Bitcoin Forum

It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.

that chain should be a centralized chain. this time people are getting a big hype caused by that but that will not be so long. People was expecting a lot with it when it gets released and there will be a U turn.
This is a speculation market

Binance has such great strength because it has a strong support in the market. but if you notice that ethereum has built a very large community so that to defeat ethereum domination is a very heavy work. takes a long time to realize this, binance is a strong threat.

If it is a centralised even semi decentralised  there will be chances huge manipulation . BNB one of the most rusted coin now it is moving away form ERC20 token . After EOS launched mainnet ethereum price decreased now another one of the most popular coin going out of ethereum smart contract definitely it will effect ethereum for soem time

The power and popularity of Binance can't be questioned.

But about the chain, obviously it is run by a company (BNB) and that looks like a centralized chain.

Binance coin is a very good altcoin and a must to serious investors but comparing to ethereum is not making sense because ETH has something  bnb doesn't and that's smartcontract

Etherium will still remain the best and largest platform for contract development, it may affect its price but eventually everything will be stable, so far etherium has successfully launched a lot of coins and tokens through its platform, it will take any other platform million miles to get there. Soon they will all be living in their separate world. Bnb should just be careful, they can't be master of all trades. A lot however will depend on how successful their first launch is.

AFAIK it is centralized. How could it be decentralized, if it is a new network backed up by a company. Even if it is a big company like Binance, you are still betting on the success of that company when you buy its shares. So no. I think it is not a competitor to Ether. Ether, as flawed as it is, is still much more decentralized than this new mainnet. If you want something that is really decentralized, it is Bitcoin.

There are over 100 competitor for Ethereum. All of them wants to take over Ethereum place... And no one can make it until now.

I guess BNB can't take over also. Believe or not Ethereum is one of the decentralized network ever. So BNB won't be never. Always CZ can manipulate it. I think Binance is number one of this market but it is not about the network. It is about exchanges.

Still, everything is possible in this market. We will watch and see soon.

This will be great topic to discuss, In my opinion binance own chain is a big challenge for ethereum to stay on top as token creation platform. But, it's not stop over there, this will also a challenge for binance to keep their exchange become the best exchange in the world. If not, then binance chain will not really useful.

in my opinion, what the Binance did is not necessary for the community. This is a simple manipulation for making money, but not for the growth of cryptocurrency in general.

Binance chain is a centralized chain. If you will compare to ETH, then it will be centralized vs decentralized chain. Decentralized will win all the way.

Hello! Totally agree with you! Binance is definitely the best exchange without any doubt! more such exchanges like Binance)

It is possible that Binance will remove Ethereum. We saw what makes now announces that some project will migrate to Binance chain - it is pamped. Aother new project who make migration announcment is Atomic wallet and now thy raise 155% after publishing of announcment.

Binance chain would be a threat to all of the chain in the market, including the Ethereum blockchain, Bitcoin, EOS and etc. As we all know, binance has done very great in managing most of the transaction of most of the traders worldwide. If they would going to take the advantage to launch their own chain, other altcoins might be created which will eventually, might turn the market favor to BNB coin.

I can agree with you about this and Binance Chain is really just a Binance exchange tool, but it certainly makes more projects use BNB in the future. It can be seen that ETH has not had any development in the last few months and this makes BNB have the best opportunity to develop and will certainly be an opponent that makes ETH change in the future .

ETH is no more less centralized than Binance Chain.

As long as Vitalik lives this is how it is going to be.

Will Binance Chain be a threat to ETH, absolutely it will. If ETH wants to win this, it needs to show something real instead of empty promises.

Binance is one of the most successful businesses in the crypto sphere. Now they are launching their own blockchain and they are going to compete with all the major crypto currencies, but it need to defeat Ripple and LTC first.

In principle, this new confrontation is good for the concept of cryptocurrency itself and these currencies themselves.
Each side has its own significant pros and cons, the struggle will be interesting.
But it seems to me that after all, ETH will be ahead, it will not be stopped.

No. Ethereum still has the #2 position of the coinmarketcap and its way more popular than binance chain. Since it is an exchange coin, I don't think it would get popular around.

I don't think it will give any treat to ethereum, not even close. Binance might got their hands on the IEO, but that's only because their trading platform has a lot of users. The thing is, the Binance Chain will target mostly developers, and traders and developers are very different community.  Ethereum has made a very friendly platform for developers since it is decentralized, stable, and scalability is great. The Binance Chain on the other hand, I believe it will be centralized and that's already not good.

Source: https://support.binance.com/hc/en-us/articles/360001668872-Binance-Chain-Cryptocurrency-Exchange

ETH and Binance have different use case as stated above. Binance chain is a chain for trading, while ETH is a dApps platform. Interesting to see what "transition from being a company to a community" really means. IMO it's a centralized chain like EOS but with a fewer use case.

Maybe yes or no, i think all depends on what majority of people decide, to use Ethereum or Binance chain or both to hold ERC20 tokens and transfer them.

