ETH and BSC

[kevinzxz]

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, when the gas fees from Ethereum go down, then BSC will remain the same as now, because people are comfortable using BSC, so I am sure in the future BSC will be even more popular than now and of course that will make the price of Binance can increase very high in the future.

[imstillthebest]

maybe its more than the eth fee because binance is famous for its excellence but it must be the eth fee that helped the bsc  standout the most . we dont know if when is the time eth fees return to normal and it wont be in the next few months but if ever it returns there will a return of users that will happen too  .
bsc is a blockchain and binance dex is an exchange , i dont think they are comparable .
 they arent going to end the same

[martina14]

Nowadays, most of the new projects that arise here in crypto space are getting in under by BSC while the Ethereum is now on high charge transactions were a lot of the holders are complaining too much on it, while BSC taking advantage the opportunity to grab and embrace those new projects will adopt its platform.

[tippytoes]

Nowadays, most of the new projects that arise here in crypto space are getting in under by BSC while the Ethereum is now on high charge transactions were a lot of the holders are complaining too much on it, while BSC taking advantage the opportunity to grab and embrace those new projects will adopt its platform.

It is no doubt that BSC platform is attracting much interest these days. With still high fees under eth, it is not convenient to create project under this network anymore. People are complaining about high fees. Whereas, in BSC, it is still relatively cheap and I hope it will stay that way. However, we don't know what will happen once ETH 2.0 is fully deployed. Can they address this long running gas fee issues?

[elisabetheva]

I don't think Ethereum gas fee will be lower over the next few months. Maybe Ethereum gas will go down if crypto enters a bearish moment. It'ss quite difficult for us to use the gas fee below 20 gwei.

Yes, BSC can be an alternative for dev to make a project. But, that won't change that Ethereum is still number one chain to work with.

Yes, my friend, the dilemma of ethereum will be predicted that in July there will be an update and we cannot conclude that there will be an impact on the gas fee that has been in question.
with prices that almost all the best coins are quite high, it is difficult to expect costs to be lowered, because the traffic that is a problem is clearly difficult to reduce.

a lot of things have been done by Devs to change their platform when creating new projects and it has happened at this time, but this is a good breakthrough at least there is a comparison to be used as an alternative. Although unlikely to change all, so as not to depend on ethereum, as you say. because it still takes time for all to adapt to the changes that will occur.

[Dexion]

It is no doubt that BSC platform is attracting much interest these days. With still high fees under eth, it is not convenient to create project under this network anymore. People are complaining about high fees. Whereas, in BSC, it is still relatively cheap and I hope it will stay that way. However, we don't know what will happen once ETH 2.0 is fully deployed. Can they address this long running gas fee issues?

If this is left for a long period of time without clarity, the lure of ETH 2.0 which can cut this high gas cost will get a bad response even many people will doubt the inj, other coins have started to move to take advantage of the existing problem At ETH, we still have high hopes for the ETH team to immediately resolve this problem and not linger without clarity.

[bitgolden]

In general, we can observe how Binance is now taking advantage of the situation and expanding its network with an advantage in low commissions.
I think everything will depend on how widely Binance can penetrate and spread in the crypto world. The wider the BSC network, the more likely it is that a decrease in commission on the Ether network will not entail a strong outflow of people and transactions from the network.

We should also note that the only reason why people use BSC is not because the fee is lower, it was the reason why people "start" using BSC but they do not have to keep using it if they do not want to, because they may not like what they see.

Realize that Tron is a lot cheaper than binance for example because it is nearly free and very very tiny amount (like under 1 cent) for bigger deals, so it would be very normal for TRC20 projects to go super high as well by that logic, but it is not and people are not using it, so that means it is not all about fee, if it was just about lower fee everyone would have used tron and nobody would use eth or bnb.

However people did preferred BSC, so why did they? Of course fee played a role but I believe it should be noted that Binance paid nearly 10+ million dollars to people to build good projects, pancake got millions from binance for example, and binance provided liquidity as well. So, it is obvious that Binance is working hard to market their BSC as well.

[TelolettOm]

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

[TastyChillySauce00]

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

I personally think BSC growth and transactions rate gonna be disrupted by ETH 2.0 if the devs really proven to solve the problem around july,
it's just undeniable that ETH is superior (IMO) due to it being truly decentralized. Big projects that revolves around creating Dapps or in decentralized technology definitely gonna prefer ETH than BSC by a lot.

[Wildwest]

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.

[sunny28]

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.

This will continue, but Ethereum is the most convenient platform for creating your own smart contracts, so I don't think that all projects will switch from Ethereum to Binance, this is nonsense.

Later, the price of gas will decrease and the projects will move back, because Binance is not the most convenient platform for this!

[Pom_bensin]

BSC apart from having the advantage of a low gas cost network, BSC also has a good trading volume, supported by a large binance exchange, indicating that currently BSC is one of the choices for crypto lovers. but even so ethereum also remains an idol for crypto lovers

[Lantind]

Ethereum seems too relaxed in dealing with this cost issue, even though there are many hopes that ethereum will soon wake up from its sleep and take the opportunity to show its quality, here binance is smart, they are taking advantage of the momentum over the cost complaints from eth that have not been resolved.

Yes, and in fact, if we examine in depth, currently both of them are almost profitable, because Ethereum can still get money through expensive transaction fees on tokens that only run on the Ethereum mainnet, while Binance has been able to attract some Ethereum users to the BSC mainnet through the use of that excellent moment.

[poodle63]

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 depends on the user if what they are going to choose. Also, I don't think if Ethereum gas fee will have a chance to go down like before. A high gas fee of Ethereum is really annoying that's why we need BSC now.  If one day the gas fee of Ethereum will decrease to much, we will know if who wins between the rivalry of Ethereum and BSC.

I think to get the gas fee to be normal again the dev really need to come up with some way to make the average gas price even lower than it was before the bullrun now that the price of each ETH already sky rocketing it affects the gas price too when seen from the value of dollars.
Maybe the gas price could be reduced to significant amount compared the current gas price but i'm sure tis gonna be higher than it was before bullrun, just expecting the worst.

[leea-1334]

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?

[Mulann2]

BSC apart from having the advantage of a low gas cost network, BSC also has a good trading volume, supported by a large binance exchange, indicating that currently BSC is one of the choices for crypto lovers. but even so ethereum also remains an idol for crypto lovers

No question that Ethereum is still good for investment regardless of their gas fee problem but we most admit that contributed to BNBs gains but nonetheless, the BSChain has and still doing many good things, Gas fee continues to lower even as the price Increases


You can read the tweet here

lots of projects continue to list or migrate to BSC making it even more popular and creating a wide adoption. Some exchanges only offer either spot and some only Futures trade and Binance offer both and there are many more features to exploit on Binance Chain.  

[Tigerheart3026]

Binance is a massive exchange company and customers have no question about their trust. Binance smart chain mainly focused in network fee, people's like to use for small gas fee 5-7 gwei and it's decreasing day by day, on the other hand there is no sign of reduce in ethereum chain and dosen't seem to less easily in the few months.

[ven7net]

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 believe that time will tell what will happen next with BSC, but now we see that Ethereum is losing some of its clients and this is certainly very bad. However, if very soon the price of commissions in the ETH network becomes lower, then this will be able to stabilize the situation around ETH and may well push the price of ETH very high. This is a great opportunity for BSC to get more clients and recognition from the crypto community. As I said at the very beginning, time will show what will happen to BSC and what fate awaits this network.

[repear7]

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.

[hamba laeh]

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 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.