Ethereum or Binance Chain (BNB)?

[tvplus006]

If I look at the conditions of the transaction fees of these two platforms I see that they have a clear difference, BSC is very good for making transactions between exchanges or wallets at a low cost, while the ethereum platform gas fees are too expensive so it makes many people think more when they want to make transactions on the ethereum platform.

In addition to BSC, there are a lot of other blockchains that have much lower fees than in the ethereum network. But despite this, developers continue to use the ethereum blockchain for their projects. This is due to the high trust and decentralization of this network.

[leea-1334]

I will admit it. I tried BSC and I loved how fast it looked and how slick everything was,,, but still, it took me years to get convinced by Ethereum and now that I finally am, I do not think it is easy to move. It is not just about speed and cost as I am still using Bitcoin not BCH for example;),,, but you have to really think about security and stability in the big picture.

[Abiky]

Ethereum had been an asset for me. I stopped using it for transactions because of the high fees.
None of us want to waste a lot of money just for hundreds of dollars to be sent to someone. Right?

BNB on other hand had some good usage for me for the transactions that I needed. With the BEP20 chain option, I don't even need a dollar just to get it through.
I think that is why they are one of the top now. It's usage that makes people buy more BNB, this ain't different from how strong Ethereum was because of it's cheap fees.

I feel you. Paying high fees each time you perform a transaction is a real pain in the head. No one is willing to do this except whales and the wealthy. Binance Chain, although centralized, has a better user experience with its ultra-low fees and blazing-fast transaction confirmation times. It's no wonder why BNB soared all the way towards becoming the third-largest cryptocurrency by market cap. People can't stand ETH's degrading performance, leading them to look for other alternatives that are much more economical and faster to use for mainstream payments. The longer it takes for ETH to scale, the higher BNB will go.

Which of the aforementioned coins are best, that's up to you to decide. I'd say neither is better because they serve unique purposes in real life. Despite ETH's high gas fees and slow transaction processing times, no other blockchain can outmatch its level of mainstream adoption. The ETH ecosystem is the largest one in the crypto/Blockchain space besides Bitcoin. Developers are building dApps on ETH at a larger scale than competing smart contract platforms. As long as ETH is the leader of decentralized applications, BNB won't be going anywhere. At this point, we could say that BNB serves as an alternative to ETH than a replacement. Just my opinion

[manok jepang]

I personally prefer the etherem over the binance, because ETH is a network that is very widely used by crypto users, because the etherem is a very stable altcoin and has a very strong and wide network in a crypto, in a contrast to the bsc which is a new network in the crypto , even though BNB is currently popular, with a very low transaction value compared to the eth, the eth remains the second best after BTC,

[leea-1334]

I personally prefer the etherem over the binance, because ETH is a network that is very widely used by crypto users, because the etherem is a very stable altcoin and has a very strong and wide network in a crypto, in a contrast to the bsc which is a new network in the crypto , even though BNB is currently popular, with a very low transaction value compared to the eth, the eth remains the second best after BTC,

As I said above I have really seen BSC and experienced it myself but yes, that alone (being fast and pretty) is not enough to convince me to switch over just yet. Ethereum has a way more better collection of devs and reputation. Old users will also agree and once the new defi users get bored they might also then realize ETH is where the non-defi utility is.

[jrrsparkles]

Centralized vs decentralized that is what the comparison will look like, but projects just want profits so they actually don't have any idea to create a project, they simply create and launch while people also starts to invest on those centralized projects duento hype which is called ultra low fee.

[ven7net]

There's a new kid in town named "Binance Smart Chain" focused on rivaling Ethereum into becoming the world's second-largest cryptocurrency by market cap. It went all the way from being worth cents (in USD) to just hundreds of dollars in an instant. Unlike Ethereum, Binance's smart contract platform offers a greater degree of flexibility with ultra-low fees and blazing-fast transaction processing times.

Of course, no other cryptocurrency (except Bitcoin) can outmatch Ethereum's level of decentralization. I guess that's why most developers continue to build dApps on ETH instead of migrating to BNB altogether. For different tastes, needs, and/or purposes in life, will be the type of cryptocurrency to use.

I prefer Binance Chain over Ethereum anytime because of its benefits. But some people will prefer Ethereum over Binance Chain because of its decentralized and censorship-resistant design.

