ETH and BSC

[Dexion]

indeed for now many projects that have switched to using BSC because the cost of gas there is cheaper than using ethreum, and this will continue to increase if the price of ethreum gas will not fall back at the normal price, currently BSC is increasingly relied on and I am very sure this will continue even though later the price of ethreum gas returns to normal, and will not happen like the fate of binance DEX.

and with the growth of binance, the cost issue on ethereum can be a valuable lesson for binance, they must pay attention to the stability of their transaction costs in order to stay at a safe point, because this is one of their attractions, don't let the cost issue become a gulf for binance growth in the future

[MishaSER]

I saw joint pictures of Changpeng Zhao with Vitalik Buterin, as I understand they are friends, I wonder what their relationship is now. After all, BSC really shows the best alternative to ETH smart contract.

[donatello345]

BSC became popular. Now bsc still will be popular. Even if eth gas fee decrease. Already some good defi project launched on bsc. I think we will see more good project in bsc. But, the true is i still want to see low gas fee on eth.

There are still a lot more projects on Ethereum than on the Binance Smart Chain, despite the fact that the commissions on Ethereum are very high.

When the commission will decrease, can you at least imagine what can happen to this market? There will be more and more projects that have previously switched to the Binance Smart Chain.

[Handsome Boy]

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 think if gas fees from Ethereum are low, then of course many new projects will use Ethereum again, but I am sure that BSC will still survive, because I saw some projects using Ethereum have used BSC as well (like ARPA and MITx), so of course it will make BSC still popular and used by many people, but I believe that Ethereum will still be more popular than BSC until whenever.

[Lantind]

I saw joint pictures of Changpeng Zhao with Vitalik Buterin, as I understand they are friends, I wonder what their relationship is now. After all, BSC really shows the best alternative to ETH smart contract.

In fact, they are very good friends and we need to know that business people will not want to lose on all sides, because they are friends to make a lot of money even though it seems that in their crypto space they seem to be competing with each other, when in fact they were just the opposite.

[Wawa2013]

I saw joint pictures of Changpeng Zhao with Vitalik Buterin, as I understand they are friends, I wonder what their relationship is now. After all, BSC really shows the best alternative to ETH smart contract.

In fact, they are very good friends and we need to know that business people will not want to lose on all sides, because they are friends to make a lot of money even though it seems that in their crypto space they seem to be competing with each other, when in fact they were just the opposite.

I believe CZ and Vitalik Buterin are friends, but when it comes to the crypto industry they will compete. It is normal for them to compete,
because when they are already in work affairs, they must be professional by defending their respective projects. Until now I have seen BSC
as a very good alternative to Ethereum which now still has problems with high transaction fees. Although BSC offers much cheaper transaction fees,
it seems like many still use Ethereum. Because it is difficult to move when we are comfortable using Ethereum, Besides, I believe Vitalik Buterin is
aware of the problem of high gas fees on Ethereum. Therefore he and his team are definitely trying to fix it, we just need to be patient waiting
for the good news.

[Kasabus]

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?

That's right, BSC is pumping because investors are shifting to BSC from ETH platform, soon if BNB will reach $1,000, I'm sure ETH team will panic, so they should deliver the ETH 2.0 and make the transaction cheaper, I like this way as the competition is getting better and it will make the entire ecosystem to improve more.

[MFahad]

The problem with Ethereum will be resolved with ETH 2.0. However, nowadays many people are also interested in the Binance Smart Chain. The case for Ethereum has been successfully completed by the Binance Smart Chain. both of them are currently in high demand. the spike in transactions at the BSC is proof that the interest of investors and users is quite high. both of them in the near future will dominate investments made by people because they already have faith

We are not sure yet ETH 2.0 will solve the problems, but yes,,, most likely POS will solve scalability but at the cost of security, who knows. We will not know until people are using it for a year without issues.

Binance Smart Chain is a hype platform that looks clean and good now. But are the quality of devs as good?

The only problem with Binance Smart Chain is that it is somewhat centralized in nature and therefore it will not be as good as a decentralized chain like ehtereum. If Eth 2.0 and other versions are unable to overcome short comings of ethereum, then i will look for cardano chain which is very fast and have less fee too.

[casperBGD]

~snip
The only problem with Binance Smart Chain is that it is somewhat centralized in nature and therefore it will not be as good as a decentralized chain like ehtereum. If Eth 2.0 and other versions are unable to overcome short comings of ethereum, then i will look for cardano chain which is very fast and have less fee too.

it is a problem, but also a feature
if you want to have decentralized service, than BSC is not for you, but if you want to earn money, then it is good to look at all possible solutions, and BSC proved as one that is good enough to earn money

with all said, one has to be careful when choosing where to invest, and analyze all outcomes before investment, always DYOR

[zaim7413]

There are still a lot more projects on Ethereum than on the Binance Smart Chain, despite the fact that the commissions on Ethereum are very high.

When the commission will decrease, can you at least imagine what can happen to this market? There will be more and more projects that have previously switched to the Binance Smart Chain.

