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Author Topic: Bnb is cheaper faster then eth and btc  (Read 694 times)
aTriz
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December 15, 2020, 06:30:21 AM
 #41

BNB is cheaper and faster then eth.

How come?  Yet this coin are so Low
faster ? What do you mean fast in transactions or fast nature of trading volume on an exchange? please explain because it doesn't seem worth it if BNB is paired with Ethereum
I think OP is talking about Within the Binance Exchange. if you use BNB as trading fee, you'll be able to trade for a lot cheaper than Eth or BTC Fee. and by faster he probably mean Transactions But in Binance chain. if you use ERC20 BNB it is not faster at all. it is same as ETh. but in Binance Chain (their own blockchain, they launched recently) BNB coin seems very fast.


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December 15, 2020, 06:36:38 AM
 #42

I think OP is talking about Within the Binance Exchange. if you use BNB as trading fee, you'll be able to trade for a lot cheaper than Eth or BTC Fee. and by faster he probably mean Transactions But in Binance chain. if you use ERC20 BNB it is not faster at all. it is same as ETh. but in Binance Chain (their own blockchain, they launched recently) BNB coin seems very fast.

BNB is very useful for the traders, as Binance provides a 25% discount on the trading fee if you make the payment with BNB. Especially for day-traders, 25% can make a lot of difference. And any token within the ERC-20 platform will attract high gas fee and result in delays, but that is not the case when you use BNB within the Binance chain. But you should be cautious while using the Binance chain, as it is relatively new.
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December 15, 2020, 06:56:32 AM
 #43

It is very interesting to compare BNB with ETH and BTC, if you want to compare transaction fees I totally agree BNB is indeed cheaper.
But for the price of ETH and Bitcoin it is not expensive and affordable to buy, because we don't have to buy 1 ETH or 1 BTC. We can buy
0.001 BTC or 0.001 ETH. Then regarding the BNB transaction speed is indeed faster, because not as many as using the BNB network are
using the ETH and BTC networks. If we pay a transaction fee more expensive than usual, the transaction speed of ETH and BTC should
also be fast.

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December 15, 2020, 07:13:59 AM
 #44

It is true BNB has faster blockchain ecosystem than eth and bitcoin because they were the most adopted crypto currency right now and with that it's more congested than even before. BNB on the other hand is simply in the radar in the market and have great features to it fast transactions with less fees and can be used on discounted fees on binance exchange.

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December 15, 2020, 08:12:42 AM
 #45

BNB is a coin that is very good and very potential, I never doubted that coin, a coin with a volume of 360 million dollars of course this coin is not a low coin, BNB is a coin of the future that will be able to compete with coins that are more popular.

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December 15, 2020, 09:02:56 AM
 #46

Even if bnb is cheaper than eth and btc, people still invest in bnb because they believe that bnb can increase.
It doesn't matter if the price is cheaper because that will be their opportunity to buy on that coin while it is not yet increasing.
But people still prefer to invest in ethereum as they know that the ethereum price will make another ATH.
If we compare between bnb, ethereum, and btc, as long as you use the fees needed to make a transaction and the network is not busy, you will see the transaction will get confirm not too long.

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December 15, 2020, 09:22:30 AM
 #47

It is true BNB has faster blockchain ecosystem than eth and bitcoin because they were the most adopted crypto currency right now and with that it's more congested than even before. BNB on the other hand is simply in the radar in the market and have great features to it fast transactions with less fees and can be used on discounted fees on binance exchange.

Faster does not mean anything if there are not enough people using it or if the chain is easily hacked by 51% attacks.

Bitcoin is slow but at least there is people using it to capacity which forced them to make scalability upgrades,,, the same with Ethereum:)

Easy to make fast, not easy to make secure.

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December 15, 2020, 09:45:53 AM
 #48

At present bnb price is increasing less than btc and eth. But bnb is many times more than any centralized exchange coin. At the rate at which bnb coin has started burning, it seems that the price of bnb will go to a good place More new usecases are being created with bnb coin. It is heard that the coins that will be used to play casino will have to be converted to bnb. So price will increase soon.
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December 15, 2020, 10:07:25 AM
 #49

As you say, there are a lot of cryptos cheaper and faster than eth and btc,why they you don't mention, i believe we all can list piles of them that match these two conditions. I suppose you must have your reason that why is BNB, could you sharing it ,please.
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December 15, 2020, 10:13:27 AM
 #50

It is true BNB has faster blockchain ecosystem than eth and bitcoin because they were the most adopted crypto currency right now and with that it's more congested than even before. BNB on the other hand is simply in the radar in the market and have great features to it fast transactions with less fees and can be used on discounted fees on binance exchange.
But the fact that this coin essentially owned by BNB is such a huge turn off. Though as long as Binance still strive by being the best exchange out there the nature of being owned by Binance could be beneficial in the long run however I always prefer the decentralized ones.

Binance is fast and all but there are also fast coins that's rather decentralized, even the coins below top 5 are usually fast enough for a transaction.

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December 15, 2020, 12:05:26 PM
 #51

BNB is a coin that is very good and very potential, I never doubted that coin, a coin with a volume of 360 million dollars of course this coin is not a low coin, BNB is a coin of the future that will be able to compete with coins that are more popular.

