfork Ethereum is one strategy to increase Ethereum enthusiasts, and upgrading Ethereum V2 is also one of the steps to support Ethereum becoming more popular. Burning the amount of Ethereum for every transaction made right now to increase the price of Ethereum.
The development of the token version from ERC20 to ERC721 is also one of the steps to improve the Ethereum blockchain to be more powerful than the others.
So will Binance be the next Ethereum?
I think this is something difficult. Although the blockchain system is almost the same as Ethereum.
Regarding the gas fee for each transaction.
I think the gas fees of Ethereum transactions with BSC are almost the same, which is 0.001 for token transactions, and 0.0006 for BSC transactions. If the price of Binance is the same as the price of Ethereum. So the costs incurred for each transaction are also the same.

We are very hungry for new technology when Ethereum is getting older and older, new projects are ready to take opportunity. The simple answer is Ethereum 2.0 service. If Ethereum 2.0 can fulfil our demand, then Ethereum is our future. Already Ethereum 2.0 is performing well and has lower transaction costs than others. definitely Ethereum 2.0 is our future as my prediction.

many people will certainly doubt the BSC situation will be like ethereum. although BSC came up as the best solution and grew BNB adoption tremendously. but ethereum is still very strong in the market.
I believe binance and ethereum to be the platforms with their best development.

The BSC appeared very in time, in fact it was a response to people's requests, because everyone had to deal with an unacceptably high cost of transactions in the Ethereum network, it is obvious that this could not last forever.
But now transactions have become cheap, not as cheap as in the BSC, but nonetheless. I doubt it.

No. It may gain on BTC significantly, but I doubt it will "take over." Eth upgrades done and BTC has upgrades coming too, and Taproot will give BTC the ability to complete with ETH for a lot of the projects that involve Smart Contracts.

I think that as long as Binance can't replace Ethereum in terms of market capitalization, then Binance's smart contracts won't have much effect let alone replace Ethereum from the king of smart contracts that have been running smoothly on the Ethereum blockchain.

Binance is already using the same blockchain system as Ethereum. Even an Ethereum wallet can be used to accept Binance tokens (BEP20). But to replace Ethereum from the king of smart contracts, I think this is still far from expectations. Because many projects on the Ethereum smart chain have been very successful. Indeed, currently many new products are being launched based on Binance smart contracts at quite attractive prices. However, Ethereum is also impossible to run in place. Ethereum developers will also do their best.

As we all know that now Ethereum fee is decreasing so now there will be no problem of transaction fee to users, Now Binance have to create many features by which Binance can beat Ethereum, Ethereum will continue increasing and many good projects will be created here in this network.

As we all know that Binance is the biggest exchange. Now many new and good projects are being created on Binance smart contract, so It can compete with Ethereum, but Ethereum is the king of all altcoins. There is one problem on the Ethereum network that is a high fee. The Binance network fee is very less so many people are now using only Binance Network tokens.

We can't come into conclusion on any of the cryptocurrency. The market trend keeps changing along with the real-time usage and adoption. More the real-time usage more is the growth. Same as that we had ERC 20 platform now most projects prefer the Binance smart chain. This shows the growth of Binance at a good phase, but I don't know how this gonna go beyond ethereum.

Until now, ETH is still the king of altcoins and will never be replaced, because for me ETH has gone further than its competitors regarding smart contracts. there are many who offer low fees but only binance can approach ETH and even then because binance has the best exchange available today. while ETH is always on every exchange, be it dex or cex.

Don't know about next ETH but sure it can give a tough competition to Ethereum.