Bitcoin Forum

There's been a lot of hype surrounding Polkadot these days. The alternative smart contract platform is definitely faster and cheaper to use than Ethereum itself. It's already within the top ranks in market cap. Yet, people have forgotten about Binance Smart Chain these days. This smart contract platform is as cheap and fast as Polkadot (someone correct me if I'm wrong), serving as a great alternative to the Ethereum blockchain. What these platforms lack is a solid number of dApps to overcome Ethereum. There doesn't seem to be any indication that developers are going to build new and exciting dApps on both chains. As long as Ethereum has the most dApps and tokens, its rivals won't be able to stand a chance against it.

Now the question is, which of the aforementioned platforms is better? AFAIK, Binance Smart Chain (powered by BNB) has a greater level of centralization than Polkadot itself. This should make the latter platform a much better choice for everyday people. Still, there's potential for BNB as it could attract businesses and companies in the mainstream world. Which will survive in the long run, is an excellent question. Thoughts? ???

I will chose POLKA for sure consider the development of polka is not really centralized like BSC. BSC is fully centralized caused by it's fully controlled by binance.
POLKA is almost the same as ethereum. The ethereum supporters are also supporting polka right now.

The POLKA ecosystem is getting bigger from time to the time. That's why some people called that polka can be a serious competitor for ethereum. POLKA and BSC have the same chance to attract the companies.

You know the superiority of one platform over another sometimes doesn't matter. As long as developers keep building on, let's say, ETH, these platforms only stand as niche. That said, BSC has existing projects, and only 20s have volume. (https://dappradar.com/rankings/protocol/binance-smart-chain) This is a chain backed by the king "Binance."

Polkadot seems "untested" at the moment, and they will have a bigger challenge than BNB.

POS (or anything that involves staking) = centralized, end of story.

At the end its all about user base and money. And binance is king of both. They generate like $1 B in profit just in Q4 2020. It will be $2B in Q1 2021. CZ once asked during interview -aren't you scared that one day someone will come with better product? He answered... I hope we will buy him and merge before he will grow.

Crypto is also open source. There is nothing that could stop BNB to copy polkadot code and open binance smart chain v2 (v1 is compatible with etherum, v2 could be with DOT if DOT will grow big enough).

IMO BNB should be nr. 3 CMC and sooner or later we will see it there.

Im agree with this, binance already take place for the top exchange, dont make it too centralized, we need some spread of crypto strength.

Polkadot is not fully launched while binance smart chain many coin use it. Bsc smart contract is good i personally using it and waiting for polkadot to be release.
Many people vsay that polkadot will bring a great network than bsc smart chain.
My final thought Polka dot will be good one than bsc smart chain

but i believe polkadot will be better than binance smartchain mate
so, i will bet for polkadot rather than BSC  ;)

I will choose polkadot then BSC, because of the developer if BSC is gavin wood. And the uses case for DeFi is more in polkadot then BSC. It will take time to create fulky functional system but dot will made it in the end.

both are equally good, I'm hard to choose. but in real use case, binance chain is superior because they have many dapps active. while Polkadot has only a few projects. Binance Chain also has DEX, we are familiar with BSCSwap. so in terms of binance chain support is better.

But Polkadot cannot be underestimated, because currently DOT is ranked fourth with the largest market cap even though it hasn't been a year since their network was launched. that means their progress is pretty good, and there are a lot of people who support this project. You know support is important because without loyal supporters it's hard to survive. just look at the current XRP, if they don't have loyal supporters maybe by now the project is dead.

so if asked to choose one of these two projects, I better choose both. because DOT and BNB are just as profitable and worth investing in.

That could be the main reason why there are lots of people have been betting on POLKA. gavin wood is the reason why polka was doing good.
We know that gaving is also in the same team with vitalik butterin when ethereum was created in the past.

Binance is offering useful product but polka has a bigger ecosystem compared with binance. We are seeing so many new platforms joined in polkadot ecosystem.
That could be a big bet to be the best alternative chain for ethereum.

I believe on this aspect as well. It is how you market your features to the public. Even if you have cutting edge technology but people are hesitant to use it because they are not comfortable with it, you are still defeated in terms of adoption. People should see it as user friendly and not too complicated to understand. Some users are hesitant to use other networks because of the fear that they may lose their funds along the way. And what I am seeing as advantage for Binance is that they have large user base already and from time to time they airdrop their traders like the latest regarding TWT tokens.

Have you forgotten that every altcoin coming trying to kill ethereum smart contract fails at one way or the other, I could remember when when Neo, cosmos came and everyone thought those could kill ethereum, Binance smart chain is also a versatile one that's somewhat fast and speedy in the transactions so as long Binance wants other erc20 transactions to go in that chain as well as a staking mechanism for BNB token.
On the other hand polkadot has a significant alternative competition to ethereum smart contract thereby allowing users to create their own blockchain meanwhile different companies will consider choosing polkadot, and because of that, I choose polkadot over Binance smart chain.

If anyone want to go with the hypes of alternative smart contract blockchain which have more advantages from ethereum, than go for BSC. It's just about hype as more and more pumping projects are growing in BSC community. Also, polkadot is just on track to hype as everyone knows what's going on and how much potentials polkadot has.

Aside from eth smart contract I think the rest of them only have a name and nothing more, developers are suppose to be patronising this alternative and cheap smart contract more instead of killing themselves on eth network but unfortunately that hasn't happened,  hopefully this behaviour will change.

