ETH and BSC

[Gorosden]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

[ingiltere]

How do you know ETH gas fees will be lower in near few months? I don't think it will happen soonTM, so I believe BNB's rise will go on in next couple of months. Even if they fix ETH gas fee problem it won't be near as BNB's low fees. People get tired over 100$ swaps so they switch out. ETH swap fees won't be 1$ anytime.

[Sterbens]

The bottom line is that the quality of the tokens that are on the Ethereum network always has a fantastic price at launch. and vice versa, most of the tokens or coins that are under the BSC network always have a price that can be reached by all small traders. and I admit that I as a small trader is greatly helped by the cost of the BSC network.

however, never mind talking about the cost of GAS there will be no end, not even we can put any pressure on the Ethreum dev. which is certain in the future growth of Eth will be like Btc, growth of Bnb will be like Eth. and Btc remains the leader above all. you only need to have all three, even in small quantities.

[btcltcdigger]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

Once optimistics and eip1559 are implemented, fee's will go down for sure.
Then, again majority of degens will flock back to the eth mainnet, and BSC will once again become a wasteland. Like matic is right now

[sheenshane]

IMO, the Ethereum killer was now found and would be a BSC.

Yes, it could be possible that Ethereum will be losing interest by most traders and switch to the BSC networks since most concerned now is the transaction fee of Ethereum which is very high.  As you can see, many Defi protocols are now moving and considering shifting into the BSC network.

We had heard that Vitalik Buterin promised to fix the issues of the high fee of Ethereum, but when the Ethereum volume 2.0 will happen?  It's how many years passed we're still suffering from the Ethereum high fees.

once ethereum gas fee goes lower in near few months?  

Anyway, how sure you are that the Ethereum gas fee will low down by next month?

[mersal]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

BSC is centralized network and running based on PoSA so they can process more number of transactions per second than ethereum.But once these shit projects moved to BSC then the ETH network fee will be lowered but there is no definite time period to say when this will happen.

But people calling BSC is an alternative for ethereum is a bit contradictory since both are different from decentralization even in the future ETH PoS is more decentralize than 21 stake validators of BSC.

[tyz]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

It will not happen because the BSC chain is not fully decentralized. The entire chain is under control of Binance and the nodes are run by 3rd parties which are controlled by Binance. A complete switch to the Binance Chain would mean for a project or company to be in the clutches of Binance which is an business risk.

[passwordnow]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months?

Yes, it will be lower in the upcoming months.
EIP 1559: What it means for the Ethereum Blockchain

Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

Let's wait until that upgrade comes for Ethereum and let's compare it when it's done but most likely, ETH will become better than BSC once the fees has been fixed.

[Skinny48]

I like both BSC and ETH so I'm not going to partially support one more than the other

ETH is going to 3500$ soon, and that's happening even while the gas fee is very high presently, if this doesn't change your mindset about ETH I don't know what will

If BSC is already better than ETH or a ETH killer right now ethereum price should still remain at 1000+ price tag, either with high gas or not ETH is still a big BOSS.

[donatello345]

On the Ethereum blockchain, so many projects have been created, but at the moment the network has problems with security, with the load and commissions within the network, it must be established by them!

[krisnajsadrak]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

i still bet on ethereum network mate, i know BSC become the best competitors of ethereum now, and a lot of project born in this network
but ethereum will stay as the king of altcoins, remember ethereum is the 1st smart contract platform in this industry

[Twinkledoe]

On the Ethereum blockchain, so many projects have been created, but at the moment the network has problems with security, with the load and commissions within the network, it must be established by them!

We need to see first the improvement in the eth network before we can say something about its future. Right now, BSC network and other chains are enjoying this opportunity, because projects are coming at their doorstep. The ridiculous fees are really the major problem why people are slowly going out of this network. So if in case eth will truly address this gas efficiency prob in the next coming months, let us see first if in actual eth transaction, if the improvement is already applied.