No, I don't think so, until now ethereum is still the best coin crypto number two after bitcoin and binance have not been able to outperform it and certainly they have their advantages or advantages

Binance has been doing great even in the bear season to protect the crypto world by making lots of cool moves (successful ICOs, improving their infrastructure, supporting start-ups, etc.). However,  there is no question they are dominating the crypto world. Dominating the market is not a good thing as we are aiming to have a decentralized world.

just hype, and the opportunity to earn easy money, I think need to use this only for earn money on pump, when release  announcement partnership with another coins

As part of the pivot, holders of Binance Coin (BNB), which is presently an ERC20 token hosted on the Ethereum network, will participate in a mainnet swap that will see their tokens shifted to the new BEP2 token standard of Binance Chain. Which is for me a big threat to ethereum.

no need to discuss that binance is good or not but anyway ethereum is a different one, some coins have a good and different places in the market. bitcoin, ethereum, binance, monero etc.

Its hard to say this one right now since this is just a rumor, but if binance make a good development like this, then this is a big challenge for ETH to do better also. Its not easy to defeat the number 2 coin right now, but we must open for this possibilities and continue to invest on the right coins.

Even if binance turns out to be a very good investment and a successful one, it is still not a threat to etehreum because both of them have totally different concepts and different use in different situations, etehreum has smart contracts and binance is for exchanging, but it is a sure thing that binance is very popular and will provide good profit for those who will invest in it, since there is so much support from the community for it.

binance coin good coin but price higher then ETH, maybe its too late to buy this coin? if eth  better why price lower ?

What BINANCE CHAIN, didn't see this one coming. The confirms binance is definitely sealing the deal of becoming the biggest exchange worldwide with all these supporting services and they are already seen to be the best, just hope they won't monopolize the crypto economy.

I do not think that Binance Chain is a competitor for Ethereum. This is very different platforms that have different functionality and different levels of decentralization. I do not think that Binance Chain can replace Ethereum.

These weeks there are a lot of people discussing binary exchanges, previously the issues raised were binance working with CipherTrace to improve security and now binance changed their coin system from ERC20 to Binance Chain.

In my opinion it is all a good step for binance in developing their exchanges, they want their exchange to be more effective and useful for its users. So just wait for the good steps that binance does next.

Binance mainnet will have effect on ETH platform in terms of the user base as some projects will go for it instead for ETH in return to having some benefits. In terms of technology I do not think it will effect ETH as Binance is launching a centralized platform. Binance is building an ecosystem and the mainnet is an important part of it.

The second biggest Chain migration since EOS. I think CZ, Binance and the team are a bit underestimated. Binance controls a larger percentage of cryptocurrency market, advancing technology, great support and innovative. Even Vitalik will admit that Changpeng Zhao Binance is a threat

Binance Chain is an asset exchange platform similar to Waves and Bitshares. I don't think it will ever become a threat to Ethereum.

I think this is the case too. But we should never stop thinking they could challenge Ethereum. What can BNB Chain do that Ethereum can't? Better transaction speed? Anonymity? Do they have smart contracts like Ethereum has? All I can think is that Binance Chain just want its own blockchain to monitor its own coin. CZ is probably thinking of stopping relying on others and make use of his own. NEM and NEO, both Chinese coins has their own chain explorers as well. So it is not that much of a surprise if you ask me.

I think this is more for funding purposes as opposed to utility. They want their money.

I only heard that binance has already sucessfully launched the new chain. I think that binance could easily take Ethereum down and reach it's precious place in the 2nd listing globally if binance's CEO does pick up the right choices :)
We don't hope to see some fights, we only need a clean competition between ETH and BNB.

I like the way you gave an opinion mate because it is not one sided. For me it is too early to tell if Binance coin or BNB will take over Ethereum, why? Because as you have said there are hundreds or thousands of Altcoin competitors of Ethereum that has failed to take over due to Ethereum's strong community and there are a lot of developers that makes upgrades to the Ethereum platform. Ethereum was already accepted by some country's local exchanges and other merchants as mode of payment just like here in my country.

i think we should back to ethereum usage.many ico using ethereum platform meanwhile binance chain recently launched and we still understand about this usage for other projects.so in my opinion this is wrong if binance chain will defeat ethereum.

I don’t think that binance chain be a treat to ethereum. With the support of the community and developers, the number of active users, the security and decentralization that the ether has, it’s like Google in the world of dApps. And I do not see a strong competitor for the ether now. Vitalik will win at the end like with 99% of probability. :)

Binance Chain used for DEX exchange!
Can succeed or not, need more time to assert, But Etherium has been long-term development!

Despite launching a new coin, I believe that binance won't make something that would just compete with Ethereum. Ethereum has proven a lot and has passed a lot of tests to be on top so I think a new coin would never be a threat. Bnb has to undergo a lot of challenges to stand firm but I believe that it would have a good potential since it's supported by binance.

