ETH and BSC

[yohananaomi]

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.

As long as ethereum costs continue to be high and there is no change it is no wonder that many people will look for alternatives as much as possible to find a fee that can be reasonable and there are no obstacles, many currently available that have been done by many crypto users and you are right in your word that not only bsc can do that.

but this is certainly a good thing because the alternatives that can be done are not just fixated on the ethereum platform. as long as the goal is to change and many are happy and willing to do so of course there is no problem. Although it may not be easy to change something that already exists into a new system and it takes time for that, if Ethereum has also returned, the costs are low, maybe everything will return to normal.

[deepblue01]

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.  

Sorry If you don't understand "ETH token", maybe i should write "ERC20 token".
And you just said that i have to hold every ERC20 token in centralized exchange because of gas fees?
Hell no, that's for youself not for me.

[kenelmark]

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.

Actually that is a very reasonable thing, because ETH has experienced a large increase in price so that the transaction costs will also be slightly higher, in contrast to BNB which runs on the BSC network because BNB is still quite cheap when compared to ETH so that the transaction costs will also be cheap, and this is clearly utilized by the new project developer in order to reduce excessive cost expenditures.

[ahmia39]

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.

True, the cost is only influenced by the unit price of the token itself, just like the transaction fees on the Bitcoin blockchain network when the Bitcoin price is at $ 60K in one unit, so the transaction costs will feel expensive even though the number of digits that must be issued is still constant same.

[Lantind]

Sorry If you don't understand "ETH token", maybe i should write "ERC20 token".
And you just said that i have to hold every ERC20 token in centralized exchange because of gas fees?
Hell no, that's for youself not for me.

I don't tell anyone in this matter including you too, everyone already knows that to hold any asset or token is clearly safer in a personal wallet not in an exchange wallet, even though the exchange is very trusted, and for the matter of you don't like the ETH wallet or ERC20 tokens, you can leave them without having to tell others, because no one will object to this.

[yohananaomi]

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.

logically what you say can be justified, but the increase in costs today is far from the past. It is also possible that the current traffic is clearly far different from the previous one. If you want to increase costs at a reasonable level, maybe there will be no problem.

but right now all coins are under deep correction, but it looks like the costs are not really affected but it is still running as usual and there are no significant changes. So the reason for the reduction in prices does not mean that the costs will automatically change and it is proven that there has been no change.

[CryptoLogo]

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.

Obviously not. Look at the current gas prices, it's just a fairy tale. 35 Gwey.
This has not happened for a very long time, which means that the updates are working, which means that all aggregators will now work with a vengeance.

[tippytoes]

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.

True, TRON and XRP also have low fees on each transaction, but why are neither platforms claiming to be ETH competitors, even though they have also been in the crypto space for so long? is it because there are few users or something else that they are not said to be ETH competitors.

Maybe they are catering different clients here. But I do agree that TRX and XRP have low fees as compared to ETH. I actually use either of them for transfer purposes in between exchanges. But my first choice is always TRX as they are really cheap and fast. Hopefully, projects will consider them to create their projects under these networks. Or maybe, ETH and BSC are just popular these days.

[CryptoLogo]

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.

In this you are right. The ether network is much less prone to hacks and other troubles, since it took years to develop and a huge community of developers.
The BSC is now showing its instability, for example, the Bunny hack demonstrated this.

[KevinBakor]

Ethereum GAS is really unbearable.

[Lantind]

In this you are right. The ether network is much less prone to hacks and other troubles, since it took years to develop and a huge community of developers.
The BSC is now showing its instability, for example, the Bunny hack demonstrated this.

Yes, because basically every thing that is new will always have flaws that must be fixed, and in fact it is almost the same as ETH in the past, where some say a scam, even though it's not a scam, as well as BSC which is still new and not so long been in the crypto space, so there is still a lot to improve.

[crazy-pilot]

I really like the current gas prices, I think this is a historic moment.
The lowest figures are around 15, which is surprising. I really hope that we can return to levels when 15 is high.

