ETH OR BSC

[adzino]

You should choose Ethereum all the way if fees isn't something you are worried about. Even if fees was an issue, go try some other coins, but wouldn't suggest the BSC network. Ethereum network has a better ecosystem, trusted by thousands of people, better security and decentralized. BSC has a shitty ecosystem and you will see most of the scam coins operate under the BSC network. And they claim to be decentralized, but if you do a little digging, you will see how centralized the exchange owned network is.

[1714695333]

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[amishmanish]

Centralization is always a bad thing in crypto. While BSC isn't half-bad, as a community you guys should be thinking about more than just personal profits. Those of you who have been in crypto during this buulrun no longer have the excuse of "cheap transactions".

There are plenty of cheap transactions available in other Alt-chains that are not Binance. Binance is leveraging the usage and users of its CEX to proliferate its DEX as well as manipulate the system by listing coins from BSC. This presents a huge centralization problem. Something like this would have been corrected through the ethos of the collective in case of Bitcoin.

Unfortunately, there is no ethos except money in case of Alt-coins.

If you guys don't seriously start thinking like this, there is not going to be much competition left and not much yield left for anybody for long. So if you have to choose between ETH and something else, atleast go try some L2s like Optimism, Arbitrum or just use some other Alt-chain like AVAX or FTM.

Most importantly, don't you guys get bored with more of the same?

[pealr12]

One of the reasons why binance savvy chain gets to be this enormous right presently is since ethereum gas expense is exceptionally tall and this constrain a few ventures to switch to BSC but what do you think will happen once ethereum gas expense goes lower in close few months? Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

Nothing will happen, people will continue to use bsc because it provide equal service as eth network, it is always good to have different options, eth can not be the only smart contract network, other network should be able to provide the service too, the space is big enough for both chain exist.

[SquallLeonhart]

You should choose Ethereum all the way if fees isn't something you are worried about. Even if fees was an issue, go try some other coins, but wouldn't suggest the BSC network. Ethereum network has a better ecosystem, trusted by thousands of people, better security and decentralized. BSC has a shitty ecosystem and you will see most of the scam coins operate under the BSC network. And they claim to be decentralized, but if you do a little digging, you will see how centralized the exchange owned network is.

You could also see a lot of projects are not decentralized outside of ETH and BSC as well as in them too. Like SOL literally frozen their system for a while and then restarted it, that is the most dangerous thing in all of crypto and people are not even phased by it. So, decentralization is a very important thing but we do not care about it anymore at all unfortunately, so many projects are centralized like crazy these days.

Plus, if it is the scam you claim to worry about, there are thousands of scams in ETH as well, or simply projects that creators build to get rich and they do not care about anything else. I am not saying that BSC is better, all I am saying is just because we prefer one, doesn't mean we should diminish the other one. I would say something like "ETH is better for me but BSC is not bad either" as a way to get around this problem.

[cryptomaniac_xxx]

One of the reasons why binance savvy chain gets to be this enormous right presently is since ethereum gas expense is exceptionally tall and this constrain a few ventures to switch to BSC but what do you think will happen once ethereum gas expense goes lower in close few months? Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

I guess nothing with happen though, BSC has established itself already to be one good project and has proven it has many advantages on ETH not just the gas fees. So many new and current projects are switching to their main net.

So if ever the gas fee of ETH goes down, I don't think that there will be a shift of power again. Again, BSC has proven itself already, it has many developments on the pipeline and I doubt that ETH can match BSC's cheap price.

[WalkerIVIV]

BSC is already a home for many NFT projects and even if the gas in ETH has reduced significantly in the future i’m sure that BSC could hold its standing pretty well.
The NFT projects that are already in BSC will not move over to ETH just because the gas has reduced there’s always chance that the gas could be increasing again anytime when it comes to ETH, even right now it’s fluctuating a lot, it could be very cheap and in the next hour it could be very costly.
The fate of BSC when ETH has finally fixed its gas fluctuation will also be the same as other similar platform basically could also hold on quite well. The worst case scenario is the newer NFTs will not be using BSC anymore and move back again to ETH but even so, there will always some that will still use BSC considering that BSC itself was made by binance to increase the chance of having relationship with binance to basically boost the fame and recognition although it’s just a marketing strategy. BSC will stay as a better choice over ethereum blockchain.