I don't see this being a treat to ethereum in any way.. People need to understand that the first of a kind in the crypto market are difficult to pull down.. Asides from automatically listing on binance. I don't see any other features the binance Chain has to offer..

the CEO binance really ambitious. wanna make a competition again ethereum is really challenging. popularity from binance exchange won't said it wrong. biggest exchange right now
that gonna attrach more peoples for sure

No doubt binance is going places and everything what they are doing seems right and they token is doing exceptionally well as well but lets come to your question, well i think Eth has no serious threat from bnb as we have not seen any serious coin killing the other coin as claimed many times as every coin is unique and has its own community so i think eth has no threat.

I also think so, at least for the very moment. Binance has grown big enough to get rid of undesired dependencies (ETH chain).
However, if the Binance chain runs stable they probably want to expand on it. It could become a huge thing if they do, as it is the first example of a profitable company actively using their own crypto. All other cryptos so far do not have a profitable company behind them!

Many interesting comments here, I enjoyed reading. We must agree on some things, they are big! They are crazy big and they are rising. I dont like them so much, but this is a fact! They are very active in fulfilling their plans, they are doing something all the time. I think they will grow more, definitely! Are they a threat! For sure they are some kind of threat to all other projects, like always competition in crypto is getting harder and harder, that is good for us all!

If I remember correctly, then BNB is still on the ETH platform and this generally doesn’t prevent this project from developing, why should they make their own blockchain? It just doesn't make sense. Therefore, everything is fine.

but Binance invite the projects to move to their chain from Ethereum and this fact can cause some problems for the Ethereum.

BNB will become a top 3 coin in the near future. It brings value on the market and the fact that it is
increasing during a declining market speaks for itself.

At this early stage, I think Binance chain cannot yet overtake Ethereum in terms of adoption and robustness since the later is not yet tested by the public and I guess it would need more time for continuous development and testing to be at par with Ethereum and that will be evident once its released to the public. Also, Ethereum has achieved solid growth over this years and still becoming more stronger, thanks to its roster of developers and projects residing on its ecosystem which are very essential its success. :)

Yes. The market is not big enough now. More money invested to BNB then less money for ETH. ;D

They have similar supply which is over 100 million only, we can say that BNB is really successful this year so far.
ETH on the other hand is not performing well, after it dump to below $100, it only started to increase a little, but courtesy to bitcoin's pump.
I'm not certain that BNB might overtake ETH's success in the future, by it's likely to happen if ETH will not have a good development to show.

Need to clearly understand, that Binance becomes no longer only exchange, it is becoming a complete blockchain platform with own DEX and BEP2 token standard. Price already past last USD ATH and will continue to grow. Many projects no need to have smart contracts and they will start to migrate on Binance chain and this part break away from ETH ecosystem.

The team of Binance have got great ideas and they are putting those ideas to work.
This is why I am not surprised to see BNB grow that much.
The Binance chain, might not yet be a threat to ethereum, but I see it making a lot of impacts, despite being centralized.
A lot of coins will be seen migrate to it, but it will not be able to accommodate all, which is where ethereum will continue to be relevant.

Best code wins..Binance has showed that it can become top rated exchange in the world in no time. So, when they have necessary skills and right talent, they would come up with a chain to give tough competition to others like Ethereum

I would never buy a single BNB coin, I do not trust binance and they will never compete with Ethereum.  Ehtereum does billions of trading volume each day and actually does more transactions than the bitcoin network. Its not even close.

I think the hype you can also pass as an ico , I somehow doubt that bnb replace eth , but to miss such an investment I think it's stupid to keep necessarily need bnb

This is what happens now. Binance always attracts many people. Of course this development has made the BNB increase tremendously. From the beginning of 2019 until now, of course binance is very much the topic discussed. Of course this is an example of another project. With their respective advantages.

Lol why? Just look at the binance coin price right now, it's increasing so high right now because of the recent update about binance. I think binance can make a threat to ethereum, i know the price is far from ethereum price but it keeps increasing, maybe it will become $50 in the end of the year.

I like binance but I like  ethereum.  The name of binance is popular now because of a lot of project and supporters of this.
But I think ethereum is still more potential and large supporters compared to the binance even the exchanger of it is very popular ethereum is still more better. But there is no reason to choose but better to invest the both of that.

It looks more like a pump and dump coin for me. It has been overhyped as they have big influence on some big players. And i suppose they have also manipulate the crypto market to try to make BNB in the top 10 coins and reach its ATH and they succeed to do it. On some btc news website, they wrote that BNB goal is to dethrone ETH and be the most used coin. But i don't think that it will work. They want people to migrate from ETH to their Binance Chain to make people pay for the transactions. And they want that the coins be traded with a volume of more than 1 million per day if not on their chain. They only think about more profits.

