Is this the Ethereum killer?

[bbc.reporter]

I am not telling everyone that the transaction volume alone will make Binance Smart Chain the Ethereum killer, however, matching Ethereum’s transaction volume while maintaining low fees might cause developers to rethink on their Ethereum dapp roadmaps and continue development on Binance.



Binance Smart Chain (BSC) is starting to match Ethereum (ETH) on some key network numbers—but it’s all dependent on one single application, according to DappRadar’s report published today.

“In January BSC reached new heights in terms of transaction volumes and unique active wallets. If the trend continues in February, BSC might become the number one blockchain in terms of transaction volume,” the researchers summarized.

In January, the total transaction volume on BSC amounted to $15 billion. This is up considerably compared to previous months.

Read in full https://decrypt.co/57420/binance-smart-chain-is-starting-to-rival-ethereum-heres-why

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[rollingdice]

EOS transaction volume capacity beats ETH. NEO, XTZ and ADA were all thought to be ETH killers. Which of them has really succeeded?

[amishmanish]

Binance is a giant in the Alt-coins arena, and a centralized one at that.

It has a lot of money to pour into promoting its own chain. Ethereum on the other hand has much more organic presence in the developer community. Most of the prospective use-cases for blockchain look for decentralization. So, developers adept at smart-contracts on Ethereum will continue to be valuable. This means that they will continue to build and run on it. I doubt that BSC can change this. They have the money behind them while ETH has the community. Why should it play out any differently than BTC vs BCash?

[Cryptoangel01]

I understand the point of the thread and the fact that Binance is matching Ethereum in key areas. But, I like to point out clearly that CZ never called BSC ETH killer anytime. He never agreed to that phrase, instead sees BSC as a collaborative effort with Ethereum in a lot of ways. But yeah, BSC has grown significantly this run.

[muratsink]

Although etherem gas high many trasaction using eth as fee payment and not any impact with lower fee giving by bsc because still many coins become platform with ethereum, maybe when popular with bnb I think there are have any chance for any coin or new coin created with BNB platform, lower fees become most reason by investor why move from eth to bnb.

[slaman29]

Binance Smart Chain? I really don't think so. Developers are tough enough to attract to other smart contract chains like EOS or even Tron, why would they go to another Chinese inspired Binance related smart chain? Even if they go, why would users trust to use it? Short term speculators maybe.

[Balladtony77]

EOS transaction volume capacity beats ETH. NEO, XTZ and ADA were all thought to be ETH killers. Which of them has really succeeded?

You got that right, it's like saying many new projects with faster transaction speed and cheaper transaction fee will beat bitcoin just because bitcoin transaction speed and fee is still slower than they are, I am not saying it's impossible to beat Ethereum but all these better and faster speed ain't enough still

[cryptomaniac_xxx]

Many so called tokens call themselves as ETH killers but what happen? still no one beat it, so this is just one of the passing question and we will still see ETH on the top 

Yes, but perhaps what separate BSC (Binance Smart Chain) is that it is faster and the fees are lower and then we have one of the most influential person in crypto right now behind the project. So I wouldn't be surprise if upcoming projects are going to used BSC or the current projects are going to shift because of the advantage of BSC right now against Ethereum Mainnet.

[traderethereum]

EOS transaction volume capacity beats ETH. NEO, XTZ and ADA were all thought to be ETH killers. Which of them has really succeeded?

We will see it later, and no matter who can succeed, we need to use the benefit of that, so we can also profit from them.
Many coins want to compete with ethereum, but they need to try hard and lift their position to beat ethereum as ethereum now still have more chances to grow later.
If ethereum can not reduce the fees, which is the main problem so far, I think it is hard for ethereum to move to a high price because the investors will think twice to use ethereum as their investment to pay a high fee to send the ethereum.
But we will see if the other coins can really compete with ethereum, and we will see who will pass ethereum and take the ethereum position in the market.

[Kitaiev]

I don't think that the BNB will become the killer of Ethereum but it is already clear that the BNB will take some part of the projects to itself.
That is why the price of bnb has grown so much and will continue to grow.

[masterrex]

IMHO, I think if these fee problems persist in Ethereum Network I believe it will create a serious problem for Ethereum because it is not sustainable only the miners are gaining momentum in this set up for me It's a disgrace on the Ethereum part thats why Vitalik Buterin is already moving to solve this problem, and according to his latest tweet about the "EIP 2929" proposal

" EIP 2929 and state size management are important work paving the way for making high gas limits (and so lower fees) more safe and sustainable.

I hope it will succeed,

[nykka]

Binance chain looks really good alternative to the Ethereum, but ecosystem is still small and weak comparing to the Ethereum. There are many different projects and protocols on the Ethereum blockchain which have appeared since its launch. BSC provides a lot of DeFi projects, but it`s not the only solution, which cryptocurrency suggest to the world.

I think Binance Smart Chain needs a lot of improvements and long development to get to the point, where Ethereum is here

[Squezzi55]

It's starting to get really annoying about how people keeps making posts about an Ethereum killer like honestly why do you even want Ethereum to be replaced anyways? After like over 15 smart contract projects failed to top out Ethereum you still think Ethereum is not the king of altcoins yet? Ethereum will keep taking the lead no matter what, there is something called strong community and Ethereum have that, way more than any other projects except bitcoin

[hatshepsut93]

It's Bitcoin scalability all over again. Even a beginner programmer can create a more scalable cryptocurrency, just raise the blocksize limit, duh. But developers understand that the price of it will be decentralization, so they are sticking with Ethereum and hoping for a solution that doesn't have such tradeoffs.  Binance smartchain is very centralized, so it's not a true competitor of Ethereum.

[bits4books]

In 2015, everyone said (and even now there are especially ‘smart’ people) that ETH is the "BTC killer". And did Bitcoin die? No.
Now it's 2021 and you write that BSC is the "ETH killer". If you are seriously confident in this, then I advise you to rush to sell all your ETH and buy BSC.
And then create another thread that history has not taught you anything.
BSC marketing company works as usual

[MishaSER]

EOS transaction volume capacity beats ETH. NEO, XTZ and ADA were all thought to be ETH killers. Which of them has really succeeded?

I used EOS, in my opinion this system is very inconvenient and it is not clear how transfers work, I remember I wanted to withdraw my coins and could not be more than 3 months. RAM CPU is not clear how to combine.

[Bitum]

BSC currently has the advantage over Ethereum blockchain that transaction costs are much lower, as soon as ethereum completely realizes L2, this disadvantage is also eliminated.

[PixxelDesign]

I don't think it's the ETH killer, but a competitive alternative for sure. Lots of potential in it, and with the money of Binance, they can hire the best developers to make that potential into reality.

[cfif]

Etherium is very strong coin and many time before 2020 many guys talked about BTC killers but nobody yet not kill Bitcoin and he is still greater coin. I think the ETH should to show a many new ideas and solve his difficulties.

[hulla]

Binance CZ is known for being smart and knowledgeable when it comes to innovation within the cryptocurrency sphere but we must not ignore the fact that Ethereum was the project that introduced dApp and smart to the system which makes Ethereum be the Bitcoin of altcoin make while a project like Binance Smart Chain is just like BCH, BSV etc trying to dethrone BTC.
Having said that Binance chain to dethrone Ethereum is just a prediction but I don't see it happen cause Binance is centralized while ETH focuses on decentralized introduced by Satoshi.