Is Polygon network going to be an alternative to BSC network?

[Cornia]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

[Rana590]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

In this current stage, polygon network is blowing so quickly and doing really well. If there is no benefits in a network, no project will launch there. Polygon is providing best deals for launching project in this network. I hope it will be a great era on blockchain network.

[nicolas1979]

So for which benefit, all these projects are being launched on Polygon network instead of BSC?

A new project collaboration with the owner of the smart contract that makes a project developed in a specific smart contract. It's not just talking about transaction fees and speed of transactions in seconds. If the BSC network is more dominantly used, I think the transaction speed will also decrease. Likewise with Polygon. It is possible that the project developer is also working with the Matic developer. When it comes to transaction speed, the Ethereum network is also very fast, unless we change the gas settings on the Ethereum network. But regarding the high transaction fees because the price of Ethereum is also very high at the moment.

[cabron]

Allowing token migration is how networks compete today. Its close to synthetic assets because of token bridges its becoming easier for platforms to grow such as BSC and Polygon. SOL is also jumping into this competition of platforms with the tinest gas fee so whichever you use, make sure you can easily move in and out by checking pools.

[ryzaadit]

Yes, from my perspective

Most of dAPP game has been moving to "Polygon", I read about the case problem of BSC there has some pending block while to many transaction on PCS. I'm using Polygon network to playing a game and kinda like it more less fee rather than BSC.

[mdzahed134]

Polygon network is 2 layer of solution for Ethereum it’s a main benefits which project will launched in the network. Specifically Bsc and polygon network is lower transaction fee network as well as high speed of transaction. Many new projects in migrated in those network instead of eth expensive network fee.

[Shallow]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

The answer to your question is very simple; the same reason why a lot of projects are leveraging BSC network because of high gas fees in Ethereum, is the same reason a lot projects are leveraging Polygon network now because of the increasing transaction fee of BSC network. BSC network gas fee is gradually increasing and congestion gradually coming up as well, and since Polygon offers a more cheaper transactions fee with better speed and currently no congestion, a lot of projects are moving to it. And as time goes on, a tougher competition will grow up between BSC and Polygon, at the same time, if Polygon team gets all their works and features right, the same attention and growth which BSC network witnessed and enjoyed months ago might take place within Polygon (but this is just my speculation as other blockchain networks are not relenting like Fantom).
Lastly, most projects are also migrating to different blockchains without any tangible reason other than to pump their token price.

[TastyChillySauce00]

So for which benefit, all these projects are being launched on Polygon network instead of BSC?

It's not all but some projects. I must remind you that if scalability was not only the consideration before try to launch your project on a protocol. The scalability that owned by polygon doesn't have big gap with BSC but people must also think about how much the demand that gained by the platform like BSC. This will be helping a new platform to grow even more. Remember that if a protocol has more users and then it may give more hype compared with a protocol that has less users compared with another one. BSC has better popularity among the crypto users. that makes the new project are still interesting to launch their platform on the BSC.
They were thinking polygon as an alternative to the BSC and ethereum but i must be honest about this if polygon didn't have a lot of demand like BSC. this can be seen from the TVL on plygon and BSC defi platforms.
BSC has more TVL compared with polygon defi. that means if BSC has more popularity that can give hype for a new project compared with polygon. Both were second layer solution for ethereum.

[SlimShadyMmp]

Personally I think is just another alternative to bsc just like solana or avax but been layer two so its still eth and you can bridge more seamlessly but basically what people are saying about blocks and co is just plain talk with nothing to backup so maybe just use the one you feel most comfortable and also some nft game use either bsc or polygon so it might depend on your app

[jambul_kribo]

Yes, from my perspective

Most of dAPP game has been moving to "Polygon", I read about the case problem of BSC there has some pending block while to many transaction on PCS. I'm using Polygon network to playing a game and kinda like it more less fee rather than BSC.

its be one of benefit using polygon , beside gaming i am also see prediction market that used his platform .

Allowing token migration is how networks compete today. Its close to synthetic assets because of token bridges its becoming easier for platforms to grow such as BSC and Polygon. SOL is also jumping into this competition of platforms with the tinest gas fee so whichever you use, make sure you can easily move in and out by checking pools.

now developers team have alot alternative in which platform they will use with each of them propose the best feature. gas fee be most reasonable reason at this moment why alot project moved to those chain.

[AmoreJaz]

Personally I think is just another alternative to bsc just like solana or avax but been layer two so its still eth and you can bridge more seamlessly but basically what people are saying about blocks and co is just plain talk with nothing to backup so maybe just use the one you feel most comfortable and also some nft game use either bsc or polygon so it might depend on your app

right now, we need to see more tangible projects utilizing this network. i think, it is too early to claim that polygon as an alternative to bsc. bsc gained popularity owed to eth's high gas fees. now, several networks are trying to compete with eth, and polygon and bsc are among them. but in terms of popularity, bsc is still much ahead of polygon. let us see 6 months from now and beyond if something in the market changes. what if eth network reduced significantly their gas fees? that is for us to see...

