Is this the Ethereum killer?

[speedforce]

IMO BNB community mostly is traders while Ethereum community is a crypto geeks and developers (different target).
Also i know its frustating seeing Ethereum gas fee at the moment and makes some of people move from ETH Platform to BSC, but no doubt it will be solved in the future.

[viananda2525]

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.

So do you think that Ethereum fans will ever decrease because they have migrated to BSC? I don't think that's going to make Ethereum worse off. In fact, the more competition with altcoins the ethereum price continues to rise and so does its development. I think it has absolutely no effect.

it did now, i see alot ethereum community migrate to support binance. just look at how much project launched in binance smart chain now ? and existing project which is migrate to. altough its amount not significat , but they have contribution to bnb price now. their influence will attract new buyer to bnb.

[mexite]

It's quite commonplace to see existing projects migrate to Binance Smart Chain due to the low transaction fee. This is a major advantage of the BSC network, which is a compatible fork of Ethereum.

But apart from that, Ethereum still enjoys patronage because of its large community of developers and supporters, and the ongoing development to migrate the network to PoS.

[lexkiee28]

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

As of the moment many new and developing projects and mostly of the crypto enthusiasts are using binance smart chain because its more convenient to use and its much cheaper than the gas fee of Ethereum blockchain but In my opinion I don't think that BSC will be the ethereum killer because I think the best to described as Ethereum killer is the Polkadot.

[ampu]

After many days of DEFI launch, projects on Ethereum have migrated to BSC to reduce transaction costs. DEFI projects on BSC appear more and the transaction volume on Pancake is much higher than Uniswap.
It is worth mentioning that the value of ETH and BNB(BSC) has steadily increased. To date, no position change has occurred. Maybe we have to wait a long time to see which platform is really better.

[kak uli]

I think none of the altcoins can kill ethereum, be it Binance, Polkadot or Cardano. ethereum which has a lot of interest and has many uses, i think it is very difficult to kill ethereum.

[Bitstar_coin]

Honestly the high transaction fees can not be over emphasized, every time you think the fees are about to reduce still it will rather go up even more, yesterday i wanted to send some erc20 tokens over to the exchange but transaction fees was to much for me so i have to hold back, this is really killing the vibe of eth for me already.

[v3liana]

Let's wait and see how good ETH 2.0, right now we need to admit it BSC is better than ETH (according to small trader like me), but in the future i don't think so. I think ETH will keep staying on 2nd position in CMC.

[blackened515]

Let's wait and see how good ETH 2.0, right now we need to admit it BSC is better than ETH (according to small trader like me), but in the future i don't think so. I think ETH will keep staying on 2nd position in CMC.

This taking much time to implement and I'm thinking that if Vitalik Buterin and his team mates delay to finish up the new version of eth 2.0, the Binance Smart chain will take over ethereum, many projects had tried to kill ethereum but no way for them., Ethereum is moving to be an investment for the richer, the poor investors are moving in for BSC so they go transact with low fee.

[kak uli]

The BNB was on the 3rd place in coinmarketcap so I'm thinking that BSC is the Ethereum killer, many tokens migrating in BSC. Who knows that one day we will surprise that BNB will be on the 2nd place in coinmarketcap.

is it possible what you say is true? I don't think it will ever happen. Just take a look at some time ago, more and more ethereum competitors are present in the market then ethereum continues to prove that they are not competitors by showing the highest prices during 2021.

[raji1995naya]

Previously, I heard that DOGE will kill Ethereumalthough this has not been proved. Present I heard that BSC would kill Ethereum, but I do not believe this would be true because Ethereum is the number two coin and is commonly used around the world. Despite the fact that the gas is currently strong. And upcoming Ethereum 2.0 will be a pump for price

[yohananaomi]

not also bnb only excels in fees only whereas eth has a bigger and more community and as soon as the eth problem is resolved, eth will be increasingly used, some users may experience quite high fee constraints for now.

but if it continues to be ignored, it is possible that other platforms will fill the void that occurs due to high costs. Don't underestimate things like this even though we have to admit that there are so many Ethereum investors and until now they cannot be replaced and will remain loyal.

