Is Binance Smart Chain the "New Ethereum"?

[Kunotcoin]

I think so Binance smart chain or BSC is the new Ethereum because if we base on the trend now BSC is one of the most attractive networks other than Ethereum itself for those old and new projects because BSC is a copy of Ethereum that's why it's identical with each other the only differences was Ethereum is far more decentralized compared to Binance smart chain.

[TopTort777]

I think so Binance smart chain or BSC is the new Ethereum because if we base on the trend now BSC is one of the most attractive networks other than Ethereum itself for those old and new projects because BSC is a copy of Ethereum that's why it's identical the only difference was Ethereum is far more decentralized compared to Binance smart chain.

People and projects moved to BinanceSmartChain only because they were tired of high Ethereum fees. Projects try to use BSC as it is "popular" blockchain right now, but most still are left with Ethereum.
I think that you are wrong by saying that BSC is the copy of Ethereum. I see no staking on options on BSC. They might be a copy, but of a very and very old version of Ethereum. But in general they have copied only contract part of Ethereum code and that is it.

[btcltcdigger]

Ever since the "De-Fi" craze began on 2020, Binance Coin has been on a constant uptrend in price. It went all the way from nearly $20 to just $500 in a matter of months. Binance has done a good job in promoting its own currency, resulting in massive adoption in the mainstream world. The world's largest crypto exchange owns "CoinMarketCap" so it has all the tools to make BNB a huge success. With near-zero fees and near-instant transaction confirmation times, Binance Smart Chain (which powers BNB) could become the "next Ethereum" in the crypto/blockchain space. Vitalik and his team better hurry up on scaling Ethereum before it's too late. With how fast BNB has grown lately, it could flip ETH sometime in the future.

What do you think? Is Binance Smart Chain the "New Ethereum"? Or is it too early to tell? Do you think it will replace Ethereum sometime in the future? Are current prices sustainable in the long run? Your input will be greatly appreciated. Thank you very much

It is not and it will never be. Binance chain is a poor copy of ETH network, and as such can never be better than it.
ATM it's popular because of the higher gas fee's on ETH, but other than that, it's a nest for meme coins and rug pulls

[uneps]

In reality, as of now Binance is growing well overall, and numerous crypto clients have changed to the BSC network, so that from one day to another its improvement is expanding, and they enjoy the accompanying benefits;

* Fast transactions

*Low Transactions cost

Yet, I think it is too soon to say that BSC is the new Ethereum, on the grounds that etherem is likewise developing with  awesome, particularly over the most recent two days etherem transaction expenses have diminished by half, this emphatically affects ETH's future development, obviously BNB presently can't beat ETH's fame ,

However much I loved the Binance Smart Chain, they can't be the "new" or "next" Ethereum. Nobody can supplant Ethereum regardless of that we are so weary of these extreme gas charges

Furthermore, I have an inclination that Eth 2.0 will be coming soon as they are changing from evidence of-work to confirmation of-stake. With this one, Ethereum would be relentless!

I totally agree with what you said.  To say BNB is equivalent to ETH.  Maybe now is not the right time to say BNB is equivalent to ETH.  But over time BNB will compete with ETH if the ETH Fee is not reduced.  Because currently BNB is growing rapidly because the fee is cheaper and the process is fast.  If ETH is able to change the fee cheaper than the transaction process, then BNB will be far behind compared to ETH.

[dark1234]

several advantages when traders and investors decide to choose BNB. First, in terms of transaction fees, BNB is much cheaper than crypto assets like BTC and ETH.
Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH 

[TWW]

several advantages when traders and investors decide to choose BNB. First, in terms of transaction fees, BNB is much cheaper than crypto assets like BTC and ETH.
Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH 

of course Binance Smart Chain can exceed ethereum because until now the use of the BSC network is increasing and more and more new smart contracts are being created, BSC can have many enthusiasts because it is fast and cheap when making transactions so many people like it.

all went very well because BSC got strong market support also from the binance community. moreover, the conditions are also very favorable for BSC to be very popular when ethereum is having problems.
BSC has extraordinary capabilities to compete with other platforms such as Polkadot and Polygon. they are both new and the BSC I believe is superior too.

