Can Binance beat Ethereum

[DDante]

Binance and Ethereum head to head doesn't match, because they aren't built for the same use case, they are built for different purposes, for what ethereum is built for no project can win over, binance is an exchange with good team and CEO, they will surely keep fighting to always be the best exchange

[tycsols]

No way. Although i like the way binance has grown and developed into a supreme platform with dozens of featurrs and services and more coming but i think ethereum has its own class and its aim are much higher and due to eth network world will move towards mass adoption.

[Abiky]

It will never happen, Binance will thrive in the future. But it will not be strong enough to defeat ETH, the largest altcoin in this market. Binance's price may rise to $ 100 in the future, but then ETH may have gone up to $ 1000 or higher.

Saying that Binance will beat Ethereum is like saying that XRP will beat Bitcoin. It's impossible for this to happen, since BNB is extremely centralized. People will always find themselves comfortable in using a decentralized cryptocurrency than a centralized one, because of the many benefits it provides. Centralization is only ideal for regulatory compliance, which means that BNB could gather the likes of mainstream businesses and companies alike.

Considering that Binance is the world's largest cryptocurrency exchange, it has all the "tools" needed to make its own blockchain ledger one of the prominent ones in the industry. Companies looking to issue regulatory-compliant securities or tokens, could simply use the Binance Chain for their own benefit. As far as ETH goes, it'll always be much more popular than BNB because of its decentralization and established ecosystem of dApps and tokens alike. The world's second-largest cryptocurrency by market cap will be the blockchain platform of the people, while BNB will be the preferred blockchain platform for the business industry.

In the end, ETH will survive for a very long time as no one controls it. BNB could fail in the future if Binance ceases operations. It may be superior than ETH in terms of scalability. But the fact that it has a single point of failure, could prevent the blockchain platform from lasting many generations. ETH will beat BNB but not the other way around. Let's hope for a fruitful journey of both blockchain platforms as the space matures over time. Just my thoughts

[durilup]

I don't think binance can beat ethereum . There are 2 big difference between them . Imagine if binance announces some hackers stole funds from their centralized exchange . There will be a big dump for binance coin .

[MCDev]

Everything can happen in the cryptocurrency market, but Binance Coin takes a very long time to beat ETH. At the moment ETh is still the second largest cryptocurrency in the cryptocurrency market and there are very few altcoins comparable to it.

[petyang12]

I'd prefer to hodl eth rather than binance. BNB may beat eth but I don't think it will be that easy unless there is a whale behind that make the BNB price increase.

[Mammothcoin]

Well in order for there to be an equal ground for comparison we can only compare their blockchain architectures. Binance seems to be more interested in diversifying the relevance within to space as a whole while ethereum for the most part let's other project develop on their blockchain.

[voteformeg]

i find binance a fine exchange and also own some bnb but to beat ethereum? , not sure about that , for sure BNB can reach another ATH and binance can become bigger , but ethereum is awaiting of the implementation of 2.0 and also a lot of people own some so i give ethereum a better chanche

[Odebowa]

Ethereum is an open-source, blockchain-based distributed computing platform that runs smart contracts. In other words, Ethereum is a blockchain with a built-in programming language that allows people to build applications on top of it. To pay for operations run on the Ethereum network, people use Ethereum’s cryptocurrency, called Ether.
Binance’s is a world-class matching engine, supports up to 1,400,000 orders per second. This ensures that one  can buy Ethereum quickly and in a reliable manner.



The crypto exchange Binance is preparing to enter the smart contracts market by launching a new Ethereum-compatible blockchain. The move is set to increase the utility of Binance’s native token, BNB, which could see its price jump.

Binance to Enable Smart Contracts
Binance announced the introduction of Binance Smart Chain (BSC). It will run in parallel to the exchange’s current Binance Chain and will enable support for smart contracts.

The world’s largest cryptocurrency exchange by trading volume revealed that BSC will employ the interoperability and programmability features of the Ethereum Virtual Machine (EVM).

“BSC chooses to be compatible with the existing Ethereum mainnet. This means most of the dApps, ecosystem components, and toolings will work with BSC and require zero or minimum changes,” reads the whitepaper.

