ETH and BSC

[Lantind]

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

The question is, When will BNB take Ethereum's place? because since a long time ago no one has been able to take Ethereum's place, so the question is when will BNB be able to take Ethereum's place because Ethereum has been at a price above $ 4K in one unit.

[richcorner100]

Everyone is want to make money from trading with low fee transaction. We can see Binance exchange is more popular than others centralize exchange because one of the reason is lowest fee of trading. BNB possible to takeover ETH if the fee transaction of ETH still high. Personally, I never trade on DEX that used Ethereum blockchain, because reason of high fee transaction. Not only me, but many of my friends prefer to trade BEP20  tokens with the same reason.

[2tang]

Everyone is want to make money from trading with low fee transaction. We can see Binance exchange is more popular than others centralize exchange because one of the reason is lowest fee of trading. BNB possible to takeover ETH if the fee transaction of ETH still high. Personally, I never trade on DEX that used Ethereum blockchain, because reason of high fee transaction. Not only me, but many of my friends prefer to trade BEP20  tokens with the same reason.

If that is the reason then it is purely a mistake on DEX not on Ethereum because it is the DEX exchange party that sets the expensive transaction fee, not the Ethereum party, because currently the Gwei transaction fees on the Ethereum platform are very low, only 18 Gwei, so the reason is that You say that is a very ridiculous excuse and BNB will not be able to take over ETH under any circumstances.

[yohananaomi]

If that is the reason then it is purely a mistake on DEX not on Ethereum because it is the DEX exchange party that sets the expensive transaction fee, not the Ethereum party, because currently the Gwei transaction fees on the Ethereum platform are very low, only 18 Gwei, so the reason is that You say that is a very ridiculous excuse and BNB will not be able to take over ETH under any circumstances.

there is always a possibility and I believe in it, because in crypto nothing impossible will happen. but the problem is that many are not just limited to the high costs that occur in ethereum, but can include other things, that's why I say nothing is impossible in crypto and it can happen.

if you look at what you said it could be true and ethereum should also be able to take action because it involves him too if he doesn't cause high costs, but why this seems to be silenced and finally many new projects are looking for other alternatives. many have tried in various ways, including one with the BSC, although other measures can also be taken.

the sad thing is that it can't send the bounty results to those who deserve it because the costs are very high, pityy for those affected by that

[Lantind]

the sad thing is that it can't send the bounty results to those who deserve it because the costs are very high, pityy for those affected by that

For bounties, it is better to use the BSC alternative because the distribution costs are cheaper and bounty participants can always receive their payments on time or not in a long time.

[Lantind]

The low cost is one of the advantages of BSC over ETH, if ETH makes a mistake, ETH's position may be replaced by BSC, we'll see if BSC is able to innovate and attract ETH users to let go and prefer BSC.

And what you see now is actually the opposite of what you said, because the transaction fees on ETH are also very cheap and are often at 7 Gwei in one transaction at this time, so when you say that there is one advantage in BSC, then don't forget that ETH has several advantages that sometimes BSC does not yet have.

[m.rifki]

I personally think Binance Smart Chain is the best choice for now, finally there is a good platform like BSC that can grow and finally after all this time can beat ethereum. It is evident that currently ethereum still often experiences increased gas costs which make many traders worry.

I also prefer BSC for now because the transaction fees are still affordable for me, transaction fees on ETH are too high and often go up than down, it really costs me a lot to make transactions using ETH, but I don't know in the future if ETH really can afford it. make innovations that make the transaction fees cheaper maybe I will think about using ETH again.

[bison]

I also prefer BSC for now because the transaction fees are still affordable for me, transaction fees on ETH are too high and often go up than down, it really costs me a lot to make transactions using ETH, but I don't know in the future if ETH really can afford it. make innovations that make the transaction fees cheaper maybe I will think about using ETH again.

That is one of the factors causing the current growth of BSC, due to complaints from ETH users about the high fees, if BSC is able to maintain its low transaction fees, BSC will be a very good choice as an alternative and can even replace ETH, that's in my opinion.

[Devifajarina]

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?

usually a large cost has advantages in other ways, in my view this is reasonable when the standard is made for the superiority of something to be achieved,
when it comes to ethereum and BSC I personally prefer ethereum considering that this one is easier to learn or predict in the market, but BSC also has its own advantages in the market, meaning that both have the same potential in the market, depending on how we analyze and monitor prices in the market, that's why when we jump into the world of coins, the first step we have to do is study all the coins that exist, so we just analyze and plunge into the world of the coin, otherwise we will experience information blindness, maybe we will lose money in the future

[Lantind]

That is one of the factors causing the current growth of BSC, due to complaints from ETH users about the high fees, if BSC is able to maintain its low transaction fees, BSC will be a very good choice as an alternative and can even replace ETH, that's in my opinion.

