ETH and BSC

[Jeger.Kiting]

If the cost of sending ETH continues to be high then there will be a possibility that everyone will switch to the BSC network, because the cost of BSC is very cheap compared to the cost of ETH which is getting higher and higher, so that's why everyone is starting to switch to the BSC network now.

[Nhor1011]

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?

Even if Ethereum’s gas fee goes down, it still won’t be like BSC which is too low. So far Ethereum gas fee is still higher even after the London's upgrade ,nothing had changed. It cost a lot to send coins into other wallet or in exchange. People will always find ways to send their funds with cheap transaction fees like in BSC and Matic.

[Kezacky]

ethereum high transaction fees are a concern, I don't want to get into something that is controlled by big corporate people. I just want to be in the hands of some technical people as developers who might form a foundation like how the bitcoin foundation works, to take care of the dapps stuff instead of making binance the hub for every aspect of this crypto space. besides that BSC is still the best choice because it has the advantage of handling gas costs which are quite expensive compared to Ethereum, but it is too early if Bsc is able to beat Ethereum. BSC became popular because almost all projects today take advantage of the BSC features

[ayukartika]

The cost of eth is still high and your prediction is wrong which says a few months the cost of eth will go down.  Anyway I think the Binance smart chain has a bright future and we can see that now with a lot of people using the Binance smart chain.

[DewiKirana]

Binance Smart Chain is a very good choice for small trades due to the low gas costs, currently the exchange fees in Ethereum are very high making it unfriendly for novice traders with small capital. If the price of Ethereum gas drops close to the Binance Smart Chain, it is likely that traders can choose both, namely BSC and Ethereum.

[Rahman11]

At its core, BSC is a cheaper and more efficient version of Ethereum. ... Using tokens on BSC is smarter than Eth due to the low fees. These low fees afford users more opportunities to move funds around while investors worry less about high gas fees.

[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?

I think, Ethereum has always been the most popular blockchain, Binance Smart Chain has captured a large number of markets nowadays due to its high gas costs. Many bounty projects on the Ethereum platform are unable to pay their tokens due to high gas fees. As a result, many projects are now being forced into the Binance Smart Chain. If Ethereum's gas costs are not reduced, the BSC growth trend will continue which might outperform Ethereum at some point. On the other hand, if Ethereum gas costs go down, I think they will return to the market in the future.

[budi12]

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, I'll leave anything BSC vs ETH now until ETH fix its high gas costs then next for developers to start making their choices wisely and whoever wins from this point onwards is the best but nothing can clear the fact that ETH is the king of all altcoins and smart contract platforms, it will remain a good choice for future projects.

[superman184]

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 guess, People who want to transfer their coins with low fees, because BSC is now much cheaper than ETH gas fees, then we all know what will happen to Ethereum in the near future if they don't adjust their gas fees in transferring money. They already have competitors so better yet make a good deal on transfer fees.

[kenelmark]

I guess, People who want to transfer their coins with low fees, because BSC is now much cheaper than ETH gas fees, then we all know what will happen to Ethereum in the near future if they don't adjust their gas fees in transferring money. They already have competitors so better yet make a good deal on transfer fees.

And what happens to ETH is that the price increase is getting better and also almost surpasses the new ATH in the next few days, You need to know mate that competing with ETH is not enough to make cheap fees for transactions, because cheap fees have come a long way days are on the TRON Blockchain (TRC20) and also on Polygon (Matic) at this time both of which are still equally cheap and even cheaper than transaction fees on BSC, but they can't compete with Ethereum, I hope you can be very aware now.

[tyz]

I guess, People who want to transfer their coins with low fees, because BSC is now much cheaper than ETH gas fees, then we all know what will happen to Ethereum in the near future if they don't adjust their gas fees in transferring money. They already have competitors so better yet make a good deal on transfer fees.

And what happens to ETH is that the price increase is getting better and also almost surpasses the new ATH in the next few days, You need to know mate that competing with ETH is not enough to make cheap fees for transactions, because cheap fees have come a long way days are on the TRON Blockchain (TRC20) and also on Polygon (Matic) at this time both of which are still equally cheap and even cheaper than transaction fees on BSC, but they can't compete with Ethereum, I hope you can be very aware now.

