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Author Topic: Can Binance beat Ethereum  (Read 3010 times)
preikaler
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June 01, 2020, 01:24:51 AM
 #301

ethereum is an old coin and has long been in position 2 after bitcoin and ethereum already have a very large trust in all investors, so it is very unlikely binance defeated ethereum

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June 01, 2020, 01:58:59 AM
 #302

I don't think so, Ethereum has been around for a long time in comparison with BNB.
And secondly a lot of altcoin is dependent to Ethereum,
and like BTC its been around and well appreciated and accepted crypto.
I wouldn't consider BNB hitting as much as Ethereum.
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June 01, 2020, 02:53:46 AM
 #303

ethereum is an old coin and has long been in position 2 after bitcoin and ethereum already have a very large trust in all investors, so it is very unlikely binance defeated ethereum
I don't usually like to compare these two coins because each coin has its own strengths and serves different purposes, so if you can make a profit from those two coins, that's good for you. I prefer BNB because this coin in recent years has been very high and stable, so certainly in the near future BNB can completely reach $100.

Of course Ethereum is also a good project but in recent years the price of Ethereum has not changed much and is continuously decreasing making me feel impatient with this coin.
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June 01, 2020, 04:44:46 AM
 #304

Ethereum is a well-known smart and very useful project and many companie used Ethereum project, while Binance coin used for  only the binance exchange project, so i think it is impossible for Binance to defeat Ethereum, even if sometime Binance will creation smart contract project but I'm conclusive persons will belief to exploit job from Ethereum to a certain extent than Binance, as a result in my judgment it's exceptionally trying for Binance to defeat Ethereum.

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June 01, 2020, 06:59:49 AM
 #305

I don't think so, Ethereum has been around for a long time in comparison with BNB.
And secondly a lot of altcoin is dependent to Ethereum,
and like BTC its been around and well appreciated and accepted crypto.
I wouldn't consider BNB hitting as much as Ethereum.

At present, investors are indeed seeing the potential of popular coins, and ethereum and binance are one of them. but, you're right, that people are talking about ethereum right now. the potential of ethereum looks bigger than BNB at the moment. I am pretty sure that BNB cannot replace ethereum at this time. however, currently, BNB's functions are not as extensive as ethereum.


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June 01, 2020, 07:42:03 AM
 #306

maybe yes maybe not, because the volume of coin transactions is determined by market demand, if investors start switching to invest in BNB it is clear that BNB will be superior to ETH, but for now ETH is still far superior because many platforms have collaborated with ETH.
And finally, what is your opinion? Make it clear. Personally, I believe that BNB will never be able to surpass ETH in this market, the price of BNB will never go through ETH because both are so far away.
but the question wasn't about BNB vs ETH exactly.
Its about Binance and Ethereum as two big crypto companies who leads current alt market.
I do agree with you on bnb and eth price race, eth is an obvious favorite.
However Binance as a company has a chance to overcome Ethereum
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June 01, 2020, 08:02:25 AM
 #307

Technology-wise (low fee and all) there's a good chance that Binance can beat ETH but price-wise I highly doubt that BNB will be able to cross ETH price 'coz price of BTC and ETH usually always move together.

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June 01, 2020, 08:23:56 AM
 #308

Of course it is possible for BNB to defeat ETH if the transaction volume of BNB is greater than ETH, but it is not an easy thing because ETH is now not only used as an investment but has been used as a transaction tool in various matters in the cryptocurrency world environment.

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June 02, 2020, 08:58:52 PM
 #309

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.

So many projects out there have proclaimed themselves to be the true "Ethereum Killer". But at the end of day, they're unable to take down Ethereum's place on market. I think that Binance's "BNB" cryptocurrency will be no different. The company has announced the implementation of smart contracts into Binance Chain, but the Blockchain network is still far behind Ethereum in every way. It lacks mainstream adoption and an ample ecosystem of dApps & tokens. Not to mention, most developers are working on Ethereum nowadays. It'll be hard to "tackle" the leader of the smart contracts space after so many years of success.

