Is Binance Smart Chain the "New Ethereum"?

[pedrillo0]

Binance coin is a very good alternative of speed and low cost of fees unlike Ethereum.
I could say that right now it is better than ETH, which is why De-Fi now gives it preference.
But ETH has a very large market to be in danger from Binance Coin, I think that when ETH 2.0 comes out this market will double, it will triple.
Let's hope to see what happens in the future...

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[iTradeChips]

Binance coin is a very good alternative of speed and low cost of fees unlike Ethereum.
I could say that right now it is better than ETH, which is why De-Fi now gives it preference.
But ETH has a very large market to be in danger from Binance Coin, I think that when ETH 2.0 comes out this market will double, it will triple.
Let's hope to see what happens in the future...

Since you have mentioned that I would like to think that these two coins are like the analogy of a car company. Think of Ethereum as a Ferrari, high powered and luxurious like its expensive fees right now. The other is a high powered Mitsubishi EVO that can also pack a powerful punch. They both have supporters and many are also buying them, But you ask them all of course they will say that Ferrari is the high end. I think this is the best analogy I could give for comparing these two coins.

[7788bitcoin]

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.

Anything Binance does is just replicate successful projects and try to make them better and they are successful in that as they have a monopoly over the market now as they are creating their own version of any new technology so that they can stay ahead in this market and make the profit. Everyone knows what they are doing but no one is bothered because everyone is looking after the profits they can make and until there is a major negative disruption in the market against these monopoly everyone will dance to their tune .

[nurilham]

Is Binance Smart Chain the "New Ethereum"?

I am sure all people won't agree if you state BSC is the new Ethereum. The is no correlation between Ethereum and BSC. Even if BSC is trying to solve the problem of Ethereum transaction gas and it is also using MetaMask, but those are different things. BSC is fully controlled by the Binance exchange, while Ethereum is owned by Vitalik. Those won't have the same ways and must have their own networks.

[fearfulcalm]

actually in BSC, how can the fee stay so low?
in the future BSC will have same problem than ETH 

[poodle63]

actually in BSC, how can the fee stay so low?
in the future BSC will have same problem than ETH  

It was specifically made for scaling and already having the mindset of preventing massive gas price fluctuation that's why they are deemed as rather centralized
by most of people since I've heard all validator in this chain fully controlled by one entity. they are high in TPS as well but they could get congested just like what ethereum is
facing right now, just have bigger capability to keep the transaction fee at bay. but unfortunately though it's so populated with some random defi projects that it infest BSC to the point where there's thousands rugpull and scam
activities happening.

[Abiky]

well, because ethereum fees are more expensive than BSC, and because there are some other problems, nowadays people tend to use BSC instead of ETH in building new projects. Well, I myself feel the fee is cheap, and the transaction is fast. I think, BSC can be said as the new ethereum in the future. but for now, it looks like the use of ETH is still more than BSC, especially now that there are so many coins that use the ethereum platform.

People will use the platform that's leaves them with "more bang for their buck". It's no wonder why BSC rose to fame at such a short amount of time. Ethereum may have the best dApps and tokens in the crypto/Blockchain space, but if it doesn't solve the "high gas fees" it won't be going anywhere. Only whales and wealthy people will be able to use ETH on a daily basis. Developers better hurry scaling the ETH blockchain before it's too late. The much-awaited ETH 2.0 upgrade should get things going for the world's second-largest cryptocurrency by market cap. In the meantime, Binance Smart Chain would be the platform to use for "De-Fi" and NFTs.

Nonetheless, it seems to me that Binance Smart Chain (BSC) is here to stay. It may never be able  to replace ETH, but it'll serve as an alternative for people looking into blazing-fast transaction processing times at a fraction of the cost. BNB might remain as the world's third-largest cryptocurrency by market cap, because of its ever-growing popularity in the mainstream world. Time will tell us what lies ahead for both platforms (ETH and BSC) as crypto/Blockchain tech becomes regulated by mainstream governments. Just my thoughts

[Golftech]

Is Binance Smart Chain the "New Ethereum"?

I am sure all people won't agree if you state BSC is the new Ethereum. The is no correlation between Ethereum and BSC. Even if BSC is trying to solve the problem of Ethereum transaction gas and it is also using MetaMask, but those are different things. BSC is fully controlled by the Binance exchange, while Ethereum is owned by Vitalik. Those won't have the same ways and must have their own networks.