You've got it a little wrong. The reason ETH is still superior to the other cheaper platforms is because Ethereum is the only one (of the mentioned) that is truly decentralized. The Binance Chain is not decentralized, TRON and MATIC are not completely decentralized either. This is also the reason why the fees are significantly cheaper than Ethereum. Should the platforms be completely decentralized at some point and still be significantly cheaper, many app developers and investors would switch to these platforms and leave Ethereum.

[rezasg]

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?

Did you know that by using Paybswap you can exchange on BSC as well as using Polkadot substrate node to exchange on other blockchains with really low gas fees?

[BlackRexuz]

I like both ETH and Bsc..I heard about reduced fees for Eth 2.0 versus the current one but as we know, it will be as close as Binance network fees. I think the future of ETH and BSC will be very good

[triat]

I like both ETH and Bsc..I heard about reduced fees for Eth 2.0 versus the current one but as we know, it will be as close as Binance network fees. I think the future of ETH and BSC will be very good

There will be a 100% increase in the prices of both tokens. But the fees on the ETH network have not yet been reduced. I hope someday they will fall and it will be possible to make transactions normally. Now it is unrealistic to do this.

[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?

In any Business , nothing is permanent and change is the only constant. Currently BSC chain is getting huge business of new project, the only convincing reason is its reasonable transaction speed with minimal fee which is much much lower than Ethereum network but it will no remain Leading smart chain for ever because now SOLANA, MATIC and FANTOM are offering even better features, they will also take some market share of Binance smart chain in coming days.

[bitcampaign]

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?

there may be many other alternatives to balance transaction costs on the ETH network, for example BNB BSc and even recently Matic polygon, some projects on the ETH network also have BSC and Polygon networks in their tokens considering that on the ETH network it is unlikely that they will looks cheap even though ETH 2.0 is implemented with a gas cost of 1 gwei it will look expensive at the current price of ETH, BSC and Polygon are not only competitors but can also be used as alternatives for blockchain projects on the ETH network can use other networks

ETH 2.0 only lessens the amount of transaction fee but won't make ETH network being attractive against Binance Smart Chain or the new kid on the block like Poly or Sol. So the transition from ETH to other smart contract networks will keep going. Binance Smart Chain will surely make some gains from this.

well of course BNB will benefit from seeing the shortcomings of this ETH and take advantage of this situation, ETH has a high price and even though gas costs are lower when ETH 2.0 is launched still BSC BNB is cheaper even more besides that like Poly and others will be used later, i still wonder why people want to burn their money nowadays by using high cost gas, i'm afraid they seem like people with a lot of money but stupid because they don't know to use cheaper gas cost

[Almasani]

Eth's current high gas costs are actually very profitable for BNB. in other words, the lower gas costs of Bnb  itself provide more benefits. This is a consideration for some people starting to switch from Ethereum to use Binance smart chain.. Bnb gets more value for holders, because Bnb also  burn coins every three months. because the value of the coin is decreasing, it will add value to the price in the future..

[Bonenx14]

There will be a 100% increase in the prices of both tokens. But the fees on the ETH network have not yet been reduced. I hope someday they will fall and it will be possible to make transactions normally. Now it is unrealistic to do this.

You have to think logically about this because every major coin rises and increases sharply, the transaction fees will increase automatically, because it wouldn't make sense for a coin to keep increasing like ETH but the transaction fees would decrease, so now you have to choose one of them.
Prices that continue to increase with transaction fees that will be increasingly expensive or transaction fees that are cheap with coin prices that will be very low ? make your choice now.

[Sir Legend]

BSC continues to skyrocket and leave ETH, the biggest factor that makes developers switch to BSC is speed and transaction fees, to swap tokens to ETH costs more than $6 for normal speed that takes 30 minutes to get 8 confirmations, while swap tokens with BSC costs money less than $1 with 30 seconds for 10 confirmations.

[PhucS]

Eth's current high gas costs are actually very profitable for BNB. in other words, the lower gas costs of Bnb  itself provide more benefits. This is a consideration for some people starting to switch from Ethereum to use Binance smart chain.. Bnb gets more value for holders, because Bnb also  burn coins every three months. because the value of the coin is decreasing, it will add value to the price in the future..

Yes, the high gas fees of the ETH network have made the BSC network more and more developed. Many new projects are successfully developed on the BSC network. However, ETH 2.0 upgrade is under construction and will be officially released soon, hopefully it will fix those disadvantages.