will Binance be the next Ethereum?

[ItsNotSean]

Binance just took advantage of the current situation with the load on Ethereum. The developers of the Ethereum network are trying to offer their users the conditions as close as possible to complete decentralization.

And Binance was able to quickly navigate and adapt to the realities of the crypto market, offering people the illusion of decentralization, and most interestingly, it really worked. Now that many have chosen BSC over Ethereum, I wonder if decentralization is so important? Or are favorable trading conditions more important?

When the rug finally gets pulled, people are going to see the importance of honest-to-goodness decentralization.

I find it shocking that people are willing to send their actual cryptocurrency coins and tokens to Binance and trade them for centralized Binance-token-versions of those cryptocurrencies.

A fool and their money, as they say...

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[aryana42]

There is a very high possibility that it can happen that Binance can out performed and be the next Ethereum especially if it can maintain its reputation as one of the best exchange in the crypto market. Also, if Ethereum problems/issues will be resolved by its developer it will definitely the end of ETH era.

Look at the token and coin ratings often so you know what rank BNB is currently in, because defeating tokens like Ethereum will not be as easy as you think because it is not a matter of price or exchange reputation, but a matter of enthusiasts and trading volume every 24 hours, even now BNB has been defeated by Cardano (ADA) in its position.

[Natalim]

There is a very high possibility that it can happen that Binance can out performed and be the next Ethereum especially if it can maintain its reputation as one of the best exchange in the crypto market. Also, if Ethereum problems/issues will be resolved by its developer it will definitely the end of ETH era.

Look at the token and coin ratings often so you know what rank BNB is currently in, because defeating tokens like Ethereum will not be as easy as you think because it is not a matter of price or exchange reputation, but a matter of enthusiasts and trading volume every 24 hours, even now BNB has been defeated by Cardano (ADA) in its position.

ETH is not a token, it's a coin, any project created under ETH platform are called token until they migrate to other blockchain or make their own, just like BNB, it started as ETH token but now already have their own blockchain but as per record, ETH has the most token in the market generated, scam and legit.

[btc78]

as we can see if the price of Binance has risen very high for now and even all the coin that use Binance smart chain have also increased very high and of course gas fees from Binance are very low compared to Ethereum, so there is a possibility that in the future there will be many projects using blockchain from Binance and that is an opportunity for Binance to replace Ethereum (become the king of all altcoin).

so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?

it can be possible because Ethereum has been losing its momentum now , While the increasing of transaction fees is really killing the users yet the 2.0 version of Ethereum has not been doing great from the first Phase of release.

While Binance on the other hand is really showing some great things now.

No wonder that in a matter of year or 2?it is binance will be the next big thing in ranking and support from the community .

[TastyChillySauce00]

BSC tokens are now gettin hacked and ETH upcoming updates around the corner..THink and invest!!!!

I suppose "BSC-Based Token"? it also happens on Ethereum network since it's basically individual responsible but yeap ETH 2.0 Basically will become the game changer with many improvisation just like BSC Today but it's Fully Decentralized rather than Centralized BSC Network, For now it's good to use BSC as alternative and wait till ETH 2.0 Launched, Cheers!

BSC despite having a good capability to scale still being considered as just a mere alternative for ETH not to mention it's rather "centralized" that adds up the worry for most of projects that are on top of BSC.
Eventually people gonna switch back to ETH because it has been used by many projects and dapps for a long time and found very little problem aside the gas fee. not to mention BSC have other competitior which is Cardano, wonder how all these things gonna turns out.

[bitzizzix]

Indeed, Binance Smart Chain (BSC) is making tremendous progress, apart from having fast transactions and very low Gas fees compared to Ethereun which many people complain about due to its extremely high Gas costs.
But big players or investors will not object to the high Gas fees and many still believe in Ethereum despite the constraints with Gas fees.
and I think Ethereum will solve the gas cost problem as soon as possible, so maybe or not I still trust Ethereum and will fix the shortcomings soon and will maintain its position.

[Pamadar]

Indeed, Binance Smart Chain (BSC) is making tremendous progress, apart from having fast transactions and very low Gas fees compared to Ethereun which many people complain about due to its extremely high Gas costs.

No doubts for those who undersand this chain, it's  a great opportunities for all those who are now using
this chain to lessen the transaction fees and much quicker transfer.

But big players or investors will not object to the high Gas fees and many still believe in Ethereum despite the constraints with Gas fees.

Though there are still investors and traders who are not minding this things up due to volumes of investments.

and I think Ethereum will solve the gas cost problem as soon as possible, so maybe or not I still trust Ethereum and will fix the shortcomings soon and will maintain its position.

The team will as expected with ETH 2.0 might cater this issues.

[deathcode]

why doesn't binance have a good development so far as the price of bitcoin continues to increase binance also supports all related features, most people have started to believe binance as the best place for the future no less also ethereum always supports the platform in every project that runs for me both are very worthy supported in the future

The momentum this year does seem to belong to Binance. BNB is getting stronger and more and more adoption of the Binance chain. support for the development of the BSC and the good bitcoin market made Binance perform very well this year. everyone knows him and trades there.
BSC seems to be the solution to the problems faced by ethereum from the past year to the present. binance is really picking up the momentum right. they were successful with the BSC.

