ETH and BSC

[CDC AP]

BNB would probably be overcome ETH in the next few years if ETH network would never fix this issues. I heard about Eth 2.0 fee's deduction versus the current one but as many of us knows, it would be as near as Binance network fees. BNB would probably be worth more market cap than eth in the next few years for sure.

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[Joshapat]

BNB would probably be overcome ETH in the next few years if ETH network would never fix this issues. I heard about Eth 2.0 fee's deduction versus the current one but as many of us knows, it would be as near as Binance network fees. BNB would probably be worth more market cap than eth in the next few years for sure.

Right, it's time for BSC to beat ERC which is expensive and slow, this is a new era that makes projects need to be dynamic, the big mistake of ERC is that it can't adapt to the times so it is now abandoned by many users and devs.

[OrangeII]

Eth's current high gas costs are actually very profitable for BNB. in other words, the lower gas costs of Bnb  itself provide more benefits. This is a consideration for some people starting to switch from Ethereum to use Binance smart chain.. Bnb gets more value for holders, because Bnb also  burn coins every three months. because the value of the coin is decreasing, it will add value to the price in the future..

I think, ETH fees are a problem for all of us in using ethereum, or ethereum-based tokens.
to be honest, if ethereum had a low fee, I'm pretty sure that BSC wouldn't catch up with ETH. however, because of such things, BSC became an alternative, and nowadays many people use it, and many developers are using BSC as their candidate platform. however, currently I still use BSC more often than ETH.

[nikola22]

Eth's current high gas costs are actually very profitable for BNB. in other words, the lower gas costs of Bnb  itself provide more benefits. This is a consideration for some people starting to switch from Ethereum to use Binance smart chain.. Bnb gets more value for holders, because Bnb also  burn coins every three months. because the value of the coin is decreasing, it will add value to the price in the future..

but what happen when ETH 2.0 gas fee also will be low as BSC? don't you think that many projects prefer ETH over BSC or maybe Binance will find options to attract users and developers?

[lepbagong]

Did you know that by using Paybswap you can exchange on BSC as well as using Polkadot substrate node to exchange on other blockchains with really low gas fees?

you are right, paybswap is a cross-chain automated market maker on Binance chain. paybswap is a decentralized application running on the binance smart chain, polkadot and ethereum blockchains. The basic trading functionality of paybswap comes directly from the pankcakeswap codebase.

We can also understand that every transaction using Binance to date is indeed a trend to use because transactions are fast and the fees are probably the cheapest at the moment. and almost all new projects are already using the binance platform which is to avoid high costs.

Is that all that can be done on Paybswap now? because the average person is still very happy to use Pancakeswap to exchange all kinds of tokens using smartcontrac from BSC so there is no need to look at anything else.

I think paybswap is an alternative or maybe it can be equated with pancakeswap. where every time there will always be updates from those on the system from swap. we know as well as those based on other platforms such as uniswap, so now the newest sokuswap is also appearing. usually there will always be improvements here and there in the swap system to make it easier and pleasing to the eye.

but the main goal is clear that what will be sought is of course the costs that will be charged, because the basis of the platform used determines what costs will occur. currently the swap based on binance will obviously be the alternative to be used because the cost is clearly cheaper than other platforms.
If you have the same platform, of course you will see the habits used and certainly don't want to move if there is no more convenience than the others.

[Anonymous100]

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?

The concept of BinanceDeX with BSC is of course much different. BSC is far superior to BinanceDEX. Every token developed from the Ethereum blockchain is also contained in the BSC, and vice versa. So even though ethereum fees return to normal, the BSC blockchain continues to run normally.

[kenelmark]

but what happen when ETH 2.0 gas fee also will be low as BSC? don't you think that many projects prefer ETH over BSC or maybe Binance will find options to attract users and developers?

It's just a possibility that could happen in the crypto space, but logically at this point anyone who uses an Ethereum wallet when transacting should be willing to give up his Gas fee of $40 more for a single transaction and this is something that would be impossible for them to afford which has very little capital.

