masterrex
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April 17, 2021, 02:37:44 PM |
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I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.
I think you missed an important piece of information Mate, Ethereum has not lost its glory, But it was just temporarily affected by a problem caused by the expensive transaction fees of the Ethereum Network. And I believe if the expensive transaction cost of the Ethereum Network will be solved, All will be backed to normal like it was before. thats why let's accept the fact that Binance Smart Chain is just an alternative or a temporary solution to the Ethereum gas problem and cannot be a replacement for Ethereum, By the way, the reason why Ethereum is Better than BSC is that it was decentralized, and the original smart contract service provider, I believe nothing beats the original. Note: I'm not against the BSC in fact I was using it frequently due to its cheaper transaction cost, I'm just expressing my thoughts about the reality.
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FloridaKid (OP)
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$CYBERCASH METAVERSE
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April 17, 2021, 02:40:00 PM |
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Well I'm sure that ETH 2.0 will have something that BSC won't and that will drag BSC back to second position once again, there are few projects that have ETH2.0 on their roadmap meaning they are waiting for ETH 2.0 launch, another fact is BSC can't exists if there is no ETH
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imstillthebest
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April 17, 2021, 03:07:51 PM |
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theres supporters left for eth because if we check the rankings eth maintain its spot next to btc and will be full again once the fee go back to normal . you already gave the best reason why eth is the better than bsc . i wont use bsc because its centralized because being centralized means they can froze your money . i cant afford to loose huge money more than what i pay for the etherium fees . another advantage of eth is its available everywhere .
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Samurai trieng
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April 17, 2021, 03:29:53 PM |
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In my opinion, this high gas cost is the culprit for the downfall of the eth (uniswap), where currently many crypto users have switched to the binance the smart chain, whose transaction costs are very low compared to the etherem, this are the reason small traders switching to BSC, the hopefully etherem can solve this problem so that the bsc does not overtake ETH's popularity in the future,
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Cling18
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April 17, 2021, 03:45:11 PM |
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They actually function differently and they both have potential but I would prefer ETH because it has a strong foundation and already passed all the tests of time. As for me, BSC still has a lot to prove and it should gain the trust of investors first. However, one of the edge of Bsc that I see is its cheaper fees compared to ETH which has been the problem of most users for such a long time.
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blckhawk
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April 17, 2021, 03:50:49 PM |
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I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.
Definitely will bring a positive impact for ETH once they fix that transactional fee issue, however, in spite of having high fees ETH still remained behind Bitcoin, and this only implies that ETH has still numerous of supporters. BSC network, on the other hand, is now showing a good performance, having cheaper transaction fees attract more users making them successful. Regardless, these two networks cannot be comparable as they have a lot of differences like ETH is decentralized while BSC network is centralized.
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TheMimic1
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April 17, 2021, 03:58:24 PM |
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Thanks to BSC we can make transaction at cheaper rate, BSC is surely an instant solution to the problem but ETH is more useful than BSC, still they aren't on same league, ETH is far more superior and the only let down is the high gas fee
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kram31
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April 17, 2021, 04:08:10 PM |
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I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.
Maybe in terms of building a big community ETH is much more ahead of BSC, then experienced as well was one of the factor also, and its price value in the market was definitely no doubt are very differ into BSC. However, if the increased price of ETH will continue to rise and yet the charge its not changing instead, its getting higher, possible in a short period of time BSC can exceed ETH in the future based on what I see from it.
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uneng
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April 17, 2021, 04:26:15 PM Last edit: April 18, 2021, 12:58:25 AM by uneng |
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Ethereum is decentralized, while BSC is centralized. That is the main ETH advantage over Binance Smart Contract in my opinion. Some will say BSC is better because the fees aren't that high, but I say that if ETH gas is so expensive right now it's just a sign it is incredibly demanded by crypto community. Every demanded coins have expensive fees, and if there is high demand for currencies like Ethereum on long run there is a good reason for that. BSC has a lot of potential, but ETH is here for much more time and has already gathered the trust of many, building an enviable reputation.
Both are good and useful, the difference is that the fees. BSC have a low low fees while Ethereum have high fees. It simply tells us that it is in demand and many people uses and trust it. Having problem or issue is just normal happenings most especially if it is crowded or many transactions happened. I guess there is no perfect system because it always needs to be updated and well maintained. I wonder myself if BSC would have so much demand like ETH the fees wouldn't be equally high. BSC transactions are cheaper for now, but once they have the same volume of transactions Ethereum platform has to deal daily, we are probably going to see the same ETH disadvantages in Binance Contract as well.
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devollito
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April 17, 2021, 04:57:27 PM |
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Ethereum still better then bsc for the security reason, the nodes is more then bsc. Its pure decentralize. Bsc still need time to make nodes and decentralize. The rumor about bnb was so centralize make people skeptical.
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istiak2277
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April 17, 2021, 05:12:45 PM |
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Gas has been a problem for ethereum that's why majority are prostrated about it, only whales can survive that kind of rich transactions. Once this congestion and gas problems are fixed I believed ethereum will reclaim the trust and services of everyone. BSC is a good addition too and that's what makes more healthy because of competition.
