Thoughts on BNB (Why it won’t replace ETH)

[trauchot]

We all saw how the price of BNB was growing before our eyes and how quickly BNB approached Ethereum, and now we can say for sure that if the big players will want, they will do so that BNB will reach incredible heights and of course BNB can overtake Ethereum, but here the question is different, do big players need it  and, in general, what are their goals for BNB is still unclear, but it is already clear that BNB will grow to incredible heights in the future and will compete with Ethereum.

[Karartma1]

I would have never put a single cent on BNB when it was created but I now have to admit I was proven wrong since I like the way BNB and its corresponding blockchain has been developed.
Ethereum is struggling to fuel the countless applications that are being deployed over its VM and it is logic that new projects look for more reliable ecosystems.
BNB is a big threat to ETH so long as ethereum doesn't scale its clogged environment.

[ije07]

I would have never put a single cent on BNB when it was created but I now have to admit I was proven wrong since I like the way BNB and its corresponding blockchain has been developed.
Ethereum is struggling to fuel the countless applications that are being deployed over its VM and it is logic that new projects look for more reliable ecosystems.
BNB is a big threat to ETH so long as ethereum doesn't scale its clogged environment.

yes. especially the cost issue on the ethereum network, as we have seen that gas costs on the ethereum platform are very expensive and it doesn't make sense to make a withdrawal or delivery at a high cost. but there is one thing behind this problem in that Binance started to take a good stance when etehreum was having cost issues, Binance is currently in the spotlight for crypto investors, due to its low fees compared to ethereum. The surprise coming that Binance was up 60% in the past week and it was Binance all-time high price increase.

[Kelvinid]

BNB and its developers just tried to prove themselves that they are worthy of our trust and investment, but I was not sure if they have the plan to replace ETH, probably not. Many investors keep eyeing BNB because of its impressive market performance since its early days and it was a really progressive project. Everyone who knows BNB had never disappointed and they become hot as Binance takes the lead among all exchanges(correct me if I'm wrong).

This simply means that BNB has a competitive power and it is no wonder why it gets the 3rd position next to ETH. It was on the developers now to push and replace ETH or just to stay where they are today.

[iv4n]

Overtaking is the strong word! I think people use it too easily here on the forum...
Take another perspective, both are good projects, and both wish to take a big share of the market, as much as they can! Ethereum is an older project, which is an advantage... Binance is the top crypto exchange, they took another way to build their project and they are doing it great! If you don't believe it, you can take a look at the price!
Well, I sold at $110, and I am eating my ass over that! Now I am thinking about what to do about BNB!

[ice18]

I agree BNB wont replace  ETH because its the first coin to introduced smart contracts and become the most widely used blockchain for creating dapps but for now many developers are planning to use the BSC network from Eth because of its high transaction fees we all know that at the moment the anticipated eth 2.0 which will solve all this problems still in testing and has no final date when to goes live meanwhile BSC in a good alternative to dapps who are in eth chain while waiting for 2.0, BNB usecase are growing fast from a utility to its own exchange to dapps created in bsc bnb use as a fuel just like eth, if eth 2.0 will delayed more years BSC IMHO users will grow tremendously it can even surpass the current MC of eth when burning of BNB has done and the supply becomes limited to only 100m.

[Btc_1856]

You people can say whatever you want but the project is getting stronger because there is a huge incentives for developers to run Dapps on it, 30% of the transaction fees goes to developers, which blockchain offer this kind of incentives to their developers, recently SFI said their V2 is going to launch both on Ethereum and Binance Smart Chain this shows that people are watching how the space is unfolding

In some articles I have seen, BSC developers are making some massive amount in terms of BNB fee, this is just beginning and it will surely improve its standards once many projects start, launching on the BSC platform, the demand for ETH block chain only the transaction fee should decrease.