The tried-and-tested smart contract platform (Ethereum) will always be #1 no matter what. Other alternatives like Tron and EOS may have better scalability than ETH, but they lack mainstream adoption. The Binance Chain promises faster and cheaper transactions than Ethereum, but it also lacks mainstream adoption. Besides that, BNB is much more centralized than Ethereum itself. Basically, any cryptocurrency which relies on DPoS or BFT consensus algorithms, are subject to centralization. Considering that Binance Chain is heavily centralized, it's unlikely it'll be able to "beat" Ethereum in the future. Comparing decentralization vs centralization is like comparing apples vs oranges. Both Binance Chain and Ethereum are completely different from one other. My guess is that they'll serve unique purposes in the mainstream world. Businesses and companies will find BNB attractive for their needs, while ETH will bring the attention of everyday people. It's not about which cryptocurrency is able to replace the other, but rather how useful Blockchain technology is worldwide. As long as BNB and ETH are useful, there should be nothing to worry about. Just my thoughts Grin

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June 02, 2020, 09:06:15 PM
 #310

We should be afraid what Binance is doing they now controls the crypto market. When you read news or checking price - it is owned by Binance. When you buy your first crypto - it is owned by Binance. When you are going to use your cryptocurrencies for lending, staking or trading - it is owned by Binance.  Roll Eyes

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June 02, 2020, 09:14:13 PM
 #311

Ethereum is a well-known smart and very useful project and many companie used Ethereum project, while Binance coin used for  only the binance exchange project, so i think it is impossible for Binance to defeat Ethereum, even if sometime Binance will creation smart contract project but I'm conclusive persons will belief to exploit job from Ethereum to a certain extent than Binance, as a result in my judgment it's exceptionally trying for Binance to defeat Ethereum.


I agree with you,  we don't know in future whether binance chain will be able to support much of Dapps but currently, i think the utility of BNB Coin resides only in the Binance ecosystem whereas ethereum has wide range of utilities across many ecosystems. I dont see BNB overtaking ethereum under a normal circumstances as even the ethereum foundation neved ceased to roll out update and futures that will strengthen the eth network

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June 11, 2020, 07:21:55 PM
 #312

We should be afraid what Binance is doing they now controls the crypto market. When you read news or checking price - it is owned by Binance. When you buy your first crypto - it is owned by Binance. When you are going to use your cryptocurrencies for lending, staking or trading - it is owned by Binance.  Roll Eyes

Exactly. Right now, Binance is the world's largest cryptocurrency exchange. It has a great amount of capital to build a robust blockchain network that could rival even the biggest cryptocurrencies on market cap today (especially Ethereum and Cardano). Binance Chain may be simply starting to blossom, but it could become bigger in the future if people adopt it worldwide. Most recently, Binance has integrated smart contract functionality into its own blockchain network. With greater scalability than Ethereum, it can take the world by storm.

Despite many other cryptocurrencies out there with better tech and features than Ethereum, none have been able to beat it. For once, EOS was proclaimed to be the "Ethereum Killer" within the crypto/Blockchain space. It's been quite some time after launch (nearly 2 years), and EOS is still behind ETH in terms of mainstream adoption and market cap. The same could happen with BNB in the long term. I believe that Binance's "BNB" cryptocurrency will only serve as a complement to Ethereum than a replacement. After all, ETH has a large number of developers working on it. There's an established user base of prominent developers, individuals, businesses and companies alike. That's not the case with Binance's "BNB" cryptocurrency since it's relatively new to the space. But who knows? In the uncertain world of crypto, strange and bizarre things can happen. It's best to keep an eye on both cryptocurrencies' progress, in order to determine which one will reign supreme in the Blockchain space. Just my opinion Smiley

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June 12, 2020, 05:23:18 PM
 #313

Ethereum and bnb both are very trusted. They both have very high volume, great community and many developer. At this moment ethereum is the biggest and most used platform based token. In other hand bnb is not just exchange coin anymore., now binance has its own chain, a supported dex and also best ieo launch platform. Both of them are good. But if I have to pick one I will go for bnb. Cause I think it will give great profit in upcoming days.

