cuongtroll113 (OP)
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October 18, 2020, 03:20:15 PM |
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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?
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coinporch
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Dolphins Finance TRUSTED FINANCE
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October 18, 2020, 03:27:31 PM |
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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   |
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Tipstar
Sr. Member
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Activity: 1764
Merit: 280
Smart World Global Token
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October 18, 2020, 03:37:37 PM |
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It's good to see binance is trying hard to make BNB a success. It had an impressive growth in the last few months. It was really sad that I couldn't get hold to a significant amount of BNB.
They seem to be targeting to achieve something like Ethereum and Tron and they have the capital and expertise to make it a success. Though being a project from a private company, I don't think they'll come even close to what feat Ethereum has already achieved and what they would in the future.
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cuongtroll113 (OP)
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October 18, 2020, 04:24:38 PM |
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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 The blockchain of the billion smart chain will be EVM compatible. Meaning it will support all of Ethereum's existing tools but is expected to be faster and transaction fees cheaper. |
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X-ray
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October 18, 2020, 04:33:06 PM |
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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?
It's too early to determine the BSC can replace or even become a new competitor for ethereum. What about the old binance chain? it looks like it didn't give a lot of impact too. We have seen so many restriction in the old binance chain especially to make a project to issue its own asset on the binance chain. I think it's too early to call that will become a competitior for ethereum. I don't think about that. |
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Kavelj22
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🔃EN>>AR Translator🔃
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October 18, 2020, 04:43:11 PM |
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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 Hey Bro.. The comparaison is not accurate and binance would never be in competition withy ethereum. Binance itself is built in top of ethereum virtual machine, it's an ethereum Dapp. You should understand the difference between ethereum/binance chain protocols and eth/bnb prices. If you know how many Dapps are built within EVM, you would self-realise that what op is supposing is far to be real. Without to consider that binance chain is still an under-age technology compared to the giant ethereum and we still don't know a lot about it. |
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scolary23
Sr. Member
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Activity: 854
Merit: 257
Proof-of-Stake Blockchain Network
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October 18, 2020, 04:49:21 PM |
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It's good to see binance is trying hard to make BNB a success. It had an impressive growth in the last few months. It was really sad that I couldn't get hold to a significant amount of BNB.
They seem to be targeting to achieve something like Ethereum and Tron and they have the capital and expertise to make it a success. Though being a project from a private company, I don't think they'll come even close to what feat Ethereum has already achieved and what they would in the future.
It sounds cool that Binance wants to become a leader in the crypto market. And while Binance is trying to catch up and become a serious competitor for the same capitalization, Ethereum, in turn, also does not standstill. What is the so-called The Road to a Faster Ethereum - Ethereum's scalability. Successful testnet launches indicate a new milestone towards Ethereum 2.0. |
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MadeMen
Copper Member
Jr. Member
Offline
Activity: 389
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October 18, 2020, 04:50:24 PM |
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I must confess that binance is indeed making great progress in the cryptocurrency space. I learnt about the binance smart chain and it feels like binance is building capacity to become a worthy competitor for ethereum. Ethereum needs to buckle down and get serious with the project, if not it would be relegated. The loop holes in the ethereum blockchain needs to be corrected and the ethereum 2.0 project should be set in place, it's been unduly delayed.
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poshat
Newbie
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Activity: 210
Merit: 0
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October 18, 2020, 05:03:58 PM |
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I like Binance, but I don's believe, that crypto stock exchanges can become decentralized
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ragavancoin
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October 18, 2020, 05:21:10 PM |
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I think binance chain is one of the competitor to ethereum still now but it can not over take ethereum chain and I hope ethereum will be become more strong once ethereum 2.0. launch.
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alicea
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October 18, 2020, 06:13:19 PM |
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In my opinion, binance smart chain is going to one tough competition for Ethereum but, Ethereum has a lot of following/supporters so I don't think binance will be able to take over ethereum anytime soon.