Still far away price BSC and ethereum, how ever I disagree with both coins which one is prefer and potential for the future because both coin never against with bitcoin price, every time when bitcoin down both coin BSC and ETH down never can stay with their self how to be strong when bitcoin down they keep have higher price.

It's the momentum insied the market and once Bitcoin suffer everything around are also suffering the

bloodshed, still far to have an independent run as the entire community still checking for bitcoin before

moving to another alts to invest their money, not even this two giant project can sustain theur value

when bitcoin start to dump,.

[bitgolden]

People will use the platform that's leaves them with "more bang for their buck". It's no wonder why BSC rose to fame at such a short amount of time. Ethereum may have the best dApps and tokens in the crypto/Blockchain space, but if it doesn't solve the "high gas fees" it won't be going anywhere. Only whales and wealthy people will be able to use ETH on a daily basis. Developers better hurry scaling the ETH blockchain before it's too late. The much-awaited ETH 2.0 upgrade should get things going for the world's second-largest cryptocurrency by market cap. In the meantime, Binance Smart Chain would be the platform to use for "De-Fi" and NFTs.

Nonetheless, it seems to me that Binance Smart Chain (BSC) is here to stay. It may never be able  to replace ETH, but it'll serve as an alternative for people looking into blazing-fast transaction processing times at a fraction of the cost. BNB might remain as the world's third-largest cryptocurrency by market cap, because of its ever-growing popularity in the mainstream world. Time will tell us what lies ahead for both platforms (ETH and BSC) as crypto/Blockchain tech becomes regulated by mainstream governments. Just my thoughts

Even after the eth gas fee dropped there is still a ton of people using BSC over ETH because how they are used to it. I mean it does make sense in a way because once ETH lost all these people, they are all gone and why would they come back? Does ETH offer something better? If not they left because of a reason and they will only come back for a reason and there is none right now.

I believe eth will get better after eip 1559 happens and prices change a lot but I still think that BSC people like me will only return to ETH if there is a good reason, not just "we are nearly there on gas fee" because that is not a good enough reason, but a much better reason like how they are doing something BSC is not doing at all. Even those projects at ETH which are looking good do not mean anything when there are so many good projects at BSC as well.

[VanDeinsberg12]

People will use the platform that's leaves them with "more bang for their buck". It's no wonder why BSC rose to fame at such a short amount of time. Ethereum may have the best dApps and tokens in the crypto/Blockchain space, but if it doesn't solve the "high gas fees" it won't be going anywhere. Only whales and wealthy people will be able to use ETH on a daily basis. Developers better hurry scaling the ETH blockchain before it's too late. The much-awaited ETH 2.0 upgrade should get things going for the world's second-largest cryptocurrency by market cap. In the meantime, Binance Smart Chain would be the platform to use for "De-Fi" and NFTs.

Nonetheless, it seems to me that Binance Smart Chain (BSC) is here to stay. It may never be able  to replace ETH, but it'll serve as an alternative for people looking into blazing-fast transaction processing times at a fraction of the cost. BNB might remain as the world's third-largest cryptocurrency by market cap, because of its ever-growing popularity in the mainstream world. Time will tell us what lies ahead for both platforms (ETH and BSC) as crypto/Blockchain tech becomes regulated by mainstream governments. Just my thoughts

Even after the eth gas fee dropped there is still a ton of people using BSC over ETH because how they are used to it. I mean it does make sense in a way because once ETH lost all these people, they are all gone and why would they come back? Does ETH offer something better? If not they left because of a reason and they will only come back for a reason and there is none right now.

I believe eth will get better after eip 1559 happens and prices change a lot but I still think that BSC people like me will only return to ETH if there is a good reason, not just "we are nearly there on gas fee" because that is not a good enough reason, but a much better reason like how they are doing something BSC is not doing at all. Even those projects at ETH which are looking good do not mean anything when there are so many good projects at BSC as well.

People sticks to BSC not because they love the blockchain but because the projects there are many varieties from the pump and dump coins to some decent project but honestly I never see something serious developed in BSC beside the defi.

