Which is better: Ethereum or the Binance Smart Chain?

[SlimShadyMmp]

Now these days is just a matter of which is cheaper and which your pocket can afford Most people use BSC because mehn the whole profit you can make in ETH network can be engulfed my the raging gases hungrily for more While BSC is mostly micros but the truth is not all projects are on BSC so some rich defi farmers stick to their ETH no matter what and then again some stubborn people

[SyndicateLabs]

This question has a really simple answer, Binance smart chain is the straight winner because of the fact that it's really efficient and requires really low transaction fees as compared to Ethereum, whereas for me in ethereum it once required a 29$ gas fee for a 10$ transaction [it may differ for you]  which is really high and I won't recommend it for sending and receiving a small amount of assets.

It's just your opinion, and newcomers to the field don't accept ETH-based fees. Agree that BSC is solving the current problems in the market very well, but the dominance of ETH in this market is too great when most fields have ETH presence. Personally, I'm not too discriminating about which is better to choose, I simply choose both.

Choosing both is very good because we are now have some more and these are bringing some healthy competition, which is very important for crypto growth. Few years back we were only depended on Ethereum now we can go on some others with much better and good features but still Ethereum is biggest in market even peoples not happy with higher fees.

BSC is backed by biggest exchange and centralized but on other side Ethereum is going with big market and have decentralized but higher fees which is surely coming down even taking some long time, but team will do some better because without this now It's hard to stay on top in market.

It's a problem that we need to talk more about when people are so focused on seeing which is better to choose when both are good.
The demand for crypto is increasing day by day and ETH is still doing very well, only now is not a good time to talk about the ETH ecosystem when it has not met the demand. But the problem is they are building everything to be perfect, I believe ETH 2.0 will really make us happy with it.

[yehestielsiburian]

If good scalability on the BSC network will continue to maintain, users will always enjoy the quick and low fees of using it.

But before, the Ethereum network also has the same feature, cheap fees while users can enjoy too a quick transaction. It's no assurance that the BSC network will avoid ending up on that issue too in the future. For now, let us enjoy what network is giving us convenience. In the first place, other networks chains are build to somehow solve some of the issues when using Bitcoin before, especially fees.

That's right, at the launch of BSC, my mind was already racing when people shouted FEE BSC was cheaper than ETH. I asked, wasn't ETH Fee also cheap before? and it is because of transaction density that ETH FEE soars. But I believe this incident could have happened to BSC if it was at the same point in ETH

[AwoCorporation]

Two of the most popular and powerful coins in the crypto market, both have their own advantages and disadvantages, but I personally prefer BSC, because it is clearly cheaper transaction fees, several times I use ETH very burdened with more frequent transaction fees. to more expensive.

[gamer4156]

I am certain there are loads of individuals who will going to go to Binance Smart Chain since they definitely realize how their administrations ensured a greatest security. The way that ETH is presently encountering issues with network burden and high charges for commissions truly ruins Ethereum's standing and numerous crypto stages and organizations are currently changing to other blockchain stages, including Binance Smart Chain.

[Nazmul012]

I don’t have any complain with ether except transaction fees which is getting out from its normal range day by day and making the transaction process slower where binance has its solution and so its become more trustworthy and more used by people. Recently London fork was also a step but still no noticeable change and don't know this step could work or not. if they or 2.0 get successful, then eth is best. Otherwise bsc smart chain

[JooBra]

I don’t have any complain with ether except transaction fees which is getting out from its normal range day by day and making the transaction process slower where binance has its solution and so its become more trustworthy and more used by people. Recently London fork was also a step but still no noticeable change and don't know this step could work or not. if they or 2.0 get successful, then eth is best. Otherwise bsc smart chain

Yeah the only reason I prefer more BSC is fees. I have been playing some NFT games on BSC and it's such a joy being able to play without to worry to much about fees.

[BlackRexuz]

although Binance Smart Chain has very low gas costs, I think ethereum is better for the future. even though the cost of eth gas is high, there are still many fans. I hope that in the long term ethereum will also try to reduce gas costs

[Abiky]

If good scalability on the BSC network will continue to maintain, users will always enjoy the quick and low fees of using it.

But before, the Ethereum network also has the same feature, cheap fees while users can enjoy too a quick transaction. It's no assurance that the BSC network will avoid ending up on that issue too in the future. For now, let us enjoy what network is giving us convenience. In the first place, other networks chains are build to somehow solve some of the issues when using Bitcoin before, especially fees.

Any blockchain can end up with high fees and slow confirmation times if network load grows at a fast pace. ETH was once cheap and fast to use, as not many people were using it. Things are quite different now that ETH reached mainstream adoption. Gas fees are extremely high, while transactions take hours to confirm on the Blockchain. This could happen with BSC in the future if it continues to grow in popularity. That's why it's important for developers to focus on scaling the Blockchain in order to keep fees as low as possible.