[VK.point]

Between Ethereum and BSC is a great crypto future. Everyone has a plan to choose in trading. Ethereum is quite expensive right now to transact, but I think a lot of people choose it anyway. The proof is that the Ethereum price is expensive.

[BintangBuleun]

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 the BSC is here, not because of the Ethereum network's high gas costs. Because Binance prior to developing the Binance Smart Chain, they have also developed the Binance Chain working for Dex. However, Binance Chain was unable to attract the attention of crypto users, as it was very limited on Binance's Dex system. Maybe the Binance community wanted something else, so Binance developed the Binance Smart Chain as its newest offering. It turned out that this caught the attention of crypto users. The chances that the BSC got were very good, because the Ethereum network fees were high when the BSC arrived.

[Lantind]

I really like the current gas prices, I think this is a historic moment.
The lowest figures are around 15, which is surprising. I really hope that we can return to levels when 15 is high.

Yes, but until now the highest number is still at 25 Gwei and it's also quite cheap to make transactions via the ERC20 platform, because in general that much Gwei is definitely very helpful for ETH Platform users.

[Review Master]

Everyone should forget about ETH or BSC as polygon hype is going on and it has less transaction fees compare to eth or bsc because of L2 (Layer 2) solution. Defi projects are doing great just like eth or bsc based defi projects. BTW, eth gas price more lower compare to previous months. So, happy yield farming on eth or bsc or polygon whatever anyone prefer to use. 

[Davian144]

unfortunately the transaction costs from ethereum are cheap because recently the ethereum price on the exchange has collapsed, imagine if ethereum price conditions increase it will usually have a very terrible effect on the cost of erc20 gas, in contrast to BSC which will forever still have very cheap gas costs and has a very good speed.

If you make a comparison of costs on platforms that are under ETH, it is clear that the fees on the ERC20 platform will look more expensive, but if you compare this with the Blockchain platform that is on BTC, the transaction fees on the ERC20 platform are still much cheaper than the transaction fees on the BTC Blockchain, so if you just want to compare transaction fees, you should also compare them on other platforms such as TRX, XLM, and others.

[noah tall]

Yes You are right , BSC become so big due to low fees and fast Transaction In place of Ethereun but it does botean that bnb can can take place Ethereum

[fb1t]

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.

That is right both of them are the biggest, strongest projects of the crypto world and there are not any cryptocurrencies that can overtake them. For me, BNB is one of the currencies which has more potential than other crypto projects to overtake ETH. But ETH has also some bad disadvantages like high transaction fees, cause of high transaction fees people prefer to invest in other projects, definitely in BNB. However something is different in the BSC network, the fee is cheaper compared to ETH.

That is an interesting discussion. I think right now BSC is the better choice. A lot of new tokens are published on BSC (BEP-20 token type) instead of Ethereum (ERC-20).

BUT: I guess things will turn around with the release of Ethereum 2.0. If Ethereum keeps its promise with lower gas fees on Ethereum 2.0, people will start porting their BEP-20 tokens back to the Ethereum blockchain. Remember: BEP-20 tokens can be implemented to be compatible to ERC-20, so there is no technical hurdle at all...

[hari9981]

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.

That is right both of them are the biggest, strongest projects of the crypto world and there are not any cryptocurrencies that can overtake them. For me, BNB is one of the currencies which has more potential than other crypto projects to overtake ETH. But ETH has also some bad disadvantages like high transaction fees, cause of high transaction fees people prefer to invest in other projects, definitely in BNB. However something is different in the BSC network, the fee is cheaper compared to ETH.

That is an interesting discussion. I think right now BSC is the better choice. A lot of new tokens are published on BSC (BEP-20 token type) instead of Ethereum (ERC-20).

BUT: I guess things will turn around with the release of Ethereum 2.0. If Ethereum keeps its promise with lower gas fees on Ethereum 2.0, people will start porting their BEP-20 tokens back to the Ethereum blockchain. Remember: BEP-20 tokens can be implemented to be compatible to ERC-20, so there is no technical hurdle at all...

Agree, the new project which came to BSC recently can easily port and move their project to Ethereum as soon as Ethereum solve the gas issue problem. Its proven blockchain with Huge community behind them.