What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you

At the moment I am using both Ethereum and Binance Smart Chain. The fact is that earlier I used only Ethereum, but after the price of commissions in the Ethereum network increased significantly, I began to use additional networks, for example, such as Tron and LTC, but with the advent of Binance Smart Chain, I also switched to this network, since it allows you to partially replace the work of the Ethereum network, while it has advantages. But in order not to miss all the possible benefits from different networks, I try to use different networks, which allows me to derive the maximum benefit.

[carlisle1]

Centralized vs decentralized that is what the comparison will look like, but projects just want profits so they actually don't have any idea to create a project, they simply create and launch while people also starts to invest on those centralized projects duento hype which is called ultra low fee.

Good comparison and yes that's really the matter, it's all about quick profits whatever system
it is as long as dev  will benefits they'll going to use what they've think investors will follow them.

There are traders and investors who are seeking for fast profits and they're not minding which platform
the project was create,  aside from fees where the issue from ETH was being voice out.

They are more concern with how they'll going take advantage whatever chain it is as long as there are opportunities.

[jrrsparkles]

Centralized vs decentralized that is what the comparison will look like, but projects just want profits so they actually don't have any idea to create a project, they simply create and launch while people also starts to invest on those centralized projects duento hype which is called ultra low fee.

Good comparison and yes that's really the matter, it's all about quick profits whatever system
it is as long as dev  will benefits they'll going to use what they've think investors will follow them.

There are traders and investors who are seeking for fast profits and they're not minding which platform
the project was create,  aside from fees where the issue from ETH was being voice out.

They are more concern with how they'll going take advantage whatever chain it is as long as there are opportunities.

Devs are going to make profits while the investors are going to lose their hard earned money so those people should be more careful with what they are investing, if a project fails then its a loss for investors not for the one who created it.

[impulse709]

At the moment ,I think we all want to use BNB rather than Ethereum. Because no one wants to pay a very high fee for a transaction. but the BNB price is higher or equal to ETH then I think it will no longer be true, the transaction fee on BNB will be much higher than ETH.

[fortune1002]

Both are good because both are strong project. But many people will choose BNB now. Because we all know that Ethereum gas fee is very high so many people can't swap their 10-20$ token. If you look in BNB, a person can swap 2-3$ token. Because of this reason many projects have migrated to BNB.
I think Eth 2.0 will settle all thing may be gas fee will also decrease and we will see many new things in ETH. Also Eth is good for long term Investment.

[fullhdpixel]

Depends on what you want to do with your investment. If you are looking for a short term get in, make a profit, get out type of deal I would suggest to deal with BSC because the costs there are cheaper and you would make a quicker profit there, most things that start have a great profitable first few days and then they suck and become very low there, usually it doesn't even take a full week for it to start dropping so if you get in on the first minute and make a huge profit then get out after 24 hours you will make the most profit you can.

It is definitely kind of what you want, but I am not sure if I agree with the way you reached your result, we agree on the result. I think ETH and BNB both could be great long term projects, I do not think that BSC is just one time thing and I do not believe that BNB is only for short term. What you want idea is still definitely correct but that is not the only thing.

I personally believe that the best thing about ERC20 is the decentralization, so if you want decentralization you should focus on ETH and what it will do, and if you want to believe that Binance wants to increase the price of BNB (which obviously they do) that would mean that we could see the price going up a lot there as well. So both of them are definitely a great striking distance from each other and if you want decentralized or not you can still make your decision so that part is correct.

[senyorito123]

I choosed both because both of these coins are still good, eventhough BNB is dominating right now because it's newer and lower fees but i think ETH is still strong in the market for at least 5 years. So for me it's better to take attentions for this two rather than choosing one of them

I also choose both, we can totally see how good both is, though there is a downfall but still it can manage to maintain their standing in crypto. They are both the choices of many people in crypto because of its capabilities and wholeness as a good and useful coins. Let us also remember that the experience of being at the top or down is just normal. Never easily panic about it, better to be calm always.

[Abiky]

As I said above I have really seen BSC and experienced it myself but yes, that alone (being fast and pretty) is not enough to convince me to switch over just yet. Ethereum has a way more better collection of devs and reputation. Old users will also agree and once the new defi users get bored they might also then realize ETH is where the non-defi utility is.