Have you forgotten that ETH also has a better development than BSC, and even today there are no more people complaining about transaction fees on the ETH platform, because it is already very cheap and fast, so before you give another response here, try it first check about ETH transaction fees at this time

[arabspaceship123]

Here's page #23 in this debate, there. It's time to lock this thread because everything that could've been said probably has.

[reza7777]

Ethereum fee is now normal and I also see nothing happened to binance(BSC) and I also see many projects that are still using the BSC platform, but even so a project with an ethereum network will be better than BSC

[Sayeds56]

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?

Once optimistics and eip1559 are implemented, fee's will go down for sure.
Then, again majority of degens will flock back to the eth mainnet, and BSC will once again become a wasteland. Like matic is right now

Appreciate your optimistic views about Ethereum but I think it is not going to happen soon when we look at the track record of Ethereum Team, they never deliver their projects on time. We keep hearing about Ethereum 2.0 since long time that it will solve the scalability issue but to this day Transaction fee is still very high and not affordable for small traders. Binanace network is too big now and its not going to die easily.

[coiner-88]

Ethereum all on the grounds that there are truly numerous players utilizing the organization. Furthermore, that is the reason many thought about the happening to BSC as a major gift, so there is likewise that likelihood that many will embrace both so that assuming one will have an issue, they can undoubtedly switch with the other option. These activities are incorporated, cash is kept and removed through the Binance Exchange or Binasn Bridge.

[casperBGD]

Ethereum dominance in DeFi TVL decreased to 77% in last quarter, but Binance dominance is also declining, it is Polygon that is taking over, and they are close to be second best, according to TVL in DeFi
so, in my view, Binance Smart Chain should be compared to Polygon, and Ethereum is a bit above both of them

with 2.0 and merge, PoS, fees should go down, and then Ethereum would offer decentralized services for the price similar to centralized services on BSC, let that sink here for a moment

[MarjorieZimmermanGinger]

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 BSC and ethereum will still be an option in the next two years, considering that these two coins are quite able to convince us to put our trust, in the market itself these two coins are still very good in selling value, not to mention the two coins are easy to allocate, but the market does not necessarily see these two coins as an alternative for many people, considering the number of uses is the source of the survival of a coin in the market market.

[Lantind]

Ethereum network consistently has an incredible cost at dispatch. also, the other way around, a large portion of the tokens or coins that are under the BSC network consistently have a value that can be reached by all little dealers. A total change to the Binance Chain would mean for a task or organization to be in the grasp of Binance which is a business hazard.

Yes, if we look at transaction fees, it is clear that Binance Chain is more popular and dominates the crypto space through new project organizations because for new project developers, spending the minimum possible cost is very important and profitable.

[bitcon]

Ethereum dominance in DeFi TVL decreased to 77% in last quarter, but Binance dominance is also declining, it is Polygon that is taking over, and they are close to be second best, according to TVL in DeFi
so, in my view, Binance Smart Chain should be compared to Polygon, and Ethereum is a bit above both of them

with 2.0 and merge, PoS, fees should go down, and then Ethereum would offer decentralized services for the price similar to centralized services on BSC, let that sink here for a moment

I totally agree with you, we shouldn’t compare BSC and Ethereum as they develop in completely different ways. We can only compare BSC to Polygon or fantom. And I can say that all of them follow the same ideas, the only question is where people bring there money, so we should just follow trends and be ready to try new blockchains and new financial solutions.

[tyz]

Here's page #23 in this debate, there. It's time to lock this thread because everything that could've been said probably has.

Both projects are still ongoing and there are continues changes we could take about so basically this thread could be open forever, since there is always anything to discuss.

Ethereum fee is now normal and I also see nothing happened to binance(BSC) and I also see many projects that are still using the BSC platform, but even so a project with an ethereum network will be better than BSC

Fees have fallen, but have not yet returned to normal. During the next run or hype, fees will explode again, so this is only a temporary reassurance at the moment.

[Xampeuu]

Ethereum network consistently has an incredible cost at dispatch. also, the other way around, a large portion of the tokens or coins that are under the BSC network consistently have a value that can be reached by all little dealers. A total change to the Binance Chain would mean for a task or organization to be in the grasp of Binance which is a business hazard.

Yes, if we look at transaction fees, it is clear that Binance Chain is more popular and dominates the crypto space through new project organizations because for new project developers, spending the minimum possible cost is very important and profitable.

Currently, there are indeed many new projects that use the Binance Smart Chain, fees are the main reason for choosing it, besides that the transaction speed seems to be no longer in doubt. This is what makes BSC considered a popular coin because it has a real product and is needed by many people