ETH and BSC

[elisabetheva]

BSC is already better than ETH or a ETH killer right now ethereum price should still remain at 1000+ price tag, either with high gas or not ETH is still a big BOSS.

The understanding is this, Ethereum will still be big forever because it has a smart contract earlier so that it can be used by others including BNB before BNB has its own smart contract, namely BSC, so in general ETH will still be good even though the transaction fee is very expensive, and BSC will also not be bad as an alternative alternative to save transaction costs.

In fact, it is unavoidable that the ethereum platform will charge expensive gas, because with the price of ethereum continuing to increase it is difficult to avoid gas costs will be made cheap. so while binance is clearly receiving the blessing of ethereum's high gas costs, many are looking for alternatives to binance. but maybe binance will also experience the same impact if BNB later is also of high value.

[Hovarda]

I have been using BSC network for a long time. BSC seized a good opportunity and took advantage of it. ETH cannot be used with these fee rates. I hope they fix this issue in the future.

[taufik0911]

I have been using BSC network for a long time. BSC seized a good opportunity and took advantage of it. ETH cannot be used with these fee rates. I hope they fix this issue in the future.

There seems to be a bit of something wrong with what you're saying because BSC hasn't been around for a long time in cryptocurrency, even though almost 80% of new projects are using BSC at this point but that doesn't mean BSC has been around for a long time in cryptocurrency.

BSC is indeed a newcomer when compared to ETH, but BSC has the advantage that it has a relatively stable and cheap gas fee
With that advantage, many new projects use BSC to make their smart contracts, which makes BSC better for now and becomes the toughest competitor of ETH which has too expensive fees in my opinion.

[ningrum]

I have been using BSC network for a long time. BSC seized a good opportunity and took advantage of it. ETH cannot be used with these fee rates. I hope they fix this issue in the future.

There seems to be a bit of something wrong with what you're saying because BSC hasn't been around for a long time in cryptocurrency, even though almost 80% of new projects are using BSC at this point but that doesn't mean BSC has been around for a long time in cryptocurrency.

BSC is indeed a newcomer when compared to ETH, but BSC has the advantage that it has a relatively stable and cheap gas fee
With that advantage, many new projects use BSC to make their smart contracts, which makes BSC better for now and becomes the toughest competitor of ETH which has too expensive fees in my opinion.

Indeed, the problem for Ethereum is that the transaction fees are still high I think everyone knows about it,
and with BSC they offer cheaper transaction fees than Ethereum,
apart from that, both have their own advantages and disadvantages

[Woodie]

One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high

this might be among the reasons why this project was born but if you think about it, it all about competition which is needed as a business to allow the devs to be creative and deliver the best possible services and equally prevent eth being a monopolized project in its niche all together.

and this force some projects to switch to BSC

lower costs on the part of the customers means high demand for their crypto token and sticking to one project which passes on the high transaction fees onto the user means less demand for such a token , so the solution to this is to move to a blockchain like BSC with low fees for the end user.

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?

it will remain as a competitive space for the two biggest projects in this niche and both will coexist....no extinction of either.

[matchi2011]

I have been using BSC network for a long time. BSC seized a good opportunity and took advantage of it. ETH cannot be used with these fee rates. I hope they fix this issue in the future.

There seems to be a bit of something wrong with what you're saying because BSC hasn't been around for a long time in cryptocurrency, even though almost 80% of new projects are using BSC at this point but that doesn't mean BSC has been around for a long time in cryptocurrency.

BSC is indeed a newcomer when compared to ETH, but BSC has the advantage that it has a relatively stable and cheap gas fee
With that advantage, many new projects use BSC to make their smart contracts, which makes BSC better for now and becomes the toughest competitor of ETH which has too expensive fees in my opinion.

Transaction fees and speed both are being dominated by BSC between these two chains, but there are still
many people who continue to use the service of ERC even the fees and have clogged network ETH still
have the position upper than BSC in terms of coin positioning.

It's still a long way to go and more competitors to show up, but these two giant chains already established
good market appreciations.

