Can Binance beat Ethereum

[Abiky]

Binance will not be able to compete with ethereum because, at this time, ethereum has many users and is supported by many developers.

Coin Binance is not supported by developers yet, and only a few use the Binance chain.

That's certainly true, mate. Despite Binance's success in the crypto/Blockchain industry, its own blockchain network is years behind Ethereum. The world's second-largest cryptocurrency by market cap has a lot of backing from both developers and individuals alike. It'll take lots of effort for BNB to compete with the likes of Ethereum in the mainstream world. It's like saying that Litecoin or even Dogecoin will be able to beat Bitcoin in the long run. Cryptocurrencies with first-mover advantage on the market (like Bitcoin and Ethereum) have greater recognition and mainstream adoption than those behind it.

With Binance Chain's integration of smart contracts, the BNB cryptocurrency will greatly resemble Ethereum in every way. The main difference is the way they're organized, either decentralized or centralized. Ethereum (which is decentralized) will still be in the headlines, while BNB (centralized) will be considered as an alternative smart contract platform just like EOS, TRON, and Cardano are known in the crypto/Blockchain space today. An advantage of BNB over ETH is regulatory compliance, which might lead companies and businesses to launch securities on it rather than Ethereum itself. But we cannot deny that ETH will have the best tokens and dApps on its platform, as developers value decentralization/censorship-resistance more than anything else.

Nonetheless, BNB won't be going anywhere for a very long time if Binance continues to support it. Prices per BNB will always be high as it's a utility token. It may never gain the level of mainstream adoption as Ethereum in the long run, but it'll still be actively used by Binance customers. BNB could complement ETH in every way, because of its unmatched performance for the deployment and execution of smart contracts on the Blockchain. The same way, ETH could complement BNB when people are looking for a truly censorship-resistant way to interact with dApps. At least, we can choose from one coin to another based on our needs. In the event Binance ceases its operations, BNB will fade into oblivion leaving a clear path for Ethereum along the way. As long as Blockchain projects work together to make crypto land a better place, nothing should go wrong. Just my opinion

[doctor877]

I think before we pick up ethereum we should pick up some other coins above it. It might be possible for it to overcome ethereum but that will be when ethereum slips below it.

[distr@yopmail.com]

I think before we pick up ethereum we should pick up some other coins above it. It might be possible for it to overcome ethereum but that will be when ethereum slips below it.

I don't think ethereum will slip too deep. after all, when a decline occurs in ethereum you will see several other altcoins will experience the same thing. some altcoins that have good trading volume also in the current conditions are still dependent on the state of bitcoin.

[imutlinda]

I think before we pick up ethereum we should pick up some other coins above it. It might be possible for it to overcome ethereum but that will be when ethereum slips below it.

I don't think ethereum will slip too deep. after all, when a decline occurs in ethereum you will see several other altcoins will experience the same thing. some altcoins that have good trading volume also in the current conditions are still dependent on the state of bitcoin.

eth has a large community so I also think that eth will continue to hold on to its position. besides binance is a coin exchange, and for me it would be better eth in the development of crypto because their technology and binance focus on exchange problems so far they have always been talked about a lot.

[coinsycrip09]

From the data of coinmarketcap, we know that ethereum have the 2nd most market cap.
I think it will be hard for bnb to surpass eth market cap because eth total supply will keep increasing (have no fixed supply).
Ethereum blockchain is used by many platforms, so the price will be stable at the top.

that's right, i agree with what you say that it will be difficult for BNB to outperform eth market capitalization.

binance is strong enough but not strong enough to defeat ethereum, indeed there is still a possibility to continue to surpass ethereum because we don't know what changes will occur in the future. but for now, bnb won't be able to beat ethereum.

[sandos]

From the data of coinmarketcap, we know that ethereum have the 2nd most market cap.
I think it will be hard for bnb to surpass eth market cap because eth total supply will keep increasing (have no fixed supply).
Ethereum blockchain is used by many platforms, so the price will be stable at the top.

that's right, i agree with what you say that it will be difficult for BNB to outperform eth market capitalization.

binance is strong enough but not strong enough to defeat ethereum, indeed there is still a possibility to continue to surpass ethereum because we don't know what changes will occur in the future. but for now, bnb won't be able to beat ethereum.