[cafucafucafu]

One of the reasons why binance savvy chain gets to be this enormous right presently is since ethereum gas expense is exceptionally tall and this constrain a few ventures to switch to BSC but what do you think will happen once ethereum gas expense goes lower in close few months? Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

The major reason to use BSC right now is for the fees.

However, when ETH2.0 comes about there may not be that advantage left anymore.

I would hold a mixture of both, but honestly I would still put the majority of my position into ETH in anticipation for ETH2.0 to come out. Plus BSC is still a bit more centralized compared to ETH which makes me less willing to hold it.

[azhariejaya]

When the fee from Ethereum changes to lower, there will probably be a lot of new erc20 projects, but that doesn't mean there won't be new projects on the Bsc chain, both of them have their advantages and disadvantages; which one is better? I will go for erc20 if the eth gas goes down.

[eaLiTy]

Of course fee-wise BSC wins, even though in some far future ETH might be cheaper again. The question is also whether one wants a more centralized platform (BSC) vs a more de-centralized one (ETH)

It is a long hope to expect that Ethereum fees will be lower ever again, they are planning radical changes which is a high risk move changing the consensus mechanism and you never know what all bugs we will encounter, despite these changes i do not believe that the issues will be sorted. The solution is having multiple chains and everyone sharing the load so that the network does not get congested.

[adiebitsler]

When the fee from Ethereum changes to lower, there will probably be a lot of new erc20 projects, but that doesn't mean there won't be new projects on the Bsc chain, both of them have their advantages and disadvantages; which one is better? I will go for erc20 if the eth gas goes down.

I will still use both when the Gas cost on Ethereum has started to fall again, because for now I still prefer to use BSC and Polygon even though it's not to hate ETH, it's just to avoid the problem of excessive fees when transacting.

[lepbagong]

When the fee from Ethereum changes to lower, there will probably be a lot of new erc20 projects, but that doesn't mean there won't be new projects on the Bsc chain, both of them have their advantages and disadvantages; which one is better? I will go for erc20 if the eth gas goes down.

there is a fairly interesting story that has been heard so far, that if a project on the ethereum platform will usually make coins always valuable compared to other platforms. so don't be surprised if gas costs can be reduced, many will return to the ethereum platform.

but the big question is, is it possible with the already high price of ethereum then he will sacrifice calculations by making gas costs cheaper? it seems the law is always where the price is already high the cost will come along too.

I will still use both when the Gas cost on Ethereum has started to fall again, because for now I still prefer to use BSC and Polygon even though it's not to hate ETH, it's just to avoid the problem of excessive fees when transacting.

it looks like you will continue to use other platforms, because with ethereum already high it is unlikely that they will be able to reduce gas costs. no one wants to suffer losses and want to continue to be able to get those profits. as well as other platforms will also experience the same dilemma if the supporting coin has reached a high price.
Of course all of that can't be avoided because the price is already quite high

[BRABO2]

ethereum is actually the best option but some problems in gas fees make me a small trader who rarely uses dex swap to be helpless ,how can it be swapped when the loss is caused by gas fee and even from trading profits it's not enough to do it ,not only that the fee of sending from ethereum to ethereum is also high ! BSC is the second favorite after ethereum fee skyrocketed but right now it's the best ,I pick BSC

Yes, you are absolutely right. I am agree with you. Ethereum is the best option but the gass fee is the major problem. But the bsc is now very good for its gass fee.So,i also support bsc.

[tvplus006]

BSC already has its own fans, although one day the price of ETH gas will be cheap again, BSC will still stick with its fans. Just like what happened to ETH today, even though gas prices are getting more expensive, there are still a lot of users.