If this keeps up than it could totally take its place, I mean ethereum has been very silent for the past year, last year they were getting more and more attention with the ICO craze however for the past year they have managed to not make any moves at all that would keep them above and they are even losing attention at dapp corner as well. They have plenty of rivals that will make it hard for ethereum to get more people use their blockchain.

EOS and tron and some others are really coming up with a lot of stuff for dapp side of the world and now Binance is destroying their hope of ICO world with its binance chain and IEO ways of putting new coins into the world and they are getting sold at like 10 seconds as well. That is why I think ethereum is in trouble and needs to do something about it.

In the short team I don’t think it’s a threat to ethereum at all but on the long run it probably might be because binance is the only project that try to improve themselves to suit the market conditions as we’ve seen of recent how they brought back confidence into the crypto market and restored hope too to the already dilapidated market

We all know how hard Binance has been trying in their quest to be on top and they have shown a lot of people and the world they can be trusted with their system. It might not be now, but I think with the introduction of their own chain which will be kicking off very soon, I think a lot of project are already preparing to migrate but waiting to see its effectiveness first.

 The only thing that may draw them back a bit is lack of new projects that are quality enough to run on their chain, we can see how strict Binance is, in their dealings, unlike Ethereum smart contract that could accommodate all sorts of projects and does not know if one is scam or not.

I don;t think Bnb will replace ethereum in the near future. We don't know what kind of development these platforms will become in the future. So I think both has a chance to become better and it is possibel that bnb can surpass ethereum one day.

I think the euphoria will pass soon. Binans builds his chain on someone else's blockchain. For them, only the transaction speed and the ability to run tokens are important. This gives no development for the industry. Ethereum is a completely different product. They are just different.

I dont think so, ethereum is very popular coin and many people is believe in the project and team. And Ethereum has good platform for many Altcoin (ERC20) i think is very impossible for binance to beat ethereum. Thats like ethereum will beat BTC, its very imposible

Yes, i think binance is very strong rival for ethereum. Because Binance will be easier grow with good exchange platform. So if ethereum will grow, ethereum have to make some project for beaten ethereum. And i think Binance chain will grow and grow in the future.

I don’t think that running on centralized chain will still stop people from widely accepting this system, have we not see a lot of centralized exchanges and see the massive volumes they are getting, people still embraced them, despite the fact they are centralized exchanges.

Binance has already built a very strong community and also won the heart of many of its users who are willing to trust anything coming from them, they might really get all the necessary support that will assist them top the list on the coin market cap above every other coin other than BTC. Yes, bitcoin there will always be a very wide margin between any coin and BTC no matter the tech they come out with.

I know the emergence of the chain is going to cause a split in the minds of developers who are making use of the platform, and for the fact that binance are always committed to delivering the best quality is also a plus that their chain will be a very good one, though we would still have a lot of developers making use of the ethereum Blockchain because it's so difficult for some people to move from one project to another when they already have a working project on the existing Blockchain.

That is really looks possible and I am scared about that. But hope that it will not be true and Ethereum developers will make some big anouncment and changes that will be interested for people.

You forget that BNB is a coin of a single exchange. If the exchange Binance will be hacked,the coin will fall dramatically. ETH does not have such threats.

Binance is getting a lot of hype this past few months due to their launchpad platform. I wonder when would it stop and going to return to start the price correction itself. But for now, people are too busy to invest and trade on their new token which is really growing too fast. If you compare BNB and ETH, BNB is way too far from what ETH has been reached. But if BNB will be the main ERC20 on other tokens there might be a tendency that they would follow what ETH encountered.

Binance blockchain is actually not a threat if you ask me because in as much as they are creating a blockchain network which other decentralized exchanges can operate on their blockchain lack the use of smart contract hence not a full decentralized exchange as we all wish to see happen. Don't forget people with major blockchain updates by the Ethereum Network i know Ethereum will still stand tall amidst these threats from Binance. DEXs are the future of exchanges and Binance is surely not giving that so how can they overthrow Ethereum

So what are you trying to say here ? Sorry but i dont get you  but lemme guess , your saying that etherium is still the best because eth will remain when the hype of other coins  will get over ?   Am i right  ?  Well your also right  .  if im an investor ill still priotize old coins because they are already established while other new coins can easily dissapear after they sap the people's  money  

If binance would continue this good steps upon developing into a new high level coin, no doubt it can surpass ethereum coin. But i dont see any reason that BNB can be a treat to ethereum coin. I think BNB should be decentralized so that no reasons to be hack, or what i am saying if the binance got hacked so theres no bunch of BNB lose.

yes indeed, for the advantages than ICO ,binance with the IEO it is safer for investors to buy those coins, guaranteed listing ..its good for short term investment. I dont know why bnb dont have smart contract?

I would say no. Whats wrong with moving from Ethereum chain to own chain. Most project does that, swapping to the main net from eth net.
maybe because binance will launch the binance dex exchange in their platform, so it will be optimized if they using their own chain.

