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Author Topic: This is why i move to Binance Smart Chain  (Read 211 times)
tvplus006
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March 24, 2021, 12:08:58 PM
 #21

In the current conditions, it will not be possible to completely switch to the Binance Smart Chain, because most coins use the ethereum blockchain. This could become a reality if ALL coins switched to the BSC blockchain, but we understand that this will never happen.

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March 24, 2021, 12:20:38 PM
 #22

I'll never gonna leave ethirium, because it's decentralized instead of Binance. Also Vitalik Buterin is a great developer, i'm not gonna abandon him.
Actually, everyone will not leave Ethereum even though Gweinya is still very expensive at the moment, but some people who use other platforms do not mean they will completely abandon Ethereum, I believe it will only be temporary and when the Gwei Ethereum fees return to normal, all people will be using the Ethereum platform again as before.

Transaction fee is the main concern on using Ethereum blockchain Right Now and some project are starting to migrate from Ethereum to BSC just dodge the high transaction fee especially for those DEX that has tons of transaction fee per day. Solving this Scalability issue on ETH is still not guarantee on there upgrade while BSC is performing well in terms of TPS.

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March 24, 2021, 02:44:50 PM
 #23

I guess this is is really a big blow to eth network. Paying fees like that in the long run is very expensive. I do hope ethereum has solution to the network fee cause if not, binance smart chain and other dexes will take over the lead and slowly eth will become useless.
I ain't sure the ETH team is ready to stop the exploitation going on in the guise of gas fee as long as investors keep patronizing ETH. It is really sad that the team is yet to learn a thing or two from the newer smart contracts springing up. It saddens me too whenever I have to buy into a project just to find out it's only on an ETH pair, especially on a DApp. I just give up on the project and move on, no matter how great I think the project is. It's that bad for me.

The smaller the fee the bigger the project will be known. Take a look at BSC, they slowly pacing up and even surpassing the era of uniswap deals.
Uniswap has a throat slitting swap commission. I rather choose a project on the BSC DApp over it anytime any day. I guess that's what is giving Pancakeswap that popularity and growing its fan base.

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March 24, 2021, 02:50:42 PM
 #24

everyone's having the same problem. especially those users of the ethereum chain.
But when you move up the Binance smart chain and the assets you own aren't converting then what can you do with the assets you already own?

although you are currently moving into trading with the BSC. but I am sure that in the end you will still hold your ethereum assets in the wallet. selling it now will only waste your money if the value of the token you are selling is very cheap.
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