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devollito
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December 17, 2020, 08:45:00 AM |
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IMO BnB cheaper and faster because the network is still in low traffic or processing. Eth need more gas because many Dapps Built there especially NFT. NFT makes eth network spike in gas. We can not compare BnB and eth yet
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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tvplus006
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December 17, 2020, 09:37:33 AM |
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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.
We have previously seen how Binance returned 800 BNB to a user who sent coins to the wrong address. Morally speaking, this is the right decision. But from the point of view of blockchain technology - this is a gross violation and confirms the fact that the BNB coin is completely centralized. |
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Debonaire217
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December 17, 2020, 09:58:12 AM |
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The technology behind BNB from Binance is most likely learned from the weakness of Bitcoin and ETH. We all know that Binance is one of the top leading exchanges and they have their own BNB chain, their own blockchain. This means that before the creation of the BNB, they might already plan it very well and their infrastructure such as mining rigs are well built to provide adequate support for transactions. It is quite cheaper than ETH and BTC because of the demand and the volume of BNB. But right now, Binance is doing its best to make BNB bullish by allowing users to stake it to earn new potentially good cryptocurrencies.
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Handsome Boy
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December 17, 2020, 11:24:48 AM |
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BNB is cheaper and faster then eth.
How come? Yet this coin are so Low
what do you mean low? if you mean price then I think you are wrong, because you can see on coinmarketcap if the price of BNB has increased very high and I am sure BNB price will definitely continue to increase, because Binance exchange is the number one exchange for now and of course it will making BNB prices will continue to increase even though slowly. |
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brightemo
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December 17, 2020, 12:53:11 PM |
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To be cheaper is not enough to be a good project. BNB is cheaper because no one is using it
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TofuDefi
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December 17, 2020, 01:54:08 PM |
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To be cheaper is not enough to be a good project. BNB is cheaper because no one is using it
Not only because of that. They use Tendermint consensus for Binance Chain and PoSA for Binance smart chain. This allows them to process transactions in more effective way. But any chain which depends too much on support from one exchange is less trustable than Bitcoin or Ethereum. TRON has a good balance between TPS capacity and decentralization. |
TofuDefi.com - trade and stake Ethereum assets on TRON
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trauchot
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December 17, 2020, 04:41:40 PM |
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BNB is of course a very popular cryptocurrency and I am sure that in the future BNB will compete with Ethereum for the second place in the cryptocurrency world and therefore I invest on an ongoing basis in both Ethereum and BNB, but at the moment I certainly agree that the price of BNB is currently very low.
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FontSeli
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December 19, 2020, 11:43:03 PM |
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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.
We have previously seen how Binance returned 800 BNB to a user who sent coins to the wrong address. Morally speaking, this is the right decision. But from the point of view of blockchain technology - this is a gross violation and confirms the fact that the BNB coin is completely centralized. People usually do not pay attention to such opportunities in centralized coins. That's when it negatively affects their freedom of movement of money, or they suffer because of controversial decisions regarding centralized coins, that's when they will remember your words and many other people who warned about the dangers of centralized coins. |
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TastyChillySauce00
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December 20, 2020, 02:48:45 AM |
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IMO BnB cheaper and faster because the network is still in low traffic or processing. Eth need more gas because many Dapps Built there especially NFT. NFT makes eth network spike in gas. We can not compare BnB and eth yet
Have you seen the comparison of the stability and how much TPS can be processed by BNB compared with bitcoin or ethereum. That's more than enough to say that it's not about the traffic. The scalability that owned by BNB is much greater than bitcoin or ethereum and that makes the tx can be validated by the block in a short time. |
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Mpamaegbu
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December 20, 2020, 04:05:15 AM |
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BNB is cheaper and faster then eth.
This is obvious, no doubt. But I don't think the price is really low if we want to put into consideration how BNB price started in 2017 and now. Got lucky that their exchange is hyped and people are now using it as a cheaper way to trade in their platform.
Oh yeah? Lucky, really? That's not true. It isn't a matter of luck. Do you know how much a hardwork and tech CZ Binance put into his exchange to make it what it's today? For crying out loud, Binance is the top exchange (number one) at the moment. So, don't underrate his hard work and make it a thing of luck. |
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TheGreatPython
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December 22, 2020, 02:01:02 PM |
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I wouldn’t say that BNB is trading low, it is among the top ten cryptocurrencies in the market, with a price per token of $32 today and a market cap of over four billion dollars.