I cannot say anything on this point. Although I am strong supporter and I believe in ethereum so much that the coin would surpass even the king coin, bitcoin, in the nearest future, binance coin is also doing very much well in the market. People say that BNB will make its good impact and grow much better in the category of exchange. Binance exchange has become the top one exchange in the world. So will be BNB I think.

Binance changed rules about token burning. Now, they do not have to burn exact amount of tokens depending on the quarterly profit.
It seems little bit confusing.

Not really, simply the price of Ethereum has dropped to the bottom of the extreme, making investors lose a lot of money and they don't trust it anymore. Since then the company and the responsible person will gradually give up  ::) :'(

Every project will do everything in order to gain the attention of many, especially the big investors in the market. The more they get the bigger the profit they will gain, this kind of tactics is not new. If Binance is eyeing for something that will endanger the status of ethereum, I am pretty sure that ethereum will take the necessary action in order to maintain their status and even make it more stronger.

New strategy and adaption to any threat is a big challenge to every project owner therefore that is the big reason why they keep on growing and they didn't stop upgrading their platform.

Excessive hype around a coin depending on one exchange. I easily admit it can make a profit. But personally, I would not put much on a centralized coin, except that I'm not sorry to lose.

why not? Now there is a huge interest in them, the price increase only confirms very competent approach of the management of this exchange

First of it is not treat, it should be a threat to Ethereum. It could create misleading to readers.  

Binance is having a good reputation and without question but Ethereum made a great chain many years ago. And binance will just start tomorrow as far as the OP is concern. Binance could do it but it could be needing time as ETH built its glory.

it's because of the community's trust in their platform. their markets are getting stronger, and prices will certainly continue to increase as market demand will continue to grow. binance chain I think will be very strong in the future.

Plus release DEX get one more plus for bnb
My fomo, not buy bnb at 6 USD))

If the Binance Chain platform officially used, it will create a new trend. Can Binance Chain implement platform development support for Altcoins like the Ethereum platform that is providing? The trading speed and the block will outperform Ethereum? We need to experience before making conclusions.

Binance chain is yet to be launched. And Ethereum is already here about 5 Years. So this will be very childish of us if we start talking like this. Can we just remember EOS? They are still on top of the list by the Chinese. How many times they got hacked and how many times we found vulnerabilities on their codes so we can't tell right now anything about the binance chain. Running your own chain is always difficult binance now have to give more attention to this and they also operate the largest crypto exchange so things would be difficult for them too. Cz Running too many things at once. If there is Top 2 crypto Ethereum is one of them and Binance might make top 10. So if we compare the number two with number 10/7 that is not logical already. Also at the end, it all depends on how Binancepump the BNB price & how good their chain will work.

You are right! Binance is one of the most influential exchange today. In fact, it may become a top 5 placer in CMC soon. BNB fluctuates much and it may lead for ethereum to dethrone at top 2. Binance is just silent but it will boom once its community becomes dominant than what we expect of. In addition, Binance is a friendly exchange and I really want to uss when I buy or sell a coin.

I don't agree with the arguments against the competence between BNB and ETH. BNB is performing well on both the bear and bull market, switching to a new chain will surge its price more. ETH transactions and network has a connection as the main platform for ERC-20 tokens.

Binance is looking to build a complete crypto ecosystem on their platform, with BNB coin as the center, BNB will grow and be fully capable of threatening ETH's position.

Absolutely i also think about Binance coin. Everyone say that BNB is potential coin, i don’t agree with those people. Yeah, BNB is big powerful for own platform Binance exchange. I don't think it’s deserve to compared with Ethereum chain. BNB is definitely manipulation have existence in the market.         

I always thought Ethereum is the best Altcoin, it is the Queen, it's fixed place only after Bitcoin. But by seeing the popularity of Binance coin and its own chain, Now I started to think that Only Binance is the threat for the Ethereum. Actually, I want to see that day when BNB will be much popular than Ethereum. Not only me, lots of people just fed up with Ethereum! Not only Mithril, But also atomic token planned to migrate in Binance chain, and after announcing that AWC coin price increased more than 248% overnight! From 0.03 USD to 0.23 USD! I can't imagine how much hype and popularity Binance chain has. Though it is because BNB chain is very new but if BNB chain really works well, then Ethereum should do something to keep their position!

You must also take into account the moment that the coin can be artificially exaggerated in binance.com in its value.  Of course, this does not apply to the exchange binance, Because I see in this a certain difference.  But since the administration declare binance, they will never compete for ethereum.

The aim of Binance chain output is to create an alternative system to ethereum already. Ethereum is the only difference is still mining.

BNB just went through a really big pump which means it will for sure crash.

Ethereum is a much better investment at this point, it has real adoption and use case.

The contention here is not about price pump or crash. Is BNB poses a treat to ETH, I think this should be addressed. We are not concern about price here majorly, we are looking at the blockchain infrastructure, with Binance Exchange and Crowdfunding and lately the announcement of Binance Chain, do you think it will not give Ethereum any challenge now and in the feature?

