ETH and BSC

[touseefahmad1999]

Both Project are working separately and huge potential you can never expect due to high gas fees ethereum fundamentally are very strong. at this moment eth gas high therefore mostly project are being switched on bsc or binance smart chain. both have working on differents contracts, after after eth 2.0 will launched fees will be rapidly decrease. eth sometime take long time to complete the transaction and bsc according very less time to complete this action .

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[Ghondronk]

Both of these have shown some better results in last few months. It's true that the high gas fees on Ethereum network has made investors get attracted by the BSC. If you look at the future, the biggest event which will happen in weeks' time is the launch of NFT market powered by the BSC. So that will have a positive impact on BSC and I believe that it will start to perform better than ETH in near future.

[arabspaceship123]

It's credit to BSC for doing well since it was created but ETH isn't going to be beaten by it any time soon.

It is definitely worth investing in both projects. If only because the BNB showed growth that no one expected from the coin. And who knows what other trump cards are hidden in the sleeves of the Binance management.
Diversification should be at the forefront. Given the growing competitive tensions, both projects can generate excellent profits, as their struggle seems to be just beginning.

I think this is a little different because ETH has already developed and has also made very good progress beforehand, in contrast to BNB which has just been trending in the last one year even though its age in the crypto space has also been quite a long time.

[Coconut47]

Yeah that's right, because ethereum fee right now very high, nowday bsc is a good solution

[ogundowotoby01]

A lot of people and project are mainly switching to Binance smart chain because of the Ethereum transfer fee. I think, if Ethereum should do their upgrade and reduce the gas fee, BSC would suffer because ablot of these project would run back to Ethereum network, because it is more secured than BSC

[hulla]

First of all, Ethereum 2.0 is launched but have about 4 phase and if I could remember correctly they currently in the second phase.

Thanks, when will be the third phase?

According to the roadmap, the next EIP 1559 will be activated in two months, in July 2021. As far as I understand from the post on their official Twitter, the third phase of ETH 2.0 will be implemented straight after the "London" hardfork.

Oh. I guess I miss that because of the Ethereum team skipping some days set for the execution of some part of the ETH2.0 upgrade and not keeping their promises.
Speaking about the EIP 1559, I thought I read that the Ethereum miners are against the suggestion?
Do you have the link to the updated roadmap?

[deepblue01]

First of all, Ethereum 2.0 is launched but have about 4 phase and if I could remember correctly they currently in the second phase.

Thanks, when will be the third phase?

According to the roadmap, the next EIP 1559 will be activated in two months, in July 2021. As far as I understand from the post on their official Twitter, the third phase of ETH 2.0 will be implemented straight after the "London" hardfork.

i see.... that's why so many people excited for that. many people buy ETH not because of network congestion.
if EIP 1559 will function as intended. base fee will be burned. it will be more superior than BSC

So the problem is
do you think ETH 1.0 will stay because miners refuse to let it go?

[Lantind]

It's credit to BSC for doing well since it was created but ETH isn't going to be beaten by it any time soon.

Yes, none of them can beat ETH at this point, including new tokens, because ETH has been much stronger since then until now, so it is increasingly difficult to be surpassed by other tokens at this time, talking about Gas costs, Bitcoin it is also much more expensive in this respect, but is that why everyone has to say that Bitcoin is bad? 

[rajakulam]

Seeing that the current price of ETH is increasing, it is unlikely that gas costs will go down like it used to be, and now many new projects are starting to switch to using the BSC network, I also hope that there will be other alternatives to overcome the currently too high gas fee costs.

[ahmia39]

Seeing that the current price of ETH is increasing, it is unlikely that gas costs will go down like it used to be, and now many new projects are starting to switch to using the BSC network, I also hope that there will be other alternatives to overcome the currently too high gas fee costs.

Yes, and the new project developers who are using the BSC network for their tokens are just minimizing excessive gas costs when token distribution is done, so they prefer the BSC network over the ETH network, which however won't make ETH any worse.

[Dread Pirate Roberts]

BSC is usefull for many new coin based on eth token and bsc system . their coin its really impact some many coin so from my prespective ETH its the way token created and BSC how the token manage to survive and enter real crypto market . both had impact so this 2 coin its great option coin to invest, i believe there is still many feature they still working on.