[Ndlongap Ndlongop]

I didn't think that BNB could be like now, BNB's performance was too fast because of the support from their group (exchange), whether it will become a competitor to ETH, I'm not sure, ETH is already strong and has a lot of support from the platform.

[Dollar_Hunter]

several advantages when traders and investors decide to choose BNB. First, in terms of transaction fees, BNB is much cheaper than crypto assets like BTC and ETH.
Second, Blockchain Smart Chain (BSC) has smart contract features that are almost equivalent to smart contracts on the Ethereum blockchain.
Third, BNB transaction processing is also faster than most crypto assets. Also, BNB has an extensive ecosystem, because it is published by the major crypto asset exchange Binance, so its liquidity will be large.
So in the years to come, maybe BNB is no longer equivalent, maybe it will exceed ETH 

of course Binance Smart Chain can exceed ethereum because until now the use of the BSC network is increasing and more and more new smart contracts are being created, BSC can have many enthusiasts because it is fast and cheap when making transactions so many people like it.

all went very well because BSC got strong market support also from the binance community. moreover, the conditions are also very favorable for BSC to be very popular when ethereum is having problems.
BSC has extraordinary capabilities to compete with other platforms such as Polkadot and Polygon. they are both new and the BSC I believe is superior too.

This is where the Binance Smart Chain is growing and it can't be separated from the support of the binance community,
Besides that, the low transaction fees make Binance Smart Chain very popular and probably won't stop there,
if you compare it with polka dots and polygons, of course Binance Smart Chain is far superior and everyone knows too

[trauchot]

At the moment it looks like it is, but so far Ethereum is still much more popular than Binance Smart Chain and I think after the release of Ethereum 2.0, Binance Smart Chain will not have a chance to catch up with Ethereum for a long time, but so far both Binance Smart Chain and Ethereum are very popular and of course I'm more used to making transactions through the Ethereum blockchain, but recently I had to use BSC due to low cost of transactions, but otherwise I think that in the future BSC and Ethereum will be about equal in popularity and demand.

[speedy963]

Comparing two coins should never he a thing since each one has their own uniqueness despite of some similarities. And while some may think that others may be a copy of another, that's just not true(read more about the reason why in google). In price though, binance truly is very undervalued. Specially polkadot. Even though these three coins are not exactly the same, the have quite the similarities. But investment wise, I'd put my money on bnb and polkadot but wont leave out ethereum. This is because both poladot and bnb have huge chances of giving much more profits than ethereum in the long run. Still though, Ethereum shouldn't be excluded from any portfolio for obvious reasons.

[killerfrost]

Comparing two coins should never he a thing since each one has their own uniqueness despite of some similarities. And while some may think that others may be a copy of another, that's just not true(read more about the reason why in google). In price though, binance truly is very undervalued. Specially polkadot. Even though these three coins are not exactly the same, the have quite the similarities. But investment wise, I'd put my money on bnb and polkadot but wont leave out ethereum. This is because both poladot and bnb have huge chances of giving much more profits than ethereum in the long run. Still though, Ethereum shouldn't be excluded from any portfolio for obvious reasons.

I strongly agree with your point, it is not necessary to make too many comparisons of the top platform coins. The things that many people say to compare the difference between them honestly, I don't understand what their thoughts and desires are for this market.
There are so many good things to choose from and if we don't like it, we should respect what it is doing to the market.

[richcorner100]

I think so, Binance is the next Ethereum. Lets see back price of ETH for about 6 years since created on 2015 until now, and let see too price of BNB that started traded on 2017. Both is similar, and BNB have room to surpass ETH according to market cap and total volume transaction. Development of BNB is not only about blockchain of smart contract but also others product related crypto, like CEX and DEX of Binance, NFT marketplace and others.

