Which is better: Ethereum or the Binance Smart Chain?

[zasad@]

Any operations with cryptocurrency teach us to think before performing any operations.
If you don’t think, then lose your money.

BSC validators: 21
https://bscscan.com/validators
To become a validator, you need to own a $ 90 million BNB or get other owners to vote for you.

ETH validators:  113 000
https://beaconscan.com/validators-leaderboard

[blockman]

It's not worth comparing these two platforms with each other now, because ethereum is now in a state of complete renewal. Yes, the ethereum network was created in 2015, when there was not such a large user load. Now the ethereum team is solving these issues, including with high transaction fees, but this will take some time. Ethereum will be updated, and then we will compare.

Yes, they're already trying to solve it and it takes time. Some projects have been converting to BSC but those that have remained on the ETH network are patiently waiting for the solution.

If only this was the difference, then we would see that all projects massively began to switch to the Binance Smart Chain. But I see that most projects are still done on the ethereum blockchain, because developers don't like the fact that BSC is centralized. This, in my opinion, is the main difference between them.

Your opinion has a point and I agree. It's either project don't want to let their investors and holders struggle with the fees and they chose the BSC over Ethereum but others that even find it expensive for the fees just have to wait until 2.0 is done.

[SparrowOnTheMoon]

Even with such fees, Ethereum looks better and more reliable than Binance Smart Chain.

[kevinzxz]

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

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'

actually Ethereum is the best, because Ethereum is more popular and many projects use the platform from Ethereum, but for now I prefer BSC (Binance Smart Chain), because transaction fees using BSC (Binance Smart Chain) are cheaper than Ethereum and the speed for transaction using BSC (Binance Smart Chain) is also fast, therefore for now I prefer BSC (Binance Smart Chain) than Ethereum, but if in the future the gas fees from Ethereum go down (become cheap), then I will definitely choose Ethereum again as the best.

[Hamphser]

The common reason why BSC is better these days is because of the fee.
Eth = expensive fee
BSC = cheap fee
That's the easiest comparison and reason that we can comprehend if it's about these two chains.

The question is, would BSC would able to retain that cheap fee when it able to reach on what ETH had attained as of this moment? We cant deny that BSC
is better now in terms of fees but i cant really see much if difference.

I do see much more hype on this one but well this isnt something that is just good in the looks but really does have that functionality or simply its usage.

Why would choose on which one is better? Pick on what suits you.

[TimeTeller]

BSC only excels in fee, BSC has lower fees than Ethereum. For the blockchain system BSC is totally centralized network and Ethereum is totally decentralized. For the others I think they both have the same effect, but Ethereum is still the best blockchain to create a project even though it has a high fees at the moment.

Gas efficiency is the main problem right now in ETH.
However, for those who don't want a centralized system, they will still opt for ETH.
In the very near future, I believe, this gas fee problem will be resolved.
I don't think the ETH team is just sleeping on this problem.
Wait for few months, and let's hope that ETH will truly rectify this issue.
It has been a burden for many eth users already. And I think eth team, knows this problem.

[martina14]

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

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'

When it comes to transaction charge/fee they have a big difference, in Ethereum the gas fee was too expensive or high, while in the BSC much more cheaper than the ETH. Now, in terms of usage for the new projects ETH is much more useful than the BSC, as you can see most of the new campaign projects they always used the platform of ERC20. These was their differences in my own assessment mate.

[Billo_]

Ethereum is a better platform because it's decentralized. Binance has cheaper and faster fees but it is a centralized platform and not like Defi should be.
If we want to have a real decentralized finance, we can't choose centralized blockchains like Binance.

Yes, fees at Ethereum are high, but Ethereum devs will (and must) find a solution.

[Grafen]

Currently BSC is more preferable than ETH. Cheap fees

[(o)(o)ilikeboobs(o)(o)]

Ethereum allows for a more decentralized and secure network. Right now the cost on Ethereum is higher than that of Binance Smart Chain, and that doesn't actively encourage everyone's trading. There are currently many projects under development on Binance Smart Chain. I believe that in the future there will be more projects choosing Binance Smart Chain compared to Ethereum.
Costs on Ethereum need to go down because it's too high, not for everyone. That goes against Vitalik's crypto claims.

