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Author Topic: Can Binance beat Ethereum  (Read 3013 times)
cryptogeek101
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June 23, 2020, 04:07:49 AM
 #361

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 Smiley

I think the whole thing boils down to adoption and benefit,if the number of people using these different cryptocurrency increases it will increase their adoption rates,both Ethereum and BNB have their own benefits. Ethereum has been in the market for a reason and likewise BNB

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June 24, 2020, 02:48:16 PM
 #362

Now, it already did. I feel like BNB is working way harder than the other projects out there. BNB just keep on raising it's stakes and even ETH can't follow. So, right now BNB is the top coin which i believe it deserves. I feel like someday it's the coin that will replace BTC.

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June 24, 2020, 03:01:12 PM
 #363

Binance team are working harder than other projects team, there is probability that binance can beat ethereum but I'm not too certain because developers aren't really into binance chain, they just find Ethereum blockchain more easier or something

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June 24, 2020, 05:42:41 PM
 #364

I need to say, I loved the write up as this was direct and extremely intriguing to read. You gained a merit from me personally. With out ethereum, Binance won't possess even been born considering that it's due to ethereum developing a crowdfunding clever contract that Binance seemed to be able to raise finance to build the change dominating the industry nowadays. Ethereum will always possess more utility purpose compared with how Binance coin so that will it shouldn't be disrespected with this sort of evaluation.

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June 24, 2020, 08:16:29 PM
 #365

Binance team are working harder than other projects team, there is probability that binance can beat ethereum but I'm not too certain because developers aren't really into binance chain, they just find Ethereum blockchain more easier or something
BNB is the first time the same as NEO is expected to be able to at least cover ethereum. but in its journey BNB cannot also move and prove itself to be the best let alone to replace ethereum. BNB has tried its best to prove that it looks good, it is already an achievement in itself. no need to expect to replace ethereum, because it still requires hard work and it will be difficult to realize.

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June 24, 2020, 08:19:29 PM
 #366

I don't think if Binanace BNB can beat Ethereum ETH because it is almost impossible.
I know BNB is really good coin, but to beat ETH is need more than good coin and good exchange.
That mean good blockchain like ETH have ERC-20 and almost all new token used that blockchain and making Ethereum is bigger.

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June 24, 2020, 10:25:19 PM
 #367

I don't think if Binanace BNB can beat Ethereum ETH because it is almost impossible.
I know BNB is really good coin, but to beat ETH is need more than good coin and good exchange.
That mean good blockchain like ETH have ERC-20 and almost all new token used that blockchain and making Ethereum is bigger.
l do agree with your words, to beat ETH is needed more than a good coin and also good exchange. BNB is also a good coin, but l don't think that there can be any altcoins, which can beat ETH. ETH is the second cryptocurrency. ETH is increasing and no doubt it will keep increasing, ETH 2.0 brings good effect to ETH and we will see better ETH than right now.

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June 25, 2020, 04:34:12 AM
 #368

I don't think if Binanace BNB can beat Ethereum ETH because it is almost impossible.
I know BNB is really good coin, but to beat ETH is need more than good coin and good exchange.
That mean good blockchain like ETH have ERC-20 and almost all new token used that blockchain and making Ethereum is bigger.
It's not impossible but the chance is very small. Ethereum has more possibilities to get more adoptions as some companies have already used it too. It's not about the coin but it's about the chance for binance platform to surpass ethereum platform aka ether smartcontract



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June 25, 2020, 04:41:01 AM
 #369

I don't think if Binanace BNB can beat Ethereum ETH because it is almost impossible.
I know BNB is really good coin, but to beat ETH is need more than good coin and good exchange.
That mean good blockchain like ETH have ERC-20 and almost all new token used that blockchain and making Ethereum is bigger.
trust in the quality of ethereum is very far now. although BNB is considered a coin that is able to compete in the altcoin world and has great potential, I also feel that BNB will not be able to exceed ethereum. we don't know what the future will be like, but for now, BNB will not replace ethereum.