The Binance Chain Development Community is responsible for maintaining the new blockchain. This community will work to entice developers and entrepreneurs to build their decentralized applications and digital assets on top of BSC.

Binance Coin (BNB) will help power BSC, similar to how Ether runs on Ethereum.

BNB which is used as the gas to perform any transaction or run contract on the new protocol. It will also allow holders to earn staking rewards.

Undecided for now

[AmoreJaz]

I don't think binance can beat ethereum . There are 2 big difference between them . Imagine if binance announces some hackers stole funds from their centralized exchange . There will be a big dump for binance coin .

that is actually one of the drawbacks being an exchange coin. once the exchange suffers a very damaging situation like hacking or inside job, which is very possible to happen again in the future, the value of their coin will suffer. though BNB has insurance funds but we don't know what will happen if they will encounter massive hacking again. remember hackers are aggressive and always finding ways how to penetrate even the high secured system. whereas, ethereum is an open source and still doing their upgrades. numerous projects are based on their network and up until now, many developers are still utilising their platform. i guess eth has many advantages over BNB, and would take years if in case they will take over eth. but for now, i dont see it in the horizon that BNB will beat ETH.

[pakhitheboss]

i find binance a fine exchange and also own some bnb but to beat ethereum? , not sure about that , for sure BNB can reach another ATH and binance can become bigger , but ethereum is awaiting of the implementation of 2.0 and also a lot of people own some so i give ethereum a better chanche

I think the way Binance has been promoting its native token BNB and it's exchange the chance of it reaching the top 4 cryptocurrency according to market cap is very high. I highly doubt it will be able to beat Ethereum as people believe in transparency which Binance lack a lot.

[Zemomtum]

It might not be an easy task like that. 80% of the project is built on ETH platform so what is the big deal. Where us the NEO today that was termed Ethreum killer?

[Ifemini]

Etherum is the king of altcoins, and that aside the bnb tokens is still far off the mark to compete with etherum.
Belive come the launch of etherum 2.0, you wouldn't want to dare the etherum blockchain to the best amongst altcoins.

Investment wise, even etherum is very bullish too, do your own research

[NS-Soul]

Binance coin was hit to Coinmarketcap around 25 Jul, 2017. At the time BNB was trading nearly $0.10 with 10 Mln USD market cap, trading at its own Exchange Binance. whereas at the same time Ethereum was trading around $225 per Eth, having more than 21 Bln USDT Marketcap. Later on Ethereum Blockchain was well in business and marke its all time high price $1368 per coin and its market was cap was above 132 bln usd. This time was early 2018 and all market was at its peak. People were expecting about Ethereum will soon overtake Bitcoin and this all was due to Ethereum Blockchain adoption for new ICOs launching with the help of smart contract of Ethereum Blockchain.

But this all was slowdown gradully due to fake ICOs. With all this happening entire market was in downtrend which is still continue. Where this was badly effect whole crypto market but Ethereum was also in correction and this was lead its value to the agin under $200.

Now here is the other story of Binance. In the same time Binance was in serious busniess and its addoption was over the Moon. So, Binance was in race of becoming World No.1 Exchacge by beating Bittrex and it done the job, the other side its Binance coin was making business day by day.

Binance management very smartly engaging its native coine into miltiple purpose and make it one of the best cryptocurrency in Bolckchain Industry.

We all well aware how last year Binace utlise its Exchange and develop their Binace coin market. Here i want to mention some core businesses operating by Binance Team.

• Binance Exchange
• Binance DEX
• Binance Chain
• Binance Fiat services
• Binance Launchpad
• Having giant partners

Binance acquire Trust Wallet, WazirX Indian Market.

Binance coin will make history buy using like these above mentioned features and many more.

I think someday BNB will beat ETH, What you Think

Not at the moment even the binance show many development still ethereum is the best of it and ethereum has many uses and also ethereum will be having a nee version which is ethereum 2.0 so still I will stay on ethereum rather than binance, on ethereum you will trace which account is connected while on binance was not.

[jajorforce]

That remains to be seen, the hype maybe will come but what's important is the long term effect.