Polkadot... don't even have to take time to think about it.
BSC is ok-ish, but when they had an influx of some 20k people massing over DEGO NFT-s, the whole system broke. So take that as you wish

In my opinion, both projects are great to invest in, the only issue with the Binance chain is that it is more centralized than polka dot. The good thing about the Binance chain is that it is backed by one of the biggest cryptocurrency exchange. But, I have not seen any successful projects on the Binance chain whereas on Polkadot there have been few projects that have been successful. So, if I investing then I will equally invest in both the projects and hold them for long term.

Name project that is successful on polkadot. I can name one that is successful on BSC - its pancake swap, TOP 7 biggest DEX, top 114 token.

BSC (aka BNB) is not only a chain. Its great investment product, yield passive income from launchpads, lauchpools, burns (~15% supply annual) - https://bitcointalk.org/index.php?topic=5208144.msg53299809#msg53299809.

I think centralization is always a turn off or disadvantage when it comes to comparing most platforms with that of Binance in whichever way, that is, everything from Binance in many cases comes with huge centralization, such as its DEX, etc and that will always keep people at bay. But yet, talking about smart contracts and how needful it ought to be as decentralized as possible, then one will uphold the Ethereum blockchain, and probably that's one of the reason it keeps growing and keeping a competitive advantage. However, comparing Polkadot and Binance smart chain, I find Polkadot better because of its high rate of decentralization and that alone is an addition and considering the fact the platform is still being developed, that is to say, when more services and features have been put in place, it will be far better than Binance smart chain which has been around before it. Nevertheless, let's keep our fingers crossed and watch what Polkadot will achieve in the next few months and if the team continues working hard, they will attract a lot of users and projects and if they don't, Binance smart chain will take over.  

Although not as expected, but I think Binance Smart Chain and Polkadot are good, both my investments in it are very profitable. Personally, I still prefer polkadot because they are very active in this market, and I think it will be in 3rd place soon, and I think it is well worth the moment this.

I think both platforms are good and promising, But if we choose only one, I prepare to pick the Binance smart Chain or BSC, Because it's a user-friendly platform and one of the cheapest transaction fees compared to many others especially Etherum including PolkaDot thats why BSC is more attractive compared to Polkadot and many others. 

the two seem now to be linked and compared, but I see if possible there should be a choice because they both have different platforms, prices, concepts and exchanges. but in my opinion BSC is still the best because having a large exchange like binance seems more convincing than polkadot

Polkadot is far better than BSC, you know there are a lot of things to be developed in Polkadot eco along with its parachain which allows other blockchain to communicate with one another. As a result more projects are getting interested into Polkadot lately. Even, Binance has donated $10 million to develop the Polkadot Eco.
I think it’s better than BSC without any doubt.

Hardware requirements and setup:
https://docs.binance.org/smart-chain/validator/guideline.html

Validators receive only commissions as a reward, this is not Ethereum where, in addition to commissions, miners also receive a block reward.
What does it take to become a validator? You must be voted on with a BNB token. In more professional terms, users delegate the validator with their tokens,
and the validator distributes the reward among its delegates. If you have tokens, and there is no interest in making a node, then delegate the tokens to the validator, and get profit.

That is, whoever has more BNB tokens is the one who will be the validator. Who has more rubles (BNB tokens)?

Binance. This is how decentralization works for Binance Smart Chain

But you do not think that Binance Smart Chain is bad, Polkadot has a similar scheme for assigning validators.

To be honest at this moment im with binance especially considering it a bigger ecosystem with working products and services with millions of active daily userbase, binance and its products are easily the top most used services at the moment.

I would not call BSC and all products build on it "centralized". Its like semi-decentralized. It has delegated POS mechanism, it may be forked by community anytime something bad happens on network (due to abuse of main nodes power) etc. And thats the point of speeding up transactions. The faster you want your chain to be the more centralized it needs to be. At the end both (fully decentralized coins such as bitcoin) and semi centralized chains (such as BSC) will find its use cases. BTC is good as store of value, BSC is good for swaps, wraps, cheap SC.

Binance Smart Chain uses the Proof-of-Staked Authority (PoSA) algorithm.
It is a mixture of 2 Proof-of-Stake and Proof-of-Authority algorithms.

Proof of Authority (PoA) is a reputation-based consensus algorithm that presents a practical and efficient solution for blockchains (especially private ones)
The Proof of Authority model is based on a limited number of block validators, which is what makes it a scalable system. Blocks and transactions are verified by pre-approved participants who act as moderators of the system.
https://academy.binance.com/en/articles/proof-of-authority-explained
https://bytwork.com/articles/binance-smart-chain

All products from Binance are constantly being made very convenient and understandable for beginners, it's the same here, absolutely anyone can make their own cryptocurrency project there.

But, for creating DEFI projects, I think Polkadot will be more suitable.

Both were having advantages and disadvantages and it's the same like when you are comparing polkadot with ethereum.
Binance itself is having so many dapps that build on the BSC chain. We can see that so many defi tried to created their platform on binance and they wanna try to integrated with the binance ecosystem and community.
POLKA is much more complicated than BSC to be understood by newbie.