Most of the long term promising projects either still stick to ethereum or create their own mainnet, also if RSK become the next big thing it could potentially reduce the market share of coins below 3rd rank.
I think you know it very well that the only thing keeping people in BSC are those shitcoins for trying luck or in a nutshell gambling. but that's just my opinion alright, take it with grain of salt

[deathcode]

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's too early to tell but I like using it since I start investing in DEX they are very cheap fast and you can even create a bridge on your Ethereum, I don't like to call it a new Ethereum, it should create a name for itself and not follow Ethereum because they are the nearest competitor of Ethereum.

success brings traders who are struggling due to the high transaction fees of ethereum on a simple, fast and cheap exchange already provided by BSC. we see how the popularity of Uniswap with the ethereum network applied very expensive fees at that time. everyone screamed because they couldn't trade anymore. but BSC came up with a very helpful solution for traders.
we really can't call it new ethereum. because BSC has now formed a strong new ecosystem.

[unusualfacts30]

one of the thing that makes binance better is that they have their own exchange and apps that are easy to get to compare to eth. Lot of new alts are being built on smart chain vs eth this takes a load off eth network and fees are cheaper compare to what they were before bsc came across. As long as they continue to improve they'll grow at much faster rate.

[SARA ISLAM]

It is not yet time to mention whether Binance Smart Chain is that the new Ethereum, as Ethereum still holds its position within the coin market, but Binance Smart Chain is probably going ahead with transaction fees and other benefits.

[VIP BTC]

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

I think the presence of Binance Smart Chain in the coin world adds to the list of successful coins now and in the future, ETH is indeed very moving and is still holding on to this day, but I believe Binance Smart Chain will also survive in the long term.

[leea-1334]

If it is indeed,,, then is BNB prepared to go through what happened to ETH? From 1400 it dropped to below 90. For a similar move for BNB it would have to drop below $40:)

Will people be prepared to hold on as much or will they let go? And about the devs? Binance devs ready to let go and decentralize at some point? I think not really right?

[bison]

I think the presence of Binance Smart Chain in the coin world adds to the list of successful coins now and in the future, ETH is indeed very moving and is still holding on to this day, but I believe Binance Smart Chain will also survive in the long term.

Yes, BSC will survive and will continue to grow, with a large market capitalist today, and the many projects that host to it, this will strengthen the foundation of BSC to survive in the future.

[chakhigh]

I believe there is so much potential in Binance Smart Chain. New projects use it instead of Ethereum. More financial platforms (like the MocktailSwap) rely on it to attract more users.

So, yes, BSC has the potential to grow bigger.

[harapan]

 Binance Smart Chain is not in any way the new Ethereum, binance chain has managed to make a name for itself and has worked its way up to becoming one of the top altcoins on coin market with the coin price growing from just tens of dollars to hundreds of dollars and since then it has been doing great, we also can't deny the fact that since eth gas fees became unbearable for retail traders, so many projects have been launched on binance chain, the ecosystem has grown massively throughout this bull run, but can't call it the new Ethereum just because of that.

[Abiky]

People sticks to BSC not because they love the blockchain but because the projects there are many varieties from the pump and dump coins to some decent project but honestly I never see something serious developed in BSC beside the defi.

Most of the long term promising projects either still stick to ethereum or create their own mainnet, also if RSK become the next big thing it could potentially reduce the market share of coins below 3rd rank.
I think you know it very well that the only thing keeping people in BSC are those shitcoins for trying luck or in a nutshell gambling. but that's just my opinion alright, take it with grain of salt

BSC is extremely popular because of the low fees and blazing-fast transaction speeds. This makes Binance Smart Chain the ideal Ethereum alternative. Of course, the platform is utterly centralized. But most people don't care as long as they're able to fill their pockets with money in the least time possible. With useless coins like SHIBA and Safemoon gaining traction on BSC, anything can be expected. I'm surprised how fast BNB went all the way to the moon compared to other cryptocurrencies on the market. Binance Coin is now the third-largest cryptocurrency by market cap next to Ethereum. It may never replace ETH, but it could retain its position on the market as people use it more thoroughly in the mainstream world.

No matter what happens in the future, both BNB and ETH will be here to stay. They will continue to grow until they become a "force to reckon with". Since BSC is based on Ethereum, the world's second-largest cryptocurrency by market cap has nothing to lose. Just my opinion

[marcous]

Yes, BSC will survive and will continue to grow, with a large market capitalist today, and the many projects that host to it, this will strengthen the foundation of BSC to survive in the future.

True, and this kind of thing has also happened to ETH in the past where many projects want to use the ETH platform to create their tokens so that ETH is now really strong and difficult to compete with others, as well as the current BSC where the foundation will be really strong if all new projects want to use BSC in terms of creating new tokens.