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June 12, 2020, 06:05:52 PM
 #314

Ethereum and bnb both are very trusted. They both have very high volume, great community and many developer. At this moment ethereum is the biggest and most used platform based token. In other hand bnb is not just exchange coin anymore., now binance has its own chain, a supported dex and also best ieo launch platform. Both of them are good. But if I have to pick one I will go for bnb. Cause I think it will give great profit in upcoming days.
I agree with you about bnb but ethereum has a wide used already and it can send directly to our wallet and use it as payment directly or exchange into our fiat money easily while Binance coins can be use only in binance platform and just be able to trade in other exchange. The important is the usage of a coin. I don't think bnb will beat ethereum someday.

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June 12, 2020, 06:14:09 PM
 #315

ethereum is a big altcoin and Binance is also not much different from ethereum. these two giant altcoins have great potential for future investment. they have their own platform, have a strong team, and a large community. but I don't think Binance can defeat Ethereum anytime soon.


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June 13, 2020, 11:30:10 AM
 #316

Ethereum and bnb both are very trusted. They both have very high volume, great community and many developer. At this moment ethereum is the biggest and most used platform based token. In other hand bnb is not just exchange coin anymore., now binance has its own chain, a supported dex and also best ieo launch platform. Both of them are good. But if I have to pick one I will go for bnb. Cause I think it will give great profit in upcoming days.
This year I prefer to invest in BNB because this coin gives me more investment benefits and if you are an investor who likes to make a profit then BNB is the right choice. In addition, you can also join IEO at this exchange because the IEO projects at Binance all force users to use BNB and this caused BNB's price to increase very rapidly last year. I think this year the price of BNB will probably reach new ATH soon and this is the investment you should consider instead of investing Ethereum.

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Byakuga
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June 13, 2020, 12:12:35 PM
 #317

Binance team are the most hardworking team I've ever seen in crypto space, they managed to deliver what many projects can't do, now we have binance chain which is a smart contract network like ethereum but I doubt developers will have interest more in binance chain over ethereum, that's the most important part

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bayudndy
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June 13, 2020, 12:20:05 PM
 #318

Ethereum and bnb both are very trusted. They both have very high volume, great community and many developer. At this moment ethereum is the biggest and most used platform based token. In other hand bnb is not just exchange coin anymore., now binance has its own chain, a supported dex and also best ieo launch platform. Both of them are good. But if I have to pick one I will go for bnb. Cause I think it will give great profit in upcoming days.
This year I prefer to invest in BNB because this coin gives me more investment benefits and if you are an investor who likes to make a profit then BNB is the right choice. In addition, you can also join IEO at this exchange because the IEO projects at Binance all force users to use BNB and this caused BNB's price to increase very rapidly last year. I think this year the price of BNB will probably reach new ATH soon and this is the investment you should consider instead of investing Ethereum.
Totally agree with you. The price of BNB increased when this exchange launched IEO. Since that time, the price of BNB has increased to $ 39 in just a few months. In the future, if they continue to launch new IEOs, I believe the price will continue to rise and may break ATH.
Btc_1856
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June 13, 2020, 12:36:11 PM
 #319

Binance team are the most hardworking team I've ever seen in crypto space, they managed to deliver what many projects can't do, now we have binance chain which is a smart contract network like ethereum but I doubt developers will have interest more in binance chain over ethereum, that's the most important part

You are right, still, Binance is under development phase, but there are some companies moved their blockchain platform to Binance platform already. I hope Ehtereum Smart contract platform is more matured compared to Binance chain because Binance company, should more focus on further developments to the Binance chain platform.

DonFacundo
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June 13, 2020, 12:40:22 PM
 #320

There is possible happen that binance can beat ethereum if binance keeps improvement. Well we don't know what will happen in the future but for sure both were good investment.

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