Is Binance Chain a treat to Ethereum?

[Cianix]

Yes. The market is not big enough now. More money invested to BNB then less money for ETH.

They have similar supply which is over 100 million only, we can say that BNB is really successful this year so far.
ETH on the other hand is not performing well, after it dump to below $100, it only started to increase a little, but courtesy to bitcoin's pump.
I'm not certain that BNB might overtake ETH's success in the future, by it's likely to happen if ETH will not have a good development to show.

I think the hype you can also pass as an ico , I somehow doubt that bnb replace eth , but to miss such an investment I think it's stupid to keep necessarily need bnb

[rachman mahesa]

This is what happens now. Binance always attracts many people. Of course this development has made the BNB increase tremendously. From the beginning of 2019 until now, of course binance is very much the topic discussed. Of course this is an example of another project. With their respective advantages.

[steveabrahams]

I would never buy a single BNB coin, I do not trust binance and they will never compete with Ethereum.  Ehtereum does billions of trading volume each day and actually does more transactions than the bitcoin network. Its not even close.

Lol why? Just look at the binance coin price right now, it's increasing so high right now because of the recent update about binance. I think binance can make a threat to ethereum, i know the price is far from ethereum price but it keeps increasing, maybe it will become $50 in the end of the year.

[Clark05]

I like binance but I like  ethereum.  The name of binance is popular now because of a lot of project and supporters of this.
But I think ethereum is still more potential and large supporters compared to the binance even the exchanger of it is very popular ethereum is still more better. But there is no reason to choose but better to invest the both of that.

[xenomorphe1]

It looks more like a pump and dump coin for me. It has been overhyped as they have big influence on some big players. And i suppose they have also manipulate the crypto market to try to make BNB in the top 10 coins and reach its ATH and they succeed to do it. On some btc news website, they wrote that BNB goal is to dethrone ETH and be the most used coin. But i don't think that it will work. They want people to migrate from ETH to their Binance Chain to make people pay for the transactions. And they want that the coins be traded with a volume of more than 1 million per day if not on their chain. They only think about more profits.

[wuvdoll]

If this keeps up than it could totally take its place, I mean ethereum has been very silent for the past year, last year they were getting more and more attention with the ICO craze however for the past year they have managed to not make any moves at all that would keep them above and they are even losing attention at dapp corner as well. They have plenty of rivals that will make it hard for ethereum to get more people use their blockchain.

EOS and tron and some others are really coming up with a lot of stuff for dapp side of the world and now Binance is destroying their hope of ICO world with its binance chain and IEO ways of putting new coins into the world and they are getting sold at like 10 seconds as well. That is why I think ethereum is in trouble and needs to do something about it.

[Osaremien]

In the short team I don’t think it’s a threat to ethereum at all but on the long run it probably might be because binance is the only project that try to improve themselves to suit the market conditions as we’ve seen of recent how they brought back confidence into the crypto market and restored hope too to the already dilapidated market

[FanEagle]

It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.

We all know how hard Binance has been trying in their quest to be on top and they have shown a lot of people and the world they can be trusted with their system. It might not be now, but I think with the introduction of their own chain which will be kicking off very soon, I think a lot of project are already preparing to migrate but waiting to see its effectiveness first.

 The only thing that may draw them back a bit is lack of new projects that are quality enough to run on their chain, we can see how strict Binance is, in their dealings, unlike Ethereum smart contract that could accommodate all sorts of projects and does not know if one is scam or not.

[thaliaand]

I don;t think Bnb will replace ethereum in the near future. We don't know what kind of development these platforms will become in the future. So I think both has a chance to become better and it is possibel that bnb can surpass ethereum one day.

[Doging]

It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.

I think the euphoria will pass soon. Binans builds his chain on someone else's blockchain. For them, only the transaction speed and the ability to run tokens are important. This gives no development for the industry. Ethereum is a completely different product. They are just different.

