ETH and BSC

[Republikcoin.com]

Why do many people make comparisons from one side only, Gas fee. If eth interest in trading is waning, then why hasn't eth network token trading volume decreased despite high gas fees. I am also interested in BSC but do not agree that gas fees are the main difference between these two top coins.

Trading volume increases because many people prefer to staking ETH to welcome eth 2.0, so that there will be fewer circulating ETH coins which causes ETH prices to be very expensive.

This high price affects the amount of daily trading volume in USD, where when the price tends to increase, the daily trading volume will also tend to increase (based on the USD rate).

For end users, transaction fees are a consideration when making transactions. That's because fees are the first thing that has an impact on community needs. That is why many immediately decide to move to BSC because of the fee to carry out activities at DAPPS.

[Desscount]

Well I guess BSC will remain better option because the eth gas fee will go high sometimes. The gas fee is getting lower now but we don't know that in the next days it will go high again. The problem is still remain so hopefully in the near future the gas fee of eth will resolve.

Yes, at this time Gas costs on the Ethereum network are not stable and still often experience sudden increases and decreases as well, so there are still many people who use the BSC option in terms of transactions for lower fees.

Indeed, until now this is still a problem in itself for ethereum,
who knows how long it can be stable because it becomes a concern for everyone like him,
I hope his team can get over that soon and let's see what happens next

[SarangWallet]

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 Ethereum blockchain is still running smoothly, if we take a look at Gwei. Current Gas Costs with previous ones are still the same. Gas fees are taken from the total Ethereum balance. When the Ethereum price is $ 150, the standard gas cost is 0.002, when the Ethereum price reaches $ 3500, then the standard Gas cost is 0.002. And why the current fees are considered expensive, because the price of Ethereum is expensive.
The current BSC can provide a solution to this problem, with low transaction costs.
If the BSC chain is used by multiple platforms, there is a possibility that the transaction fees will also be higher, and will be followed by a high BSC price. That is, don't look at the transaction fees based on the dollar exchange rate, but look at the transaction fees based on the exchange rate with the coins themselves.

[kenelmark]

Indeed, until now this is still a problem in itself for ethereum,
who knows how long it can be stable because it becomes a concern for everyone like him,
I hope his team can get over that soon and let's see what happens next

Don't ever hesitate with tokens like Ethereum because tokens that have been popular for a long time and have been very strong in the crypto space will always provide very useful surprises, you can see how many people have benefited through Ethereum tokens even though the Gas fees on their platform are not yet stable until now.

[Lantind]

It seems to me that the cost of transactions will increase along with the increase in the value of coins and this applies not only to Ethereum. The same situation can be observed on the Tron platform, when the cost of transactions has risen from one Tron to 10 Tron. I am sure that the situation will be the same with regard to BSC. Nevertheless, today it is very profitable to transfer Ethereum using BEP20.

True, in general the value of the Gas fee will always have an effect on the unit value of the token itself, because the expensive or the low cost will be seen in the token price in the market, so everything will be almost the same as Ethereum.

[Kayum10029]

Ethereum and bsc the same address/ contract but the main difference between two plafrorm is one need Ethereum to transfer ERC 20 assets and another need Binance coin to transfer Bep 20 assets.

[Benefactor]

Ethereum will lose interest by most merchants and change to the BSC networks since most concerned now is the exchange charge of Ethereum which is high. The whole chain is leveled out of Binance and the hubs are controlled by outsiders which are constrained by Binance. A total change to the Binance Chain would mean for a task or organization to be in the grip of Binance which is a business hazard.

[kenelmark]

Ethereum and bsc the same address/ contract but the main difference between two plafrorm is one need Ethereum to transfer ERC 20 assets and another need Binance coin to transfer Bep 20 assets.

Yes, the smart contract is the same, but what distinguishes the two is that they run on different networks so that it also makes a difference in the transaction fees that each user must incur.

[jinxing]

BSC is still the best choice because it has advantages in handling the cost of gas which is quite expensive compared to Ethereum, but it is too early if Bsc is able to beat Ethereum. BSC is becoming popular because almost all current projects take advantage of the features of the BSC

[ahmia39]

BSC is still the best choice because it has advantages in handling the cost of gas which is quite expensive compared to Ethereum, but it is too early if Bsc is able to beat Ethereum. BSC is becoming popular because almost all current projects take advantage of the features of the BSC

That's right, and what the project uses are only cheap gas costs, while the other features don't seem to exist, because in general Ethereum is still better than others even though the cost problem has not been stable until now.

[aakay]

The question is how soon will eth fix the transaction issue, and if they do, will projects be willing to switch back to their network or will they find BSC more enticing than eth network

[SquallLeonhart]

Ethereum will lose interest by most merchants and change to the BSC networks since most concerned now is the exchange charge of Ethereum which is high. The whole chain is leveled out of Binance and the hubs are controlled by outsiders which are constrained by Binance. A total change to the Binance Chain would mean for a task or organization to be in the grip of Binance which is a business hazard.

