Bitcoin Forum

It is a tough question as there are many pros and cons for each blockchain, I would love to use Ethereum, but the gas fees is not prohibited for small investors. BSC on the other side it has an acceptable or an almost "fixed" gas fee, however most of the scams are created on top of BSC due to the low price to create it, not to mention the confusion between BNB BSC and BNB Binance. There are others like Tron, Avalanche, Bitgert, etc.
Which blockchain would you recommend and why if you are to create a new token? ??? ??? ???

In my opinion you can use matic chain because its now work like same as eth and also fast and secure and low transaction fee like 0 fees. Also there others few chain which also works good now like avalanche and rose and on the other hand now sol also most fvrt in ecosystem you can test also that for a gd future.

I still prefer Binance, don't mind all those scam tokens on the BSC chain, that's also the case when Ethereum was fast and cheap if you are going to create a token you want the best for your investors so BSC is a perfect choice right now, and about your confusion, you are confused because you do not understand how Binance chain works but if you are an investor you should know this.
Binance is very popular and investors and traders understand how all these chains work if you do not know then you are a newbie in the Cryptocurrency world.

Use BSC the fee is much more cheaper than Ethereum network. I am not sure where did you get confused with, BNB BSC and BNB Binance is the same the difference is that BNB in BSC is stored in BSC wallet (Metamask, etc.) while the BNB in Binance stored in their wallet. 

As you mentioned there are some  pros and cons in every Blockchain especially Security and Fee is the biggest drawback which should be resolved.
Tron fee is now much higher then Back so I will not choose Tron Network.
Avax is good Blockchain but still needed some top class project to be launch there and then we can decide which way these project behave.
In my mind Near will top one because their security is very strong and they have large partnership with Projects. Fee is also very low. This Project already successful in NFT and hope will be best Blockchain in future.

Here's my best choice for you to issue your token

for first layer blockchain

1. Solana - Big ecosystem and so many dapps on there.
2. Avalanche - This must be the best ecosystem after solana as first layer blockchain
3. Terra luna network - The last one to issue your assets. This one is best as solana and avalanche.


If you are also interesting to issue your token in the second layer blockchain and you can go to these blockchain

1. Polygon
2. Fantom

Those are my best choices to issue your assets but the choice is yours.

It inherently depends on what you are trying to build. Although most of the smart contract is built using Solidity and using EVM, even if there is an exception, choosing which platform to build should be decided on what you are trying to achieve, it best aligned with how your main cryptocurrenices did, do they offer a strong security layer in the main chain, do they support the builders by giving some grants or like how the community within their ecosystem. Disregarding because of some cryptocurrency has most scam and the user lack of clarity shouldn't be considered as an option to choose which platform to build.

It mainly depends on the type of smart contract you want to create. In other words, the choice of network will be determined by the characteristics of the token you will develop.
With the multiplicity of networks, it is noticeable that each of them has its advantages and disadvantages. This goes beyond mere high fees to reach the token's ability to compete against other projects that are developed on other different networks.

And according to your question, you don't seem to be a professional developer or have enough knowledge in the technical field of networking. Therefore, it would be better to hire a competent person with a technical advisor because these details are so delicate and sensitive that you are not likely to make a wrong choice because it can only be bypassed after developing a new smart contract.

 I still prefer BSC over other competitions to ETH. I mean sure ETH is the best and biggest but the costs involved are huge and don't really make it a feasible thing unless you are a huge company. If you are starting a new token and have like 1 million dollars to spend, then ETH could be done because you could do insane marketing for it and get enough rich people who can pay the gas fee and that number could convince some poorer people too. However, if you do not have that kind of money, sol, avax, matic, dot whatever will not be my choice, BSC is still by far the best out of all of them in my mind. Its a great alternative, and backed by the biggest exchange in the world.

Depends on your project, which services you are planning to offer?
BSC can still be a good option just create a legit project, or Avalanche chain can also be your best option because it is still cheap and the transactions are fast as well. Many are still trying new chain but they failed to attract investors, better to consider this as well.

