Is Binance Smart Chain the "New Ethereum"?

[mr.robot8]

no the bsb blockchain is only a temporary refuge due to the fee problems on the eth blockchain, as soon as the fees return to normal values ​​many users will return to using eth normally, as before bsc is an excellent blockchain but not yet at the height of that of eth

[izsara]

actualy if we look from the existing traffic it is too early to say Binance as the next eth.
this may happen but it takes time and it takes quite a long time to make binance the next eth.
but considering that binance has more and more fans, I think it can happen, although it takes time, but it can happen.
so when this happens his scheme will be like Bitcoin remains the King of all coins, ETH will follow towards bitcoin as well as Binance will follow towards ETH.
the only problem is time, don't know when this happened but it will definitely happen.

[Ezravdb]

for now I see quite good progress on the Binance Smart Chain platform because it has spawned many successful projects. Developers are interested in choosing BSC because it is quite cheap and fast in terms of transaction costs. People prefer $0.01 over $50 on the ETH network.

[kak uli]

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

Seeing the madness in the current BNB price growth is possible, but it is not as easy as raising palms if you have to replace Ethereum, which we know that Eth also has a strong network and continues to be developed. maybe the two tokens will continue to compete in the market

[Coyster]

actualy if we look from the existing traffic it is too early to say Binance as the next eth.

I second that as well, Binance Smart Chain is prolly doing very well on the altcoin network with it's pretty low fees, but I think it's only consistency that can make it as good as ethereum in the long run, and at the moment, the whole 'next ethereum thing' with BSC is coming a bit too early; ethereum has a couple of issues they have to address, high fees being one of them, and I expect the eth team to work on all their flaws, and another thing is, investors choose ETH to other altcoins cause it's sufficient and adequate for long time ROI; that's prolly why no coin is yet to be 'the next ethereum'.

[devollito]

It is just like ethereum and it is forked from ethereum, we can not compare it to ethereum, because ethereum is the first smart contract chain. Ethereum also have the most decentralised network if we compare to bsc.

[WalkerIVIV]

no the bsb blockchain is only a temporary refuge due to the fee problems on the eth blockchain,

You must see that based on the fundamental as well. People will not move easily to the ethereum chain again. The small players might do that but im not sure about all of BSC players who were coming from ethereum tried to go back again to the ethereum. They will be using both of blockchain.
Even when ethereum fees gets solved by the next update and the situation will be the same like this time and it will not change a lot.

[AmoreJaz]

It is just like ethereum and it is forked from ethereum, we can not compare it to ethereum, because ethereum is the first smart contract chain. Ethereum also have the most decentralised network if we compare to bsc.

definitely, eth has the decentralised network here. right now, bsc gained their popularity owed to high fees in eth. but once eth rectified their prob, i guess, these projects more then likely will use both chains. eth is more popular than bsc. just so happen that people got fed up on its unreasonable fees. hope to see eth with cheaper fees again. but will take time maybe.
will not treat bsc as new eth. they have their own identities. and i want them to co-exist, as long as they are catering crypto users at their best.

[kram31]

Yes it could be, but I think not this time I guess in my own opinion. Even there's a lot of new projects are using BSC platform to their utility token.
However, the price of ETH so far was kicking in the market actually. And most of the altcoins too are dumped their value as well while Bitcoin was dumped its price too.

[avadonne]

It is possible. Given the same concept. Binance Smart Chain can surpass Ethereum price. And can be more convenient and safe platform to use.

[gabbie2010]

Binance Smart Chain BSC is a smart move by Binance to capitalize on the anomaly associated with ethereum ERC20 especially in the area of high transaction gas fees, Network congestions no wonder a lot of new projects are diverting to BSC consequently enhanced the growth of binance coin BNB I believed this latest development resulted to the recent bullish run of BNB.
Unless ethereum developers improve on those problems associated with it network else they continue to lose new projects to BSC.

[OcTradism]

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.

Changpeng Zao began as one of first staffs in the Blockchain.info company and all in invested into Bitcoin. Years later his brave investment decision, he created his exchange company Binance, took the technical and customer support problems on Poloniex and Bittrex to shill his exchange. Four years later the birthday of Binance, he created a big ecosystem around the exchange.