The first difference between the two is Polkadot is decentralized and binance chain is fully centralized, and moreover developers don't just have interest much on binance chain, there is nothing that can change this, if devs have interest on binance chain it will be well adopted today, all wins go to Polkadot still

Do you see BSC? BSC is an alternative solution for the binance chain, i remember when the first version of binance chain already introduced in the past and it can't attract a lot of developers to use it but this time after binance was doing some improvement on its BSC protocol and There are lots of new developers are coming to the BSC ecosystem too.

"some improvement" = being 100% compatible with ETH. You know what is the problem of new chains? The fact that there is no infrastructure for it while ETH build its own for 6.5 years. I mean like metamask, tones of wallet supporting ERC-xx tokens, exchanges that can list new token with few clicks, developers that needed time to learn new programming language etc. BSC is 100% ETH compatible, means that you can move your project to BSC without coding it from beginning, you can use metamask as your BSC wallet, exchanges can list BCS token just as simply as ETH tokens etc. Simple - BSC have access to all infrastructure that ETH was building for 6.5 years.

We have to say that polkadot is better than Binance chain because Polkadot has a huge volume. Although still we don't know the maximum supply of Polkadot where Binance coin supply is fixed. We like to hold a fixed supply of any coins. I believe Polkadot will lose the top 10 altcoins in the next 2 years when Binance has several services.

Ethereum should launch Phase 2 in 2 years and become the best decentralized project in the world.
Think about why you are using decentralized ecosystems?
I use them only to be sure that my coins or stablecoins cannot be taken away from me (for example, Ethereum and AIM). Why should I use Binance Smart Chain?
I can also trade on the Binance exchange. This is somewhat similar to a multi-brand development strategy.

In current situation Polkadot is much better then Binance and its giving some good competition to Ethereum but as we are watching Ethereum is also working hard for some more development as they will able to bring some better technology in next few years then its going to good and more attractive then Polkadot because Ethereum is really one off best for years team behind this project is also have some good spirit to bring many new ways for better result.

I am seeing a big increase in market activity in favor of the DOT project, which can rightfully take some users from ETH, since DOT has a very interesting approach to placing other projects on its network.

Polkadot Good, but I have more faith in Binance smart chains. The reason is that binance has more of an influence. their platform is more independent, They have DEX, and are supported by big companies making it better. For now DOT does rank better on market cap, but despite all that their demand is still low.

for me , BSC is a clone from eth network which mission to reduce a high fees on eth , and of course with variant popular tokens/coins also include on smart chain, the best funcion from bsc for me , like i try to send btc to someone over there, rather than give high fees on btc chain, i prefer use bsc with btc pegged token, well , of course its seems centralized.
about polkadot , well , its a something new innovation for me, so polkadot seems better to choice, a new thing not always bad right ?

That's certainly true, mate. It's all about adoption instead of technological superiority. A cryptocurrency can have as many shiny features as developers want to, but without adoption, it won't go anywhere. Binance's blockchain network has a slight advantage over Polkadot as the company has all the funding needed to keep the project going for years to come. Being the world's biggest cryptocurrency exchange brings its benefits. Polkadot's place on the market might not last for long if hype goes all the way down the drain. Decentralized application (dApp) developers will be the ones who'll decide which platform to use for their own creations. The only downside about Binance Smart Chain is its utterly-centralized nature. Yet, it's growing at a steady rate as new dApps are built on the platform.

Nonetheless, I think both BNB and DOT are "neck and neck" when it comes to providing fast, scalable smart contracts for the world. Technically-speaking, both of these chains are far superior than ETH itself. But it's yet the time where ETH alternatives haven't proven themselves to be a real contender against Ethereum. As long as ETH remains as the "King of Smart Contracts", these aforementioned chains will only become a niche in the long run. At least, they're open source allowing existing projects to copy competitors' features in order to make the blockchain/crypto land a better place. Just my thoughts ;D

Polkadot may be much more extensive in the future than this project from Binance.

But, to get the maximum profit, you need to invest your own funds in both projects, very often, by investing money in projects from Binance, you can get some buns, coins that will be worth.

Once something is centralized , then the community wouldn’t show much interest in it and I guess that’s what is happening with the Binance Smart Chain, a lot of developers would prefer the alternative that is decentralized as they would like a platform that’s going to give them the full freedom to be able to run their projects the way they want it without any form of restrictions at all.Then as for Polkadot, this is not the first time I’m seeing people hype a new project as an Ethereum killer, I am not going to believe any of that until I see it come true. In most cases Devs are still going to consider Ethereum.

POLKA is practically equivalent to ethereum. The ethereum allies are additionally supporting polka right now.The POLKA environment is getting greater from time to the time. That is the reason a few people called that polka can be a genuine contender for ethereum. POLKA and BSC have similar opportunity to draw in the organizations.

Many projects already have similar functions and capabilities as Ethereum, some even have much more than Ethereum blockchain.

But Ethereum is a very popular project at the moment, it will be very difficult to take and break and overtake it.

Exactly. Centralization greatly defeats the purpose of crypto/Blockchain tech. While most people will fall for the scheme, some people are starting to gain knowledge on the subject. Believe me, no one will like dealing with something that's outside of their own control. It's like dealing with banks all over again. Binance Smart Chain may have attractive features, but it's largely controlled by Binance. The company makes you believe that their own blockchain is decentralized with its false propaganda. But those who dig deeper, will find that the majority of the network's nodes are controlled by Binance itself. As long as centralization persists, the "BNB" token will be subject to single points of failure. Imagine if someday Binance shut down its operations? Then Binance Smart Chain will fade into oblivion, leaving investors in the dust.