Ethereum has better dApps, tokens, and services around it. Still, ETH is much more expensive and slower than BNB. The vast majority of people prefer convenience on top of decentralization/censorship-resistance, so they'll choose BNB on top of ETH anytime. It's no wonder why BNB grew so fast until it became the third-largest cryptocurrency by market cap. ETH devs better address the "high fee" issue before it's too late. Otherwise, BNB might flip ETH becoming the second-largest cryptocurrency by market cap after Bitcoin.

Nonetheless, the fate of both ETH and BNB will depend on mainstream adoption above all else. With competition in the crypto/Blockchain space, people will get to choose which crypto assets to support from the other. Not everyone will find BNB suitable for their needs, as some people prefer decentralization/censorship-resistance. As long as there's a community behind these coins, they'll stand the test of time. I'd choose Ethereum over Binance Chain anytime just because it's decentralized. High fees are a pain in the head, but it's easy to get over them with Layer-Two scaling solutions like Skale and Optimism. With ETH 2.0 along the way, Ethereum will be one step closer to become as good as Binance Chain in terms of performance and cost-efficiency. Just my opinion

[capcaypro]

both are very good for me because they have their advantages and disadvantages, for eth itself I prefer because apart from its price which is quite good in addition to that eth 2.0 is also a differentiating force for eth and this is its own advantage but unfortunately because of gas which is fairly high to be one of the barriers in eth. for bnb itself this can be more enjoyed for small traders because of its very cheap price but there are a lot of junk coins here because it is easy to make shitcoin on bnb

[Almasani]

What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you

I am more interested in the Binance Smart Chain, compared to the Ethereum Blockchain. Even though the BSC is still new, it makes it easy for users. Apart from the low transaction fees, the token transaction speed is also superior to Ethereum.
Yet BSC and Ethereum can still coexist. There is no need for someone to change their wallet to accept BSC.

[ahmia39]

~snip

I think the presence of BSC is not to compete with Ethereum, but rather to collaborate with Ethereum. So that the Ethereum network will be lighter with the presence of BSC. The concept of BSC and Ethereum concept is almost the same. We can use Ethereum for BSC and BSC for Ethereum. This proves that BSC and Ethereum can collaborate well.

[Scripture]

~snip

I think the presence of BSC is not to compete with Ethereum, but rather to collaborate with Ethereum. So that the Ethereum network will be lighter with the presence of BSC. The concept of BSC and Ethereum concept is almost the same. We can use Ethereum for BSC and BSC for Ethereum. This proves that BSC and Ethereum can collaborate well.

There's always a competition here in the market and there's no such thing as to collaborate especially between ETH and BSC. We all know that there's a lot of problem with ETH network before with regards to fees and its speed, that's why BSC was came in the market to offer a better and cheaper option. If ETH will can't solve this problem, them we might see BSC as the top option in the future.

[crzy]

~snip

I think the presence of BSC is not to compete with Ethereum, but rather to collaborate with Ethereum. So that the Ethereum network will be lighter with the presence of BSC. The concept of BSC and Ethereum concept is almost the same. We can use Ethereum for BSC and BSC for Ethereum. This proves that BSC and Ethereum can collaborate well.

There's always a competition here in the market and there's no such thing as to collaborate especially between ETH and BSC. We all know that there's a lot of problem with ETH network before with regards to fees and its speed, that's why BSC was came in the market to offer a better and cheaper option. If ETH will can't solve this problem, them we might see BSC as the top option in the future.

BSC network is growing fast and we can see that its a big threat to ETH network but this competition is healthy since it provided better options to us and I’m also confident that ETH network is still the choice of many projects because of its demand in the market, and looking at BSC now, there’s a lot of shitcoins easily coming in to this market, just like the old days of ERC20.

[martina14]

Before I like Ethereum but but when ETH began to increased its price value in the market the transaction charge also became expensive as well.
while Binance Smart Chain became famous and took the chance while ETH fee is to high and this might be the reason why most of the new projects nowadays used the BSC platform compared to ERC20. And if ETH won't do anything about their Fee transaction this might be the beginning falling of ETH(ERC20) in my own opinion only.