ETH and BSC

[cafee_orange]

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?

in my opinion, bsc remains the top choice of many people, because most people choose to stay in bsc because they know the future of bsc, there are many discussions that say the future of binance is very good. I think the increase in the use of BSc has occurred since the cost of eth gas has risen, from then on most of the eth users have switched to BSC

[kenelmark]

You are partly right - after the Bitcoin correction, the entire market goes to the correction as well. But many investors at this time do not withdraw their funds directly to the USD, but pour them into such coins as Ethereum. This is what we see now. In the short term, Ethereum will hold its high position. But if Bitcoin continues to fall, Ether will not be able to resist.

The market benchmark is very clear, because when Bitcoin experiences a correction, all the Altcoins that are under it will also experience a correction, including ETH and BNB so that some investors take advantage of this by buying both at lower prices, because basically they also want profits in every market condition

[SistaFista]

We cannot ensure that the Etherium Fee Price will return to normal as before. but still BSC is growing day by day and more and more people are using BSC and forgetting about ETH. Although not all of them. It's not easy to suddenly abandon something if it has found the best. even though the ETH Fee Price has decreased I think the BSC will still be used and survive

Look here : https://etherscan.io/gastracker, currently the gas fee of Ethereum is very low, < 50 gwei now.
I think people will come back to Ethereum blockchain once the gas fee not too high. BSC will survive of course, but Ethereum network still preferable by many cryptocurrency projects if the network.

[arabspaceship123]

It's difficult to see any competitors take space away from BSC and ETH, they won't be able to make inroads soon because they're too big. It'll be good for competition when others force their way in to equation until that happens they'll carry on trying to outperform each other.

BSC is centralised but it's compatible with ETH tokens, it's got advantages being easier for Binance users view Launchpad for buying IEO tokens. This fight isn't over it's a long fight between BSC and ETH.

I am also not saying that this battle is over, and when a centralized BSC is compatible with ETH tokens, then it can be concluded that the BSC founders and ETH founders are in fact very good friends to gain mutual benefits.

[Lantind]

It's difficult to see any competitors take space away from BSC and ETH, they won't be able to make inroads soon because they're too big. It'll be good for competition when others force their way in to equation until that happens they'll carry on trying to outperform each other.

Yes, that is clear because in general every token always wants to be superior to others so normally they all compete in the crypto space, but we also have to see that competing ETH and BNB is not an easy thing to do as well as BSC who wants to superior to ETH, obviously they will have to work harder on this.

[Koro-Sensei]

And despite all the obvious problems with Efir, with his huge commissions on the network, today he again updated the ATH. For me, this is an incredibly amazing result. Although, to a large extent, this can all be due to the fall in the price of Bitcoin. And BTC holders are pouring their funds into assets that are still growing. But alas, it may not last long.

The benchmark for resilience is whether or not the price of Bitcoin is high, because the decline in the price of Bitcoin will always affect other tokens in the market, and this has been found very often by everyone, even now we can all see when Bitcoin was corrected, so others also followed.

You are partly right - after the Bitcoin correction, the entire market goes to the correction as well. But many investors at this time do not withdraw their funds directly to the USD, but pour them into such coins as Ethereum. This is what we see now. In the short term, Ethereum will hold its high position. But if Bitcoin continues to fall, Ether will not be able to resist.

There are no connection with the fall of neither one to each other. One must hold its price even if the other ones having a hard time and if Bitcoin falls to 40K$, I believe ETH's price will not be affected due to the fact ETH is slightly becoming stronger than BTC.

[Atang Sulaeman]

for the time being, many have changed direction from ETH to the BSC network,
but the trentd will change again if the costs incurred by ETH come back small,
everything is just the right time, and for now it is more profitable than ETH or BSC. .

[kenelmark]

There are no connection with the fall of neither one to each other. One must hold its price even if the other ones having a hard time and if Bitcoin falls to 40K$, I believe ETH's price will not be affected due to the fact ETH is slightly becoming stronger than BTC.

ETH did not fall on a large scale, but when the market correction occurred like a few days ago, ETH still experienced a decline even though it was a very small percentage, unless you didn't see the market correction at that time, now almost 60% of the market conditions are related to the price Bitcoin, so when Bitcoin is corrected, others will always follow it even though in a different percentage.

[deepblue01]

i don't know. but i think as long as BSC network fee are cheaper than ethereum.
they will keep using it and it's really hard for ETH to beat BSC network fee.
90% possibility BSC network fee will remain cheaper than ETH

[Asgard124]

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?

You are right. But do you think the hype will die down? Well, I think not. Because BNB being the bedrock of BSC is beginning to gain momentum. So the hype behind BSC will continue as long as BNB exists

[suryogandul]

maybe the BSC effect will decrease when the ETH fee decreases. so I don't think the BSC trend will last long at the top, ETH will still be one of the BSC rivals in crypto platforms

[criket]

maybe the BSC effect will decrease when the ETH fee decreases. so I don't think the BSC trend will last long at the top, ETH will still be one of the BSC rivals in crypto platforms

when more and more people feel cheated by the new BSC project that looks pumping then they disappear. then it's time for the BSC to take a break.
And as you said, the adoption of new projects may come back to ethereum as transaction costs have started to decline. it is not as good as the BSC, but you can see for yourself how ethereum tries to protect the interests of its traders.