Yeah, we need to maintain decentralization. Even, ethereum's high fee for transaction is a concern, I do not want to get into something which is being controlled by big corporate people. I just want to be in the hands of some technical people as devs who might form a foundation like how bitcoin foundation is doing, to take care of dapps things rather than making binance as hub for each and every aspects of this crypto space.

But, in near future BSC may overtake ETH by providing better scaling to new and existing projects. But, at least in long run I wish to have more competitors for BSC so that we can maintain some decentralization for a healthy environments in altcoin space.

[Taufik blackspade team]

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.

This could have happened if the effect of the launch of ETH2.0 did not really make ETH better, plus if more investors switched from ETH to BNB with the initial reason as an alternative while waiting for problems to be resolved at ETH finally felt more comfortable being in the BNB ecosystem, because that is one of the reasons for the growth of BNB today.

[BitTraderCute]

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.

This could have happened if the effect of the launch of ETH2.0 did not really make ETH better, plus if more investors switched from ETH to BNB with the initial reason as an alternative while waiting for problems to be resolved at ETH finally felt more comfortable being in the BNB ecosystem, because that is one of the reasons for the growth of BNB today.

maybe ethereum core team now thinking hard , how to solve this main problem. with this gas transaction fee , ethereum really didnt hostile with retail traders. its take much money from single transaction , and people stress when face it. binance team very smart they know the opportunity behind this problem and developt bsc with los fees.

[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

ETH doesn't have to bother to beat BSC in terms of costs because they run on a different mainnet and also ETH is still in a higher position than BNB so it's not a big problem for ETH even though 90% of ETH users are already using BSC to minimize costs exaggeration, but on the other hand ETH continues to experience very good price increases now and will even approach $ 3000 in a single unit soon.

Ya.... ETH has many advantage than BSC reminding that ETH is the first smart contract platform and bitcoin is the first blockhain.
Which one to be first that's will be the one in the top rank. Btw i am not defending BNB/BSC in this case, I'm just saying that BSC has other advantages besides ETH

[ahmia39]

This could have happened if the effect of the launch of ETH2.0 did not really make ETH better, plus if more investors switched from ETH to BNB with the initial reason as an alternative while waiting for problems to be resolved at ETH finally felt more comfortable being in the BNB ecosystem, because that is one of the reasons for the growth of BNB today.

Yes, but if everyone who is still in the ETH ecosystem won't feel comfortable? even if the price of ETH is close to the $ 4K mark for one unit? I wonder why so many people flatter BNB's high just because of the low cost issue, while ETH has continued to have a very good boost to date, but there's nothing to flatter about it.

[daenarys_stormborn]

it is true that BSC gas fees are cheaper than ETH gas fees, but ETH managed to reduce their gas fees to be cheaper than before, this had a huge impact on ETH, ETH prices immediately shot up to 3800 $, but even so the BSC gas fees were still more cheap

[deepblue01]

This could have happened if the effect of the launch of ETH2.0 did not really make ETH better, plus if more investors switched from ETH to BNB with the initial reason as an alternative while waiting for problems to be resolved at ETH finally felt more comfortable being in the BNB ecosystem, because that is one of the reasons for the growth of BNB today.

Yes, but if everyone who is still in the ETH ecosystem won't feel comfortable? even if the price of ETH is close to the $ 4K mark for one unit? I wonder why so many people flatter BNB's high just because of the low cost issue, while ETH has continued to have a very good boost to date, but there's nothing to flatter about it.

Why so many people flatter BNB's high just because of the low cost issue??
The cost means everything for retail trader, it's also help the blockchain adoption.

Just like bitcoin. In term of quality ofcourse ETH is number 1 but in term of quantity(scalability) BSC still on the top.
Scalability problem on the blockchain is always an issue

[Rampagoe004]

Since the cost of Ethreum gas is expensive then many projects that use the BSC network because of the cheaper cost and very easy for us to use, but this is not a momentary development for the BSC network and this will happen even though later the cost of ethreum gas is back down, and I am very sure the two coins will continue to compete both from the price to cooperation with the bounty project.

[Smitty Werben Man Jensen]

This could have happened if the effect of the launch of ETH2.0 did not really make ETH better, plus if more investors switched from ETH to BNB with the initial reason as an alternative while waiting for problems to be resolved at ETH finally felt more comfortable being in the BNB ecosystem, because that is one of the reasons for the growth of BNB today.

Yes, but if everyone who is still in the ETH ecosystem won't feel comfortable? even if the price of ETH is close to the $ 4K mark for one unit? I wonder why so many people flatter BNB's high just because of the low cost issue, while ETH has continued to have a very good boost to date, but there's nothing to flatter about it.

I don't understand that myself, but I think only some people praise BNB alone,
Ethereum and BNB to me are promising and profitable coins,
and try to imagine if ethereum 2.0 is launched maybe it will affect the price we just wait for that moment