As far as I know, this is not an issue with Polkadot due to its decentralized nature. Of course, Ethereum is much more decentralized than the aforementioned blockchain networks. But I believe that DOT has higher potential than BNB because of the way it's designed. With decentralization, the project could become highly resistant against censorship. No company or government has the final say over the network's behavior or prominence in the mainstream world. I'd imagine most people will prefer Polkadot over Binance Smart Chain anytime because of this. As far as technical aspects are concerned, I think that both chains are "neck and neck". DOT and BNB are able to provide extremely low fees and blazing-fast transactions, making them a better alternative to ETH for "De-Fi". Yet, developers' interest in building new dApps on Ethereum hasn't declined. If this keeps up, neither DOT or BNB will be able to overcome ETH in the future. Just my opinion :)

Of course, the polkadot has been showing itself very well lately - people have long wanted a new, technological and working platform! But still, it has not yet been tested by time as binance, which has shown the most stable work over the years, and their token is only growing in price and breaking through a new ATH level!

Both projects are good. But the question is: Will they last for long? In a highly-competitive world, you're going to need to stay ahead of the game by providing attractive features without compromising security/reliability/decentralization. Despite both Polkadot and Binance Smart Chain's efforts, none have been able to overcome Ethereum's level of mainstream adoption. It's not about low fees and faster transaction confirmation times, but rather how solid a cryptocurrency's foundation is. Ethereum is built on solid foundations with an ample support of developers, businesses, and individuals alike. Competing chains can't rival Ethereum as they lack mainstream support. The majority of dApps and tokens are built on the Ethereum platform, making it the leader of the smart contracts space.

As far as both chains are concerned (Polkadot and BSC), I'd say they're very much alike. Both have different approaches to scalability, but they achieve nearly the same purpose (which is faster transactions at a fraction of the cost). Binance Smart Chain could become even better than Polkadot in the long run, as Binance has all of the resources required to make it happen (after all, it's the world's biggest crypto exchange). Yet, people will determine which one gains traction and which one goes down the drain. If both survive, then they'll remain as an alternative for those looking to escape from ETH's high fees and slow transaction confirmation times. But both chains won't be able to replace ETH because of the reasons mentioned earlier. It's not about which project is best, but rather which projects can work together in order to make crypto land a better place. Just my opinion :)

Polkadot is in number 6 and BSC is in number 7 right now. Both are competing with each other and ETH network high gas fees creates an opportunity for these project to attract new projects to migrate with their system. I prefer polkadot more than the BSC network because of its higher scalability and para chain features. Even binance donates money for the future development of polkadot.

I don't really like either at their cap.
Lots of projects out there that are capable of similar things or have almost identical usecases but for the real life changing opportunities you want small caps.

Blocknet and Bitbay are actually superior technically they are just unknown.

Where are the technical experts with the easy to digest graphical charts and comparisons.

I want potential 500x not 5x returns. I missed bitcoin in 2010.

You want solid robust tech microcaps that can do what these top 10 - 25 can do and better in some cases.

Well ... one of the key factors that distinguish a successful investor from an investor who loses everything is money management and diversification. Putting all your money into small-caps expose your wallet to high risk. Risk of loosing everything. Well diversified crypto wallet is like x% in stable coins, x% out of this in stable coin pools for passive income, x% in BTC, X% in big cap undervalued, deflationary coins with good APY from coin use cases - like BNB was before recent pump, x% in small caps for moonshots. That way, no mater what, you are always with money and ready for another investment.

Binance smart chain is a good competitor to polkadot, and it is strong because binance customer base is very large, binance just need to launch hood and hype ICO at his launch pad and only accept BNB will make BNB price sky rocketing like today because of safepal ICO and Litentry mining

I've known about binance smartchain like forever, I was excited when it was first announced but it failed to live up to my expectations, developers on the other hand failed to adopt this binance smartchain for unknown reasons but Polkadot, sigh! It gained developers heart already and be prepared many more projects are going for Polkadot

Right now Polkadot/Polkastarter is a hot cake, every projects that use this platform are always in good hands and fundraising always ends up in a big success, no wonder many new projects are rushing to Polkadot right now, can't be compared to binance smartchain sorry

Let's turn our attention to a working product. I personally am not a supporter of centralized systems, but I am a supporter of working systems. Therefore, I can confidently say that I would choose Binance even despite the centralization.

Honestly this will never have one true answer, impossible to decide something like this. Why? Because people who like polkadot, or even own polkadot, and do not have any bnb will say that dot is much better and it has started barely recently and already above bnb and so forth and will defend dot like it is the best currency that has ever existed in history of crypto currencies.

If you asked people who own bnb, or own any defi that bnb is tied with, and do not own any dot (I am one of these people) they will say that dot is overhyped, it doesn't have a reason to be this high, and it will eventually go lower and lower when the hype is over whereas bnb is backed by binance and keeps promoting and getting better with launchpad support. So, whoever you ask will give you a different answer, it is not going to be easy to decide which one is truly better.

BSC for now since Binance is getting mainstream everyday although it's centralized but some people already use it as their blockchain, as for polkadot I'm looking forward for this project for a long term since both of them being an alternative from ETH, Tron and etc.

