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

[el kaka22]

This is basically fight of the pros and cons of both coins actually.

Ethereum itself may "look" slower but the reality is ethereum can hold on so much stuff and can do so much stuff and also still have so much volume that it is totally understandable why it is slower than binance chain.

Moreover, binance has its own exchange as well. So right now it depends on what they are fighting about, if its the spot at marketcap than binance coin will not be as good as ethereum for a long long time but if they are fighting for which chain is better for next ICO/IEO than binance could win that since they decide who will be published and they can pick the best ones and leave the worst ones to ethereum since there is no central organism to control which ones go to ethereum blocks.   

[1715385756]

1715385756

[Jating]

Probably cons will be Binance chain is centralize as far as I know and this is a big no-no for those projects who wanted more anonymity or their project is centered around decentralization.

However, Binance has its advantage as well, being one of the fastest per block right now. So there is pros/cons so ICO should really weight it out before deploying their project in any mainnet.

[wuvdoll]

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.

I think the IEO is just way to early to call the winner here, I know ethereum is the leader right now and even today they are getting more funding than any IEO because of the total combined instead of just one but IEO has to really work hard and get much more coins to actually have a shot at the coin offering standard.

Right now it all depends on binance and you can't just put like a new coin offering out every week, at best you can do maybe one a month or twice a month and even that is too much which binance can't hold too long if the volumes are horrible. Whereas ethereum could allow you to go to any exchange you want right away, isn't there ethereum ICO that has been on binance before? There has been son IEO is not the only way and I doubt it will surpass ICO and eth anytime soon.

[bitgolden]

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.

Yes, it is there choice to continue to stay top in the market, otherwise they should give their position up to others rendering same service if they are not ready to adjust or improve. The last upgrade that was done by them, I really expected heaven an heart as regards their services and thinking they would use the opportunity to resolve many of the complaints they have, but there was no effect of the Constantinople upgrade.

What assurance do we then have that another of their upgrade will make any more meaning, Binance has already solve the problem they have failed to resolve and I am begging to see people go on Binance chain.

[GregH37]

I think the IEO is just way to early to call the winner here, I know ethereum is the leader right now and even today they are getting more funding than any IEO because of the total combined instead of just one but IEO has to really work hard and get much more coins to actually have a shot at the coin offering standard.

Right now it all depends on binance and you can't just put like a new coin offering out every week, at best you can do maybe one a month or twice a month and even that is too much which binance can't hold too long if the volumes are horrible. Whereas ethereum could allow you to go to any exchange you want right away, isn't there ethereum ICO that has been on binance before? There has been son IEO is not the only way and I doubt it will surpass ICO and eth anytime soon.

If Binance really wants to go ahead of Ethereum with their newly launched chain, they must be ready to bend some of their rules that is being entertained by ethereum. The concept of IEO is to kick against bad projects that we have and they are strictly following that which will make their IEO get less coins that will register on their chain.

Ethereum on the other hand can entertain scammers and all source of bad guys to use its chain which they don’t care much about whoever it affects, that is the only reason why I believe Binance will not beat ETH hands down, but if they bend their rule, it won’t take them more than 6 month to remove ETH from its position.