[DamonWilliam]

For whom as, everyone will like different things. On Ethereum, more smart contracts and ICOs have been made for all the time, but it is very annoying that there are such large commissions.

On finance, there are no such huge commissions!

[makishart]

Currently BSC is more preferable than ETH. Cheap fees

Cheap fees should be the main consideration but i do believe people are not also seeing BSC from the cheap fees that already offered compared with ethereum.
The fact that BSC community is still growing steadily and the ecosystem of BNB becomes even bigger than before.

I see that binance is also actively creating more and more partnership to expand its domination.

Binance is really active at this moment.

[mamesso]

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

There are several differences between Ethereum and BSC (Binance Smart Chain), Ethereum have a much larger ecosystem with transactions spread more widely among more Dapps, Ethereum is also completely decentralized with thousands of developers.
Whereas the BSC (Binance Smart Chain) is supported by a centralized exchange to process so many transactions at low fees.
If seen from the cheaper transaction fees, yeah, BSC is better than Ethereum.

[Kabul]

Ethereum is expensive during these days while binance smart chain is cheaper. Ethereum is more familiar to the people than BSC but the things are changing rapidly. New projects are developed right on BSC chain and Binance also gives their hand (EX: launchpad) to support potential start-up. But do not underestimate Ethereum, their team also work as hard to bring new development and improvement to users. New forks are being researched in order to lower the trx

On finance, there are no such huge commissions!

ok, finance....

[tvplus006]

The question is, would BSC would able to retain that cheap fee when it able to reach on what ETH had attained as of this moment? We cant deny that BSC
is better now in terms of fees but i cant really see much if difference...

Even taking into account the fact that the load on the Binance Smart Chain will grow many times, it will still surpass today's ethereum blockchain. Today, the transaction speed in BSC is 20 times faster than in Ethereum. But this advantage of BSC will be lost after the launch of Ethereum-2.0.

[molsewid]

actually Ethereum is the best, because Ethereum is more popular and many projects use the platform from Ethereum, but for now I prefer BSC (Binance Smart Chain), because transaction fees using BSC (Binance Smart Chain) are cheaper than Ethereum and the speed for transaction using BSC (Binance Smart Chain) is also fast, therefore for now I prefer BSC (Binance Smart Chain) than Ethereum, but if in the future the gas fees from Ethereum go down (become cheap), then I will definitely choose Ethereum again as the best.

Well i really agreeing with the statement that Ethereum was really the best Chain for many projects to use and it also could be one of the attraction of investors of what kind of crypto chain does a new rise project has but one drawback of Ethereum of course was its high gas fees. Though Binance Smart Chain is also good, i saw that there are so many new projects that uses Binance Smart Chain on their projects.

[max6575]

ethereum have with the blockchain network as developer works on chance with the manufacturing of product and service on extent as offering public audience as might to attains of work on arbitrage trading with the crypto finance market, that those helps of investors to gains with the dynamics on working with the trading jobs.

[Musekay]

At the moment, BSC is offering many projects what eth network cannot offer at the moment which is transaction fee.transaction fees on BSC is quite on the low side while the opposite is the case on the eth network. But the question is will eth fix that issue and when, and if they do will projects be willing to go back to their network or will it be too late

[disconnectme]

Ethereum is the best smart contract out there, don't let anyone deceive you, if the price fo BNB hit $3000, the transaction fee will also go up, there is a reason why projects still stay loyal to ethereum, it is not a clone, we see what is happening on BSC now, it is geting blotted with no real development going on to improve the chain, Ethereum 2.0 is coming and some of the issues people are highlighting has a blow ot Ethereum scaling issue would be gone

[MUG1WARA]

With the huge gas fees required for just one transaction on Ethereum I would say Binance Smart Chain is better, because its gas fees are not only cheap, Binance Smart Chain solved the scalability problems on Ethereum blockchain, so it's a better than Ethereum for now, maybe when Ethereum 2.0 comes, we might be say something different because the update is expected to solve the current problems Ethereum has for now.