WHAT IS BINANCE SMART CHAIN? WILL BINANCE BECOME NEW ETHEREUM RIGHTS?

[minatour]

No altcoin can replace eth, though their are many altcoins doing well, in which bnb is one of them, but nevertheless, ethereum is a unique project with unique features.

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[gundala]

Replace? I do not think so.
BSC and ETH are both strong, but the ETH ecosystem is stronger and emerges first so that adoption is wider. Besides BSC is not a competitor of ETH, I have also seen CZ comment on this on Twitter. BSC is compatible with Ethereum, so with more and more ETH-based defi projects joining the BSC, it will provide more and more profitable options for users, reduce transaction density on the ETH network, so that transaction fees can be cheaper.

[makishart]

No altcoin can replace eth, though their are many altcoins doing well, in which bnb is one of them, but nevertheless, ethereum is a unique project with unique features.

BSC is just having a potential to be a new competitor for ethereum, i remember when so many people said binance chain will replace the ethereum platform but in fact it didn't even get a lot of demand for the tokenization purpose.
If BSC will be the same as binance chain which fully controlled by binance and it will have the same result as the old binance chain.
It looks like BSC is much more better rather than old binance chain.
this is a very interesting competition.

[djmixen]

I cannot deny that BSC is one of the potential altcoins in the market of crypto space. But just like what others thinking it can surpass some of the coins perhaps it may take more time before it happens. Because there are also a lot of coins out there that are more potentials compared to BSC, but this is just my assessment only based on my observation happening in this field business industry of cryptocurrency.

[khiholangkang]

BNB holders who are interested in staking BNB can also assist in the development of Binance Smart Chain and earn bonuses. Can Binance replace Ethereum?

If ETH continues with its high gas costs I think binance can replace it, I have used the binance smart chain a lot and the transaction fees are much cheaper and very fast. Binance smart chain has copied everything eth has today.

[NewRanger]

BNB holders who are interested in staking BNB can also assist in the development of Binance Smart Chain and earn bonuses. Can Binance replace Ethereum?

If ETH continues with its high gas costs I think binance can replace it, I have used the binance smart chain a lot and the transaction fees are much cheaper and very fast. Binance smart chain has copied everything eth has today.

BSC be main competitor for ethereum at this moment, moreover they have swap feature not only as smart contract platform. in future if ethereum could not improve their gas fee , slowly traders and developers will leave it. at this moment , BSC user growth massively. in any group they talk about swaping coin in BSC that will get airdrop.

I cannot deny that BSC is one of the potential altcoins in the market of crypto space. But just like what others thinking it can surpass some of the coins perhaps it may take more time before it happens. Because there are also a lot of coins out there that are more potentials compared to BSC, but this is just my assessment only based on my observation happening in this field business industry of cryptocurrency.

bsc will be next uniswap in my opinion , and it will not take long time anymore. its starting get hype and much traders use BSC.

[pamsugas]

Binance founder Changpeng Zhao (CZ) said he would not replace eth instead CZ wanted to help eth because the eth fee network density was very large. in my opinion the idea of cz to make bsc is very diamond because coin binance will continue to be adopted by new companies who want to make new projects. it is likely that the bnb will stand parallel to eth.

[Dr.Osh]

BNB holders who are interested in staking BNB can also assist in the development of Binance Smart Chain and earn bonuses. Can Binance replace Ethereum?

This question has been asked for a long time. however, I do think that Binance is growing at a faster pace than Ethereum for now. however, people still thought that ethereum could not be replaced by any coin even more so when ethereum 2.0 was launched. However, this is still speculation, so when Binance is focused on developing BNB and making their own smart chain, then I think BNB could be the newest competitor to ethereum which has huge potential.

[crzy]

BNB holders who are interested in staking BNB can also assist in the development of Binance Smart Chain and earn bonuses. Can Binance replace Ethereum?

BNB is very competitive and they keep on growing so this can be a big threat for ETH if they didn't do anything about this one, aside from the anticipated ETH 2.0 update, they should develop new things to address the problem on the fees. I see BNB as a great coin and this is not just an ordinary exchange now, I'm a hodler of BNB and I'm hoping for a big pump in the market because of this update with BNB, though I don't see this coin to replace ETH on top but at least made a big threat to ETH.

[laredo7mm]

BNB holders who are interested in staking BNB can also assist in the development of Binance Smart Chain and earn bonuses. Can Binance replace Ethereum?

Looks at ETH market cap. It's 10 times massive than BNB. But Binance smart chain has the potential to overcome ETH and it is one of the top competitors of the ETH network. But we should keep in mind that the ETH network is also upgrading and ETH 2.0 is on the line with many developments. ETH network has higher fees compare to BNB but this problem will also be solved after ETH 2.0 launched.

[Chuky92]

BNB holders who are interested in staking BNB can also assist in the development of Binance Smart Chain and earn bonuses. Can Binance replace Ethereum?

Every now and then we keep hearing about things like this, about a certian blockchain beating Ethereum, or a certain platform coming up with better services to replace Ethereum and so on, and yet at the long run Ethereum will still keep standing and not only that but continues to grow. Therefore having seen many case scenarios like this, I can still say it again that no blockchain currently can replace that of Ethereum and the earlier most people understand that, the better for them.
On the other hand, it is worthy to point out that the Binance team are trying everything possible to ensure that their platform continues to grow as well as beating others. Also, I think it's too early to start judging how successful the Binance Smart Chain will be, let's give it time and see what happens but taking into account how experienced the Binance team are, there is every tendency the Smart Chain will be a success.

[Mealea]

I don't see bnb replacing Ethereum, Ethereum has been around for a long time and so much has happened on Ethereum blockchain, even if any coin will replace Ethereum, it might take a long time to achieve that. Ethereum has come a long way.

[CryptoTrip]

Binance smart chain is a good team move at this moment, and its gaining popularity becouse ether fees are too expensive, while BSC cheap. I just have one question, will BSC be needed when the ether 2.0 comes out with cheap commissions?

[grabpopcorn536]

The Binance Smart Chain is just a copy of nothing more. I think the real developers hate that. They need more creativity than such blatant copying.
Although the bonus fund for developers on Binance is quite a lot, projects still choose Ethereum as the place to place the code and develop on it more than Binance.
Low cost is just one of the bright spots where Binance is better than Ethereum. When Ethereum 2.0 came into being, the cost on this blockchain was no longer a big deal.

[onetrinity]

Binance Chain used Cosmos which seems to be better than ETH as it is Application Specific Blockchain meaning you can make the functions more efficient than how ETH are doing things via Solidity. It is faster as well not just cheaper because it can handle more transactions per second while at the same time it can communicate to other chains meaning it can talk to BTC, BCH, ETH smart contracts etc. ETH is more popular definitely though.

[emrecemsan]

Bnb can never be the new ethereum. Binance is a coin depending on the exchange market. It is not as decentralized as Ethereum. There are many factors that will affect its price and confidence index. Having smart chain does not mean that it may be new ethereum.

[Novatech8]

BNB holders who are interested in staking BNB can also assist in the development of Binance Smart Chain and earn bonuses. Can Binance replace Ethereum?

binance is one from many ethereum competitors, and this altcoin is the best one
but, i never think if binance will replace ethereum, because ethereum marketcap almost 10x from binance marketcap mate

It's possible for binance chain to be as big as Ethereum is today in near future but taking over Ethereum won't be that easy, honestly this year so far binance chain and bnb is one of the best project that bring the highest ROI for holders, the team are very capable of anything, three figures is possible for this project