Both are showing huge promising and a lot of hype around both for now, Polkadot is not ready and have no smart contract on it but good tech with hugely talented developers behind it, Binance has a very strong community already and this is helping it out, hardly will you find one person in Crypto that does not have a Binance account, this is a big thing to have. I will not bet against any because of the concern of centralization in Binance chain

Bnb showed impressive growth! Many defi projects are now choosing their blockchain for their product and users like it, because the commissions are much lower.
Now we should also pay attention to Huobi Eco Chain.

The current surge has made Binance Coin (BNB) the third-largest cryptocurrency by market cap, surpassing Polkadot (DOT) by a large margin. Yet, market cap doesn't necessarily indicate how well the project is doing in terms of mainstream adoption. For what I know, Binance Smart Chain is utterly centralized whereas Polkadot is the exact opposite of it. Binance's own smart contract platform shouldn't make use of the term "De-Fi" since the company controls most of the network's nodes. People don't care about decentralization when it comes to making money in the least time possible. They will see the consequences of centralization when Binance starts to do as it desires with its own Blockchain network.

I see Polkadot as a better version of Ethereum that doesn't sacrifice decentralization for convenience/ease of use. It could last a lifetime due to its decentralized and censorship-resistant design. Binance Smart Chain could go down the drain if Binance ceases its operations in the future. Anything could happen from governments destroying Binance, to a major hack, etc. Only truly decentralized blockchain networks like Polkadot and Ethereum will be able to stand the test of time. The sudden rise of BNB could only be temporary as a result of the existing "De-Fi" hype/craze. Gas fees are soaring on ETH like crazy, leading many traders to search for other options. It's no wonder why alternative smart contract platforms like Binance Smart Chain and Polkadot are getting traction these days. Whenever both will co-exist in the future, it's yet to be seen. At least, there's strong competition in the crypto/Blockchain space giving people the option to choose from one platform to another. Just my opinion :)

Polkadot is more decentralised than Binance chain but Binance has a big ecosystem to bootstrap it own community and is doing it now. I have said it that Binance Chain pose the greatest threat to Ethereum and it seems Ethereum people open the door for Binance to take over from them, people are shouting Centralisation, Is Ethereum 100% decentralised, most of these people do not look at the mirror and remove the beam from their eyes, how can you expect people to continue to pay $50 per transaction and you think that is sustainable and when people talk they will tell you shut up Ethereum 2.0 is on the way, but no deadline when this is coming. Polkadot is mo

I don't agree that polcadot is better than ethereum.
The polcadot network can serve no more than 100 parachains; with their further increase, performance problems in the mainnet will begin.
Now there are more than 300 projects in the polcadot network, and they will have to compete for places.
These restrictions will prevent all projects from developing successfully.

for now I see that binance smart chain is the best project and better than Polkadot, because all projects that use the platform from binance smart chain are sure to be successful, besides that the transaction fees from binance smart chain are also very cheap, so I'm sure if binance smart chain will be used by many new projects in the future and of course that will make binance smart chain even more popular.

Thanks for pointing that out. Increased network activity should be a real concern for Polkadot's performance in the long run. It could become as clogged as Ethereum if demand soars like crazy. That won't be a problem with Binance Smart Chain due to its utterly-centralized design. Most people don't care about decentralization these days, so they'll switch from DOT to BNB if the Polkadot's performance declines in the future. It's all a matter of searching for the next big thing in crypto.

I believe that smart contract platforms should focus on working together instead of competing against each other. Only then, crypto/Blockchain land will be a better place. Polkadot could complement Ethereum in times when the latter becomes extremely clogged. Binance Smart Chain could complement both Polkadot and Ethereum, serving as the ideal smart contract platform for businesses, and companies alike. There's nearly a blockchain for everything, each with their respective advantages/disadvantages from the other. Time will tell us each project's level of success depending on development progress, and mainstream adoption. Just my thoughts ;D

Totally agree, there will hardly be just one solution for all purposes and that's why both networks/projects will succeed in their niche. BUT compared to each other in the sense of CMC it'll probably be BSC who's gonna be bigger. Nonetheless I'll stick to DOT because of the save rewards which come with staking.

I know I'm a bit late to the party, but let's reheat this topic: How's your opinion half a year later? How many promising projects have been initiated?

I can't judge Polkadot as it hasn't launched completely yet. Parachains' auctions are only going to start in November, but I am sure that it will be a huge hype as there are many people who are interested in investing in it.

If comparing BSC and Polkadot, I think that Polkadot bypasses BSC in many respects. First of all, Polkadot is decentralised. Secondly, I suppose that Polkadot will be faster as it can run several transactions at the same time using several payment channels.

IF I AM To choose between all these smart contract platform. i will go with solana. it is faster and cheaper and more more secured than binance smart chain and polkadot. Solana has what it takes to be identify as the ethereum killer. Binance smart chain is centralized and controlled by the owner. Polkadot on the other hand is complicating. So many projects having their own smart contract chain in the same blockchain. it makes no sense.