[Koro-Sensei]

maybe the BSC effect will decrease when the ETH fee decreases. so I don't think the BSC trend will last long at the top, ETH will still be one of the BSC rivals in crypto platforms

when more and more people feel cheated by the new BSC project that looks pumping then they disappear. then it's time for the BSC to take a break.
And as you said, the adoption of new projects may come back to ethereum as transaction costs have started to decline. it is not as good as the BSC, but you can see for yourself how ethereum tries to protect the interests of its traders.

I dont know how did you say that BSC projects are far more susceptible to scam. They aren't and in fact if the project launch in Binance, they could recover all the money just like what they did before with the exit scam happened there. BSC network is far more superior as of now in compare with Ethereum due to the fact that ETH's fee is quite too high GWEI. Furthermore, as scam are compared to two networks, I believe there are countless scams happened to ETH network.

[Lantind]

maybe the BSC effect will decrease when the ETH fee decreases. so I don't think the BSC trend will last long at the top, ETH will still be one of the BSC rivals in crypto platforms

And now the gas costs on the Ethereum network have also started to decline and at the moment it doesn't have any effect on the BSC either, this means they are running on a different network model, so the effect is very small.

[Samurai trieng]

Etherem and binance are the same altcoin, have a very bright future in crypto, this can be seen from the growth experienced by these two altcoins, and currently ETH and BNB are competing to be the best, and I admit that this time ETH is a little dim  its popularity due to higher fees than BNB,

[aTriz]

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?

first of all I don't see that Eth gas fee are going lower in near few months. I don't think they'll ever go lower now. maybe when the Eth 2.0 fully launch with all the features then the fee could reduce. and once that happens then yes. BSC could not stand against Eth blockchain. because Eth is a real blockchain with real technology behind that. and BSC is just a clone of that. right now it is only getting mass adoption because of large eth fee. unless binance team add some very cool features to that.

[AhmadM]

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?

first of all I don't see that Eth gas fee are going lower in near few months. I don't think they'll ever go lower now. maybe when the Eth 2.0 fully launch with all the features then the fee could reduce. and once that happens then yes. BSC could not stand against Eth blockchain. because Eth is a real blockchain with real technology behind that. and BSC is just a clone of that. right now it is only getting mass adoption because of large eth fee. unless binance team add some very cool features to that.

Have you heard about the EIP-1559 update (aka London hard fork) before? If the event isn't postponed then the ETH devs might deploy it in July. On that hard fork, ETH devs would change the method from supply/demand auction-style to standard rate which would be set by the network itself. I guess it would able to decrease the current average fees on the ETH network even though I'm not too sure it could be lesser than the average fees on BSC, here's the article's link.

[oprahwindfury]

Basically the nature of the tokens that are on the Ethereum network consistently has an incredible cost at dispatch. also, the other way around, the greater part of the tokens or coins that are under the BSC network consistently have a value that can be reached by all little merchants. what's more, I concede that I as a little merchant is significantly helped by the expense of the BSC organization.
nonetheless, quit worrying about discussing the expense of GAS there will be no closure, not even we can squeeze the Ethreum dev. which is sure later on development of Eth will resemble Btc, development of Bnb will resemble Eth. what's more, Btc stays the pioneer most importantly. you just need to have every one of the three, even in little amounts.

[poodle63]

for the time being, many have changed direction from ETH to the BSC network,
but the trentd will change again if the costs incurred by ETH come back small,
everything is just the right time, and for now it is more profitable than ETH or BSC. .

Excepts that's not really likely to happen, many people are already enjoying BSC and all the pump and dump coins there and it seems they gonna be hesitant to come to ETH again, even BNB itself hyped by many people. Now that ETH gas fee has already decreased by a lot I don't really see the people who have migrated coming back to ETH again but honestly it's a good thing, just let the traffic spread across the top coins, that way none of the coins gonna have network congestion. It's not like ETH gonna lose its position as 2nd top crypto by market cap anyway because BNB always burning their coin thus losing the market cap.

[bittick]

maybe the BSC effect will decrease when the ETH fee decreases. so I don't think the BSC trend will last long at the top, ETH will still be one of the BSC rivals in crypto platforms

when more and more people feel cheated by the new BSC project that looks pumping then they disappear. then it's time for the BSC to take a break.
And as you said, the adoption of new projects may come back to ethereum as transaction costs have started to decline. it is not as good as the BSC, but you can see for yourself how ethereum tries to protect the interests of its traders.

Really really doubt that, people never learn, same with shitcoins or any other scam projects that did rugpull or an exit scam, there's reason why even to this day those kind of project still exist because people in general like to make quick buck even at the cost of luring other people into their demise. Same thing with all the hype with the swap or defi projects that are in BSC many of them have no real innovation at all but could get pumped like crazy, people gonna think that those are treasures or a way for them to get rich quick but actually it's just robbing other people of their money because the obvious pump and dump scheme, but trust me, those people more likely gonna do that again and fall to be another "repeated" victim of these scheme.