Bitcoin Forum

After bitcoin proposed a unique means for perpetuating trustless , secured and efficient transactions bolstered by a distributed ledger unique in comparison to what is obtainable in the conventional world,  ethereum brought about a new agenda that speaks loudly of blockchain technology unlimited possibility to evolve every aspect of the society.

Decentralized applications and smart contracts are one of the key concepts the Ethereum project has established in the crypto-space. Decentralized applications in contrast to centralized applications proposes an alternative free from internet censorship, open source in nature and a rewarding economy designed to be fault tolerant. A host of decentralized applications are in the market today providing top notch services  I.e Etherdelta, Eosbet e.t.c .With more and more enthusiast entering the crypto space,  it's expected that dApp technology will gain implementation across diverse industries in the Nearest future.

Smart contracts is another remarkable function that earmarked blockchain technology potentials . The ability to self regulate and input rules to govern Perpetuation of transactions among different parties and the elimination of third parties in transactions has endeared  blockchain technology to the finance and trade systems of the world. Smart contracts gives room for a secured level of automation designed to govern transactions. No wonder most new blockchain platform have adopted the smart contract functionality introduced by ethereum due to the immense levels of efficiency it can provide for both monetary and non monetary transactions.

In conclusion,  seamless integration of the ethereum blockchain  makes ethereum forever ahead of the numerous copy cats in the market. Many people are of the opinion that the binance blockchain will be a strong contender to the ethereum blockchain but with the absence of supports for dApps and smart contracts, I find it hard to believe developers will migrate to Binance blockchain just for the meager privilege of getting listed on the binance exchange. Before Binance, the blockchain community has existed and even after binance will continue to exist because crypto is bigger than trade and market liquidity. Blockchain is a technology that should touch every aspect of human existence with remarkable features. With the looming of ethereum 2.0, I think the next phase of ethereum development will be a game changer.

What's your opinion? Which of the two features of blockchain technology discussed above do you find more endearing? And do u think Binance blockchain  will replace Ethereum as every developer first choice?

Although am a fan of binance,  am still yet to grasp what the binance blockchain will add to the crypto ecosystem..Asides from servicing the binance exchange ,I don't see anything worth the patronage of developers..

I do not think there is much of a comparison because eth is a way broader platform and its scope and future prospects are huge while binance has its own ecosystem and services and binance chain is being developed to basically cater to their own ecosystem and making it more efficient and according to their own needs so i do not think it can be compared to eth in anyway.

I kind of prefer dapps to smart contracts.. Based on my research the smart contracts of today's blockchains are not truly smart in their interactions with the outside world and are difficult to trigger from non blockchain environment.. Although binance might be starting out without any of the two, I  still think developers will give it a dip taught due to the hype and reputation of binance exchange.

Good observation!

I was supposed to say the same thing and come to think that having more platforms isnt really that bad yet this would give out more options to crypto community
but it turns out that this do end up on a competition but i dont really believe that Binance chain would able to cope up with etherium platform.Its still long way to go
unless if majority would be able to dragged up with they hype.

No reason to envy binance chai ; it’s just beginning and gaining the usual attention any new platform will demand; plus binance has the hype support

We can’t easily compare to etherum Blockchain; it requires time and process. Let’s wait for it

I think alot of developers will still stick with ethereum most especially because of the seamless integration with exchanges.. So many other copycats I.e Neo till date are herculean in integration with exchange and this hamper the listing of projects/tokens running on such blockchains.   It's always better in my opinion to stick to tested grounds when it comes to technology

I think binance developing it's own blockchain is not a bad idea. But I don't see it in competition with the ethereum rather I see it as a paradigm for swift and reliable exchange of all form of digital assets. After reading up a bit from the release I think binance blockchain technological architecture will make it fit for not just trade of cryptocurrencies assets but also international trades and finance activities.. With the reputable names behind the binance chain I think asides from developers, private investors and the governments of this world will seamlessly utilize the binance blockchain for diverse trades and finance activities..

There is just too much development going, I have read it lately while traveling and it will always be a good reason to invest on Binance. They are beginning to become a leader in the industry so if there is anything worth supporting, its gonna be Binance. ETH will not disappear of course with tons of smart contracts under it, it will still be on top.