Solana was the best one for you. Fast growth ecosystem, so many support from the major exchange sites especially FTX, Very big popularity and many more. So many new developers are also starting to create their own dapps on the solana ecosystem. This is the most suitable blockchain for you and you can get a big support as there are also some popular launch pad platforms on solana as well. This is not on your list but you must also consider this as the best choice for now. Ethereum may be good but solana was also pretty similar as ethereum ecosystem.
It's better if you are starting to consider it right now.

Also, if the OP is serious in deploying their own project and has sincere business goals, choosing the right network is just secondary. Because if you have solid foundation to start with, you can basically deploy it to these top networks (at least with cheaper fees to attract more users) with not so much burden. So even if it is SOL or AVAX or MATIC, the success of the project depends on how the team itself will achieve those objectives. In this regard, I can say, it is not network-dependent.

For now I think bnbchain is more suitable for a new project, although there are a lot of bad token in the chain. @OP it's not only in the BNB chain that there are a lot of trash projects, but in others there were even before the bnb chain started operating there were many cases like that. And This all depends also on what products you offer to investors.

I personally would not create any token so I cannot give you a technical answer from a developer's perspective.

Follow where the money is if profit is what you are after and that should narrow down the option to the most popular or most used chain. Don't mind the reputation of Ethereum and BSC because many scam projects were launched there.

For me, the blockchain must be scalable enough to handle any transactions with cheap fees. When someone wanna issue the token and this token will be used as a part of its own platform and anyone who will be wanna using it must also pay small fees for that thing to happen. In my opinion if the most scalable blockchain is good enough for that like avalanche.
The question is what will be the purpose of this blockchain? I meant for your platform just like create metaverse, defi or something else maybe

I will choose the binance smart chain as the blockchain is fast and the gas fees are flexible enough with a faster transaction time, apart from that the Binance smart chain also uses its native coin binance coin for the gas fees which makes it more of a utility blockchain.

eth can be used for projects that you think will bring good profits. But I'm still in favor of bsc. Yes, scammers may be using it right now due to cheap transaction fees. But most of these projects are already self-evident with a little research. You can understand which project was created for fraudulent purposes by just taking a glance at the projects you will invest in.

I thought you would ask which blockchain I would prefer overall. I would have answered Bitcoin. Of course nobody would prefer other blockchains aside from Bitcoin's. But since you are asking which blockchain would I be using if I were to create a new token, I would definitely choose Ethereum's blockchain. Why? Should I need to justify it when I am choosing the next most trusted blockchain in the entire history of the blockchain technology? The reason the fees are surging with Ethereum's blockchain is the strong demand for it. BSC is trash.

BSC is a great choice, if you are planning to create a token/project. In addition to low gas fees and relatively fast average transaction times if the project or token used has good prospects in terms of utility and concept, it is also possible that Binance will support and include your coins on the exchange.

You can use solana, velas, avalanche and a few others but for now I still personally prefer the BSC network, it's just better and easier for both old and new crypto investors and also more popular.

If you are a low-risk investor or those who have only a few bucks to invest in crypto, I recommend finding some good tokens on Matic or Avalanche network which have some promising futures and some legit developers. If you are unto a long-term investment, you can select some tokens that are using those networks or you can also buy their actual tokens to ensure profits in the future. Since these networks will not cease to develop their product, you can ensure that they will gonna increase their price once they burned their tokens and update them to gather more investors.

You can try to use fantom. Fantom has become a very potential blockchain these days. I will be using fantom as a blockchain to issue my own token. I know that layer 1 blockchain may become the first choice but you can also consider about the potential of the fantom blockchain as well. This blockchain is gaining a very big traction these days as people are massively investing and using this blockchain.
This is a second layer blockchain combined with web 3 development. That will be very suitable for you to develop your project used this blockchain. fantom is better than BSC

It's like As new blockchain startups are launched every day other journalists are trying to understand the complex, confusing, and general thinking world of Bitcoin, Blockchain, and cryptocurrencies. I have a lot of experience using different blockchains. I have selected several with certain criteria; they have been chosen for their value, innovation, security, and reach one of them is BNB, Even though Binance is complicated, once you get used to it, you will be amazed by its amazing system.

