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Author Topic: Binance Smart chain is not really good  (Read 556 times)
TopT3ns
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September 19, 2020, 04:34:40 PM
 #41


They did, recently a Bill Drummond project was copied but it was on the Binance Chain, which disappoints him.
https://twitter.com/burn_the_state/status/1305529873025265675
Binance is trying to grow its ecosystem since launch, there have been a lot of projects moving to BSC but that's not so impressive since there aren't many real development projects but it's just a way to hold seats and create hype with everyone.
it is only network usage in use. won't be much different from ethereum. there are many considerations why use and choose the blockchain network to use for the platform. but seeing that currently, some projects have migrated to the binance network only to be listed on binance DEX. I have also seen several projects that have finally returned to the ethereum network again after previously migrating to the Binance Chain.

As I said, they focus on making money rather than creating a product that developers can easily work with.
Developers need a platform that is easy to use and widely used by many people. For example, Ethereum is well known and easy to use and has been developed by many applications that support Ethereum wallets. The cost of developers creating a DAPP on Ethereum is cheap, but right now the platform's transaction costs are too high and could be a major hurdle in getting their DAPP to everyone.

because the Binance exchange already has a good name and has a good reputation so they will not create any new projects anymore and they only focus on creating a place between buyers, investors and whales to buy and sell on the Binance exchange platform does not close anyone from working together to IEO as long as the project is really useful.
Kupid002
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September 19, 2020, 04:56:14 PM
 #42

it is only network usage in use. won't be much different from ethereum. there are many considerations why use and choose the blockchain network to use for the platform. but seeing that currently, some projects have migrated to the binance network only to be listed on binance DEX. I have also seen several projects that have finally returned to the ethereum network again after previously migrating to the Binance Chain.
Well, Ethereum seems to make it easier for developers to work with than the Binance chain, so they choose to switch back to Etherum.
People find it easier to use Ethereum as it has more wallet applications to accommodate. New Binance chain for everyone and the community. They are only interested in BNB in ​​CZ's CEX, no one is interested in developing something on the Binance chain.

binance only creating that for business they think they can have many dev to support that chain  and have the same adoption as ETH platform.

Many developer prefered to use  ethereum chain because of easy function of it in and in terms of demand wth platform still the highest demand for creating token even the fees is too high for everyone .

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September 19, 2020, 06:01:20 PM
 #43

On one hand one can argue that Binance chain isn't decentralized but yet it is trying its best to offer good services, and that's why most people don't really bother about it. In my own opinion, the only decentralized smart contract is that of Ethereum.
Also on the other hand, Binance has made a name for itself and with each passing day, they keep improving on their services to ensure they remain on top, so this shows that, even centralized they are doing better than those that claimed to be decentralized; thus in somewhat essence good products and services matters.

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UniversityCoin
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September 19, 2020, 10:32:43 PM
 #44

It will be changed somehow but for the answer basically we must wait till the end, To be honest Centralized it's not really good but still needed i suppose on some factor. I can't really much comment much about this and basically really want to see some opinion for other people about this.

There are two main opinions here. Those who are in favor of centralization for the sake of making money. They agree to any centralized blockchain as long as they can make money on it.
Another group of people who perceive cryptocurrencies primarily as a way to gain financial freedom. That's why they don't like everything centralized.
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