[gwdf1]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

Actually I have met a lot of projects that launched both on Polygon and Binance Smart Chain, this way they get more users. By the way, if we compare Polygon and BSC, fees on Polygon are less than one cent, as opposed to BSC where one transaction can cost around $1. Polygon is a layer 2 solution for Ethereum and BSC is an independent blockchain, so maybe projects see this fact as an advantage, and choose Polygon then. 

[RussianEnglishTranslation]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

The bridge from Ethereum to Polygon is better and can transfer more tokens. Fees on Polygon are lower and transactions are faster. Some people don't like Binance and CZ and would like a neutral blockchain to interact with. There are options other than Polygon though, like Fantom and NEAR protocol. Ref Finance is a really good AMM on NEAR protocol and the fees and speed are even better than Polygon and it's easier to use. The bridge to NEAR, rainbow bridge is the first 100% trustless bridge in crypto.

[travwill]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

In this current stage, polygon network is blowing so quickly and doing really well. If there is no benefits in a network, no project will launch there. Polygon is providing best deals for launching project in this network. I hope it will be a great era on blockchain network.

I also like how the network is developing, especially its stable work, and I have never experienced any problems with the network matic.
Will this be a replacement for the BSC? It is likely, because it looks more convenient and secure from the point of view of smart contracts.

[DarkDays]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

Good question to think about.

Here's a few rundown points why Polygon may be considered better than BSC:

1. Better performer and does not compromise on security
2. Fully decentralized (BSC is centralized)


For a full read, and perspective on the difference between the two blockchains and how Polygon is a clear winner use this article.

[zasad@]

https://cryptonews.com/news/brazils-nubank-remains-bullish-crypto-with-new-token-listings.htm
Brazil’s Nubank Remains Bullish on Crypto with New Token Listings
The Brazilian neobank Nubank’s decision to list polygon (MATIC) and uniswap (UNI) on its banking app has been met with enthusiasm from the crypto community.
Nubank first began its crypto pivot in mid-2022, when it announced it would buy bitcoin (BTC) using its balance sheet. The company claimed it would invest 1% of its portfolio in bitcoin via its holding company.

[klidex]

Personally I think is just another alternative to bsc just like solana or avax but been layer two so its still eth and you can bridge more seamlessly but basically what people are saying about blocks and co is just plain talk with nothing to backup so maybe just use the one you feel most comfortable and also some nft game use either bsc or polygon so it might depend on your app

Actually the Polygon network is not an alternative to BSC, but because the Polygon network is cheaper and friendlier than using BSC.
Recently, many new coins have started to emerge using the Polygon network, even though these coins don't have many enthusiasts, unlike the new coins that use the BSC or Solana networks.
But actually coins that use the Polygon network are also not too bad and seem to be able to survive and compete with other coins, especially on the network, which will provide slightly cheaper fees.

[abralzain17]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

I think both have the same speed in transactions, both polygons and Bsc. but both have their advantages.
polygon is a platform that has been very developed and has a very good network so that many users of the platform benefit from using it, and many projects are also launched using the Polygon platform. from there we can conclude that polygon is a type of blockchain that can provide great benefits for its users. besides that Bsc is the same way, where this platform continues to be favored by many companies for the development of their projects. therefore I think these two networks are very good alternatives for crypto users to benefit from transactions.

[Jackl87]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

Well i think nowadays we have so many L1-projects or L2-projects that are all offering smart contract functionality that we really have a big choice now, which network we want to use. Back in the day there only was Ethereum which offered smart contracts and that was a huge game changer for the whole crypto space because smart contracts were necessary for all the stuff that we are having today with NFT's, tokens and of course Defi with it's yield farms and so on.
Obviously ETH had huge problems during high traffic phases which made it almost unusable for small investors like me because a transaction often did cost more fee than the value of the transaction itself was.
Polygon and BSC are both having relatively low transaction fees so there is no big difference in that regard. It all comes down to which chain has the bigger adoption.

[SquirrelJulietGarden]

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.

Ethereum is a first altcoin project with smart contract. It is a pioneer for smart contract and successfully built a very strong and big ecosystem. If Bitcoin is a biggest cryptocurrency and has biggest communities, Ethereum is a biggest altcoin and has biggest altcoin communities.

Binance Smart Chain is a copy of Ethereum network and it succeeds so far. After the success of BSC, many teams created their own chains from layer 1 to layer 2 solutions and try to make noise that they are Ethereum killers, BSC killers. They failed at beginning by doing that if you are smart and clever enough to realize a fact.

If they are really strong teams, can make innovative products, they don't have to make noise to self-called themselves as killers of other projects.

But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

Polygon has many problems and with many weaknesses. Their developer teams must do load of things to improve their blockchains before actually are able to compete with Ethereum or Binance Smart Chain.

Don't believe in their promise, let's see how they release products, upgrades to improve Polygon.