[Sardel]

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 do believe that the crypto world needs both of these projects. Their pros and cons are obvious but they are really necessary in some aspects. So in my opinion they will remain the same in nature and improve themselves. Also some projects like Paybswap are trying to create bridge between them to make it easy for us to benefit from all of them. Paybswap is the first cross-chain AMM on BSC which is in line with Polkadot hype.  It connects BSC to other chains through Polkadot relay chain enabling fast and low fee cross-chain trades.

[Huppercase]

I don't have much to say on ether but it will be absurd to say that ethereum is better than BSc, many developers are running to place where they can have cheaper fee and cheaper transactions which ethereum is finding difficult to do for retailers and small investors. It has become so hard to even make a small Erc-20 transaction

[bamb]

Ethereum will have to fix the gas fee issues as many developers are still deploying on ethereum network.  In the mean time,  it will be nice and widely accepted I think,  if gas fee is deliberately lower for small transactions up to $1k. If lower transactions gas fee is lower like creating nodes and special validators for it,  bsc will lose most project!

[Jackl87]

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 all depends on the ETH fees in my opinion. If the Ethereum team manages to manage to make a smooth transition from PoW to PoS and everything works and intended and hoped then i think that we will definitely see a bigger adoption of the ETH chain for projects again. I don't think though that BSC will completely disappear again it will stay relevant in my opinion. It seems like a smart idea for new projects to have their token both on the Ethereum Network and also on the binance Smart chain network because that way you are very flexible and you allow your users to trade and to operate on your ecosystem even if one chain is not useable at the moment.

[pragna]

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 BNB will not mistake like ETH at this moment. BNB team knows the in and out of this market in this stage and hope they will continue their mission by defeating ETH and next time is coming for BNB time. BTW, there are huge another chain launching now in market and in future also will be more so we now have to see who can win in race.

[bigjuk]

People will chase small transaction fees with very good delivery speeds, Ethereum still has quite a long shipping lag and very large transaction fees until now. I prefer to use BSC until now but maybe there will be new things that will grow in the future.

Actually if someone is willing to give high fees for transactions on the Ethereum Network, then the delivery will also be faster, but until now no one is willing to do that if there is a better option like BSC, not only cheap in terms of fees, also fast in terms of delivery.

[armanhusni]

ETHEREUM is far superior to BSC, but the current problem for ERC20 users is the transaction fee, so many people say that Bsc has the advantage of low transaction fees. we need to understand that Many projects are created using the Erc20 Platform and that is an advantage of Ethereum. i am sure when transaction fee will be Normal then everyone will reuse ethereum Chain

[watergold]

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 BNB will not mistake like ETH at this moment. BNB team knows the in and out of this market in this stage and hope they will continue their mission by defeating ETH and next time is coming for BNB time. BTW, there are huge another chain launching now in market and in future also will be more so we now have to see who can win in race.

even so I think they will be hard to beat ETH especially for these years.
it's true that eth still can't improve in terms of gas but on the other hand their supporters are loyal.

on the other hand BNB is very good for now and indeed they will continue to improve over time, but to beat ETH the chances are difficult and slim for now.

[SolanaNFT2822]

 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.

[Cryptohub75850]

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.
 

[Fakhrulenclix]

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 not even if ETH has solved the problem BSC will still be an option maybe it will only decrease because some choose to reuse Ethereum.
The cost and speed of the BSC are the reasons people still choose to use it, regardless of the Etheruem that will follow suit.

[cryptosystem9963852]

BSC is centralized network and running based on PoSA so they can process more number of transactions per second than ethereum.

[Lantind]

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.

The understanding is this, Ethereum will still be big forever because it has a smart contract earlier so that it can be used by others including BNB before BNB has its own smart contract, namely BSC, so in general ETH will still be good even though the transaction fee is very expensive, and BSC will also not be bad as an alternative alternative to save transaction costs.