I don't like to call any cryptocurrency is a next Bitcoin or next Ethereum. BNB is BNB and it should be called like this. BNB can be bigger than Ethereum in next 1 or 2 years. With exchange operations, alternative for token companies, coinmarketcap website and many promotions, not yet mention their corporations with local exchanges :Warzix, Tokocrypto, etc.

Vitalik and his team better hurry up on scaling Ethereum before it's too late.

Vitalik and ETH team are too slow to upgrade and it looks to be their style. It will be hard to change.

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?

I am sure BNB will have a price at thounsands of dollar in this year. Higher than ETH in this year, I don't know but it is possible.

The price of BNB will be more sustainable than ETH or any altcoins because it is backed by Binance. Bull market or bear market, people will keep using Binance for their trades.

[Slow death]

It is possible. Given the same concept. Binance Smart Chain can surpass Ethereum price. And can be more convenient and safe platform to use.

binance managed to take advantage of the fragility of ETH, so far the owner of binance has managed to overcome a lot as he became a better exchange, acquired coinmarketcap, now took the place of ETH, I will not be surprised if one day we hear that the owner of binance entered the mining and cloud mining business. the guy is an innovation machine

[DapanasFruit]

We are here comparing orange with an apple. Which is orange and which is apple depends on who is looking at these two interesting platforms. Ethereum has already made a big impact in the world of cryptocurrency and I think it will really go on to become the top 2 next to Bitcoin for a long, long time while BNB is catching up as it is also making a lot of inroads here in this industry. Both posses their own advantages and benefits and that is why users of both platforms are growing at a good rate. To be bias, I am more excited with Binance since this has more dynamism to me, and it got related infrastructures already in place. In between the two, I can see more entrepreneurship with the people behind BNB than with Ethereum. Anyway, I am actually using both networks so I am wishing these two the best.

[Farma]

Personally, if all the altcoins on the ETC20 platform had a BSC platform, I would use the BSC platform. At present the ridiculously high fees of Ethereum make a lot of people complain. So, it's only natural that many people feel that BSC is the next ethereum. But it would be a different story if ETH 2.0 made Ethereum better on fees.

[RussianEnglishTranslation]

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

Binance and BNB will likely do well if it can continue to successfully avoid regulation. Right now it's been pumping due to a recent token burn and high Ethereum gas fees. Ethereum is upgrading several times this year to reduce gas fees, so there will be less of an incentive to use BSC. The question is, how much TVL can BSC achieve before Ethereum scales. Personally, I am using multiple chains Ethereum and Ethereum tokens. 0xMR for example exists on seven blockchains, including BSC, so I can use Ethereum dapps or BSC dapps as I choose. I'm finding better returns with Defi on BSC but the risk of exit scams is higher.

[capokmerah]

At first glance, when seen in plain view, BSC is almost the same as ETH. but in fact, they are two different platforms in fact they are in fierce competition. until there is a statement that BSC plagiarizes ETH. BSC offers lower fees and speed of transactions. it is interesting to see what the development of the BSC will be like in the future.

[Psynthax]

Will BSC be able to compete with ETH on security?

It seems that many platforms are still not accepting BSC to transfer assets....

Nah it can't although PoS that ETH gonna be switching to is said to be not as secured as PoW which ETH currently has it's still far secure compared to a blockchain that has limited running node as validator and totally controlled by the company behind that chain.
I know many people gonna say that Binance is too big to exit scam but by having to control the set of validators it gives them power to manipulate the blockchain as well in my opinion and that doesn't seem to be good if any projects trying to create their token on top of that platform.
The centralization of validator could make transaction fast and cheap indeed but using BSC only as good as sending money or swap platforms.

[bittawm]

my 2 cents

BNB>ETH

[aprilnot]

it is still too early if the Binance Smart Chain is able to replace Ethereum or it is said to be the new Ethereum at this time.  The high cost of gas incurred by Ethereum is able to create a new breakthrough developed by the Binance Smart Chain so that Binance is the right solution to overcome the gas costs that must be incurred.  no wonder that most projects currently switch to Binance because it has lower transaction fees, perhaps more precisely Binance Smart Chain can be said to be a competitor to ethereum at this time

a competitor that has a high probability of replacing ethereum in the future. in the future Binance smart Chain may have a larger number of transactions than the ethereum network. and many projects use BSC instead of ethereum because the GAS fee problem cannot be resolved. This is a tough time for ethereum if the problem is not resolved as soon as possible, this could trigger people to switch to the BSC platform.