[kenelmark]

Yeah that's right, because ethereum fee right now very high, nowday bsc is a good solution

The solution only makes it easier for everyone in terms of transactions, but when it comes to trading,
I think Ethereum is still very profitable than the tokens in the BSC.

[shushu9977]

Yes, the gas fee of Ethereum is so high, I think, that`s way, binance smart chaina(BSC) is selected many projects. Ethereum gas is not going low in this year. So, binance smart chaina(BSC) is good for important projects because of it`s gas fee. I think, next year, BSC will remain the better option over ethereum.

[Lantind]

Yes, the gas fee of Ethereum is so high, I think, that`s way, binance smart chaina(BSC) is selected many projects. Ethereum gas is not going low in this year. So, binance smart chaina(BSC) is good for important projects because of it`s gas fee. I think, next year, BSC will remain the better option over ethereum.

In terms of network and gas costs, it is clear that BSC is still very good to be chosen by most new project developers because for now the transaction gas fees in the ETH network are still in the range of $ 13 to $ 16 for a single transaction, so it is clear that BSC makes it easier for new project developers instead of having to use the ETH network which will incur excessive costs.

[deepblue01]

It's credit to BSC for doing well since it was created but ETH isn't going to be beaten by it any time soon.

Yes, none of them can beat ETH at this point, including new tokens, because ETH has been much stronger since then until now, so it is increasingly difficult to be surpassed by other tokens at this time, talking about Gas costs, Bitcoin it is also much more expensive in this respect, but is that why everyone has to say that Bitcoin is bad?  

Ofcourse. Back in 2017 i remember when i want to move some satoshi to another exchange,
because transaction fee is very high so i decide not to use bitcoin blockchain to move my fund instead i have been using altcoin to move it.

Then how about if you just want to buy couple hundred $ ETH token in dexswap and it will cost you more than 50$.
After knowing that, do you still want to buy with extra 5-20% fee for ETH token?
Hell noo

Yes, the gas fee of Ethereum is so high, I think, that`s way, binance smart chaina(BSC) is selected many projects. Ethereum gas is not going low in this year. So, binance smart chaina(BSC) is good for important projects because of it`s gas fee. I think, next year, BSC will remain the better option over ethereum.

In terms of network and gas costs, it is clear that BSC is still very good to be chosen by most new project developers because for now the transaction gas fees in the ETH network are still in the range of $ 13 to $ 16 for a single transaction, so it is clear that BSC makes it easier for new project developers instead of having to use the ETH network which will incur excessive costs.

Ya, the fees is quite low today. Maybe because we are going down

[impulse709]

I don't think ETH gas fees will lowes in the near future. But I believe when BNB price is equal to ETH price, the gas fee of the BSC network no longer be as low as current. Gas BNB can be equal to or higher than gas ETH.

[wallet4bitcoin]

Ethereum is decentralized and Binance is centralized. Decentralized is more trusted then centralized. Personally I want to choose decentralized platform. Transaction fee of eth is high. But Sometimes, I  can see less transaction fees (Less then $3) in ethereum network. I think it will reduce and and popularity of eth will increase more.

[Lantind]

Then how about if you just want to buy couple hundred $ ETH token in dexswap and it will cost you more than 50$.
After knowing that, do you still want to buy with extra 5-20% fee for ETH token?
Hell noo

If you want to buy ETH, it doesn't have to be on the dexswap exchange, because ETH is already on many popular exchanges where everyone can buy it at will, except that ETH is only available on the dexswap exchange and nowhere else, so use your eyes to see many exchanges and also use your brain to analyze every token that is already on the exchange including ETH. 

[sumant]

ETH and BSC two biggest project of this era. You can called them as biggest enemy as well. ETH at all time high but causing some difficulty in transferring eth network tokens. On other hand BSC fees are very cheap and BSC prices are going up. I am sure that BSC will be over eth because BSC team is doing so many things to up this project. In eth network fees are increasing with the price of eth thats is the reason some project transferring from eth to bsc network.

[apityeh71]

Competitor of Ethereum not only BSC, in the market now there are alot of better smart contract platform that has low fee and high TPS.  I dont know when gas fee of Ethereum will reduce, and since this problem does not fix yet, I prefer to use other one because I dont want to pay transaction fee above 3% of my balance. Not only BSC have low fee transaction but others  like Solana and Matic also.