So it’s not a low cryptocurrency, it is topping the list already, but as you already know it, Ethereum and Bitcoin are in the market like the kings; Bitcoin is the first cryptocurrency and is more popular than every other cryptocurrencies, and also being used more than all of them, then Ethereum is the first smart contract coin and is being used by so many developers around the world and companies to launch their crypto projects. So these two beats BNB hands down, but it’s still a good coin.
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Baimovic
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December 22, 2020, 02:35:25 PM |
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BNB is of course a very popular cryptocurrency and I am sure that in the future BNB will compete with Ethereum for the second place in the cryptocurrency world and therefore I invest on an ongoing basis in both Ethereum and BNB, but at the moment I certainly agree that the price of BNB is currently very low.
no, BNB has increased along with the increase in BTC prices. Although not that significant, but the increase in BNB is quite good and this will continue, who knows next year BNB can increase many times! look at today's chart  ~  |
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Renampun
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December 22, 2020, 07:50:26 PM |
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BNB is cheaper and faster then eth.
How come? Yet this coin are so Low
*repeatedly I read this but do not understand what the point of your sentence is...BNB fees are much cheaper than eth but eth will not be able to compete with the popularity and market capitalization of eth. when discussing investor interest, eth is much more interesting and needed. |
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jacafbiz
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December 22, 2020, 07:56:41 PM |
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Yes, Binance chain is faster and cheaper but the issue people have with Binance is that it is not Decentralized, Do you know who the validators are, I think it is only Binance which is not different from all these Centralized systems. People want something they know can't be controlled the central figure, until Binance address these issues people won't trust the chain
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Inspiron14
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December 22, 2020, 11:59:57 PM |
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cheaper and faster? yes, bunance is very cheap and fast compared to ethereum and bitcoin because fees for transactions for these two coins are very expensive, but Binance is very cheap, like TRON, so many people choose Binance as a transaction tool
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tygeade
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December 24, 2020, 06:03:06 PM |
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People think that blockchain tech is the only thing that matters when calculating prices.
Well, Tron is cheaper and faster than BNB, does that means tron should be higher than ethereum as well? Or maybe Nano? Remember that coin back in the day? That is free to use and it is instant, you can send billions of dollars from it without paying 1 cent and it will be instant, should that be higher than bitcoin? Obviously these things matter when they are very close to each other, but they are not that important when it comes to real deal, because people care about a lot more stuff.
Plus ethereum has a lot more reasons to be bought right now, not that BNB has none but ethereum just has a lot more reasons which makes it bought more and that makes it worth more as well.
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FaucetKING
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December 29, 2020, 02:33:53 PM |
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Binance is a giant when it comes to the cryptocurrency business associations and corporations, their coin is just great but i fear it because it has a high price just because the fame that they earned in the last couple of years, i think that their blockchain is solid and well adopted, fyi i never used them but i kept following it for a while, i might recommend it for making transactions these days, good pick for real!
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ije07
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December 29, 2020, 06:37:12 PM |
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cheaper and faster? yes, bunance is very cheap and fast compared to ethereum and bitcoin because fees for transactions for these two coins are very expensive, but Binance is very cheap, like TRON, so many people choose Binance as a transaction tool
not only as a transaction tool, but BNB is also feasible as a future investment asset. BNB and ETH have differences from each other but both are profitable, even ETH and BNB smart contracts are often used by project developers. In terms of speed, there are several other cryptos including TRX & LTC. |
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HerbertMarcel
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January 01, 2021, 06:32:41 PM |
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Although BNB has always been cheaper and faster, it is literally right, but in the coinmarketcap, BTC has always maintained its stable value and continues blockchain trading and transactions. At present, keeping an eye on its graphs will give a very clear idea of all these issues. But I will agree with your opinion because the top 10 coins can always be devalued.
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NextDoor125
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January 13, 2021, 11:01:29 AM |
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Why do you think the BNB is cheaper faster than ETH and BTC? It's not really true or ideal thought at my point of view. If you take a look at the graph and compare with ETH and BTC then you can understand its doing too well from the starting date and they are increasing their cap gradually as well. I think if the stay like ETH and BNB in this market, then I am sure it will be in the same standard like ETH and BTC.
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