[labuan]

I dont think so, ethereum is very popular coin and many people is believe in the project and team. And Ethereum has good platform for many Altcoin (ERC20) i think is very impossible for binance to beat ethereum. Thats like ethereum will beat BTC, its very imposible

[Awalt541]

Yes, i think binance is very strong rival for ethereum. Because Binance will be easier grow with good exchange platform. So if ethereum will grow, ethereum have to make some project for beaten ethereum. And i think Binance chain will grow and grow in the future.

[GregH37]

The power and popularity of Binance can't be questioned.

But about the chain, obviously it is run by a company (BNB) and that looks like a centralized chain.

I don’t think that running on centralized chain will still stop people from widely accepting this system, have we not see a lot of centralized exchanges and see the massive volumes they are getting, people still embraced them, despite the fact they are centralized exchanges.

Binance has already built a very strong community and also won the heart of many of its users who are willing to trust anything coming from them, they might really get all the necessary support that will assist them top the list on the coin market cap above every other coin other than BTC. Yes, bitcoin there will always be a very wide margin between any coin and BTC no matter the tech they come out with.

[fullhdpixel]

I know the emergence of the chain is going to cause a split in the minds of developers who are making use of the platform, and for the fact that binance are always committed to delivering the best quality is also a plus that their chain will be a very good one, though we would still have a lot of developers making use of the ethereum Blockchain because it's so difficult for some people to move from one project to another when they already have a working project on the existing Blockchain.

[andreizver]

That is really looks possible and I am scared about that. But hope that it will not be true and Ethereum developers will make some big anouncment and changes that will be interested for people.

[fibrolit]

The team of Binance have got great ideas and they are putting those ideas to work.
This is why I am not surprised to see BNB grow that much.
The Binance chain, might not yet be a threat to ethereum, but I see it making a lot of impacts, despite being centralized.
A lot of coins will be seen migrate to it, but it will not be able to accommodate all, which is where ethereum will continue to be relevant.

You forget that BNB is a coin of a single exchange. If the exchange Binance will be hacked,the coin will fall dramatically. ETH does not have such threats.

[Oceat]

Binance is getting a lot of hype this past few months due to their launchpad platform. I wonder when would it stop and going to return to start the price correction itself. But for now, people are too busy to invest and trade on their new token which is really growing too fast. If you compare BNB and ETH, BNB is way too far from what ETH has been reached. But if BNB will be the main ERC20 on other tokens there might be a tendency that they would follow what ETH encountered.

[Kelvinikke]

Binance blockchain is actually not a threat if you ask me because in as much as they are creating a blockchain network which other decentralized exchanges can operate on their blockchain lack the use of smart contract hence not a full decentralized exchange as we all wish to see happen. Don't forget people with major blockchain updates by the Ethereum Network i know Ethereum will still stand tall amidst these threats from Binance. DEXs are the future of exchanges and Binance is surely not giving that so how can they overthrow Ethereum

[jakezyrus]

Best code wins..Binance has showed that it can become top rated exchange in the world in no time. So, when they have necessary skills and right talent, they would come up with a chain to give tough competition to others like Ethereum

Every day or other, new coins are up in magazines and news. Market is flourishing and extending in good directions. But we need to think what we are choosing. When market becomes saturated, your choices are turning points of your way. Whenever you chose a cheap, illegitimate and non-friendly exchange, you would be slaughtered. Scammers are just in position to attack, so do your homework first.

So what are you trying to say here ? Sorry but i dont get you  but lemme guess , your saying that etherium is still the best because eth will remain when the hype of other coins  will get over ?   Am i right  ?  Well your also right  .  if im an investor ill still priotize old coins because they are already established while other new coins can easily dissapear after they sap the people's  money  

[ansarose1]

If binance would continue this good steps upon developing into a new high level coin, no doubt it can surpass ethereum coin. But i dont see any reason that BNB can be a treat to ethereum coin. I think BNB should be decentralized so that no reasons to be hack, or what i am saying if the binance got hacked so theres no bunch of BNB lose.