Ever since the "De-Fi" craze began on 2020, Binance Coin has been on a constant uptrend in price. It went all the way from nearly $20 to just $500 in a matter of months. Binance has done a good job in promoting its own currency, resulting in massive adoption in the mainstream world. The world's largest crypto exchange owns "CoinMarketCap" so it has all the tools to make BNB a huge success. With near-zero fees and near-instant transaction confirmation times, Binance Smart Chain (which powers BNB) could become the "next Ethereum" in the crypto/blockchain space. Vitalik and his team better hurry up on scaling Ethereum before it's too late. With how fast BNB has grown lately, it could flip ETH sometime in the future.
What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much
Same thought a few months ago, but right now I think the success of BSC mainly comes from good marketing and good community relations kept by CZ, as the Binance Smart Chain is more kinda like a community chain rather than an official chain for Binance. Indeed there are lots of good projects on BSC, and the whole ecosystem maintained great, and there would be potential benefits for projects to launch on BSC : the lower gas fee and the potential to be listed on one of the mega centralized exchange: Binance. However, the main tech-iteration comes from Ethereum, comes from Vitalik and the Geek community, and BSC acts more like a side chain for Ethereum, combining the benefits for both centralized and decentralized world. So if there's one proper way to define BSC, I think it would be a transition from Ethereum 1.0 to Ethereum 2.0 or Layer 2 solution, rather than becoming the "New Ethereum". Also please try to read the in-depth interview for CZ hosted by LatePost, might get a better understanding of Binance, BSC and CZ.
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