[mauriek]

ETH is still better than BNB.  Because many coins use the ETH network.  But nothing is impossible, BNB could just follow in the footsteps of ETH.  Maybe one day BNB will go hand in hand with ETH.  Because now many peopel using BNB it.  In addition to cheap fees, the transaction process is also fast.And many other advantages such as being able to be used for easy farming and staking. And also for now many products use the BNB network.

[iTradeChips]

I did some basic research about the tokens in side the Binance Smart Chain and boy I was amazed on how many they are now. I am doing some bit on research though on some shit tokens there (sorry if the dev are offended, that's the general term) or maybe I call them cheap coins or cheap tokens. But I am trying to check which is viable to my investment. I am seeing SPORE but I have not researched that further to give myself a decision. Maybe use my money to eat at Burger King or buy some SPORE and wait for it to blossom.

[sarmrakib]

I didn't think that BNB could be like now, BNB's performance was too fast because of the support from their group (exchange), whether it will become a competitor to ETH, I'm not sure, ETH is already strong and has a lot of support from the platform.

We all know that eth has a strong platform and they have well established blockchain .Fact is that the transaction fee ,we have seen that the transaction fee has increased on the recent past that's why BSC has made a competition with eth .It is also true that BSC has developed well and the fee is less than eth chain .But at the recent time we have seen that the transaction fee of the eth is getting done and its become more popular once again.

[seoincorporation]

BSC is just a copy of the Ethereum smart contracts, but with their own chain they can earn more with the fees while people create more Tokens. But I don't think it will replace ETH, in the end people who make a token with ETH could make a copy in the smart chain. Is really cheap to make a token and the problem of that is what will happen if people start cloning the tokens from one ETH smart contract to BSC, which will be the new kind of identity fraud.

In the end, its a Grady decision by Binance, and it only brings confusion to the tokens world.

[masulum]

If in terms of competition maybe BSC will never win with ETH, the popularity of ETH is also much higher than BSC. Here, we may not be able to compare the two in terms of popularity and use cases. But, we just need to make BSC an alternative to owning crypto. when ETH gas was like some time ago, we had BSC which had cheaper gas costs to continue trading to find early project that can giving us more profits.

[smartaction]

Binance smart chain are being used a lot now for lower transcation fees. The big support for BSC Chain is Binance Exchange. Because it is the largest exchanger. And as has been seen lately.  The tokens of the BSC platform are being listed on Binance in the highest bid. on the other hand Pancakeswap  have become much more popular. So now most of the tokens are being created on the bsc platform. So bnb will collide with ETH very soon

[apa don]

This is where the Binance Smart Chain is growing and it can't be separated from the support of the binance community,
Besides that, the low transaction fees make Binance Smart Chain very popular and probably won't stop there,
if you compare it with polka dots and polygons, of course Binance Smart Chain is far superior and everyone knows too

Yes, and that means that Binance Smart Chain only wins because there is a large community support so that its development can be very sharp, especially since the Binance exchange is also very popular so that their platform will also be quickly recognized by everyone in the crypto space.

[Fredomago]

If in terms of competition maybe BSC will never win with ETH, the popularity of ETH is also much higher than BSC. Here, we may not be able to compare the two in terms of popularity and use cases. But, we just need to make BSC an alternative to owning crypto. when ETH gas was like some time ago, we had BSC which had cheaper gas costs to continue trading to find early project that can giving us more profits.

For now it's far from comparing this coin to ETH, the success that ETH already achieved is still far, though who knows what future awaits to this project, there's always a good possibilities that the competition will continue to grow.

For now, we are enjoying the benefits for having BSC as a good alternatives especially when those time where ETH transaction fees are really high,

BSC serves as good venue for developers and traders who wanted to use chain that won't charge them a lot.