I also think that most people will still use Ethereum blockchain to create tokens and not Binance, and this will happen for long time even if Binance will have some users who will use but Ethereum is more known and this is an advantage.

Hmmm this thread has carefully fought in favour without considering the fact that information regarding the binance chain is still minimal  and besides upgrades can actually be done to grant the binance blockchain some of this features listed above. I think CZ has enough tricks to pull off to attract vast usage of the binance blockchain..

I believe that every blockchain has its pros and cons. It seems to me that the Bitcoin blockchain is more perfect, it just lacks speed. However, a solution has long been found - this is Lightning Network.
Ethereum has a plus - this is the technology of smart contracts.

Interesting point of view, but it's too difficult to take a position.

Binance blockchain is no way in Direct competition with the ethereum blockchain and this is because it does not offer smart contract for development of projects it's only offers a fast transaction solution and also an alternative for new crypto projects.
The binance blockchain will continue to be useful and BNB coin will continue to be a top coin in terms of exchange coins but ethereum is far ahead of binance coin and blockchain (binance chain).

Binance coin could continue increasing because of it`s developing ecosystem. I do not think it`s mainnet  will be a threat to ETH platform but many projects will chose it because of listing opportunity and it`s reputation.

Hmm u call bitcoin a perfect blockchain? Asides from being a good store of value which is in my opinion as a result of the growing adoption of bitcoin and nothing more.. There is nothing perfect about bitcoin at the moment.. Even all the dozens of folks have failed to make it a perfect blockchain.

This is exactly my sentiment, binance blockchain will remain what it is.. An digital assets exchange blockchain while ethereum which i like to refer to as the motherboard of crypto will continue to grow in its application by developers..

I think smart contract is a very endearing aspect of blockchain technology.. I mean,  the ability to govern and mititage the ocurance of disputes arising from financial transactions makes it quite ideal for a blockchain..

Many developers that have been using Ethereum platform will continue to use it because even the platform is not stagnant and it is very easy to integrate with other platforms. Ethereum will continue to be a force to reckon with in the industry and I don't Binancechain posing any threat to it.

From my point of view, I think the binance blockchain is an effort for binance organization to reach beyond just exchange activities.. With the binance team co-operation with underdeveloped nations of the world such as Uganda and ko.. A new paradigm for perpetuating trades of asset and financing can be established using the binance chain and this can bring more equitable services.. Although I think the absence of smart contracts is a big let down, I sincerely anticipate what CZ of binance has up his sleeves..       

Blockchain ethereum will always be the basis. And the top-end blockchain is just a Chinese copy of ethereum. I think this exchange is not long. They allow themselves too much.

I'm one of the those who is yet to fully grasp what Binance chain is bringing to the blockchain ecosystem that other blockchains are not doing or even doing better.

I will not vouch for any coin like OP is doing here, I might even vouch for my own coin this way if I own one, because one thing you should know is that this is the crypto space, which is a free market, and a free market has a lot of competitors within it, it is possible for you to build something very good, but it's also possible for someone to take what you have built and and some more features to it or even create a better feel and comfort for end-users of the platform and you will begin to see that your investors starts to take their attention off you to that project. Because, this is a free world and free markets. To stay competitive, upgrading is must always.

I can not know this for sure, but why not? Although such a small dependence in general has a strange relationship to such a huge exchange like Binance, I think that they will soon be able to launch their capabilities and their blockchain.

When EOS first launched last year, the noise was everywhere that it will beat or replace ETH and same thing happened with TRX. However, I didn't see these blockchains competing or dragging post, but have been coexisting with one another. Days after BNB blockchain is launched, the hype will go down and each developer to his own blockchain and everybody wins. Let's see what features BNB blockchain have in stock before making any further comparison.

I agree with this school of thought. I believe all this project can co-exist if we do away with the hype and focus on products.. Binance chain is literally offering nothing new to the space but if they can properly design a system that actually works in term of throughput maybe a couple of projects with use it but majority will stick to ethereum..