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Valzador
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October 18, 2020, 06:20:04 PM |
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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?
The answer is, of course, Binance can replace Ethereum, but Binance must have advantages that differentiate it from Ethereum, if Binance only has a few advantages, I think it is impossible to beat Ethereum. For now, we will see how the Binance smart chain develops. |
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Crasengover
Full Member
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Activity: 336
Merit: 103
Proof-of-Stake Blockchain Network
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October 18, 2020, 06:39:43 PM |
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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?
I don't think that Binance aims to replace Ethereum, it can be a good competitor but I don't think that it's possible to replace Ethereum network now. Binance chain is still too young and though it makes a lot of efforts to take away some part of Ethereum users it still can't deal with high load. As an example the API of BSC wasn't able to cope with a high number of visits on DegoFinance today. But anyway it's good that we have some alternative blockchains like BSC. |
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VolkoB
Member
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Merit: 11
Be happy =)
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October 19, 2020, 09:32:24 AM |
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Binance is a centralized exchange, and all their products will not be able to reach the popularity comparable to that of ethereum. My subjective opinion
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Wingo
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October 19, 2020, 05:57:43 PM |
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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 Marketcap is clearly not the point here, but the technology. And binance also knows the problems in the ethereum blockchain since they are built on top of ethereum to start with. Ethereum's blockchain is experiencing many issues in terms of scalability and speed which will become a bigger problem in the future. Binance smart chain on the other hand has a wider scalability, faster speed, and a future proof technology compared to ethereum. Binance does not aim to replace ethereum though, they wanted to offer a better platform and product, an alternative, they even made it compatible with the ethereum blockchain. |
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btcltcdigger
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October 19, 2020, 06:28:10 PM |
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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?
Hell no! One DeFi project DEGO with it's 40k supporters migrated from Ethereum to BSC and it litteraly tore a new asshole in BSC. Everything was laggy, RPC API was shutting down, things were going crazy. And that's just 1 project with 40k users. So no, i don't think BSC is anywhere near replacing ETH |
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olabiyijummy02
Member
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Activity: 239
Merit: 17
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October 19, 2020, 06:38:45 PM |
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Binance Smart Chain (BSC) is an EVM-viable organization , forked from "go-ethereum". It underpins savvy contracts and depends on another agreement instrument: Proof-of-Staked Authority (PoSA) agreement ("Parlia") , which fuses components from both Proof of Stake and Proof of Authority. The Binance Chain people group dispatched BSC as expected for the DeFi (decentralized money) transformation, as the public shows expanded enthusiasm for elective monetary arrangements fueled by blockchain
In basic terms, it is a blockchain that runs in corresponding with Binance Chain. BNB is utilized for designated marking on the authority validator, prompting marking awards for clients and validators. BSC is live on mainnet, fit to be tried and directed by a portion of the top ventures in the crypto business, is relied upon to significantly build the utility of both Binance Chain and BNB.
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kingzpro
Member
Offline
Activity: 756
Merit: 13
DIFX - Digital Finacial Exchange
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October 19, 2020, 07:42:08 PM |
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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?
Why do we have to compare every blockchain network with ethereum, I mean we have heard terms like ethereum killer bla bla many times before but the conclusion is that every project will achieve its market value out of dozens of factors so no project can be compared and every project is different. |
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jacafbiz
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October 19, 2020, 07:57:23 PM |
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Binance chain has its own advantage over Ethereum, for now is faster, cheaper and ready made exchange to list your project but it is too centralized, who are those people validating the nodes, it is just a set of few cabals involved. I believe the Centralization of the chain is what is driving quality team away from the chain, if they decide to be more transparent and more Decentralized it could help proper it to new height but not for now
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Uhde
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October 19, 2020, 08:01:28 PM |
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binance launchpad platform started to dominate the ieo ecosystem. If a project is able to launch their token sale in launchpad it means that project will not have any issues about collecting the cap.
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