The eth blockchain is unusable at least until the fees return reasonable, the bsc blockchain is a temporary alternative to be used carefully, perhaps the definitive solution is the matic blockchain with very low fees

I use them all and I can say BSC is great also FTM wallet on SOL... They all are great and can take eth place if they dont fix the problems with fees.

Well, personally I also like ethereum, but because the fees are quite expensive, I use BSC more often because the fees are much cheaper, and now it's very easy to use.
however, the blockchains I use the most are ETH, BSC, Matic, and TRX. well, i think those 4 blockchains are used very often nowadays, although i use BSC more often than others nowadays.

Hey buddy why not Go with Matic it will definetly help the new developer being the supporter of ETH Matic had really low fees and uses Proof of Stake mechanism Polygon native token matic is also doing really great their are also many underrated and new blockchain like TRON KILT so be can also look on these blockchain

What exactly are you accomplishing here first? Are you trying to look for a Blockchain and use that Blockchain alone for good? Each of the blockchain here have their own cons and pros and you should do your own research about it and if you are trying to look for alternative blockchain just to eliminate the expensive transaction fee from Ethereum network then I suggest to go with the Binance Smart Chain network.

ya.ya.yo!

Fantom as a network could be a decent one, when you look at it in the technological sense I am sure that it is one of the better ones but unfortunately it doesn't have the hype and the community of the other ones. That's their problem, I always said the same thing about Tron as well.

Tron had TRC20 for a while now and they are definitely a great technological network to use and I am sure that if everyone started using it then it would have become a good one. However, it is quite obvious that we shouldn't really consider them high right now, do we? That is why I believe that phantom is the same logic, could have been good but didn't get attention.

 As a Turkish person, I have to say Avax :D I mean I only invested in it, and never really used it much and I am not the person to talk about it, I am not really knowledgeable about it so take what I am saying with a grain of salt. However, aside from the obvious eth and BSC options, the third one has always been avax for me, both because of the nationality deal that is obvious, but also because it is trying to solve the gas fee issue in a method that is unseen from anything else. SOL keeps having troubles, ada keeps having troubles, I haven't heard any troubles coming from Avax so far. That is a very good reason to start there, but I am not sure how easy it would be.

It all depends on what your token / product is to be used for.
I agree that Ethereum blockchain is the most proven and trusted, but the obstacle to its practical application are very high trasaction fees (we all look forward to the introduction of ETH 2.0 which should change all that).
In my opinion, BSC is the most practical blockchain at the moment. The fact that it is used by projects with bad intentions does not change the fact that it is simply the most convenient. Is it because most criminals use $ for shady business, the dollar is losing something? No, it's just that everyone uses dollars anyway, because they're the most convenient. Same is with BSC.

while i am looking at the tx fees among new networks like bsc, matic, sol, trc20, fantom >> matic/bsc/trx have somehow the lowest fee (in terms of usdt withdrawal) in some exchanges. but in casinos, matic has the lowest fee in terms of usdt withdrawal. so it depends on the platform you are using. we already know that up until now erc20 is still expensive.
if the op will launch his project, better look at these new networks. they have their own pros and cons but what matters most, is how the project will move forward to attain their goals/objectives.

There are a number of factors you have to consider. Cryptocurrency is about people and one of the things that will help you to succeed is making it possible for people to buy your tokens - basically to interact with your tokens. You consider what people are familiar with, for example, currently IMO, most people are familiar with BSC chain since Ethereum fees are currently high (though Ethereum was popular but the high gas fees make people not to engage in it as much as was the case few years ago). Other blockchains are good like Avalanche, Cardano, Solana, etc. but the average person my find it a bit complex to use in the wallet, hence making it less popular. I suggest you go for BSC blockchain. Scam tokens have no future, because in a short while, people will find out and boycott it. There are numerous genuine tokens built on BSC with bright prospects.

On the issue of confusion on the use of BNB, BSC. BNB is a coin (Binance coin) that can operate on two networks - Binance Chain or Binance Smart Chain (BSC). BNB is used to pay gas fees for the networks. This website (https://www.exodus.com/news/what-is-binance-smart-chain-bnb/) may help for more clarifications on the subject.