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June 25, 2020, 05:36:49 AM
 #370

I don't think if Binanace BNB can beat Ethereum ETH because it is almost impossible.
I know BNB is really good coin, but to beat ETH is need more than good coin and good exchange.
That mean good blockchain like ETH have ERC-20 and almost all new token used that blockchain and making Ethereum is bigger.
trust in the quality of ethereum is very far now. although BNB is considered a coin that is able to compete in the altcoin world and has great potential, I also feel that BNB will not be able to exceed ethereum. we don't know what the future will be like, but for now, BNB will not replace ethereum.
Definitely your correct. ETH is been dominance and also well known in the market since early days, In trading and selling in different platform. BNB it also a great coins, it has good potential especially binance is one of popular and trusted exchange.

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June 25, 2020, 06:08:26 AM
 #371

I don't think if Binanace BNB can beat Ethereum ETH because it is almost impossible.
I know BNB is really good coin, but to beat ETH is need more than good coin and good exchange.
That mean good blockchain like ETH have ERC-20 and almost all new token used that blockchain and making Ethereum is bigger.
trust in the quality of ethereum is very far now. although BNB is considered a coin that is able to compete in the altcoin world and has great potential, I also feel that BNB will not be able to exceed ethereum. we don't know what the future will be like, but for now, BNB will not replace ethereum.
Definitely your correct. ETH is been dominance and also well known in the market since early days, In trading and selling in different platform. BNB it also a great coins, it has good potential especially binance is one of popular and trusted exchange.
We cannot just compare bnb with eth because it has different usecase bnb has a limited uses only in binance exchange platform thats all but eth has really huge usecases that no any altcoins can compare right now especially when it comes to smart contract uses from different dapps like the most popular today defi.

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June 25, 2020, 06:48:25 AM
 #372

I don't think if Binanace BNB can beat Ethereum ETH because it is almost impossible.
I know BNB is really good coin, but to beat ETH is need more than good coin and good exchange.
That mean good blockchain like ETH have ERC-20 and almost all new token used that blockchain and making Ethereum is bigger.
trust in the quality of ethereum is very far now. although BNB is considered a coin that is able to compete in the altcoin world and has great potential, I also feel that BNB will not be able to exceed ethereum. we don't know what the future will be like, but for now, BNB will not replace ethereum.

If you don't trade on the Binance exchange, you don't have to hold BNB. You may not even know about such a coin, although it is also very good in terms of investment. But if you trade on Binance, you just have to buy BNB with your first trade. Because it will not only be a good investment tool for you, but also useful in terms of saving your money when trading.

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June 25, 2020, 07:27:25 PM
 #373

Basically, ETH and BNB are completely different. So it is too difficult to compare these 2 altcoins and BNB can not compete with the 2nd position of ETH. BNB will grow in the future and ETH will be like that, the gap between BNB and ETH is currently very far and after ETH has finished updating 2.0, I think it will continue to widen this gap

Exactly. Comparing both BNB and ETH is like comparing apples vs oranges. First of all, BNB is centralized while ETH is not. And second, the latter enjoys of massive adoption all over the world. ETH has first-mover advantage on the market just like it's the case with Bitcoin today. Even alternative smart contract platforms like EOS and TRON with greater scalability and lower costs than Ethereum, have been unable to beat it. I think the same will happen with BNB as ETH is too big to fail. Binance's native blockchain token could be used as an alternative to the main Ethereum blockchain instead of a replacement. The more "competition" there is in the crypto/Blockchain space, the better it'll be for already-established cryptocurrencies like Bitcoin and Ethereum in the long run. This is largely because they'll become more mature in terms of development and innovation.

In the end, Binance Chain will turn out to be just another smart contract platform in the blockchain industry. Businesses and companies looking to use a Blockchain network that's scalable for the masses will choose BNB over ETH. On the other hand, people looking for true decentralization and censorship resistance will choose ETH over BNB. In this world filled with diversity, there's practically a Blockchain for everyone. Just my thoughts Grin

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July 11, 2020, 04:56:14 AM
 #374

For me both of them are very trusted. But it's hard to choose one. At this.moment ether is the most popular and most used platform based token. It's one of the most decentralised platform available. In other hand binance was just a exchange based token. But now they have a platform ,they have a dex based on that platform, and Plus they have many usecase of BNB in binance exchange and binance pad. But binance is centralized.
But technically binance chain is better than eth till now. And in terms of coins I think BNB will grow more than eth in term of roi.