In terms of improvement, BNB is more visible since its an exchange it's widely use by traders and it can gain partnership, while ETH is just a platform having their blockchain like bitcoin, so the adoption is more on the system.. ETH 2.0 should be a success for us to see ETH to pump again, its been a long time, isn't it?

My expectation is also same as you after Ethereum 2.0. But still haven't accurate time to launch Ethereum 2.0. Binance first service was exchange and after Dex it was become more popular last year. I don't see any news or service from Binance but Binance maximum supply is left some millions. Overall Binance can't beat Ethereum.

[bittick]

It might not be an easy task like that. 80% of the project is built on ETH platform so what is the big deal. Where us the NEO today that was termed Ethreum killer?

NEO has gone with his protocol. The fact that if the majority of new smartcontracft platforms only sold the gimmick to the buyers. NEO can't even defend its position from the newcomers. NEO has already planned to relaunch its platform

[Abiky]

that is actually one of the drawbacks being an exchange coin. once the exchange suffers a very damaging situation like hacking or inside job, which is very possible to happen again in the future, the value of their coin will suffer. though BNB has insurance funds but we don't know what will happen if they will encounter massive hacking again. remember hackers are aggressive and always finding ways how to penetrate even the high secured system. whereas, ethereum is an open source and still doing their upgrades. numerous projects are based on their network and up until now, many developers are still utilising their platform. i guess eth has many advantages over BNB, and would take years if in case they will take over eth. but for now, i dont see it in the horizon that BNB will beat ETH.

Exactly. BNB has more to lose than Ethereum because it's too tied to Binance. In case the world's most popular crypto exchange fails, you can expect the Binance Chain to fail altogether. That's not the case with Ethereum, thanks to its decentralized and permissioned-less design. I believe that at some point in the future, the BNB chain will be used for security tokens since it's more regulatory compliant than ETH itself. The world's second-largest cryptocurrency by market cap, will be used for other purposes mainly De-Fi and utility tokens. For each person's tastes, will be the Blockchain to use for mainstream digital payments.

In terms of BNB replacing ETH, it's impossible since the latter has years of development and innovation. Many people know more about Ethereum than they do with BNB. Ethereum has a large ecosystem of dApps, and tokens with many developers around the world supporting it. In contrast, BNB is relatively new to the space with very low mainstream adoption. Even if Binance continues to build upon its Binance Chain platform (powering BNB), it'll always be one step behind the original smart contract platform (ETH). People might as well use BNB for trading discounts, while they use ETH for tokens, lending platforms, and blockchain-based gaming. Rather than being a direct competitor to ETH, Binance's BNB token could simply help fill the gaps of ETH, if it becomes extremely clogged in the future. Just my thoughts

[lillobo]

You can directly purchase Ethereum with credit card on Binance. We offer the best route to buy Ethereum using debit card or credit card. Binance doesn't offer any fiat trading at all. Binance DEX is created on a high powerful blockchain engine Tendermint Core with one-second block times, that provides the speed, which is also the same to centralized exchanges. This means that users can only fund their accounts, and trade, with cryptocurrencies. However, Binance offers a much better selection of cryptocurrency trading than Coinbase.

[iv4n]

It might not be an easy task like that. 80% of the project is built on ETH platform so what is the big deal. Where us the NEO today that was termed Ethreum killer?

NEO has gone with his protocol. The fact that if the majority of new smartcontracft platforms only sold the gimmick to the buyers. NEO can't even defend its position from the newcomers. NEO has already planned to relaunch its platform

First I think that NEO just one of the projects that was announced like ethereum killer! If I remember correctly they said the same for tezos, stellar, tron and some other platforms, like some of them can close to eth!? For now they can only dream about it, and maybe with a lot of work some of them can come close to ethereum, but that is a big question.
Binance is doing a good job in last two years, it's a fact. They entered strong and they are active everywhere! But it's the same thing for bnb, they will have to do a lot more to get closer to ethereum.

[Towerbreeze]

Binance don't need to go head to head with ethereum, binance is an exchange and of course trying to expand it's features, but unless if you don't know what ethereum is all about, many new projects have even try to introduce their smart contracts but ethereum just works better, remains the people's favourite