Naturally, when there are still many projects running on the Ethereum network because as we all know that the Binance Smart Chain is a new network from Binance that is taking advantage of the good momentum when the commission on Ethereum has become expensive as it is now, and one more thing if the commission is on Ethereum has decreased so that it can run at a low cost, so projects running on the Binance Smart Chain will also run as intended.

[Farma]

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?

That's right, BSC is pumping because investors are shifting to BSC from ETH platform, soon if BNB will reach $1,000, I'm sure ETH team will panic, so they should deliver the ETH 2.0 and make the transaction cheaper, I like this way as the competition is getting better and it will make the entire ecosystem to improve more.

I'm pretty sure BSC could push the BNB price up to $ 1000 if ethereum doesn't take action at this point. quite a number of people complained and moved to the BSC. besides that, BSC also uses BNB as a fee and it's very cheap. The price of BNB is also continuing to go up, I feel that it's like using 2 coins. most of the DEX from Binance has high-priced coins. sooner or later, the BSC will expand.

[Cornia]

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?

Currently, due to the increase in Ethereum gas fee, many projects have switched to Binance smart chain. However, I think if the Ethereum gas fee is reduced, all the projects will launch on the ETH platform again. BSC's popularity will decline then.

[molsewid]

I think Ethereum will continue to be the best in cryptocurency history, although currently there are several projects that have recently switched to using the BSC because of one factor of transaction costs that's happening to ethereum right now. and this opportunity is actually taken advantage of by the BSC to attract users' attention and offer lower transaction fees. and if later the ETH transaction fees will return to normal then I am sure the new project will return to using the ethereum platform.

There is no doubt that Ethereum was and always a good cryptocurrency exist next to bitcoin but as of now i guess the main drawback of Ethereum was its gas fee and that is why in many new rising altcoin in the cryptomarket they can afford for now to use Binance Smart Chain that ERC. As what I have observed, the established altcoins are the one who can manage to use ERC but to those project that arises they uses BSC, I guess this issue should take Ethereum team seriously.

[Grim149x]

hmn ithink the bnb is only almost in 441 usdt thats why the fee charge is so low while the eth is 2k usdt thats why the gas fee is so high. but ithink some day if bnb hit price on 2k usdt there is posible the bnb fee will be rise too. idont know if iam right but that is posible.

[kenelmark]

hmn ithink the bnb is only almost in 441 usdt thats why the fee charge is so low while the eth is 2k usdt thats why the gas fee is so high. but ithink some day if bnb hit price on 2k usdt there is posible the bnb fee will be rise too. idont know if iam right but that is posible.

In terms of value, the two are very different now, but in terms of the costs that must be incurred by those who make transactions on certain networks, it seems that it depends on the network system policy as well, so in this case we can distinguish it through the Gwei number on ethereum which often changes in seconds, while on Binance it is not.

[sunny28]

Many people choose BSK only because there is a much lower commission than on the Ethereum blockchain, but I believe that this is not correct.

More projects are created on Ethereum, this is the best platform for creating smart contracts, and I am sure it will remain so. It remains to solve the problem with the commissions.

[Lantind]

I believe CZ and Vitalik Buterin are friends, but when it comes to the crypto industry they will compete. It is normal for them to compete,
because when they are already in work affairs, they must be professional by defending their respective projects. Until now I have seen BSC
as a very good alternative to Ethereum which now still has problems with high transaction fees. Although BSC offers much cheaper transaction fees,
it seems like many still use Ethereum. Because it is difficult to move when we are comfortable using Ethereum, Besides, I believe Vitalik Buterin is
aware of the problem of high gas fees on Ethereum. Therefore he and his team are definitely trying to fix it, we just need to be patient waiting
for the good news.

Competing normally in crypto is definitely okay for anyone, but on the other hand they can also take advantage through working together especially since they are both very good friends, so it can be very easy to carry out the plan they want, because between Ethereum and Binance still has its advantages and disadvantages in the crypto space.

[Amejoaquim]

Fee issue is indeed a big problem for ethereum.

If they don't improve their system, Binance will take the 2nd place very soon.

Let's see how good it gets when ethereum 2.0 comes out.

Very curious about eth 2.0, I think eth 2.0 gonna be LIT.

[FinneysTrueVision]

At this point Binance Smart Chain has gained a significant amount of market share that it will remain relevant for a long time. It still has a long way to overtake ethereum, but they are still continue to develop it and build projects on this blockchain. Ethereum will always be one of the most popular blockchains and if fees go down it will regain some of that market share.

[kenelmark]

Fee issue is indeed a big problem for ethereum.

If they don't improve their system, Binance will take the 2nd place very soon.

Let's see how good it gets when ethereum 2.0 comes out.

Very curious about eth 2.0, I think eth 2.0 gonna be LIT.

Yes, Binance could be in second place in the cryptocurrency ranking, but this is not going to happen anytime soon, because even though Ethereum is having issues with transaction fees on its own network, Ethereum is still very strong at the moment, so it needs more support for the token BNB in displacing Ethereum from second on the ranking.