I can only assume that currently only traders with large working capital use DEX on the Ethereum blockchain. The profit that could replenish the trader's wallet, almost all goes to pay the commission. Therefore, now alternative blockchains have priority for users due to the low commission.

[Moeda]

One of the reasons why binance savvy chain gets to be this enormous right presently is since ethereum gas expense is exceptionally tall and this constrain a few ventures to switch to BSC but what do you think will happen once ethereum gas expense goes lower in close few months? Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

Binance Dex and BSC are from the same source, namely Binance, but BSC is superior to Binance Dex. BSC is a blockchain similar to the Ethereum blockchain. The transaction method is also easier and you can still use the same wallet. We can still use the MEW wallet to receive BSC tokens just by changing the mainnet system. Whereas Binance Dex is a separate blockchain, only the dedicated Binance Dex wallet can accept the token.
If Ethereum transaction fees return to normal, will Binance Smart Chain die as it did with Binance Dex?
Binance Dex died while Ethereum transaction fees were still very low. So the loss of crypto users towards Binance Dex has nothing to do with Ethereum. Of course the fate of BSC is much different from Binance Dex. When the BSC Blockchain was developed, and interest was increasing, it was still at a time when Ethereum transaction fees were low. Then the users grew even more after the Ethereum blockchain transaction fees increased. We can see that every token developed now and before is also available in BEP20 and ERC20 versions, meaning that the combination of these two blockchains makes BSC even stronger.

[Balmain]

For now, I prefer the Bsc network for cheap fees and speed. When the gas returns to normal in the eth network, I start using the eth network. Currently I do not approach the eth network unless I have to. Actually, apart from this difference, there is not much difference between the two networks because it is a network similar to ethereum bsc network.

[Cryptock]

One of the reasons why binance savvy chain gets to be this enormous right presently is since ethereum gas expense is exceptionally tall and this constrain a few ventures to switch to BSC but what do you think will happen once ethereum gas expense goes lower in close few months? Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

We can't be 100% sure what will happen, but in my opinion the popularity of BSC will decline. If the Ethereum 2.0 launch proceeds without any nasty surprises, I think the eyes of the whole crypto world will turn to ETH. Of course, it all depends on whether the transfer fees will drop to a level like BSC. If transfer fees do not go down, BSC will continue to grow very fast.

[zonefloor]

I do not think that the demand for the bsc network will decrease. Because binance turned this gas fee event into a very good opportunity and made a very good move. Many projects have started to join its structure and it has provided a good place for itself in this market. The drop in the ETH gas price will only allow people to trade more comfortably. Other than that, I don't think there will be a loss of the BSC network, frankly.

[StarKay]

New projects don't have the time to wait for Ethereum Devs to sort out their expensive network transaction fees issue even old projects on ETH Blockchain are migrating to BSC and Polygon Matic etc., so that investors and user base can remain and also expand.
I think ETH Devs are enjoying the rewarding transaction fees otherwise they would have solved that problem long ago, I have lots of token in my Ethereum wallet that are not profitable to sell because of the gas fees.
By the time ETH Devs decided to fix the problems, I hope it won't be too late for them.

[Nahl]

for me the reasons for the questions is so simple that i think the cause why most people currently more prefer use BSC than ETH not always stuck to the transactions fees itself and it because there are so many projects tokens based on BSC network and people can get more benefit and money from it so it is all about the trend and i must to admit that the current trend is BSC and the tokens based from it

[elisabetheva]

in my opinion, both have different characteristics and it could be a habitual factor that will make people choose ethereum or bsc. currently the main factor is that it is on ethereum because the costs are already very high so it is certain that there will be many complaints about this. the possibility that it will be able to make costs go down will experience its own problems because ethereum is already of high value.

but not for bsc, because BNB as a support is still at a price that can be suppressed because the price is still relatively affordable. but what if BNB has increased high then binance can also provide a cheap price? looks like they will be constrained like ethereum.