[nekorakoeora]

People will chase small transaction fees with very good delivery speeds, Ethereum still has quite a long shipping lag and very large transaction fees until now. I prefer to use BSC until now but maybe there will be new things that will grow in the future.

Actually if someone is willing to give high fees for transactions on the Ethereum Network, then the delivery will also be faster, but until now no one is willing to do that if there is a better option like BSC, not only cheap in terms of fees, also fast in terms of delivery.

I agree with you. BSC has a technical advantage by improving performance and efficiency that allows users to enjoy cheaper and faster blockchain transactions. While when with ETH, we have to spend bigger for faster things. Back to personal choices, all have their pluses and minuses.

[Alanaz]

Ethereum has been trusted by many projects that have used its network, the expensive gas costs are reasonable because ethereum always follows the bitcoin chart so I still maintain ethereum, many projects or platforms have used the bsc network in the future binance smart chain is growing while ethereum remains the king of altcoins.

on the other hand, there are now a lot of eth fans who complain about this gas and actually this gas problem still hasn't been resolved since a few months ago.
This is why many people are starting to switch to gas-friendly ones especially now maybe BSC is one of them.
On the other hand, for eth itself, there are fewer scams because it is definitely hampered by gas costs and this is very good for minimizing scam projects.
on the other hand the increase in very expensive gas is also the reason they are abandoned.
but for the altcoin king it is true that eth still dominates.

[LUCKMCFLY]

Ethereum has been trusted by many projects that have used its network, the expensive gas costs are reasonable because ethereum always follows the bitcoin chart so I still maintain ethereum, many projects or platforms have used the bsc network in the future binance smart chain is growing while ethereum remains the king of altcoins.

on the other hand, there are now a lot of eth fans who complain about this gas and actually this gas problem still hasn't been resolved since a few months ago.
This is why many people are starting to switch to gas-friendly ones especially now maybe BSC is one of them.
On the other hand, for eth itself, there are fewer scams because it is definitely hampered by gas costs and this is very good for minimizing scam projects.
on the other hand the increase in very expensive gas is also the reason they are abandoned.
but for the altcoin king it is true that eth still dominates.

Currently days ago I made an exchange in the ETH network and I spent more than 150usd that is something exaggeratedly expensive, however the projects that are based on the BSC network I love them for their low fees, when they are ERC-20 projects I have to study them very Well if they are worth it or not, now every project in the BSC network is excellent for me, because it does not require any fee, however the risk for which it is exposed is very great, because in decentralized exchanges, there is a lot scamer who make contracts with almost the same name causing the contracts and investors to be confused and defraud, that way it always happens, or that the project that is being done keeps the funds.

[shawon01]

There is a big difference between Ethereum and BSc now because Ethereum is now more gas free and bsc is less gas free that is why everyone now uses BSc.

[Alanaz]

Ethereum has been trusted by many projects that have used its network, the expensive gas costs are reasonable because ethereum always follows the bitcoin chart so I still maintain ethereum, many projects or platforms have used the bsc network in the future binance smart chain is growing while ethereum remains the king of altcoins.

on the other hand, there are now a lot of eth fans who complain about this gas and actually this gas problem still hasn't been resolved since a few months ago.
This is why many people are starting to switch to gas-friendly ones especially now maybe BSC is one of them.
On the other hand, for eth itself, there are fewer scams because it is definitely hampered by gas costs and this is very good for minimizing scam projects.
on the other hand the increase in very expensive gas is also the reason they are abandoned.
but for the altcoin king it is true that eth still dominates.