Everything can happen because this crypto market never stands still and any coin can surpass another coin. Currently ETH is in 2nd place but recently this coin has not much improvement in price so I believe that one day BNB may exceed ETH. Of course this is only a prediction in the far future and will depend a lot on their development.

[big kid]

if we're talking about long-long term it can happen if ethereum will lay back and stand still while binance is moving and developing.
Otherwise it is very unlikely and I assume binance and ethereum in the essence pursue a little bit different goals

[Dr.Osh]

I think before we pick up ethereum we should pick up some other coins above it. It might be possible for it to overcome ethereum but that will be when ethereum slips below it.

coins above ethereum are the only bitcoin, that's what I understand so far. besides, I feel that ethereum will leave binance when the price exceeds $ 300. so far, ethereum is still $ 200, but in the near future, I'm sure a positive trend will come towards ethereum and prove that ethereum is the number 2 best crypto

[TastyChillySauce00]

if we're talking about long-long term it can happen if ethereum will lay back and stand still while binance is moving and developing.
Otherwise it is very unlikely and I assume binance and ethereum in the essence pursue a little bit different goals

The nature of crypto is always developing though, there's always new update or upgrade rolling out to fix things here and there as well as adding new features. Except something happens to ETH like what happened to Litecoin which causes their development to stagnate ETH will keep striving and Binance will have a hard time overtaking ETH place.

[iconoclast]

Ethereum is decentralised, Binance is centralised. People build useful things on the Ethereum blockchain. The only one building on the Binance Blockchain is Binance. Anytime you see anyone creating tokens on the Binance chain it is because it was a requirement for getting listed on the Binance Exchange.

[Psynthax]

From the data of coinmarketcap, we know that ethereum have the 2nd most market cap.
I think it will be hard for bnb to surpass eth market cap because eth total supply will keep increasing (have no fixed supply).
Ethereum blockchain is used by many platforms, so the price will be stable at the top.

the smartcontract is not as hyped like in the old days but it does attract some project meanwhile bnb is just a coin made for exchange and nothing more, even if you ask people which coin has greater potential it would be eth though im not really fancy them.

[Script3d]

From the data of coinmarketcap, we know that ethereum have the 2nd most market cap.
I think it will be hard for bnb to surpass eth market cap because eth total supply will keep increasing (have no fixed supply).
Ethereum blockchain is used by many platforms, so the price will be stable at the top.

It's not difficult for BNB to catch up, while ethereum doesn't have a fixed supply there are alot of people who hoard BNB so they can get exchange benefits, decreasing the circulating supply which makes the price go higher fast. Even though ethereum is used alot so does BNB, there are alot of uses of BNB and even smart contract is coming to BNB.

[SolarWindMiningCompany]

Ethereum is decentralised, Binance is centralised. People build useful things on the Ethereum blockchain. The only one building on the Binance Blockchain is Binance. Anytime you see anyone creating tokens on the Binance chain it is because it was a requirement for getting listed on the Binance Exchange.

Binance chain may just be overrated but that is just a microscopic part of Binance. Binance is now the biggest exchange in crypto and it keeps evolving into a financial masterpiece. Now, most particpants can buy and withdraw their local currency to their bank accounts courtesy of Binance. If crypto on a larger scale eventually gets regulated, Binance will win since its best positioned to get support from government authorities.

[Vishnu.Reang]

The future of BNB will depend on the future of cryptocurrency in general. If I am not wrong, Binance is the largest cryptocurrency exchange right now. They already have the monopoly. So the only thing that matters now is the health of the market. If the cryptocurrency market grows considerably in the future, then the Binance exchange will benefit out of it, and along with that BNB will emerge as one of the top cryptocurrencies.

