Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain

[voztata]

It might be faster but also less decentralized at the start. Only 11 nodes, just like NEO.

This should be a chance for Ethereum to work on their own technology too and use the loop holes of BNB chain to better their own system because the way BNB chain is gaining popularity mate, its very alarming and it just a matter of time if care is not taken by Ethereum before people fully migrate from ECR 20 token to Binance chain and this might make ethereum experience great decline in the price of their coin since Binance is faster.

Talking about new, how is neo fairing because I just remembered I have some investment in NEO to now that you mentioned it.

[KeikoSimone]

would be interesting to see, what will be those 8 ERC20 tokens which will move to binance chain?

will it be BAT, MCO ?

[KeikoSimone]

looks like ENJ is confirmed

[Ucy]

Binance is merely an exchange coin not a virtual machine based coin or have this changed?  VM projects should be more advanced than simple blockchain.
There are lots of decentralized  exchanges on ethereum blockchain already . There is no basis for comparing the two .

[KeikoSimone]

Binance is merely an exchange coin not a virtual machine based coin or have this changed?  VM projects should be more advanced than simple blockchain.
There are lots of decentralized  exchanges on ethereum blockchain already . There is no basis for comparing the two .

All the DEX on ETH blockchain are on the verge of dying bcoz of low volume
Binance DEX will boom from the launch
plus token migration

[HellDiverUK]

Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain

https://www.youtube.com/watch?v=EIlbnc7iQwU

I think this dex project gonna have bright future if token thats move to binance chain is not shitcoin, they have more selective in project or ICO that joined binance launch platform

[milewilda]

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

[KeikoSimone]

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

[Yaunfitda]

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

Sorry but I'm not familiar which 4 ERC20 tokens have switched to Binance chain, so it's interesting. I think Binance one advantage though that projects are looking is that it's one of the top exchanges right now, so they have a backing, but this sort of centralized everything in my opinion.

Although four is not a good indication that others may follow though. Ethereum still enjoy the support of the community and projects so it's going to be difficult for them to simply switch.

[futureofeth]

Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain

https://www.youtube.com/watch?v=EIlbnc7iQwU

I think this dex project gonna have bright future if token thats move to binance chain is not shitcoin, they have more selective in project or ICO that joined binance launch platform

Yes, Binance chain is very serious blockchain which they are going to keep some restrictions in the market with active developments from the team. So we have to wait for and see how far this Binance chain will help the investors to safeguard their investments. As of now, they are very selective for listing IEO on Binance launchpad, for its future we have to wait and see how far it is beneficial to the investors.

[Barbut]

Binance Chain Faster than Ethereum & ERC20 tokens will move to Binance Chain

https://www.youtube.com/watch?v=EIlbnc7iQwU

I think this dex project gonna have bright future if token thats move to binance chain is not shitcoin, they have more selective in project or ICO that joined binance launch platform

Yes, Binance chain is very serious blockchain which they are going to keep some restrictions in the market with active developments from the team. So we have to wait for and see how far this Binance chain will help the investors to safeguard their investments. As of now, they are very selective for listing IEO on Binance launchpad, for its future we have to wait and see how far it is beneficial to the investors.

Just in case I have bnb and eth, and for those who dont know what to do, I suggest investing in both. About the future, I dont think that bnb can overtake ethereum, some people like decentralized ethereum and Vitalik, on other side CZ and bnb are new on the market, and lets not get carried away with their quick success, time needs to pass for them to establish what ethereum already have.

[KeikoSimone]

BNB not competing with Ethereum Chain
BNB is a simple chain, where as Ethereum having smart contracts.. mostly ethereum competitors are EOS, NEO, ICX, Tezos, ETC, TRON

But this BNB chain will bring revolution to the crypto world. 1 second block time and 1 confirmation is a killer..

everyone knows the pain of transferring btc to exchange or making payment with btc and waiting for sweet 20-30 mins.


5 tokens already switched to binance chain. MITH, NOW, ATOMIC,  Redpulse Phoenix, Spendcoin & 7 more tokens from ETH chain will move to BNB chain.

