will Binance be the next Ethereum? - page 8.

Sendi blackspade team

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Quote from: carlisle1 on April 11, 2021, 12:01:58 PM

Something that Binance already proven before, there are lots of attacks and it's not hidden to the public, Binance able to established trust to their users and until now the site are still gaining more traders and developers to use this platform.

Another thing that influence the growth is how this BSC chain attracting more users, the competition between ETH is now being felt.

But like what you said, ETH will not give it up easily, there are updates to expect from the team adjustments that will continue holding their position.

The competition between binance and ethereum is currently heating up, binance's agile movement in reading the situation is very efficient, lately there has been a lot of talk about burning tokens on binance, and of course there will be buybacks to boost prices, maybe yesterday's increase also happened because of events that same.

On the other hand, ETH does not remain silent, they are currently pursuing immediately launching new innovations in order to answer the coin owners' concerns in terms of costs, a big name that cannot be underestimated this time wants to show that they are not small children who will just watch the movement. competitors and proving that the ETH team are professionals in their fields

Dhoe

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Quote from: hamba laeh on April 11, 2021, 03:21:47 PM

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?

I don't think Binance will replace Ethereum as the king of altcoins because both have different advantages and disadvantages of each. Currently, many are using binance smart contracts (BSC) due to the high transaction fees of Ethereum, so many projects have switched to using BSC. But it's not because many use BSC, it's not necessarily that BSC is able to replace Ethereum's role. because I believe ethereum transaction costs will be low again, and new projects will also return to using the ethereum platform.

Binance have raise above $500 now but ethereum have been success reach above $2000 and not possibility and looks impossible BSC or BNB can replace ethereum position. I think need $1,500 more to see BNB have the same price with ethereum and impossible if ethereum price not wake up and raise to higher price, but I believe one day etehreum more higher price and again and close with bitcoin price.

paxmao

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It cannot be the next ethereum in all aspects that is for sure. A privately owned chain is designed to serve the business (Binance) primarely and take into account the need of growth and profit of the company. In a sector such as crypto, which, in all honesty, there is a lot about hype, having a company controlling the projects and encouraging development leads to creating solutions to problems that do not exist and will not exist ever.

Having said that, either the Ethereum project goes to a lower fee scheme of working (typically staking) or BNB is going to be taking their share. There may be a point beyond which it may not be able to recover.

hamba laeh

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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?

I don't think Binance will replace Ethereum as the king of altcoins because both have different advantages and disadvantages of each. Currently, many are using binance smart contracts (BSC) due to the high transaction fees of Ethereum, so many projects have switched to using BSC. But it's not because many use BSC, it's not necessarily that BSC is able to replace Ethereum's role. because I believe ethereum transaction costs will be low again, and new projects will also return to using the ethereum platform.

Momoamzad

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It can be the next ethuriam. Has more chance to be star of future. Binance has that capability to make investor to invest in BNB coin/ people showing more power to BnB . ETH is also same race . finance can make defi FARMING very easily it attracts people towards finance

omone1

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As we stand now, BNB is eyeing to overtake ETH because of huge ETH network fee that is bad for business. I have abandoned about 98% of my ERC20 tokens to face BEP20 tokens because of the high cost of trading on uniswap. Let's wait for uniswap V3 and see how they encourage traders. Binance Smartchain only need good and solid projects.

Dhoe

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Binance get everything and easy how to make many investor want to buy and hold BNB, wait and see when have new IEO on binance many investor buy BNB coin and binance exchange collected billion BNB coin for one IEO only, how come if every month they make IEO exactly BNB will be the next ethereum and can be under bitcoin price.

carlisle1

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Quote from: conected on April 11, 2021, 06:25:06 AM

Quote from: Fortify on April 11, 2021, 03:08:07 AM

The only downside I can see with BNB is that it is loosely tied with the reputation of the Binance company. If Binance were to suffer any sort of hacking attack then it might knock the reputation of BNB. I'm sure Binance has some of the best security out there, but it only takes one little newly discovered exploit and suddenly the brand could suffer heavy damage. To the average buyer of BNB they might see a string of bad news stories attached to Binance and make the wrong assumptions about the reliability of this cryptocoin. Besides that, I've used the Binance exchange in the past and found it really useful so BNB will have a bright future if they keep going.

- The downside you say seems to be the strongest point we can count on BNB because so far, the status of hacker attacks and the damage to binance exchanges is always very low and over time, hacked cases have disappeared due to the drastic upgrade of the system, another plus point is that the projects here especially always receive support. Too much economic resources here could soon threaten ethereum but ethereum is also not accepting giving up its position too easily, strong resistance is also pulling more resources and expanding development faster.

Something that Binance already proven before, there are lots of attacks and it's not hidden to the public, Binance able to established trust to their users and until now the site are still gaining more traders and developers to use this platform.

Another thing that influence the growth is how this BSC chain attracting more users, the competition between ETH is now being felt.

But like what you said, ETH will not give it up easily, there are updates to expect from the team adjustments that will continue holding their position.

Asuspawer09

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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?

Absolutely, I think Binance this year would skyrocket its market price in the market especially because of the BSC network that solves the issues when it comes to transaction fees which is a problem in the ETH network.

We can see Binance reaching the market price of 2500$ just like what Ethereum is doing and probably going to surpass ETH if Ethereum didn't solve or the ETH 2.0 just sucks.