[k@suy]

I couldn't object with your statement mate because the market graph progressive of Binance didn't make any false statement. Though i am still a huge fan of Ethereum but i couldn't deny that Binance Market was impressively soaring high. Actually, i also didn't know it but everytime i check the blockfolio to see the price movements of my favourite cryptocurrency i always see Ethereum in a red arrow, though its market value was not that lower as $1500 but thinking Ethereum as a good coin, i am expecting it to have a good market value too in this bullish market.

[Wawa2013]

It's interesting to see the performance of Binance Coin and Ethereum, both of which have been pumping quite high this year. Binance Coin's
appearance has stolen the attention of many investors, because this year Binance Coin has climbed into the top 3 cryptos. After finally now
having to be replaced by Cardano, seeing Binance Coin failing to defend its third position. It makes me doubt Binance Coin is capable of being
the next Ethereum, because currently it is still difficult to compete with Cardano. Regarding BSC, which has the advantage of transactions fees
that are cheaper than the Ethereum network, it does make several Investors are starting to try to use BSC instead of Ethereum. But it's too early
for BSC to replace Ethereum, because Ethereum is currently still waiting for the official ETH 2.0 release. So I think Ethereum is too strong to beat.

[Davian144]

yes, I hope they can really provide a solution with the problem of high Fees ... because the ethereum platform is quite fun to trade in the dex market but because the fees are high so think twice.

That's right, if the transaction fees on the Ethereum platform are very low on the DEX exchange, then I'm sure everyone will use the DEX exchange to swap the coins or tokens they get in some way at the moment, but because of that it seems difficult to happen, so in part people have started avoiding DEX exchanges for transactions, even though the only obstacle is the cost.

[Alohadanc3]

I don't think so. Ethereum is one of the oldest contract based projects. It's fully decentralized. It has a great community with huge 3rd party dev base. Ethereum has a plenty of validators too. In other hand bnb is also a good coin. It's not just a exchange coin now. Binance team a lots of utility bro the coin. And in recent days bnb price hiked a lot. But it's not fully decentralized cause binance team has full contron over it. There are not much validators. So in my opinion bnb is good but ethereum for me is better.

[LordShanken]

BNB is catching up very fast and on CMC it's at no 3. In terms of market cap and price per token BNB is still way behind ETH. Moreover, BNB is also not completely decentralized token like ETH thats why Eth will always remain ahead of it.

[Dhoe]

BNB is catching up very fast and on CMC it's at no 3. In terms of market cap and price per token BNB is still way behind ETH. Moreover, BNB is also not completely decentralized token like ETH thats why Eth will always remain ahead of it.

Although cathing up very fast but not possible to get ethereum position with BNB price under $300 and ETH have success raise above $1,6k. Make separated between BNB and ETH very far and get more than three years for BNB raise to higher price above ETH, but not happen with ETH only stay on position because back again to higher price maybe ETH on track above $5,000 two or three years later.

[bobyhodob]

In my opinion, binance smart chain is possible to become a competitor to ethereum, especially when ethereum is very detrimental to swap and approve once, therefore because the binance smart chain fee is cheap, there are a lot of whales switching platforms from ethereum.

[wack slacker]

Binance cannot be the next Ethereum even though the Binance smart chain is bridging Ethereum and helping projects run in parallel on two blockchains.  CZ has many tricks to maintain value for BNB.  Currently there are many new IDO projects on the Binance smart chain and are rapidly increasing in value, but I think it is just the copying and moving of the rich people to another playground.  I think the next Ethereum needs more good elements and more decentralization.

[Twinkledoe]

The possibility that binance coin will overtake ethereum is very possible. But it takes quite a long time but can also happen very quickly considering the very high growth of the ecosystem in the binance smart chain this year and now many projects are being made on the BSC network. So of course the BNB market cap will immediately shift ETH position.

It will take time and a lot of hard work to surpass the eth network, but the possibility is always there. If you observed, there are more and more projects that are now switching to BSC network coming from ETH. And others are directly building their project under BSC. The major reason is to avoid paying unreasonable gas fees. With this bottleneck in eth, they are just making other platforms like BSC to rise from their position.

[Father Bitcoin]

Indeed, the fees that must be borne on Ethereum transactions are considered too large and it does feel burdensome, when the circulation of the Binance market is increasing, it is likely to shift the throne of Ethereum higher in the altcoin caste

[Farma]

Binance cannot be the next Ethereum even though the Binance smart chain is bridging Ethereum and helping projects run in parallel on two blockchains.  CZ has many tricks to maintain value for BNB.  Currently there are many new IDO projects on the Binance smart chain and are rapidly increasing in value, but I think it is just the copying and moving of the rich people to another playground.  I think the next Ethereum needs more good elements and more decentralization.

we don't know what the future holds. although I agree with these two coins are coins that have enormous potential. however, I see that the Binance movement is more open than ethereum. What I'm saying is that Binance is working on solving the problems that exist in the crypto world, so I think that if Binance has a chance to be on par or more than ethereum. well, that is the opinion that is in my head.

[Davian144]

As in the past, when Ethereum's cost price was so low, bounty hunters often used forkdelta to sell their tokens for under $ 40.
but if now the number of tokens runs out for fees only

That's not wrong, but forkdelta currently very few are using it because it is no longer relevant and often have problems in the past, so that forkdelta users switch to other small exchanges and for token sales that are close to $ 40 it looks like it can still be tricked into sold if it is on several exchanges.