Eth gas fees were expected to be reduced a bit after the Berline update. Eth already losing its ground to the BSC network and many news projects are now choosing BSC for their product launches. Also, I saw some projects and using both networks especially some NFT projects like Dego. But in terms of community and security, eth is bigger than BSC.
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jacafbiz
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April 17, 2021, 07:14:34 PM |
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I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.
I think people need to stop calling BSC a centralized chain, because there are still high level of centralization in Ethereum, it is just like Bitcoin maximalist calling Ethereum a centralized chain. There is no difference between Eth and BSC because BSC is a fork of Ethereum with faster confirmation time. BSC has come to stay and Ethereum people need to accept this
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Tigerheart3026
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April 17, 2021, 08:33:04 PM |
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I don't think Etherium platform is better than Binance smart chain plafrorm for now. Where it takes up to 50 50 free on Ethereum platform, it costs 10 cents on BSC platform. So I think the BSC platform is much, much better than the Etherium platform.
I don't think the time has come yet to compare with both of network. Etherum is biggest blockchain network still now. Transaction fee is controversy and crypto users can't tolerant this issue. So BSC is getting predominant instead of Etherum chain because we use it for low cost fee. besides i don't find any other special reason.
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XavierLaurent
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April 17, 2021, 09:09:38 PM |
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Not every project supports BSC, like some crypto exchanges for instance.
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dhemasm
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April 17, 2021, 09:23:30 PM |
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Gas has been a problem for ethereum that's why majority are prostrated about it, only whales can survive that kind of rich transactions. Once this congestion and gas problems are fixed I believed ethereum will reclaim the trust and services of everyone. BSC is a good addition too and that's what makes more healthy because of competition.
But BSC Was Centralized (For Now (?)) and basically have good development to lately which making it more better, Current Ethereum Network is ridiculous and yeah only whale can survice today as you said, $30 Transaction Fee for swapping it's not even can be tolerated again. Let's Hope EIP 1559 & Ethereum 2.0 will be implemented so we can see some significant impact to the Ethereum Network.
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nightwishx
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April 17, 2021, 09:29:04 PM |
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I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.
I think people need to stop calling BSC a centralized chain, because there are still high level of centralization in Ethereum, it is just like Bitcoin maximalist calling Ethereum a centralized chain. There is no difference between Eth and BSC because BSC is a fork of Ethereum with faster confirmation time. BSC has come to stay and Ethereum people need to accept this Quite confused with the post you made. actually there are quite important differences like BNB relies on a system of 21 validators, while Ethereum has more than 77,800 active validators. But also make no mistake that centralization does not mean bad, with the coins that are centralized BNB have better documentation and support, but in all respects ethereum would still be better off if they were able to settle their gas fees.
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royalfestus
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April 17, 2021, 09:32:49 PM |
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I believe that ETH will reclaim it's glory back once gas fee issue is solved, there is also a big difference between BSC and ETH that will still make many prefers ETH, that's the fact that BSC is Centralized and ETH isn't.
Some described BSC as the hardfork of ETH that is only improved with transaction fee but may not handle a lot of challenges that large number transactions will bring in the future. Some carefully share the blockchain with 2 legs in both blockchain, ETH and BSC, incase the hardfork got successful and the transaction fee and number of transaction per sec improved.
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Lordhermes
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April 17, 2021, 10:09:52 PM |
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Binance smart chain is taking over ethereum gradually, almost 90% of new projects are built on BSC and we all the know the reason why, it's unfair to pay high fee to transfer out small amount of token, it's really horrible and many people especially me are quiting to be using ethereum.
From what been said, Binance smart chain is better than ethereum for now, let's just wait for eth 2.0 to see if the changes can be better off.
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JeffBrad12
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April 17, 2021, 10:10:47 PM |
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Ethereum doesn't even need to reclaim its glory as it's still placed at the top 2 but it needs an improvement to fix the tx fees and attract those who have been moving to the binance chain. The centralization and decentralization could be the main thing that makes ethereum and binance different from one to another. People only care about money and they didn't even care about that. The ethereum gas fees need to be fixed as soon as possible before binance will try to attract the new platforms to use it. That will make ethereum to lose potential users.
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CaVO32
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April 17, 2021, 10:14:24 PM |
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Gas has been a problem for ethereum that's why majority are prostrated about it, only whales can survive that kind of rich transactions. Once this congestion and gas problems are fixed I believed ethereum will reclaim the trust and services of everyone. BSC is a good addition too and that's what makes more healthy because of competition.
Eth gas fees were expected to be reduced a bit after the Berline update. Eth already losing its ground to the BSC network and many news projects are now choosing BSC for their product launches. Also, I saw some projects and using both networks especially some NFT projects like Dego. But in terms of community and security, eth is bigger than BSC. As we all know, the major problem of eth network is the gas fees. So if in case, they will reduced a lil bit after this berlin hard fork this month, I believe, some will go back to ETH. People are just switching or going to BSC because of its fast and low fees, and okay, let us add the fact that it is managed by a top cryptocurrency exchange. However, if ETH will get back on having cheap fees, developers will choose ETH over BSC. And that we will see once ETH resolved this long-running problem.
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