ETH and BSC

[ansarose1]

Many have earned a lot in investing ethereum coin in this year's crypto market, but i think if we discuss about the two coins here that the common they have is they are the same potentially capable for being good long term investments. However, ethereum network now makes big discrepancy on the gas fees transactions compared to BSC network.

[mumang siat]

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 is difficult for us to explain why BSC is the choice of people, Ethereum and BSC actually have the same function in crypto, but what distinguishes the two is only the cost of gas, even though both coins are coins that enter the top 10 in the marketcap, if you look at the potential, then both have a chance. the same in the future, without involving the high cost of gas and it all depends on the needs of the use, I think the gas problem is not a big enough thing in terms of usage.

[Gayong88]

Yes, that's right, the problem lies in the high gas fee that ETH users have to pay in terms of making transactions compared to BSC. I've also heard rumors that this will be OK with ETH 2.0. The question is, is it possible this year, or is it finished in 2022? In my view, if in 2 years it will be done, maybe at that time the BSC transaction would have been 100 to 200 times ETH.

[mumang siat]

Yes, that's right, the problem lies in the high gas fee that ETH users have to pay in terms of making transactions compared to BSC. I've also heard rumors that this will be OK with ETH 2.0. The question is, is it possible this year, or is it finished in 2022? In my view, if in 2 years it will be done, maybe at that time the BSC transaction would have been 100 to 200 times ETH.

The weakness of ETH is still at the gas transaction stage, which is very expensive, so people's decisions really depend on the cost of the gas, ETH 2.0 has also not been seen in reducing gas costs for transactions, while BSC has carried out several developments, if ETH development has to wait until 1 or in the next 2 years, it is likely that BSC will be increasingly in demand and this will make it difficult for ETH to achieve the improvement target.

[Lantind]

The fact that ETH fees are high at the moment doesn't make BSC any better. I can tell you the BSC network also would get congested with high increase in fees too if it gets to adopt like Ethereum blockchain.

The cost on BSC will be high if the price of BNB has gone up by around $1000, because what is cut when making transactions on the BSC network is BNB and nothing else so this is something that everyone should be aware of at this time so that when the fees feel high they don't make them users BSC became complaining about it.

[Sayeds56]

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?

There is no comparison between Ethereum and Binance network, Ethereum is the first block chain to introduce smart contracts in crypto space and still it remains leading block chain which is widely used for creating smart contracts, according to a rough estimate still 90% of contracts are created on Ethereum Block chain and most of  DEFI platforms and NFTs are also using Ethereum network . BSC is Replica of Ethereum network but its popularity has grown exponentially during past one year because of its lower Gas fee. The transaction fee on Ethereum network is very high  due to congestion and sociability issue.

[mumang siat]

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?

At present the best choice is still on Ethereum, many things that make transactions become easier and more affordable, although still high gas prices, the transfer of BSC is an alternative to those who make small transactions, so the costs needed are not too large, but we cannot confirm BSc will experience the same thing with Binance Dex, but BSc will be the best choice compared to Ethereum, if the cost of Ethereum gas cannot be reduced in conducting transactions.

[matchi2011]

If bnb offering us better facilities at this moment, then why shouldn’t people shift to the bsc blockchain??  People are really tired by giving hundreds of dollar swap fee on erc network! Although i notice some Change and fixing on eth blockchain but that isn't Enough for it if they want from their users to stay. Otherwise there is a possibility bsc will take ether place soon and eth may unable to handling their popularity

Actually, that's not the case bro, everyone doesn't have to blame ETH in this case because the amount of fees that must be incurred when making transactions on the ETH Blockchain is still the same, only the difference is that the price of ETH is getting more and more soaring so that it starts to feel on Gas transaction fees.
And I think this will also be the same if later the BNB price is already at $3000+, because the number of digits that must be issued through the BSC at this time is not much different from the number of digits in ETH, only because the BNB price is still below $500 which makes the Gas transaction feel cheap.

ETH success bring the fees to that level, and if following you with your sentiment then it's right if BNB also grow in value and the fees still the same, it will felt in fiat value the same way with ETH. It's the impression where people think that ETH asking for more though they are just succeeding and the amount of transaction fee still the same.

[matchi2011]

ETH success bring the fees to that level, and if following you with your sentiment then it's right if BNB also grow in value and the fees still the same, it will felt in fiat value the same way with ETH. It's the impression where people think that ETH asking for more though they are just succeeding and the amount of transaction fee still the same.

Your explanation is very accurate and I hope there are many people who can realize this, because some people still really like to make their own verdict without realizing that the verdict is wrong, but if they can realize this, it will be very easy to understand. if the fee really depends on the value of the main coin used at the time of the transaction, because the amount spent will remain the same, but the difference will be felt in the form of fiat.

Yes, people continue to have this wrong interpretations about high fees, if they just see or have the time to conduct investigation
from where the project came from then they will see that it was introduced in a small fees if converted to fiat but because of the
huge success the amount of fees increase simply because of its fiat value, make sure to assess and deeply understand the project and
you will see the best benefits.