To not say there but ethereum remains the most popular and promising altcoins.  Which I personally trust.

In any case, ethereal will be practically the leader in the cryptocurrency market.  You can say a lot Yes, but if you consider that the recent time the migration of certain projects between platforms becomes a regularity.  Everyone is looking for something beneficial for themselves, But this does not mean a negative impact on the platform ethereum.

I think this is just hype. I know binance is very popular now and is more popular because the ceo binance giving a negative sentiment towards ethereum. in my opinion this is like a marketing strategy to get enthusiasm about the binance chain, people like it but after that it will be like bitcoin, ethereum and other altcoins. in the end people will get bored.
peoples follow the of binance chain developments and hype with this because they trade BNB in ​​the hope that prices will rise and profit. this is what the ceo binance want it, popularity, high traffic, high trading volume per day.

Why any succesful project should be a threat to another one?

If binance chain become a success it will make everything better for crypto and that would only help ethereum instead being harmful.

I'm not sure because the Binance chain really has nothing outstanding compared to ETH, altcoin has switched to using the Binance chain, which has been pumped after announcement. I think this is just a round of fomo for Binance

I noticed that Binans is starting to turn into something more than a stock exchange. They start their blockchain, where they will receive projects migrating from the blockchains of other networks, they create a decentralized exchange and their wallet.
I think they have good prospects and this should seriously affect the value of their own BNB coin.

No it won't be a threat to Ethereum. They are both good chains and investors can prefer each of them depending on how each of their network works properly. I like both coins but I'm mostly holding Ethereum until now waiting for the bull run and would probably sell it when I'm done waiting for. Binance is good and they have been conquering almost every side that they can, the DEXs(on test), centralized exchanged, as an altcoin and now as a chain.

I don't know exactly why most people are actually making a fuss over Binance blockchain which is going to support decentralized exchanges. Well I think this initiative by CZ is still to promote Centralization and i don't think any crypto enthusiasts would want to buy into such an idea. So yeah it's from Binance, one of the popular cryptocurrency exchanges in the world but i doubt this idea of theirs would be able to sell off. Let's see as Ethereum blockchain comes out with strong next year with major updates.

Whatever is Binance  doing is with sense but I do not think a centralized chain would be a threat to ETH platform. BNB coin itself will be soon a threat  to each coin as it is going against the market trends and it is  increasing during the bear market.

Quoting CZ of Binance, he said Binance Chain is not a threat to Ethereum but rather a challenge to all cryptocurrency developers to be better than what they were yesterday. BEP2 don't even have a smart contract if you must know

Binance developers are doing great work and are  not only their own blockchain alse the performance of the distinguished exchange and safety measures as well as their own charity As well as the educational academy.
Binance offers an integrated and powerful model that helps in the adoption process of crypto but
ETH competition will never be easy.

at Binance market is the biggest market for now that I see because it has a large enough volume and lots of good coin listings there, I am quite happy so far I can trade there and those who make coins BNB can grow to date because these coins have real project namely Binance exchange.

99%? I guess you would be ready to bet your money with this, just that it is wrong to do so in this section, maybe when we meet again in gambling section, we will have a bet on them LOL.
Most community you see supporting ethereum are also the same community supporting Binance, don’t forget that without an exchange, even if they have coins in ether wallet, it is meaningless, so most of their community still have to go through some of these exchanges.

We are all aware of the position of Binance among all exchange too, people love them for the services they render and now that they are adding their own chain to it, especially if they are able to cover the lapses of ethereum people have complained about, then there is nothing stopping them from overtaking Ethereum.

I think yes, because Binance has a currency plan and is always in a constant development as well as it has a good marketing therefore many of the public, but the Ethereum is no longer like the former but it remains one of the major currencies without no doubt , In any case we are beneficiaries, because the competition between them will be severe and we will get the advantages

Binance chain will never be a threat to Ethereum since both platforms have different features and has their own unique niche. Simply put, Ethereum supports smart contracts while Binance chain doesn't. With this in mind, crypto projects residing in Ethereum ecosystem that utilizes smart contracts technically cannot migrate to Binance chain unless otherwise Binance decides to upgrade to support smart contracts.

true it is not an easy thing to defeat coins that already have very popular popularity especially ethereum it might be difficult for other coins that will compete with them because ethereum itself has been considered the king of altcoin until now with coin quality which is very good and good like bitcoin.

if the Binance Exchange continues to grow well as it is now and become a good Exchanger in the future, I am sure that if Binance (BNB) will be better than ethereum.
but with a very large ethereum community, it will take a long time to reach that goal.

I'm not sure that Binance does not support smart contracts. But what about all the projects that migrate to Binance chain? They become tokens in this blockchain. So there is such a functional. But yes, it seems to me too early to talk about competition to Ethereum.