Currently days ago I made an exchange in the ETH network and I spent more than 150usd that is something exaggeratedly expensive, however the projects that are based on the BSC network I love them for their low fees, when they are ERC-20 projects I have to study them very Well if they are worth it or not, now every project in the BSC network is excellent for me, because it does not require any fee, however the risk for which it is exposed is very great, because in decentralized exchanges, there is a lot scamer who make contracts with almost the same name causing the contracts and investors to be confused and defraud, that way it always happens, or that the project that is being done keeps the funds.

here are the advantages and disadvantages of each.
On the other hand, from a project perspective, eth is very good because it's rare for scammers to be in this network because the gas is in a different level.
on the other hand BSC is more friendly in transaction fees but as you said a lot of coins and projects are being misused because of their low prices. so it's no stranger now in the BSC network, many coins are only temporary and rely on pumps.

on the other hand you are so brave to use $150 just for gas and that is one effort that is quite expensive and of course the level of profit will certainly be very much more than that.

[Ted360]

 I am sure BSC will still be popular and there are some projects that will still use BSC, because for now BSC project has been very widely used by people and there are several projects that have switched from Ethereum to BSC, so I'm sure BSC will remain a competitor to Ethereum forever.

[Rakeshten]

Although both are great, I recommended BSC, because ETH has given too much in the past and it will lead to more profits in the future, but for now, it would be risky to buy so BSC is currently the cheapest, so buy and hold now.

[Evgenklm]

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?

that's exactly how it is, the main reason why I don't use the ETH network is the commission, on uniswap I'm not ready to pay $ 40-60 for 1 swap, it's too much, I'm generally surprised at such traders who trade with such commissions on the ETH network.

[kenelmark]

BSC is indeed a newcomer when compared to ETH, but BSC has the advantage that it has a relatively stable and cheap gas fee
With that advantage, many new projects use BSC to make their smart contracts, which makes BSC better for now and becomes the toughest competitor of ETH which has too expensive fees in my opinion.

If you only rely on low costs, it will be very difficult for BNB to fight ETH, because Polygon also has a much cheaper cost compared to BSC, but Polygon is still not able to compete with ETH, and for ETH the price is already very expensive now it's still very reasonable for the current transaction fee problem, now try to imagine if the price of BNB can be equal or the same as ETH, will the cost also be cheap ? I don't think so bro.

[mdzahed134]

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.

In ETH network you will make transaction to cost at only 6$? I don’t know if you have made any transactions in the last few days. I did several transaction and approximately cost was 18$-20$. BSC cost also increasing but still it’s several times low from ETH. Without upgrade of ETH network i don’t think have any possibility to reduces gas fees.

[Anguwa]

I think Binance Smart Chain has over tooke Ethereum due to its low and affordable transaction fee. Although Gass fee in BSC chain also goes up if there are some conjunction or traffic in running transactions, but nevertheless, etherium Gass fee will take a very long time to be as low as BSC in the recent years.

[mbakruroh]

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?

If we talk about the current high transaction fees of Ethereum, maybe BSC is an alternative for now, many new projects are being launched using the BSC blockchain. But there are also projects launched on the Ethereum blockchain that can do well on exchanges. For now each project is launched tokens in two versions, Ethereum and BSC. If one day the transaction fees of the Ethereum blockchain return to normal, the tokens developed through the Ethereum blockchain will experience an increase in transactions compared to BSC.

[kenelmark]

It will not happen because the BSC chain is not fully decentralized. The entire chain is under control of Binance and the nodes are run by 3rd parties which are controlled by Binance. A complete switch to the Binance Chain would mean for a project or company to be in the clutches of Binance which is an business risk.

Why can it be a business risk if the company is in the grip of Binance ? because so far I have never come across bad news for Binance and its followers or the companies that have worked with it for a long time.

[Lantind]

In fact, it is unavoidable that the ethereum platform will charge expensive gas, because with the price of ethereum continuing to increase it is difficult to avoid gas costs will be made cheap. so while binance is clearly receiving the blessing of ethereum's high gas costs, many are looking for alternatives to binance. but maybe binance will also experience the same impact if BNB later is also of high value.

That's a very definite thing to happen because when the price of BNB has started to approach the price of Ethereum, and the impact for the cost will also be almost the same as what has happened to Ethereum so the project developers will look for other alternatives for this like Polygon which is still very cheap in terms of transaction fees.