Regarding the question to which coin is better, I'd say ETH is better than BSC simply because it's decentralized. Of course, ETH is ridiculously expensive and slow to use. But that's nothing if you care most about decentralization, security, and reliability. BSC may be cheaper and faster to use than Ethereum, but it's utterly centralized (largely controlled by Binance itself). Projects have to either sacrifice decentralization to obtain scalability or vice versa. For different needs will be the type of cryptocurrency to use in real life. I think both ETH and BSC will survive for a very long time because of their strong communities backing them every step of the way. Just my thoughts

[mdzahed134]

although Binance Smart Chain has very low gas costs, I think ethereum is better for the future. even though the cost of eth gas is high, there are still many fans. I hope that in the long term ethereum will also try to reduce gas costs

How Ethereum will be better in the future? If this network an unable to reduce the gas fee, There are no reason to see, It will comfortable in the future without fix this issue. Where BSC you can use incredibly lowest fees. Right now Matic is my favorite network because their blockchain even lower cost than BSC.

[mikemiller023]

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

BSC is not only better but also an excellent platform for now a days. The only cause to me is the lower fee of bsc network. But Ethereum is not neglected, once when the fee problem will be solved then the eth platform will also be better. Thanks.

[sukmo]

Everything has its positives and negatives and both coins are developing well year after year. I think questions like this shouldn't exist. Because it will only cause debate among fellow members of this forum. Obviously it all depends on each of us, self-confidence will be the best solution to the question.

[Solanareal541521]

Eth = expensive fee
BSC = cheap fee

[Jose Mourinho]

Ethereum and binance are the best altcoins right now, as their popularity is increasing over time, but a very basic complaint is coming from et because gas fees are very high compared to binance, for the time being personally I focus more on binance to make transactions, because  can save the amount of assets I have, but that does not mean I will leave ETH,

[Lotti]

Despite the huge differences in their fee charge with ETH charging the highest, there is more to look upon that could stand as the reason why it is so., and due to the statistics which I will likely outline shortly, it will be clear why ETH is the higher and better blockchain..
ETH still holds the second highest price on the market, with potential for huge growth of DeFi as the biggest network out of all cryptocurrencies.
Taking a look at the data for Binance Coin, it’s  clear that the vast majority of tokens are in Binance-owned wallets. It’s likely that many of the BNB tokens are held in unaffiliated addresses and do not show up on data sites. At present, there are just over 315,000 BNB holders, with the top 100 holders collectively owning just over 95% of the total coins. While the number of holders is significantly lower than what we see with ETH, the even-handed distribution lends to the idea that the community is more democratic overall.
The utility of Ethereum is unrivalled for the most part, outside of direct payments, the Ethereum ecosystem offers a range of utilities. As i mentioned before, ETH supports a variety of DApps, nearly 3000 in fact, as well as supporting gambling and financial systems.

While BNB is divided, offering two main utilities. It provides a centralized finance (CeFi) system, which is it’s central platform, the Binance cryptocurrency exchange. As well as that, BNB has a decentralized finance (DeFi) utility, offering the native token of Binance Smart Chain.

[haasanjui]

Both are good. We saw a big pump in both coins price. Etherium or binance Smart Chain are good coins for investment. Etherium is too expensive if you not have assets to buy ETH you can invest in Binance Smart Chain and there are many predictions that it will fire.

[letyouearn]

Ethereum is too heavy and hard to use now - because of its huge fees. If you operating with sums below 1000 USD, using ethereum blockchain is insane for you. You will lose half of your capital after several transactions

[Tashana]

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

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Obviously these two things are not in the same direction. In addition to Ethereum and the BSC network, there is also DOT. I think the real dark horse needs time to ferment.

[imamusma]

Obviously these two things are not in the same direction. In addition to Ethereum and the BSC network, there is also DOT. I think the real dark horse needs time to ferment.

There is no such thing as a dark horse, now there are already many coin networks that can be used like the example you mentioned, but there are also those that are not as advanced as Tron but for Polygon and Solana I'm sure both of them will be competitors for BSC in the future.

[Abiky]

Ethereum is too heavy and hard to use now - because of its huge fees. If you operating with sums below 1000 USD, using ethereum blockchain is insane for you. You will lose half of your capital after several transactions

Ethereum's gas fees are completely insane. Only those with large sums of money will be able to use it. Binance Smart Chain, although centralized, is a solution to the high fee problem. If ETH continues to experience network congestion, then I'm afraid new projects will switch over to BNB. The alternative smart contract platform (Binance Smart Chain) is already growing at a fast pace since the benefits are numerous. I cannot say that Binance Smart Chain is better than Ethereum or vice versa since they're completely different projects with unique purposes in life. Depending on your needs, will be the type of blockchain network to use for day-to-day payments. As long as these projects have strong community backing, there should be nothing to worry about. Just my thoughts