[DapanasFruit]

There is no question that the main impetus for the shift of some platforms to the Binance Smart Chain is due to the rising and unbelievable transaction costs in the Ethereum network. However, I think aside from the gas many also find BSC to be a good alternative and is really trying to live up to its name and reputation. Now, in case we can go back to the "normal" gas fees in the Ethereum side yes there is that possibility that many would still prefer it, but we also have to understand that it is not just the gas fees but also the scalability issue, even before when the gas fees were still acceptable network congestion was a big problem with Ethereum all because there are really many players using the network. And that is why many considered the coming of BSC as a big blessing, so there is also that possibility that many will be adopting both so that if one will have a problem then they can easily switch with the alternative. I actually love these two just as I love Bitcoin.

[sunny28]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

By the time Ethereum 2.0 is released, the Binance Smart Chain will be able to develop even more, but I doubt that it will be able to take away the title from Ethereum as the most popular project for creating smart contracts!

[ene1980]

How do you know ETH gas fees will be lower in near few months? I don't think it will happen soonTM, so I believe BNB's rise will go on in next couple of months. Even if they fix ETH gas fee problem it won't be near as BNB's low fees. People get tired over 100$ swaps so they switch out. ETH swap fees won't be 1$ anytime.

The die hard fans of ETH believe that the gas fees will become lower once the ETH 2.0 is fully rolled out and that is the general concept the ETH team is giving out as well but with the higher fees some of the projects already moved from ETH to BSC and so is the reason the price of BNB is rising as if there is no limit to the rally and went from $15 to $350 in a short period.

[zasad@]

Binance DEX is the first binance blockchain to run on a separate protocol. The main disadvantages of Binance Chain and Binance Smart Chain are that these projects are centered around the Binance exchange. If anything happens to Binance, these projects will die. These projects are centralized, money is deposited and withdrawn through the Binance Exchange or Binasn Bridge.
Ethereum is a global decentralized system, but if the developers manage to launch Phase 2 for a long time, they will lose some projects.

[plexasm]

BNB seems to be a serious problem for ETH.

ETH is more decentralized (though can still be effectively switched off by Andy Jassy), but DeFi doesn't need such distribution in a world where regulators are asleep. For as long as regulators are useless, BNB has a monumental advantage over ETH, especially since they can create incentives for Binance users to use BNB instead of ETH. BNB transactions are virtually free and instant; the improvement in user experience is obvious.

you'll see ETH holders raging at regulators to shut down BNB or add KYC at the least

CZ is the ETH killer, who knew

[plexasm]

Binance DEX is the first binance blockchain to run on a separate protocol. The main disadvantages of Binance Chain and Binance Smart Chain are that these projects are centered around the Binance exchange. If anything happens to Binance, these projects will die. These projects are centralized, money is deposited and withdrawn through the Binance Exchange or Binasn Bridge.
Ethereum is a global decentralized system, but if the developers manage to launch Phase 2 for a long time, they will lose some projects.

centralization is a huge advantage unless you have regulators who are actively trying to shut down these DeFi projects. when that happens, who knows. but if regulators do become hostile, there's no guarantee that ETH itself would avoid the regulations, since it has many points of centralization

interesting how the only Phase of ETH2 that they got live was the ability for people to burn their ETH, HAHA

[makishart]

On the Ethereum blockchain, so many projects have been created, but at the moment the network has problems with security, with the load and commissions within the network, it must be established by them!

Security? i don't think so. I see no problem on the ethereum security but if that's related to the ICO or token and that depends on the project itself whether the project has been creating a smartcontract with a proper core that doesn't contain bug or vulnerability.
The only problem that faced ethereum was the transaction fees and that's the only problem that i have been seeing it since a long time ago.
I think you are didn't see that properly.

[kevindjunaidi]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?

as long as the fee from BSC is cheaper or equivalent to Ethereum, then I am sure BSC will still be popular and there are some projects that will still use BSC, because for now BSC project has been very widely used by people and there are several projects that have switched from Ethereum to BSC, so I'm sure BSC will remain a competitor to Ethereum forever.