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Author Topic: Tron network VS Binance Smart Chain  (Read 744 times)
Jawadu (OP)
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October 04, 2021, 08:06:47 AM
 #41

If Tron developers create their exchange then it will be much easier to grow the TRC20 network and it will get a lot more stakeholders. I would love to see a CEX exchange from Tron because they already have JustSwap on the DEX side and I see it working well, if they can create a well-designed and secured CEX exchange similar to Binance, Gate, then they will go far.
Tron developers already had DEX and CEX. it doesn't give any impact on the growth of tron. Tron needs something different. TRON has poloniex but the performance of this exchange site was not so good like a few years ago when poloniex has become the leading exchange site in the crypto currency.

I see Poloniex as a very common exchange compared to big CEXs like Binance, Coinbase, Gate, KuCoin, Kraken, and so on. The competition is so huge at the moment, Tron should come up with something much better and with enough features! Personally, I think they should improve Poloniex or maybe they should create a brand new CEX with the best features and be user-friendly.
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October 04, 2021, 08:14:53 AM
 #42

I agree that Tron network and BSC network are very popular because cryptocurrency transactions pass through these networks very quickly and, most importantly, the prices of these transactions are minimal and there is no need to pay hundreds or thousands of dollars to transfer cryptocurrencies, as it has been happening already several years on Ethereum blockchain, also recently, BSC has become more and more popular and this also applies to Tron network and I hope the time will come when these two networks will overtake Ethereum blockchain, since Ethereum blockchain is for millionaires, but we need cheap cryptocurrency transactions, and Tron network and BSC network are capable of this.
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October 04, 2021, 08:41:38 AM
 #43

I always use Tron Network when transferring my USDT because the fee is really cheap compared to the other networks. I don't know why tron is not big unlike binance smart chain but tron network has a lot potential. Both are good networks and very fast but when it comes transaction fee then tron network is the cheapest.

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October 04, 2021, 08:57:33 AM
 #44

I always use Tron Network when transferring my USDT because the fee is really cheap compared to the other networks. I don't know why tron is not big unlike binance smart chain but tron network has a lot potential. Both are good networks and very fast but when it comes transaction fee then tron network is the cheapest.
Tron transaction fee is far more affordable than many smart contract projects out there but Tron team are treating their project like a centralised platform, it's nothing like ETH and others Tron team want a pie out of every new projects that want to run their projects using Tron network, this is why Tron TRC20 is not on developers mind anymore

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October 04, 2021, 09:01:56 AM
 #45

We all know that Tron & BSC networks are very popular in the crypto world and very trusted, but in reality, we see that many new projects use BSC network more than Tron network, why?
 I think the reason new projects choose BSC is because of the popularity of the Binance exchange.Binance Smart Chain has gained popularity due to Ethereum's high fees, exchanges charge fees for executing crypto transactions, and one of the reasons Binance is so popular is that its transaction fees are among the lowest in the world.
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October 04, 2021, 09:33:08 AM
 #46

How many TRC20 tokens are on top 20 on coinmarketcap? Tron itself is the only coin in top 20 so that says alot about Tron TRC20 blockchain, I only use Tron usdt to avoid high transaction fee, in 2018 I invested in few TRC20 projects and they later switched back to ERC20 ETH

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October 04, 2021, 11:11:27 AM
 #47

How many TRC20 tokens are on top 20 on coinmarketcap? Tron itself is the only coin in top 20 so that says alot about Tron TRC20 blockchain, I only use Tron usdt to avoid high transaction fee, in 2018 I invested in few TRC20 projects and they later switched back to ERC20 ETH
There are not many coins that use the TRC20 network in the top 20 coinmarketcap, but overall TRON itself is not bad because there are also some coins that already use the ERC20 network also use TRC20 for a more complete service to its users.

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October 04, 2021, 12:01:02 PM
 #48

We all know that Tron & BSC networks are very popular in the crypto world and very trusted, but in reality, we see that many new projects use BSC network more than Tron network, why?

Based on the experience you have gained from knowing these two networks, which do you think is the best between Tron and BSC? And why do you think Tron or BSC is the best than the other?

I used both networks recently because of the NFT games I played these last few months. I say that the Tron network does not have some good service compared to BSC since I lose some TRX because of the errors I get from doing transactions in the NFT game. I have also tried BSC games which give me smoothness and convenience when doing transactions but the fees are quite high for me especially when the games you played require you to pay every movement on the game using the BSC network.

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October 04, 2021, 12:31:30 PM
 #49

I think that's because Binance Smart Chain is more popular. Tron network is not bad either but their marketing is kinda low. CZ put so much effort on Binance Smart Chain, he also had a great popularity over the world because of Binance centralized exchange. Justin Sun is also known by many but he's not popular like CZ. BSC is easy to use so people adopted it well. Pancakeswap etc. made a big boost in BSC popularity.
Justin tried similar things but when you try to count Tron only products you don't find many. I think Justin should put in more work and bring developers to Tron network. They need at least one big product to get mass adoption. It's either an NFT game or a high yield defi platform like Pancakeswap, but it needs big marketing and user volume for sure.

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October 04, 2021, 01:55:37 PM
 #50

Based on the experience you have gained from knowing these two networks, which do you think is the best between Tron and BSC? And why do you think Tron or BSC is the best than the other?
Tron and BSC both Network is popular for their Low transaction cost and speed, rarely i use Tron network for transaction but Very often i use BSC network and also maximum people choice BSC network but both is good and trusted.         