It must be remembered that all projects if they start switching to other platforms this clearly indicates that they are also having problems with payments. because the expenditure has increased which so far has not been a problem but is now starting to be felt. Moreover, bounty participants cannot even do anything because the cost is greater than the income.

[lalabotax]

BSC is a very promising and reputable platform moreover related to the statement from CZ. And we know that Binance is a big platform and will always try its best. However, beating Ethereum is still very difficult moreover because ETH has a bigger community, utility, and also tokens on their platform.
But one of the weaknesses of the Etheruem platform itself is the high fees. If they cannot decrease the fees, maybe someday BSC will really take the seat.

[martina14]

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.

A lot of the new project now arising here cryptocurrency business are already migrated into BSC platform, if this thing continue no doubt for sure in the end BSC can surpass ETH, then if ETH didn't do something about high transaction charges it could be the beginning of their fall for sure in the end.

[gurunanakji777]

No doubt Binance is doing good still we can not say it is an Ethereum killer even we are expecting Ethereum upgrade by next month. If that implements Ethereum will start burning their coins and that will again help to gain the value of Ethereum. I feel Ethereum dev should also focus on more development and upgrades. If Eth gas fee will be reduced then it won't be easy for BSC.

[trauchot]

Everything is possible, why not, because look how quickly this year BNB and BSC are developing and BSC has already caught up with Ethereum, and if same fast BNB and BSC development will be further, then perhaps in the future BSC will overtake the Ethereum blockchain, but so far I think that Ethereum is still much more successful than BNB and BSC, but when all stages of Ethereum 2.0 will ne released, it will be very hard for BNB and BSC, so in the near future Ethereum will still be in first place among all altcoins.

[ene1980]

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?

Months down the line the entire landscape changed and now almost all of the coins are using BSC network than Ethereum for launching their platform and once that launched them in Ethereum are either migrating to BSC chain or using it as an alternative as the demand is higher from the clients. Even i was skeptical about their success but that changed in a matter of months. 

[Katarj]

I guess the future is going to parachainz: dot, kusama etc. 
BSC will no longer 2 years.

[TWW]

Months down the line the entire landscape changed and now almost all of the coins are using BSC network than Ethereum for launching their platform and once that launched them in Ethereum are either migrating to BSC chain or using it as an alternative as the demand is higher from the clients. Even i was skeptical about their success but that changed in a matter of months. 

everything is going pretty fast. BSC managed to get its best momentum from the problems experienced by ethereum.
what is very surprising is that the trading volume of the exchanges that support the BSC like a pancake is growing very fast. even faster than UniSwap achievement with the ethereum network.
I am excited about the growth of this exciting market. but not so happy to see how ethereum has to cope with everything that binance already has.

[Furious 7]

Months down the line the entire landscape changed and now almost all of the coins are using BSC network than Ethereum for launching their platform and once that launched them in Ethereum are either migrating to BSC chain or using it as an alternative as the demand is higher from the clients. Even i was skeptical about their success but that changed in a matter of months. 

everything is going pretty fast. BSC managed to get its best momentum from the problems experienced by ethereum.
what is very surprising is that the trading volume of the exchanges that support the BSC like a pancake is growing very fast. even faster than UniSwap achievement with the ethereum network.
I am excited about the growth of this exciting market. but not so happy to see how ethereum has to cope with everything that binance already has.

That's because in the BSC network has provided a very cheap network so many clients are interested in faster and cheaper BSC migration, at that time Ethereum was having trouble on the gwei which was too high so much to the disappointment that we couldn't even send tokens with $10 so for they are a burden and will certainly choose BSC as the right network for the recently launched token.

But did you know that ETH is now cheap again in terms of gwei even under $1 I think Ethereum won't be left behind and has taken care of all these issues so I think it will be fine and Ethereum's net will still be above the BSC.