[bobyhodob]

Ethereum is decentralised, Binance is centralised. People build useful things on the Ethereum blockchain. The only one building on the Binance Blockchain is Binance. Anytime you see anyone creating tokens on the Binance chain it is because it was a requirement for getting listed on the Binance Exchange.

Binance chain may just be overrated but that is just a microscopic part of Binance. Binance is now the biggest exchange in crypto and it keeps evolving into a financial masterpiece. Now, most particpants can buy and withdraw their local currency to their bank accounts courtesy of Binance. If crypto on a larger scale eventually gets regulated, Binance will win since its best positioned to get support from government authorities.

well, I totally agree with what you said because the Binance exchange place has a very good potential to be expensive, we can all see how the development of the binance exchange site has started many good features and can make many people interested in binance, when binance has development which is good and uses tokens as its development and makes BNB supply less, the price can be more expensive than ethereum.

[Smitty Werben Man Jensen]

Binance is an exchange platform, and Ethereum is a smart contract platform, if I have to choose I will choose Ethereum, Binance will definitely have problems with their system, hacker attacks or even members who lose money there, competition between exchanges will also occur, but for Ethereum, I'm sure the project will be fine

[Alohadanc3]

If binance is only a exchange coin like before I have never think for a second and pick ethereum in any second. But at this moment binance is bigger than just an exchange coin. Now binance has a chain , and a supported dex. Many big project shifted to binanc chain. And binance is also running a burning in bnb. So I think day by day bnb and binance platform is growing heavily. Ethereum is also a big platform and at this moment most used and popular platform based token. And maybe bnb can not cross eth ever. But still I think we can expect more form bnb than eth.

[Abiky]

eth has a large community so I also think that eth will continue to hold on to its position. besides binance is a coin exchange, and for me it would be better eth in the development of crypto because their technology and binance focus on exchange problems so far they have always been talked about a lot.

Agree. There's no way Binance Chain will be able to beat Ethereum in the long term, since the latter has an already-established user base. Many people still trust ETH above any other coin (besides Bitcoin) because of its active development, innovation, and most of all, mainstream adoption. For BNB to be compared to Ethereum, it needs a lot of hard work and effort both in terms of development and marketing/promotion. The Binance exchange has enough capital to make this happen. But the success of its own blockchain network will greatly depend on how well it is adopted by people worldwide.

So far, no other cryptocurrency is able to "topple" Ethereum as the leader of smart contracts and digital tokens. It's like "the Bitcoin of altcoins". BNB can simply live alongside ETH as an alternative blockchain network that can help fill the gaps of other chains. If ETH becomes clogged, people could simply resort to BNB with greater performance and lower fees for smart contracts. I believe that mainstream businesses and companies will choose ETH above BNB simply because the former is decentralized while the latter is not. Over time, ETH will be able to scale to millions of transactions per second, becoming somewhat comparable to BNB in terms of performance. As with everything, there will be some people that will choose BNB, while others will choose ETH as their crypto of choice.

As long as cryptocurrency projects work together to make the Blockchain industry a better place (instead of competing against each other), nothing should go wrong. Let's hope for a fruitful journey for both of these prominent cryptocurrencies (BNB and ETH) on the market. Just my thoughts

[Alohadanc3]

If you asked the same question few years back. I would say ethereum is better. Cause at that time bnb is just the exchange token of binance, nothing else. But by time to time bnb added many things. Now it's not just a native exchange token. Now binance has its own chain, its own dex too. Many project are building on binance chain. The mind behind binance and bnb is futuristic. But ethereum is still the biggest platform and one of the most popular and used token. But bnb has big potential for upcoming future.

[Natalim]

If you asked the same question few years back. I would say ethereum is better.

Same here, I saw how big the improvement of ETH is that time but when ICO was not getting money from investors anymore, ETH is slowly losing its popularity and struggle to rise until now. While BNB are proving a lot to us, it's a company or a project that are not only good with hype but they are so good with giving results and that is the reason why people trusted them a lot.

so if ETH has reach over $1000, I don't have any doubt that BNB could possibly do the same... it's just a matter of time I believe.