For me, I think it is not healthy to discuss about the binance comparing to the ethereum, because binance is doing well and not affecting to the ethereum. This binance and ethereum are a good coin.

two totally different use cases in my opinion. Binance chain will be strong but Etherum has the use of smart contracts

Binance is a powerful asset and if overtime it poses a threat to Ethereum I won't be surprised now that it's launching it's own chain. Ethereum will have to put in some effort to stay relevant

Here is a link to Binance CEO's AMA session specifically stating that Binance chain doesn't support smart contracts - https://www.cryptoglobe.com/latest/2019/03/binance-ceo-comments-on-delistings-launchpad-bnb-dex-and-xrp/  and another FAQ from their website for further info - https://docs.binance.org/faq.html#does-binance-chain-support-smart-contracts . And also, projects that have or will migrate to Binance dont have smart contract functionality so its just like ordinary tokens unlike other projects that rely heavily on smart contract on order to function well.

Binance could improve as they shift from token to coin, we will wait what they can offer at that time.
At this standing now, we can say that Binance have improve but what we like to see is the stability as we don't want to see it dump after a big pump.
These two coins are incredible, giving profit to their investors so I hope they will grow more, and they are not treat to each other as the market is so big.

By building its own chain, Binance will become stronger as the largest crypto market with the largest volume in the world. However, people only use this news to inflate the BNB coins for a moment. After that, the price returned to stabilize. However, Binance has gone further to prepare for their future, and with this, it does not mean that ETH is in danger, but maybe ETH developers will look for the latest innovations.

Dex is peer to peer token trades on chain. This Binance exchange appears to be all done on BNB chain, not settling, but ultimately paid out using Binance's pool of various assets. This is certainly not a dex

Yes, Binance is building a whole ecosystem that will affect almost all aspects of cryptoworld. The only thing they don't have yet is probably mining)

I think even if BNB would be as like as bitcoin it can never a treat to ethereum coin. My own understanding about this thread is that if BNB can be more succesful, it can elliminate the greatness of ethereum, well i think not. Because ethereum is introduced to many aspects as it is very popular and commonly use altcoin now although BNB has a great value and has a potential, still it is not a treat to ethereum coin.

It will affect not only ETH but the entire ecosystem as they are bringing another chain that can attract more investors, we will witness new successful
assets so better to start owning this coin now and hold for some time, surely it will be hype and bring profits both for long and short term trades..

Although I still find it hard to believe or even assume that Binance chain will be a threat to Ethereum. Ethereum is already built and have passed through many stages thus having a huge community. Nevertheless, in every platform all that matters is constant improvement and upgrade, if Ethereum continues to improve it will always retain its position.

It's not a threat because binance is only one company a vulnerable one. Binance lacks transparency and they are doing some semi legal things with tether you can never know how they'll turn up. Today it's all fine and tomorrow you get a notice they are shutting down because the government raided their office.

Ethereum is much more independent than something that Binance launches.

I don't think that Binance coin will endanger the position of Ethereum. Ethereum hast a completely different structure, a highly competitive functionality and use case. While the coin of Binance is always related to the platform and their crypto exchange, Ethereum is not related to anything.
If Binance should be hacked, the token of Binance will collapse in total while it's much more difficult to hack Ethereum becuase it has no centralized place that could be hacked.

I can agree here, the structure is much more suitable for Ethereum.

No it won't, each have their uniqueness and that's what maakes them or will make them stronger. But that didn't dispute the fact that Ethereum is king of altcoins and will take Binance Chain several upgrades and improvements to climb to No 2 (if at all it can).

well, i think binance chain is fully centralized mate, just like Ripple
in my opinion this binance chain will never beat or replacing ethereum, because thereum is fully decentralized my friend

absolutely right, ethereum will remain in its position.
indeed the increase in the price of binance is so surprising that many discuss and compare these two coins. binance is indeed very good, but the risk is too great.

as you explained "if Binance has to be hacked, Binance's token will collapse" it will be very scary. if i have to choose between the two i will still choose ethereum for the long term. binance is only another option as a short-term investment to collect profits in trading.

Innovation and competitions are key to the cryptocurrency ecosystem and not just projects offering same product over and over again. Binance chain is important to this community, it actually will post some challenges to the Eth network as more and more project will want to migrate to Binance chain. Nevertheless, because of Eth strong community and the popularity, I see it staying dominance over Binance.

Ethereum indeed will still be above binance. ethereum has a large and strong community, but binance also has enormous strength. so in the short term, ethereum will still be the best altcoin, but in the long run, I'm sure there will be a change. let's wait for what will happen next, the future belongs to the digital currency !!! everything will relate to digital currencies and so there will be various innovations.

It seems to me that you should not hurry. Write off the ETH with counts. Well, undoubtedly binsu will be one of the best coins. But because of the pump he possesses. But this is my opinion.