Plus the token burn that the Binance token is doing will really push the market price of Binance to its peak, it's just nice making a transaction in the BSC network just having a low fee in the network.

kaka manteng

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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?

maybe what you say about binance is true.
But we also don't have to forget that the developer and the Team will try hard to keep developing Ethereum to continue to be the second altcoin after Bitcoin. This means that Ethereum will continue to maintain itself as a digital currency that has many fans.

daenarys_stormborn

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in my opinion it is not impossible if BNB will replace Ethereum's position, because as we know, that BNB's price continues to rise, this continues to happen because ethereum gas fees are already very high, while BNB gas fees are very cheap, therefore people use BNB more than ETH

conected

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Quote from: Fortify on April 11, 2021, 03:08:07 AM

The only downside I can see with BNB is that it is loosely tied with the reputation of the Binance company. If Binance were to suffer any sort of hacking attack then it might knock the reputation of BNB. I'm sure Binance has some of the best security out there, but it only takes one little newly discovered exploit and suddenly the brand could suffer heavy damage. To the average buyer of BNB they might see a string of bad news stories attached to Binance and make the wrong assumptions about the reliability of this cryptocoin. Besides that, I've used the Binance exchange in the past and found it really useful so BNB will have a bright future if they keep going.

- The downside you say seems to be the strongest point we can count on BNB because so far, the status of hacker attacks and the damage to binance exchanges is always very low and over time, hacked cases have disappeared due to the drastic upgrade of the system, another plus point is that the projects here especially always receive support. Too much economic resources here could soon threaten ethereum but ethereum is also not accepting giving up its position too easily, strong resistance is also pulling more resources and expanding development faster.

bitzizzix

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It is possible, if Ethereum does not finish Ethereum 2.0 which is currently in its infancy, Binance can beat Ethereum and it will be a long process.
and besides Ethereum gas cost, most people complain especially small holders they will find it too expensive and will likely go to other altcoins, and the binance gas fee is very small compared to Ethereum and what we know the advantages and popularity of binance has increased a lot lately .

and we can only guess the advantages and disadvantages of both, and but no one knows in the future who will be the best.

Fortify

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The only downside I can see with BNB is that it is loosely tied with the reputation of the Binance company. If Binance were to suffer any sort of hacking attack then it might knock the reputation of BNB. I'm sure Binance has some of the best security out there, but it only takes one little newly discovered exploit and suddenly the brand could suffer heavy damage. To the average buyer of BNB they might see a string of bad news stories attached to Binance and make the wrong assumptions about the reliability of this cryptocoin. Besides that, I've used the Binance exchange in the past and found it really useful so BNB will have a bright future if they keep going.

lxiaoh

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There are a lot of coins be called king of all altcoins in recent years. For example, Eos, but now we all know it was already quit this king of all altcoins game since BM have abandoned it.
Let us assume that many projects using blockchain from Binance oneday, Whether the BSC chain can bear it, my answer is no.
So my opinion is BNB can't replace ETH.

virasog

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Quote from: Yayis on April 10, 2021, 07:55:03 PM

Honestly, Binance and Cardano have a lot of advantages when compared to ETH. Eth however is in another stage

Ethereum has a vast eco system and both Bsc and Ada are not even close to it. Ada also do not have any smart contract live on the chain yet. Bsc is gaining popularity but i am waiting for the Eth 2.0 update and how it will effect the ethereum chain. Once that update is out, ethereum may again outperform other chains who are try to compete it.

Rampagoe004

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Seeing from the current price movement binance is at the best level, even the price is rising so fast that it has a high probability of taking over the current ethreum position, especially at this time the cost of ethreum gas is so high that many projects already use blockchain binance, so for the future it is very likely that bnb price will be equivalent to the current price of ethreum.

Farma

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Quote from: Dhoe on April 10, 2021, 03:02:26 PM

Look close for Binance raise above $1,000 but how stronger BNB coin can weak up above $1,000. Keep stable on higher price or BNB will get correction price after today raise all time high again. Maybe when launchpad make BNB raise to higher price but what about without launchpad can BNB make more powerful their price close with ethereum?

I do not know, in fact, the price of BNB continues to rise and is currently approaching the price of $ 500. I think that the price will really be close to ethereum price, and also the use of BSC is also increasing. If BNB's development is faster than ethereum, I think BNB can really be better than ETH, especially if BNB really covers the weaknesses that ETH has at the moment.

Yayis

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Honestly, Binance and Cardano have a lot of advantages when compared to ETH. Eth however is in another stage

Adreman23

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Quote from: Yaunfitda on February 19, 2021, 11:30:25 AM

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).

For that to happen, majority of projects will have to switch to Binance Main Smart Chain, so far though there are a lot of projects running on it and there could be more assuming that Ethereum's scalability are not going to be solved in the future.

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

so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?

But I wouldn't say it will be the next Ethereum, they can compete which each other, thus this will be good for the ecosystem. But Ethereum are going to stay and can't be replace.

In some point of view because of the high gas fees of ethereum it will forced some holders to hold thier token because they can't afford or they dont want to pay high gas fees and because of this it is in favor on some projects under ethereum blockchain maybe they are thinking twice or doubting to switch to bnb blockchain.

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