[KeikoSimone]

this is a long term hold Coin

[KeikoSimone]

CZ is really smart to not go with smart contract race and target max customers

[beerlover]

Just in case I have bnb and eth, and for those who dont know what to do, I suggest investing in both. About the future, I dont think that bnb can overtake ethereum, some people like decentralized ethereum and Vitalik, on other side CZ and bnb are new on the market, and lets not get carried away with their quick success, time needs to pass for them to establish what ethereum already have.

It is possible for Bitcoin to supersede ethereum if they don’t also work to improve their chain services, major thing I have been hearing people seek for in Ethereum, is the speed and security, this is one complain that I feel Bitcoin too advantage on to better their own system by providing solution to it which many people have seen.

Once people starts getting use to the BNB chain speed and reviews comes out on different media, gradually, people will start shifting their attention to migrating to BNB chain for the existing ones, while the new ones will basically develop their project using BNB chain.

[creeps]

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

It might be too slow right now but I expect ETH to do more better. There will be a new upcoming upgrade with ETH and it can be a good reason for an ERC20 token to stay with ETH blockchain. Well, its their choice after all maybe those 4 ERC20 tokens needs more exposure in the market and put their coin where the hype is high is good strategy.

[Kevin77]

I think the point is there is at least someone challenging ethereum for good now. I know tron and neo and eos and what not all tried some sort of ways to pick out on ethereum (either ICO or dapp or whatever) and ethereum is still strong as always but with this binance IEO thing as well I do not think it will stay strong too much.

After all, if we are looking at it technically than ethereum could still be better way to do an ICO and that is fine however binance has the tech (better or worse) and the exchange which means they have the power to list a coin on its first day which will make people interested in that coin a lot more and I think that is what ethereum is lacking and that is why binance chain could be a lot bigger than the ethereum ways of the past.

[Kemarit]

BNB not competing with Ethereum Chain
BNB is a simple chain, where as Ethereum having smart contracts.. mostly ethereum competitors are EOS, NEO, ICX, Tezos, ETC, TRON

But this BNB chain will bring revolution to the crypto world. 1 second block time and 1 confirmation is a killer..

everyone knows the pain of transferring btc to exchange or making payment with btc and waiting for sweet 20-30 mins.


5 tokens already switched to binance chain. MITH, NOW, ATOMIC,  Redpulse Phoenix, Spendcoin & 7 more tokens from ETH chain will move to BNB chain.

And another one, Gifto (GTO)

https://medium.com/@gifto/mass-adoption-token-meets-mass-adoption-chain-gifto-migrates-to-binance-chain-af8cf906e13a

And it's interesting that ther reason they give is that they wanted a fast network. How about security though, how secure is Binance Chain? I haven't read all about this revolutionary technology in detail and all I heard is that it's really fast. But what if the network gets clogged when majority of ERC20 tokens moves? Can it still handle workloads?

[nik009]

This time around, the first step is to define what is the competitor? Binance Chain does not presently have smart contracts, it becomes meaningless to treat it as a competitor

[milewilda]

It may be fast but wont really be enough for ERC20 token users or supporters to switch up on Binance chain.It would still be a good alternative though and it wont really cross the borders.

4 ERC20 tokens already switched to Binance chain
Many more coming.. ETH is really way too slow compare to Binance chain 1 sec block

It might be too slow right now but I expect ETH to do more better. There will be a new upcoming upgrade with ETH and it can be a good reason for an ERC20 token to stay with ETH blockchain. Well, its their choice after all maybe those 4 ERC20 tokens needs more exposure in the market and put their coin where the hype is high is good strategy.

This is also my view on where these 4 erc20 tokens do tend out to switch just for them to be dragged on the current Hype of Binance Chain and might really give some traction or demand with their tokens
but i dont think it would be a worthy shot.

This time around, the first step is to define what is the competitor? Binance Chain does not presently have smart contracts, it becomes meaningless to treat it as a competitor

Well said but as said above and been trying to fight for is about that Binance chain 1 second block time and 1 second confirmation.