It may seem so because of mass exodus of listed projects on Binance. The veritablity of the Binance Chain will be tested in the future on scalability, smart contracts which I doubt it can compete strongly on

I think based from what you just have said, they are moving away from ERC20 tokens right? There is nothing bad influence really if they keep on utilizing ERC20 tokens, and I just saw, they've delisted bitcoin SV, and that makes sense, it is not ERC 20 and still there are futures for these token to be still on binance platform.

There are already some projects that are migrating to the new blockchain, which was made by Binance. I know a few that go from the Ethereum network and one from NEO

I do not think that in this market the majority will want to help others while trying to be better than the other. On the contrary, own interests are always important. Besides, I do not think ETH is so desperate.

No token is a threat to etherum; they will coexist and function differently
Binance chain is benefiting from hypes for binance; I have not noticed any specialty

Binance is not competing with ethereum,  they both have their own different platforms,  Binance is not a threat to ethereum,  same was said during Neo,  same was said during cardano, Xrp and others, still ethereum conquer them all

I don't think this will be the case or at least NOT immediately. Binance chain promises to bring more innovations, speed, stability and better security than Ethereum but we are yet to see it work and it may be wrong to dismiss Ethereum this early. We need to see the performance of the binance chain first before drawing comparisons. Ethereum has lasted this long as a force in the blockchain framework for a reason and I still think it presents much better flexibility than most blockchains out there.

I really consider BNB as an exchange coin and as such competing with the likes of ETH is definitely not their target area They had that plan of moving their ER Tokens long time, before anything set-forth so is very unlikely to compete with the second highest coin. Running their own Chain is sure a good idea to have more activities based on a single platform

While this does not seem to be a threat at all, however, what will happen if the overwhelming majority of projects switch to the Binance blockchain, then the most interesting will begin.

every blockchain has its own features for new applications to develop in the same way eth also releasing its new verision i personally wont think binance blockchain will be threat to eth both the blockchain grow individually

In addition to innovation, of course, the power of capital is very important to keep the project can survive, most devs. do not have huge money so that when their coins are dumped, the project also die.

There is no doubt that Binance chain a real threat to Ethereum, we all know that ethereum have been failing this past few months transitioning their consensus. However on the other hand, Binance chain have the momentum and very popular this days. Many erc20 tokens from ethereum blockchains are migrating in Binance chain and take note that all that projects are active and top-class projects.

You hit the point every chain with it own features and if binance chain will no be a threat to ethereuem blockchain after all binance used the ETH blockchain before developing they own. If the binance chain offer more flexible features for users then I will say I will support that because we really need improvement in the entire blockchain system.

Binance's performance is the best in 2019, this is what keeps me from buying Binance as long as I can, it's time for Binance to become a coin like EOS which was previously a token.

I do not think that the binance token will replace ethereum painfully many projects were replaced, but not a single one came out. Moreover, bnb is centralized.

Lol, I'm sure you're not a Binance holder because you don't know the latest news, now Binance has become a coin like EOS and now it's not a token based ERC-20 like before.

It is evident that after becoming a coin, Binance continues to perform well, and with the ever increasing volume of transactions, I'm sure Binance is an Ethereum threat like EOS or something else.

can be a threat to ethereum as far as issuing token
binance has the attraction
already 3 projects now on binance chain trading https://www.coingecko.com/en/exchanges/binance_dex

Not much of a threat for ethereum because binance has no smart contract or am I wrong? Smart contract is the only thing standing between many other projects so bnb token is no threat and there are many other coins and tokens trying hard to beat ethereum down e.g tron, neo etc but from is the only threat I see

Although Binance looks promising but they are only too dependent on the market exchange themselves, unlike ethereum which is a coin and spread a lot of exchange, I am sure Binance is difficult to beat ethereum in the near future.

at this rate BNB can quite chase soon https://www.coingecko.com/en/coins/binance-coin

We will see if Binance Chain with Binance DEX idea is just an idea or a new step to decentralization provided by Binance itself.

It is still early to say that Binance will replace ethereum, to defeat ethereum, of course, cannot work alone like now, needs help from other exchanges, and certainly this is difficult to achieve in the near future.

In my opinion, the binance chain is not a threat to ethereum. The lunch of the binance chain is rather going through a hype and that is because most people are only excited about the prospect and don't have the full information about the concept. I believe with time the hype will be over and the true worth will be revealed.

I don't think that Binance Chain is a threat to Ethereum, because there are many of the people here in crypto world that Ethereum will surpass by XRP, BCH, BTG and more and yet Ethereum was still remain stable in the market. And besides, in some other businesses in the entire world that Ethereum was being accepted as mode of payment for some merchants.

The administration of binance has long stated that they will not be competing with ethereum.  Well, to understand this situation a comma needs a more thorough and in-depth analysis, since I still can not understand what the threat to ethereum is.

I believe that BNB is a big threat for Ethereum, because I do not know how much projects would built their smart contracts on Binance Chain, if Binance is going to provide a free listing or holding an IEO to support those projects.