Is this the Ethereum killer?

[m_nief]

I don't know why I'm still so confident with ETH, whether my brain has been washed that it is still the best. how to determine that bitcoin can be better than ETH 

I think there is no problem that you still believe in Ethreum because most people also believe in Ethereum,
but indeed when compared to bitcoin ethereum will not be able to shift it,
what is certain is that the two coins need not be doubted

wait a minutes, I'm not talking about the comparison between ethereum and bitcoin, if bitcoin is no longer in doubt, no one can match bitcoin until this time, although ethereum. the issue in this thread is the binance smartchain will be the killer of ethereum. So, the comparison here is between the Binance smartchain and the Ethereum blockchain. So, the comparison here is between the Binance smartchain and the Ethereum blockchain

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[XCANA]

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.

These two chains are absolutely different from each others, the Ethereum chain is decentralized while that of Binance chain is centralized so, how on earth can these two bridge each others?. We all know that the Binance guy has the needed funds for promotion but there's something the Ethereum has that they don't have currently: Ethereum-'it community devs are developing the technology'. These two will continue their own journey separately.

[MUG1WARA]

Previously I heard that XRP will kill Ethereum but proven not and now I hear that BSC will kill Ethereum but I think it will also not be possible because Ethereum is the number 2 coin and has been widely used around the world, even though the gas is currently high but not nothing can stop the development of ethereum

[bbc.reporter]

Many of the replies in this thread hurt my eyes hehe. This is either they only want to post for posting sake without research or they do not care.

@MUG1WARA. ETH holders should hope that Ethereum 2.0 will be released this year before it is too late. BNB is coming for Ethereum’s market share. Lower fees matter for a decentralized smart contract network and developers will go to where people will have the best user experience. High fees is an impairment to this.

[torrantz]

Recently we can see lot of project using Binance smart chain.

Low fee is the main reason i think.

I Don't think BSC will kill ethereum.  But, BSC can be more popular.

Yeah they moving over because of fee but once the sharding implemented which I haven't seen the real progress until now in my opinion, many new projects will then move back to ethereum again.
But I'm pretty sure with the fact that binance keeps on burning coin will be very benefical for holders in the long run, binance just need to keep burning and burning and their value could go up in no time.

[bbc.reporter]

I speculate that if Ethereum, Tron, EOS and other older platforms for smart contracts begin to lose the developers’ trust, the developers might begin to use newer platforms with the marketing dollars and the backing of an exchange like Binance Smart Chain and maybe also Solana.



Effect Network, a decentralized finance (DeFi) platform that connects companies to the global workforce, will be switching its development from the EOS blockchain to the Binance Smart Chain (BSC).

Effect Network CEO Chris Dawe explained the move to BSC is due to his confidence in the long-term vision of the Binance ecosystem.

“Look at what the Binance organization has accomplished in only the last three years. It is a testament of dedication, hard work but above all its laser-focused vision. The amount of products and services our clients and workforce can tap into with the Binance ecosystem are amazing and will help accelerate the growth of the Effect Network like never before,” said Dawe.

Source https://www.coindesk.com/effect-network-abandons-eos-binance-smart-chain

[Dexion]

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

Many people often think that when they see the phenomenon of coins whose graphs are getting better from day to day, they will become coins that can shift their predecessors, while the reality on the ground is not that easy, whether it's BSC, ETH, or BTC, of course they have their own plans. to defend their position, even though there are possibilities

[CryptopreneurBrainboss]

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?

Bsc although has been impressive so far with the rate at which they're developing still doesn't have what it takes to overthrown ethereum in terms of decentralization. They could pump all their funds and make BnB worth more than ETH but that doesn't mean they'll be a better blockchain. Ethereum has some centralized features but it's the closest and most successful smart chain blockchain in the industry so far.

It's a working on itself with the launching of the ETH 2.0 that'll switch from proof of works to staking and hopefully this will contribute to the betterment of the blockchain because currently it's the backbone of the industry. Excluding the whole buzz around bitcoin, ethereum is steadily contributing heavily to the progress of the industry.

Most project are built on it blockchain and other trends like the ICO, Defi and most recent NFT all has Ethereum to thank for making it easier to implement all this idea on the blockchain.