We see real support for this coin by the Binance exchange, which does not allow BNB to go to a deep correction. it is possible that this is what does not give the coin a chance to grow to its ATH. Regular quarterly burning of the coin, conducted by the exchange, should eventually have an impact on its price in terms of growth.

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December 15, 2020, 12:15:27 PM
 #52

BNB is one of the greatest cryptocurrency to hodl at this moment in time. Binance has shown great work in just few years and its just the begining for it. Compare to eth, it can be considered new. Adoption is coming and I expect it to reach much higher in next year or so.

Bininance is still not doing mass adoption, only Ethereum, Ripple and Bitcoin are currently seeing mass adoption,
but there will be potential for BNB to reach a new ATH again because it is true that Binance is better than Ethereum in terms of transactions.

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December 15, 2020, 12:31:05 PM
 #53

BNB is cheaper and faster then eth.

How come?  Yet this coin are so Low
faster ? What do you mean fast in transactions or fast nature of trading volume on an exchange? please explain because it doesn't seem worth it if BNB is paired with Ethereum
The faster will refer to the transaction per second which mean if binance can process more transactions compared with ethereum and bitcoin. He was also mentioning it that binance should be an undervalued coin consider it has a better scalability than bitcoin or ethereum.
You should try to read again the post that already made by him above dude.

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December 15, 2020, 12:37:16 PM
 #54

It’s not that the faster the transaction speed, the higher the price, the slower the Bitcoin transaction speed, and the high price. In cryptocurrencies, consensus is the most important thing. It has a relationship with the price. Although Binance Exchange is a very good one. Platform, but BNB is still a long way from Ethereum in practical use, and it still needs development.

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December 15, 2020, 12:57:01 PM
 #55

BNB is a coin that is very good and very potential, I never doubted that coin, a coin with a volume of 360 million dollars of course this coin is not a low coin, BNB is a coin of the future that will be able to compete with coins that are more popular.
Yes, but you should also know that the popularity of the BNB token is due to the Binance exchange having so many users that they also like the BNB token, I don't blame what you say, because it is very clear that the BNB token is a token that has potential, but we also shouldn't forget the BTC and ETH which are already popular in crypto and have potential at all times.
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December 15, 2020, 02:29:23 PM
 #56

BNB has gained a lot of popularity lately. The coin from local use on one exchange, of which there are a lot around, has turned into a serious player. Not only does it bring significant benefits and advantages to holders on Binance, it, unlike eth and btc, but also has a much higher speed and lower transaction cost.
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December 16, 2020, 03:45:18 PM
 #57

The idea of "centralized" currency in BNB is what keeps it from being second rank coin, not that it may never become one, it could become one, but that centralized situation makes it not ranked higher so far. Obviously it is not centralized in blockchain itself exactly, but binance does whatever it wants with it, which makes it look like it is centralized, and even though it has HUGE usecase and it is definitely more profitable than almost anything else, it also creates a situation where people are not sure if they want to invest into something with so much usecase that could go high constantly this way, or will it crash one day because of it. Hence why it is ranked high, but not highest. Being cheaper and faster doesn't make any sense when you put centralization in topic.
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December 16, 2020, 03:53:56 PM
 #58

BNB is cheaper and faster then eth.

How come?  Yet this coin are so Low

What do you mean by low ? Did you ever check the graph of BNB before posting it you will see the difference in the price the day binance started to launch their own currency  and today and compare it if it's really low.
The only problem of BNB is users adoption if developer see the potential of binance they will have that demand they want in the future.

maybe he compared the percentage of Bnb prices and current eth prices. but I think the Bnb is a good coin and also has great potential for the future. There have been many real use cases like Daps blokchain, top platform, large community and not much different from ethereum. I personally like these two giant altcoins.

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December 17, 2020, 01:47:28 AM
 #59

It’s not that the faster the transaction speed, the higher the price, the slower the Bitcoin transaction speed, and the high price. In cryptocurrencies, consensus is the most important thing. It has a relationship with the price. Although Binance Exchange is a very good one. Platform, but BNB is still a long way from Ethereum in practical use, and it still needs development.
I agree with you, even though BNB is good and has the famous exchange platform Binance, but that can't prove if BNB is worthy and better than ETH, ETH is better because of the network it has, many new projects prefer running on the ETH network, this is an advantage which other coins don't have.
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December 17, 2020, 08:30:38 AM
 #60

It’s not that the faster the transaction speed, the higher the price, the slower the Bitcoin transaction speed, and the high price. In cryptocurrencies, consensus is the most important thing. It has a relationship with the price. Although Binance Exchange is a very good one. Platform, but BNB is still a long way from Ethereum in practical use, and it still needs development.
I agree with you, even though BNB is good and has the famous exchange platform Binance, but that can't prove if BNB is worthy and better than ETH, ETH is better because of the network it has, many new projects prefer running on the ETH network, this is an advantage which other coins don't have.
I think @Op's question was about which one is better and faster within Binance exchange. he was not talking about general. and IRL and other out of exchange use of Binance and Ethereum. if we talk about out of exchange then Ethereum is the winner.
but in Binance exchange BNB is better in term of fee and speed.

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