[MCobian]

I am one of those who believe BNB can replace ETH, because I see CZ as the CEO of BNB who understands the crypto world very well. That's why
it's no wonder Binance exchange is the platform most used by traders right now. Likewise with BNB, CZ will definitely do their best so that BNB can
become number one. With the Binance Smart Chain fees which are much cheaper than Ethereum smart contracts, this is clear evidence that CZ
delivers what investors need. I am really amazed by all the hard work CZ has done so far. So I will HODL my BNB.

[goaldigger]

You people can say whatever you want but the project is getting stronger because there is a huge incentives for developers to run Dapps on it, 30% of the transaction fees goes to developers, which blockchain offer this kind of incentives to their developers, recently SFI said their V2 is going to launch both on Ethereum and Binance Smart Chain this shows that people are watching how the space is unfolding

That's right, we really have to adopt changes and if one project didn't move that much, I mean slow to no progress at all, then its better to switch to another project. This is not just about the rankings honestly, its about the services that you offer to the public that makes you more valuable. ETH and BNB are both good in the past but we can't tell the future of these two because they both continue to grow, we'll see the effect of this soon.

[FanEagle]

You people can say whatever you want but the project is getting stronger because there is a huge incentives for developers to run Dapps on it, 30% of the transaction fees goes to developers, which blockchain offer this kind of incentives to their developers, recently SFI said their V2 is going to launch both on Ethereum and Binance Smart Chain this shows that people are watching how the space is unfolding

That's right, we really have to adopt changes and if one project didn't move that much, I mean slow to no progress at all, then its better to switch to another project. This is not just about the rankings honestly, its about the services that you offer to the public that makes you more valuable. ETH and BNB are both good in the past but we can't tell the future of these two because they both continue to grow, we'll see the effect of this soon.

I think they are going to pass ETH for sure without a doubt, there is not a single doubt in my mind that BNB will one day be second ranked coin, not because the coin itself is strong or whatever, but because it has so many reasons to be used. That is why I think it is going to definitely be used more than any other coin for things, and when you are used that much obviously that means people are buying it, not like it is going to waste, some other people take it, but in the end we are talking about speed of buying being faster than speed of spending and that is why the price will keep on increasing as long as BNB is better than other coins for these things.

There is only a small chance ETH could continue to be good, and that would be if ETH managed to make the gas fee's about 95% cheaper, and that is not an easy task to handle, that would be very difficult.

[Erumo]

I am one of those who believe BNB can replace ETH, because I see CZ as the CEO of BNB who understands the crypto world very well.

What a strange logic. He is not the only one who understands crypto, believe me 
There is a huge team behind Binance. They do a lot of brainstorming to come up with sometning new and profitable. CZ is just a good person to make a presentation. Or you though that CZ is the only one who releases all updates, competition, updates, promotions and etc?

[Dragonfund]

There are still a lot of ETH fans, they will use eth despite of everything

It's not about fans to a blockchain-based. It's because many don't have choice about the so called defying ( if that actually exist ). Uniswap, Sushiswap are the home base of Defi projects because of they are fully decentralized. Their activities are responsible for the actions in gas fee and hence they don't have choive as most of this hype project are mainly built on Ethereum.

Now that BSc has scale up the main game Ethereum has been trying to achieve since last months. I still think more development is needed but if BSc proves to be better, many will leave Ethereum for Binance chain.

[shield132]

What about the fact that Binance is just going to conquer the crypto world and they truly succeed in it? They become the number one exchange, they acquired Coinmarketcap that was between top 100 websites across the world in 2017. Binance has a lot of resources, a lot of money and the influence. Just look, these shit people in Binance makes you lose a lot of money in leverage because they shut down the servers. They do different activities to pump their coin like they did 2-3 days ago. It's dirty what they do but finally, they can replace the Eth.

[bitcon]

Binance will compete with Ethereum, but competition is the norm for market participants. Here whoever managed to offer the best option on time won. Binance now has every chance not just to make money on defectors from Ethereum, but to prove to many the benefits of cooperation on good terms. Although we must admit that there is now a division of the crypto community, some accuse Binance of dishonestly enticing customers, while others see great potential and confidence that BNB will be able to achieve Ethereum's success.