I am more than excited to see the final result of this powerful Paybswap DEX connecting Binance smart chain to Polkadot and Etehreum using bridge modules. BSC , Polkadot and Ethereum are the future of DeFI and Paybswap aims to connect them all in one place. That blows my mind off.

until the time i hold the BSC coin. user friendly platform and one of the cheapest transaction fees compared to many others. I haven't tried Polkadot yet because it hasn't been fully launched yet. BSC has the opportunity to attract companies compared to Polkadot

polkadot seems to be getting serious about developing the network and challenging the BSC.  judging by the many statements that polkadot is currently the network with one of the best.  polka dot functionality is also very nice and relevant for transactions.  may be able to compete with BSC for low cost network in the future

Polkadot is a network that feels very fast and low cost, now more and more devs. who developed the polka-dot platform so that it will become a serious competitor to BSC in the future, I hope there is a big platform like Pancake swap so that it will make polkadot great.

in the bsc there is much more commission than in the dot, well, the speed of work, as for me, in the regiment is now much faster. But the fact is that the bsc have long been launched, the regiment is regarding their baby.

I agree with your opinion. Currently, the Polkadot network and its ecosystem are highly appreciated, its development potential in the future is huge. With fast transaction execution, low transaction fees, I think more and more people will love Polkadot. Currently, BSC still has more advantages, but in the future, Polkadot will be a very strong competitor to BSC.

I think polkadot has the potential to beat BSC, a lot of users are satisfied with Polkadot's performance, something that will piss devs off. immediately switch to the Polkadot platform, especially since BSC transaction fees continue to rise, so they have to look for a better and cheaper alternative, namely polkadot.

but Polkadot is far behind Binance Smart Chain in terms of using. BSC attracts many users and developers but Polkadot ecosystem needs some programs for promoting its blockchain.

BSC is also becoming the new ethereum where to send minute amount of money you have to spend a lot of money in the transaction fees, I guess it is the same for every network where the price of the coin increases the transaction fees also increase due to more congested network and delays in money transfer. Polkadot being new and less known, new projects can shift to it or choose it which could benefit both, the developers and investors.

Cryptocurrency traders say that Polkadot is a blockchain network with speed and scalability.
The dominance among smart contract blockchains is well underway like binance smart chain, Etherscan etc.
Polkadot is one product that is thought to be part of the future of cryptocurrencies.

Polkadot with the advantages of high scalability and low cost is a hits in the world of crypto networks.. Binance smart chain is very popular because it is a solution from Ethereum at that time with a very high gas cost.. But right now competition in the world of blockchain networks has become very interesting lately.

Polkadot is likely to surpass BNB sooner or later considering that dot is not an ethereum clone but a ground up system to accommodate other chains and also much more better system that promise better interpolarity cross chain and many other use case So I think personally Is going to do much more better but binance have already developed defi games nfts and so many things that it will be hard to lose all those to another chain So basically another day another competition

The potentially centralized nature of BSC kind of defeats the whole point.  Yeah anyone can become a validator... technically... but with the very low number of validators allowed and the uneven distribution of assets you have to trust they aren't at any time partially controlled by some group (including you Binance with your centralized exchange).  Yes it gets faster transactions this way but one of the whole points of crypto is we are ok with a less efficient system (for now) in return for not having to trust anyone is not influencing things.

I am surprised about the things I read about this comparison between BNB and Polkadot... to be honest, I am a BNB user, I didn't try Polkadot yet! My road to BNB wasn't simple, before BNB I used other chains and BNB came as very good, a lot better than the ones I was using before!

Definitely, this thread and some comments affected me, I will take a closer look at Polkadot and if I like it I will definitely try it!

Well, BNB has a lot more uses such as in the Defi space but Polkadot is also working on it to crease real use case (with their parachains). Furthermore, it is an interesting coin because of the staking. On most sites you get up to 12% so it adds up quickly.

BNB has always been tied to many platforms that have great potential and I see if Polkadot releases web3 well then it can be done on Binance too and if from experience so far I still choose Binance as one of the best platforms of choice. However, if the polkadot platform has been fully released, then it is not wrong if we also use the platform to carry out our trading activities because as ordinary people, of course there are no limits to doing this.

it is natural that we will do and look for the best alternative or at least get to know the method with a different platform, where it could be that one day the platform will actually be the choice of project makers to determine the coins to be marketed.

but i totally agree that until now the binance platform is probably still the best and cheapest that can be used.
is it not possible that polka dots can also be an option? Of course, on the way it can be done if indeed polka-dot is also one of the best and reliable choices, but for now maybe we have to look at the fact that Binance is still the best and often used compared to other new platforms.

If you are being practical, right now, you will of course choose BSC as they have long list of trading pairs as well as cheap fees. With comparison with DOT, I don't think they can be compared right now. How many projects are on board with DOT vs BSC. So the availability of what you want is the consideration here. So right now, BSC has more advantages over DOT. Let us see if DOT can cope up with the market.

Polkadot has much better price prospects than the BNB coin. Not because the project is better, but because it is still quite cheap. On November 11 the auctions will start, you will see a doubling of the price, because there will be very few free coins in circulation. This also applies to KSM.

A glimpse of Polkascan.io the daily transaction amount using Polkadot is less than 20,000 per day at the time of writing. Compared to Etherscan.io , Ethereum's daily transactions are more or less flat at around 1 million per day. And Binance Smart Chain via BSCScan.com ? They have grown to over 5 million per day.

In this case, it can be said if it is true that BSC has advantages, but polka dots also have significant developments

I think Binance Smart Chain can be better than Polkadot in the long run, because Binance has all the necessary resources to make it happen (after all, it is the largest crypto exchange in the world. so I am sure that binance smart chain will be used by many new projects in the world. future and of course it will make the binance smart chain even more popular.