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July 11, 2020, 11:28:04 PM
 #375

Bnb beating Eth for me is a dream am not sure will come true anytime soon, ETH has grown beyond Bnb, alot of people trust this project just like Bitcoin, in coinmarketcap Eth is in second position, apart they have a larger community compare to Bnb, I give it all to Eth.

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July 12, 2020, 04:03:20 AM
 #376

Bnb beating Eth for me is a dream am not sure will come true anytime soon, ETH has grown beyond Bnb, alot of people trust this project just like Bitcoin, in coinmarketcap Eth is in second position, apart they have a larger community compare to Bnb, I give it all to Eth.
Nothing is impossible in this market, if Binance continues to grow and deliver great IEOs, I believe BNB's price will continue to go up in the future. And BNB can beat ETH at any time
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July 12, 2020, 12:14:38 PM
 #377

Bnb beating Eth for me is a dream am not sure will come true anytime soon, ETH has grown beyond Bnb, alot of people trust this project just like Bitcoin, in coinmarketcap Eth is in second position, apart they have a larger community compare to Bnb, I give it all to Eth.
Nothing is impossible in this market, if Binance continues to grow and deliver great IEOs, I believe BNB's price will continue to go up in the future. And BNB can beat ETH at any time
of course Binance Coin still has the potential to defeat ethereum because when a cryptocurrency has a very limited supply and has a high demand because many people use it it will have a good impact on the price movements whose prices will potentially rise.

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July 12, 2020, 01:06:07 PM
 #378

It sounds laughable at first. But in the world of cryptocurrency, anything can happen. BNB remains as an exchange token, with very little usage outside the Binance exchange. But given the enormous resources Binance have at their disposal, they can expand the scope of BNB if they want. On the other hand, the ETH developers are facing a lot of challenges right now, partly due to the shortage of funds.
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July 16, 2020, 01:41:33 AM
 #379

For me both of them are very trusted. But it's hard to choose one. At this.moment ether is the most popular and most used platform based token. It's one of the most decentralised platform available. In other hand binance was just a exchange based token. But now they have a platform ,they have a dex based on that platform, and Plus they have many usecase of BNB in binance exchange and binance pad. But binance is centralized.
But technically binance chain is better than eth till now. And in terms of coins I think BNB will grow more than eth in term of roi.

Both coins are good, as they remain in the top spots in market cap. BNB has the support of a renowned exchange in the crypto industry (Binance), while ETH is backed by many developers in the decentralized world. One cannot replace the other due to their differences in the way they're designed (either centralized or decentralized). With Ethereum taking the lead in mainstream popularity and market capitalization, it's hard to believe that Binance will beat Ethereum someday. It's like comparing apples vs oranges.

Like it or not, both BNB and ETH will serve their unique purposes in life. Businesses and companies will find BNB useful, while everyday people will find ETH to be a better option for decentralized finance. The latter will always be the winner, because of its first-mover advantage on the crypto/Blockchain industry. With an ample ecosystem of dApps and tokens behind it, no other competitor will be able to stand against ETH on the market. It explains why many people still trust ETH over any other cryptocurrency (besides Bitcoin). Despite ETH being decentralized, it has a slow transaction throughput and high fees. In this sense, BNB is the true winner with its scalability features. It's one of the fastest cryptocurrencies in the world today with very low fees. If you're smart, you'd leverage the benefits from both Blockchain networks in order to obtain peace of mind. With Blockchain interoperability, we can forget about focusing on a single coin's success over the other. It'll be a matter of usability than anything else. As long as BNB or ETH are useful, nothing else matters. Just my opinion Smiley

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July 16, 2020, 02:23:57 AM
 #380

Bnb beating Eth for me is a dream am not sure will come true anytime soon, ETH has grown beyond Bnb, alot of people trust this project just like Bitcoin, in coinmarketcap Eth is in second position, apart they have a larger community compare to Bnb, I give it all to Eth.
Nothing is impossible in this market, if Binance continues to grow and deliver great IEOs, I believe BNB's price will continue to go up in the future. And BNB can beat ETH at any time
Binance has already beaten by link and why we talk about the possibility for binance to beat ethereum while it has already surpassed by a coin that used binance platform too. That sounds weird for me to hear that dude.

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