[susuberuang]

BNB has high potential and could become the main competitor of Etherium in the future, where it is very clear how BNB has grown to become the 3rd highest coin in the current MCM, but I never thought that BNB would break the dominance of ETH, because etherem is the best altcoin.  all time, and has been very strong in today's crypto market, even though ETH has high gas costs, eth will always be an option, but ETH management must make improvements so that ETH users are always comfortable in transacting,

[bison]

BNB has high potential and could become the main competitor of Etherium in the future, where it is very clear how BNB has grown to become the 3rd highest coin in the current MCM, but I never thought that BNB would break the dominance of ETH, because etherem is the best altcoin.  all time, and has been very strong in today's crypto market, even though ETH has high gas costs, eth will always be an option, but ETH management must make improvements so that ETH users are always comfortable in transacting,

What is more than BNB's value is that there is a reduction in the supply of coins from coin burns that they do every quarter. Every year you will see how BNB increases its price.
ETH, meanwhile, is about to start developing their better platform. this process will also work in the long term.

[btcltcdigger]

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

It has been proven that 80% of BSC transactions are FAKE. They just present the network as popular to bring people to it.
BSC is centralized shit, and should be avoided for any serious stuff

[bbc.reporter]

It has been proven that 80% of BSC transactions are FAKE. They just present the network as popular to bring people to it.
BSC is centralized shit, and should be avoided for any serious stuff

Fake or not, those transactions have proven that Binance Smart Chain can process more transactions and can maintain lower fees than Ethereum.

Agreed that it is centralized, however, that is not my argument. I am arguing that BSC might be the Ethereum killer.

[Dexion]

Ethereum is very firmly established in the crypto space. Binance certainly has prospects, there are many users who bring their money to the exchange. But defeating ETH will not be easy. In addition, the Ethereum development team are real professionals, they will not allow the project to fail.

Competition is indeed a natural thing, and I agree that if Binance wants to beat ethereum whose name is already established is not easy, the development team will also not stay silent with the threat of other altcoins that have the potential to shift their position, the developers will also definitely provide solutions to complaints that arise in their projects to keep their projects afloat and develop.

[CryptopreneurBrainboss]

It has been proven that 80% of BSC transactions are FAKE. They just present the network as popular to bring people to it.
BSC is centralized shit, and should be avoided for any serious stuff

Fake or not, those transactions have proven that Binance Smart Chain can process more transactions and can maintain lower fees than Ethereum.

We're only saying this now because BNB isn't as priced as Ethereum yet, as the price of the token increase so will the fees required to process transaction on the blockchain.

The binance smartchain is still new and most of the transaction they claim are just fake and that's the fact although they're doing quite well for themselves compared to other so called ethereum killers in the past.

Cz has said it time without number (on paper) that binance smartchain wasn't developed to compete with Ethereum instead for the betterment of the industry. So I guess the focus isn't about overthrowing ethereum but to be a better version of their own vision.

[NoG-NoG]

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

I think Binance smart chain is a very good rival of ethereum blockchain and if so happen that the issues and problem of ethereum blockchain cannot be resolve without any doubt BSC will definitely kill and put to an end the reign of ETH blockchain.

[btcltcdigger]

Anyone who thinks that BSC is better than ETH is delusional.
BSC is a 2020 copy of a 2016 project.
Yes, it can process more stuff, and has lower fee's. But when you only need to update 12 nodes to achieve that, it's easy.

[fia_naila]

Bnb can be ethereum killer if ethereum development can not solve the high fees problem, layer 2 is not a complete solution to it. Look at coinmarketcap, there are many ethereum dapps project move to bnb. When you want mass adoption especially for retail transaction. Ethereum needs to reduce the fees as low as possible. Bnb weakness is only the coin still too centralised.

[Musekay]

Ethereum has paid it dues in the crypto space and has really come a long way. The outrageous transaction fee of eth is a flag which bnb solved on the platform butis that enough to kill eth. Bnb definitely will do well in the space but putting an end to eth is still where i have doubts

[ecnalubma]

Only time will tell but I’m happy what had Binance achieved for years of development. Binance might not be the perfect blockchain to dethrone Ethereum but it has the potential thats why most projects strategically migrated to BSC.

[Twinkledoe]

Much of the ongoing discussion is the issue of high transaction costs on ethereum. It needs to be underlined is that the high transaction costs in Ethereum are caused by the density of transactions carried out there. But when talking about the demise of ethereum because of the presence of other altcoins, my race is something that didn't happen at all. Ethereum will remain in a stronger position.

That is the major reason why BSC network becomes popular. People are migrating to BSC because of the high fees in ETH. Now, if a lot of projects are now going to BSC, we should see at least de-congestion in ETH network. However, I am seeing that their fees are still high despite of their berlin hard fork and switching of previously eth-based projects to bsc. Maybe this coming July, eth will finally have economical fees like before. But labeling BSC as eth killer, I think it is too early to claim such title.