Your analysis is perfect. I am in line with all pros and cons you mentioned. But on the other hand, I don't think we should choose between any of them. Especially after I saw Paybswap DEX and what they are planning to create. I am more than excited to see the final result of this powerful Paybswap DEX connecting the Binance smart chain to Polkadot and Etehreum using bridge modules. BSC, Polkadot, and Ethereum are the future of Defi and Paybswap aims to connect them all in one place. That blows my mind off.

I think that many are going to BSC because the majority of games and NFT projects are under that network, it is not necessary to point out that many use the network for its low fees, also that some game projects are using BSC's testnet network for different betas. The Polkadot network has a long future, but it has to be more competitive for project managers to choose it, so far the one with the greatest leadership is BSC and even by fashion.

For now I see it very difficult to dethrone the BSC network, although as I say if they offer better benefits it is likely.

as an alternative it seems good to choose the polkadot platform, smart contracts like this are very popular with many people because on other platforms everyone will have difficulty due to high transaction costs, of course people will look for other alternatives, namely using the polkadot platform, but for that there is still 1 platform that also has low transaction fees, namely Polygons

we as users of course compare which network is more profitable to use. With the high transaction fees of the ethereum network, the BSC network appeared, and this time the polka-dot network to the polygon network. all of that for me will still be used as needed, and of course choose the network with the lowest fee

I think POLKA is better than Binance Smart Chain. Because POLKA is not centralized like Binance Smart Chain. But now I use both platforms because they are very functional and reliable.

If indeed Polka can be better than Binance Smart Chain, why do you still choose both at this time ? you should only choose Polka because he looks better in your eyes even though Binance Smart Chain is still very helpful and is still trusted by many people to use.

If that option is better, everyone will look for a reduced shipping fee and the transaction process is also fairly fast, because in today's era what they are looking for is convenience, cheaper shipping costs, and the process is fast, that's what people are looking for. society especially, users who have not too many assets, The problem is that someone is used to fast transaction things, it can't be denied because we here in the Cryptocurrency world all want to use technology that has speed in terms of transactions, especially regarding sending personal assets they..

Polkadot and Binance Smart Chain are really hard to choose because they are both really good for now,
BSC with a large community and low cost is the choice of many projects for now,
while polkadot, although not as popular as smart chain binance, is ethereum's main competitor,
for now i still choose both

Until now, there are indeed many who are looking for alternatives so that transaction costs can be reduced as cheaply as possible without reducing the transaction speed and security that can still be guaranteed.
the growth of other platforms apart from the ethereum platform is clearly very good and useful to be used as a reference to use so that what we want can be achieved.

the binance platform and the polkadot platform actually if you want to see from their use it is clear that many are using the binance platform, this can be seen from the many new projects that use the binance platform and it seems that polkadot is still not optimal. but if we try to use which one depends, all can not be avoided from what we have and what we will do.


It may or may not be true, because if the fees are expensive but what we do the transaction is quite high, obviously the cost is not a problem, but what we are looking for is because we feel that the transaction will be safe and fast. but if the transaction value is small, obviously we will do it and look for it at a lower cost and still be safe and fast. so it all depends on what and how much we will do to be successful and fast and safe.

My portfolio currently consists of 40% BTC, 30% ETH and the rest are evenly spread out between my top fave altcoins - ADA, LTC and this promising gem called PAYB.  A DEX bridging BSC to the super-hyped Polkadot ecosystem.
I strongly believe these coins will bring me some good profits in this bull run.

BSC is where the money's at. There are lot of projects being built on both ETH and BSC than on any other smart contract platform. Polkadot may have promising tech, but it's lacking a solid ecosystem of dApps, tokens, and services. It's all about which coin is most widely adopted in the mainstream world in order to stay within the top ranks in market cap. And by the looks of it, Binance Smart Chain (powered by BNB) has a greater level of adoption than Polkadot itself. Ultimately, the person decides which coin to invest for the long haul. As long as these projects focus on decentralization, nothing else matters. Just my thoughts ;D

 The binance smart chain is fully controlled. By BINANCE and it s centralized . And the other side polka is decentralized  but if we see in the future BINANCE SMART CHAIN have very big projects. A lot of fame and  new projects for the BINANCE SMART CHAIN. So for me BINANCE SMART CHAIN

Indeed polka dots and binance are the best investments right now, but if you research deeper then you will be able to determine which altcoin is the best, I personally recommend binance because this altcoin is very decentralized this can be seen from many large projects that use the binance network, besides that  binance has also burned a lot of tokens resulting in reduced supply, this is what has allowed BNB's growth to increase so that it is currently ranked 3rd on CMC at a price of $551.63.

It think that Polkadot will be a hype of the end of 2021 and the beginning of 2022. Polkadot has grown by more than 60% in a month and reached its historical maximum. The reason for such growth for Polkadot was the long-awaited launch of parachains, as it was earlier with Kusama, which inspired great faith in the DOT growth of 100-200-300 dollars. Often the market goes against the crowd, of course, we'll see. Recently Polkadot team wrote that the proposal to include the registration of the commission was submitted to a public referendum, which became the fuel for the new ATH. The first auction is scheduled for November 11.