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October 04, 2021, 03:43:28 PM
 #51

Tron is not a popular network within the crypto community and the BSC chain is very popular due to low fees, Defi project, fast transaction, and the newest project launching on the BSC chain and also can create and sell NFTs and more communities using the BSC chain. Tron-based projects are not successful due to not facilitating more services.

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October 04, 2021, 04:28:52 PM
 #52

I think that the main reason why BSC is more popular than Tron is that BSC is more compatible to Ethereum as it also can be run on Metamak and the address is the same 0x, while Tron uses other wallets and addresses start with T. If we compare transaction fees, they are almost on the same level, so it is exactly not a reason why developers prefer launching their projects on BSC instead of Tron.


It doesn't matter if it's seen from the address symbol code 0x or T, because here we are talking about the convenience of transactions which are considered the most convenient for you to use as a delivery feature and also in terms of the speed of confirmation. There's no need to compare Ox or T, because it's not a benchmark.

Make a habit of reading what we're discussing, so you'll get the gist of it.


Note: Metamak or Metamask?  Grin

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October 04, 2021, 04:42:29 PM
 #53

We all know that Tron & BSC networks are very popular in the crypto world and very trusted, but in reality, we see that many new projects use BSC network more than Tron network, why?

Based on the experience you have gained from knowing these two networks, which do you think is the best between Tron and BSC? And why do you think Tron or BSC is the best than the other?

I use both of them but for different purposes. I prefer using BSC for defi-projects and NFT-projects, while Tron is very comfortable for me to transfer and receive money. Actually, I don't use any defies on Tron, although I see that it also has a big ecosystem that is why I think about starting staking my stable coins that I store mostly on this chain.
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October 04, 2021, 04:46:52 PM
 #54

The best network for new tokens I think solana is better than Tron or bsc, because most of the tokens on the bsc or Tron network are just imitating projects and don't have good innovations for cryptocurrencies that mostly end in scams. in contrast to the tokens on the solana network they do not promise double profits but serious development to run projects that most of the tokens on the solana network lead to success.
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October 04, 2021, 05:00:46 PM
 #55

The best network for new tokens I think solana is better than Tron or bsc, because most of the tokens on the bsc or Tron network are just imitating projects and don't have good innovations for cryptocurrencies that mostly end in scams. in contrast to the tokens on the solana network they do not promise double profits but serious development to run projects that most of the tokens on the solana network lead to success.
I don't believe this, any project can run on any smart contract based projects like solana so don't tell me that scam or shit coins can't find their way to solana either, if solana network becomes more embraced by developers in future be expecting lots of scam and crap projects on solana

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October 04, 2021, 05:30:52 PM
 #56

Tron is an old network than BSC. But Tron can't develop their dapp, defi and NFT marketplace properly in its own network. On the otherhand BSC is a new network but gained popularity due to solving problem of high transaction fee of ETH network. Also one can use their same eth wallet on BSC network.
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October 04, 2021, 05:36:03 PM
 #57

We all know that Tron & BSC networks are very popular in the crypto world and very trusted, but in reality, we see that many new projects use BSC network more than Tron network, why?

Based on the experience you have gained from knowing these two networks, which do you think is the best between Tron and BSC? And why do you think Tron or BSC is the best than the other?

Tron has only one use at the moment, and it's best at what it does....and that's sending USDT over TRC20 for cheaps.
It's never congested, and it's dirt cheap.
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October 04, 2021, 06:42:16 PM
 #58

How many TRC20 tokens are on top 20 on coinmarketcap? Tron itself is the only coin in top 20 so that says alot about Tron TRC20 blockchain, I only use Tron usdt to avoid high transaction fee, in 2018 I invested in few TRC20 projects and they later switched back to ERC20 ETH
Even though i don’t know the name of at least 20 Tron based project in the current market. In Tron network i see only two big advantages like as very affordable in network fee than transaction speed is pretty faster. I'm also using TRC network in USDT but first time it was free of cost in many exchanges for withdrawal now 1$ in Binance.  

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October 04, 2021, 06:56:06 PM
 #59

I think the biggest reason behind BSC network being popular is low transaction fee and many DEX available. Which is lacking in tron ​​network. And that is why it could not compete with BSC even though it was an old network.
Jawadu (OP)
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October 04, 2021, 08:15:21 PM
Last edit: October 04, 2021, 09:06:48 PM by Jawadu
 #60

We all know that Tron & BSC networks are very popular in the crypto world and very trusted, but in reality, we see that many new projects use BSC network more than Tron network, why?

Based on the experience you have gained from knowing these two networks, which do you think is the best between Tron and BSC? And why do you think Tron or BSC is the best than the other?

Tron has only one use at the moment, and it's best at what it does....and that's sending USDT over TRC20 for cheaps.
It's never congested, and it's dirt cheap.

I always use Tron Network when transferring my USDT because the fee is really cheap compared to the other networks. I don't know why tron is not big unlike binance smart chain but tron network has a lot potential. Both are good networks and very fast but when it comes transaction fee then tron network is the cheapest.

How many TRC20 tokens are on top 20 on coinmarketcap? Tron itself is the only coin in top 20 so that says alot about Tron TRC20 blockchain, I only use Tron usdt to avoid high transaction fee, in 2018 I invested in few TRC20 projects and they later switched back to ERC20 ETH
I'm also using TRC network in USDT but first time it was free of cost in many exchanges for withdrawal now 1$ in Binance.  

I use TRC20 network because of USDT too, and TRX. Gate exchange doesn't charge anything when you withdraw USDT via the TRC20 network, and the minimum withdrawal amount is only $50.
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