[Jaered]

Maybe I now have the fortune of hindsight(which they say is 20/20) but then Ethereum gas fees isn't going to be lower anytime soon. Hell, its even getting crazier than before. I can't do any serious transactions on the ethereum network. All my shitcoins are stuck cos the gas fees are even worth much more than  the shitcoins

[bitcampaign]

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?

there may be many other alternatives to balance transaction costs on the ETH network, for example BNB BSc and even recently Matic polygon, some projects on the ETH network also have BSC and Polygon networks in their tokens considering that on the ETH network it is unlikely that they will looks cheap even though ETH 2.0 is implemented with a gas cost of 1 gwei it will look expensive at the current price of ETH, BSC and Polygon are not only competitors but can also be used as alternatives for blockchain projects on the ETH network can use other networks

[Wong Gendheng]

ETH and BSC are the most popular platforms today, it can be said that 65% of the market is controlled by ETH and BSC is still around 20%. ETH and BSC are like father and son, although the development of BSC is very rapid but to beat ETH I think it is very difficult, it takes a long time to beat ETH especially if BSC transaction fees continue to rise, users will return to ETH.

[imran101]

I could not agree with you. You said eth's gas fees would go down a lot in a few months. But what we are currently seeing is that the gas fee of eth is going up a lot more day by day. As eth gas prices continue to rise, its gas fees are likely to go above $ 1 in a few days. In this case, the place of choice and trust of all of us is the BSc network.

[kang_kung]

Though BSC has a strong network with so many use cases and massive backing from Binance, I still think ETH stands above BSC as a better investment right now and future. Don't know, just Binance can be quite shady sometimes because their business tries to jump on everything new and trending on the market which can cause a backlash.

[mafoja1]

I don't like it because the price of BSc is much lower than ether because I have received transaction fee now.
Has become a very popular coin. The popularity of ether from ether has decreased a lot now because their transactions are very much free of gas. This is the reason why it is slowly losing its popularity.

[budi691]

time will launch ETH20 Everyone thought the cost of GAS would go down and everyone hoped it would but what happened the cost of GAS ETH is still high,
and all switch to BSC it is a reasonable choice because the cost of GAS BSC is much lower than ETH,
BSC will continue to be the choice with transaction speed and low fees, and it is the right choice.

[Lordshiva]

High gas costs have recently been a complaint of many crypto enthusiasts including complaining about ethereum fans, but this is only natural because of the density of transactions carried out. In such circumstances, Binance will look for loopholes how to continue to provide the best for its holders in order to divert the attention of Ethereum holders to move in the binance space. because both tokens have reliable technology, in my opinion BSC and ETH continue to compete to find a better position.

[popeye95]

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?

there may be many other alternatives to balance transaction costs on the ETH network, for example BNB BSc and even recently Matic polygon, some projects on the ETH network also have BSC and Polygon networks in their tokens considering that on the ETH network it is unlikely that they will looks cheap even though ETH 2.0 is implemented with a gas cost of 1 gwei it will look expensive at the current price of ETH, BSC and Polygon are not only competitors but can also be used as alternatives for blockchain projects on the ETH network can use other networks

ETH 2.0 only lessens the amount of transaction fee but won't make ETH network being attractive against Binance Smart Chain or the new kid on the block like Poly or Sol. So the transition from ETH to other smart contract networks will keep going. Binance Smart Chain will surely make some gains from this.

[lepbagong]

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?

we can't turn a blind eye to events like this, maybe even more accurately not some projects move to binance anymore, but almost most who want to reduce high costs have and will definitely make that change.

because there is no other alternative to reduce the very high costs that may sometimes not make sense anymore. it has to be understood that the ethereum platform is getting reduced for most of the new projects and opting for binance and maybe with other platforms will also happen. as long as the ethereum platform doesn't change.

there may be many other alternatives to balance transaction costs on the ETH network, for example BNB BSc and even recently Matic polygon, some projects on the ETH network also have BSC and Polygon networks in their tokens considering that on the ETH network it is unlikely that they will looks cheap even though ETH 2.0 is implemented with a gas cost of 1 gwei it will look expensive at the current price of ETH, BSC and Polygon are not only competitors but can also be used as alternatives for blockchain projects on the ETH network can use other networks

yes, that's right, that balancing is done by using the binance platform and maybe it will be with other platforms if it can also reduce high costs.
all projects are competing to provide convenience for the project itself and project investors and bounty hunters, so that in carrying out their transactions later, they are not burdened with expensive costs if they force themselves to use the ethereum platform.

will not guarantee that even though eth 2.0 will be able to reduce high costs, because we know for ourselves that ethereum is currently high in value and will automatically affect all transactions, it will also be expensive, it's only natural that this will happen but everyone will also see how far it will be pushing the project will run well if it stays on the ethereum platform.

ETH 2.0 only lessens the amount of transaction fee but won't make ETH network being attractive against Binance Smart Chain or the new kid on the block like Poly or Sol. So the transition from ETH to other smart contract networks will keep going. Binance Smart Chain will surely make some gains from this.

maybe what you say can be accepted and makes sense, but what is clear is that more and more other platforms appear, of course there is a lesson and very profitable for those who want to run the project. because it can manage the situation that will likely occur with the alternative choices that will be used.

with many options available with the same good quality only distinguished by price, of course it will be used as a basis for determining where the project will be carried out on what platform. let them search according to the fundraiser that can be collected.

[Judrob]

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 am more than excited to see the final result of this powerful Paybswap DEX connecting Binance smart chain to Polkadot and Etehreum using bridge modules. BSC , Polkadot and Ethereum are the future of DeFI and Paybswap aims to connect them all in one place. That blows my mind off.