Im extremely bullish on polkadot and Kusama I think what they are doing is pretty groundbreaking they literally have no other competition. I am heavily invested into both projects and will be holding both of them for a long ass time haha. :)

I had no doubt that Polkadot has a potentials to increase more in the future. However, for now I'd rather to choose BSC maybe because it was most often being used every time there is a new project that will arise here in the crypto space while in Polkadot platform is too seldom at the moment to be use by the new projects. Although, DOT was one of my assets that I am holding for the long term.

take a closer look and be more thorough in the development of Crypto in recent times, there have been many projects that have functions and capabilities that are almost similar to the growth of Ethereum, some even have more than the Ethereum blockchain itself.
but for now ethereum is a project that is still very popular to this day and I think it will be very difficult for other projects to take the steps that resemble ethereum.

I will choose polkadot then BSC, because of the developer if BSC is gavin wood. And the uses case for DeFi is more in polkadot then BSC. It will take time to create fulky functional system but dot will made it in the end. :)

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I agree. And Polkadot pretty much have interesting Parachains. I'm actually looking forward for this project called "Polkastream". it's a one-stop-shop streaming platform backed with Crypto utility. I'm very excited for the project to finish its preparation. I'm sure this will be big!   

What is the reason to you for believing that BSC is better that Polkadot ?? I think the less transaction fee one of the best reason to become ahead to BSC .The both chain are well established and more secured than any  other  chain .We are facing the fee issue on eth chain but the BSC help us to solve that but i am really thinking about that when the transaction pressure will increase how it will act with us .Probably the team will do something to correct it .I am really upset about eth chain hope something positive will come within short time .

Of course. But most people don't care about Binance Smart Chain's centralization, since it's all about making the most money in the least time possible. As long as their pockets are filled with money, nothing else matters. New projects are building on top of BSC, while Polkadot is being left behind in the dust. It's a pity, considering that the latter (Polkadot) focuses on decentralization and censorship-resistance. DOT would've been a great ETH contender if developers made quality dApps on its blockchain network. BSC is rising at full speed, so it's hard to say Polkadot will take its place on the market anytime soon.

Which cryptocurrency to use, comes down to a person's preference. If you like decentralization, then choose Polkadot. But if you like convenience and greater user experience, then choose BNB. Both projects are being actively developed, so there's a possibility they'll survive for a long time. Just my opinion :)

The reason I have been using BSc Coin since the day I came to the world of Kiptot Currency is because I have been using it since I came to study and that is why I got it from Kolkata with his consent.

I very much agree that the story of centralization is indeed almost over. What belongs to the future should be decentralization, giving power to users, and centralization will stop doing evil.
Dot is bound to be the future, because he has solved many problems and is truly in line with the future development of blockchain.

Polkadot is more decentralized than the Binance Chain, but Binance has a huge ecosystem to bootstrap its own community and is doing it right now. I have already said that Binance Chain poses the biggest threat to Ethereum and it seems the Ethereum people are opening the door for Binance to take over from them, people are shouting Centralization, Is Ethereum 100% decentralized, most of these people don't look in the mirror and take the spotlight out of their eyes, how can you expect people to keep paying $50 per transaction and you think it's sustainable and when people talk they'll tell you shut up Ethereum 2.0 is on its way, but there's no deadline for when this will come.

Binance Smart chain is closest to ethereum. Polkadot when compared to Binance smart chain definitely Binance Smart chain will be superior. With low cost, high transaction speed, easy to use, large community, backup of world exchange (Binance) all owned by Binance Smart chain. What is seen from the shortcomings of the Binance Smart Chain network is, the low cost of making tokens makes a lot of fraud such as shitcoin entering the Binance Smart chain network.

This means that you are still very new to cryptocurrency, because the BSC network is a network that has not been operating in the crypto space for a long time, because in the past BNB was built with ETH smart contracts before Binance launched its own network, namely BSC.

Yep, polkadot have the same potential as polygon. however, when compared to BSC, I strongly believe that nowadays people will tend to prefer BSC over polkadot. even, when people choose between ethereum and BSC, maybe BSC can still excel. I think currently the order of the network after Ethereum, the best is BSC.

As they have already said before, Polkadot is a powerful network, but it is not well established yet, however BSC is now collapsing a lot in its network, I particularly like the BSC network more for its comfortable fees, also many projects have been booming However, for the metaverses it would be ideal for Polkadot to integrate and start with healthy competition, many metaverter projects are moving towards other networks, one like Polygon's, it is not bad but there is information that will be a boom, but now the BSC network as long as the NFT game project continues to be great, at least by 2022 it will be even better from what it looks like.

Most people prefer BSC on top of Polkadot simply because it has many projects built on it. The vast majority of NFTs are built on BSC these days, so Polkadot's going to have a hard time to reach the top. Nowadays, convenience goes on top of decentralization so any platform with popular dApps, tokens, and services will surely gain the most attention in the mainstream world. Polkadot would've been a big hit if developers ramped up marketing/promotion efforts. It has the potential to take the decentralized web by storm. Without mainstream awareness, how can you expect it to soar towards new heights? As long as Binance Smart Chain is in the lead, Polkadot won't be going anywhere. Just my thoughts ;D

In my opinion, just the hype that is being created around PolkaDot testifies to a good marketing team. Here, rather, the reverse side, Polkadot is much worse technically and also because of the huge hype around him, there is mistrust in him, which cannot be said about BSC. In my opinion, for a normally sane person, the choice is obvious.

I am not a BSC adherent, but objectively there is nothing better at the moment. Polkadot? - Definitely not, Ethereum? - especially not, now there is no worthy competitor.