ETH OR BSC

[imamusma]

If you look, many people are starting to move away from ETH now. The main reason is their fees. Now BSc is keeping their fees low. All the projects are running towards them.  But many are trying to find out if ETH will solve it. If not solved then BSc will be in the market as second best

The average use of the ETH network today is a large number of traders and investors because it is no longer suitable for those who only use $100 on the ETH network, and this is a very large cost effect that makes small traders have to stay away from ETH in the future at the moment.

[aioc]

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?

Used to love Ehereum and was expecting that they will forever charge less fee than or compared to Bitcoin three or four years ago I can send hundred dollars worth of coins that are Ethereum based for only 10 to 50 cents and this is what makes Ethereum based token the most in-demand for developers, never could imagine that Bitcoin and Ethereum will trade place, just the other day I traded Bitcoin for less than 1 dollar and Ethereum charges up to $20 fees, right now Binance smart chain is the best pick to trade because of fee and transaction fee, I don't know if one day they will also trade place.

[molsewid]

The competition between ETH and BSC has become tight because ETH is still trying to lower the fee gas, which will be the main problem for ETH, while BSC has a low gas fee that makes BSC can benefit the users to save their cost. If ETH can lower the fee gas, it will have a big chance to beat BSC as many people already know that ETH has a big potential to grow higher in the future.

But for this time, BSC can solve the gas fee problem so the investors use ETH for their investment and BSC to send the tokens.

Yes, in the future, there will be new competitors who offer better services than ETH and BSC and that can make the investors also use them to compare the advantages and disadvantages.

The high gas fees of ETH became the biggest drawback of this blockchain and it's also the reason why if ever I have to transact my asset as long as there is another way than dealing with the high gas fee I would probably choose the low gas fee like BSC. Ethereum is a good token and everyone see's the true value however due to this drawback BSC see's the disadvantage of the blockchain and took it as the opportunity to improve the usecase of project which also many crypto users benefits most. I do believe also that in the future there will be new or many competitors that will rise and will offer the services that was a disadvantage of the old blockchain.

[dvndr007]

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?

Very nice question, See ETH is 4 yr old to BSC but ETH is GROOT So both are doing well but ETH is GROOT !

[Wong Gendheng]

I'm confused with my ERC20 tokens I have, if the total value is around $2500 (spread around 22 tokens), between 2015 and 2018 I actively invest in ICOs and earn with airdrops, when I become a participant in airdrops I automatically get tokens, after being inactive almost 3 years many tokens that used to be worthless have now become expensive, such as Monaco Card (Crypto), ETH Lend (AAVE), Chainlink, Loopring, Fantom and so on, unfortunately the transfer fee is between $80 to $130, especially if ETH Lend migration to AAVE takes up to $280.

[minhtra]

Neither, its avalanche now. just hit ATH https://www.coingecko.com/en/coins/avalanche
traderjoe is the cake, and its only starting out https://www.coingecko.com/en/coins/joe

[lenovop-70]

I think if the fee from ETH can be as cheap as the fee from BSC, people will still be in their choice, for example, myself. As a trader I will use any network to do so as long as it's still worth it, so it doesn't matter if I trade or move assets within the above network.
There is a positive thing if the ETH fee becomes cheap : we have many options in transacting.

[israt1@]

The average use of the ETH network today is a large number of traders and investors because it is no longer suitable for those who only use $100 on the ETH network, and this is a very large cost effect that makes small traders have to stay away from ETH in the future at the moment.

Yes, ETH is no longer for small business. Maybe ETH doesn't like small business anymore.lol

[izsara]

If you look, many people are starting to move away from ETH now. The main reason is their fees. Now BSc is keeping their fees low. All the projects are running towards them.  But many are trying to find out if ETH will solve it. If not solved then BSc will be in the market as second best

many leave because some of them have a budget that may be small and this does not suit eth. Even the last time I made a transaction there with gas costs only up to $120 and this is already very large and of course small traders avoid this.
Regardless of anything, I think this ETH gas will continue to be a never ending problem because even though ETH 2.0 and London Hardfork are expected to solve this problem, no action has been heard until now.
it is very difficult to make them lower their gas because their prices are getting bigger and bigger and of course the gas will be affected even more

[husdemba]

We can't compare Ethereum with Binance. Ethereum is a much more established, advanced and proven blockchain. BSC currently has quite a fan base, but none of us can fully trust it. I think Ethereum will one day be the leader of this market but BSC may not be able to hold its ground.

[MarjorieZimmermanGinger]

We can't compare Ethereum with Binance. Ethereum is a much more established, advanced and proven blockchain. BSC currently has quite a fan base, but none of us can fully trust it. I think Ethereum will one day be the leader of this market but BSC may not be able to hold its ground.

If today we make a small survey of ethereum trading with BSC, then BSC is definitely the winner, even though the ethereum blockchain is much better and sophisticated, the transactions involving BSC are quite large for now, even BSC has a fairly high level of trust , only because of the small transaction gas fees, when compared to Ethereum, but for other advantages ethereum is still at the number two crypto position.

[tvplus006]

If today we make a small survey of ethereum trading with BSC, then BSC is definitely the winner, even though the ethereum blockchain is much better and sophisticated, the transactions involving BSC are quite large for now, even BSC has a fairly high level of trust , only because of the small transaction gas fees, when compared to Ethereum, but for other advantages ethereum is still at the number two crypto position.

As I previously assumed, when the BSC network is more loaded, the commissions in this network will also increase. But I could not even imagine that the swap price in the BSC network could be 0.47 BNB, which at today's exchange rate is equal to 280 USDT. I think other participants have already faced such a problem.

[Findingnemo]

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?

First of all I don't believe that gas fee of ethereum will become cheaper like how much it was years ago and that why we actually need eth 2.0 to increase the capability of chain to process more transactions. Whereas Binance smart chain is centralized so the fee will always going to be cheaper hopefully so the upcoming projects have no other choice than choosing BSC because it almost need $40 for a token transaction in ethereum network.

[michellee]

The competition between ETH and BSC has become tight because ETH is still trying to lower the fee gas, which will be the main problem for ETH, while BSC has a low gas fee that makes BSC can benefit the users to save their cost. If ETH can lower the fee gas, it will have a big chance to beat BSC as many people already know that ETH has a big potential to grow higher in the future.

But for this time, BSC can solve the gas fee problem so the investors use ETH for their investment and BSC to send the tokens.

Yes, in the future, there will be new competitors who offer better services than ETH and BSC and that can make the investors also use them to compare the advantages and disadvantages.

The high gas fees of ETH became the biggest drawback of this blockchain and it's also the reason why if ever I have to transact my asset as long as there is another way than dealing with the high gas fee I would probably choose the low gas fee like BSC. Ethereum is a good token and everyone see's the true value however due to this drawback BSC see's the disadvantage of the blockchain and took it as the opportunity to improve the usecase of project which also many crypto users benefits most. I do believe also that in the future there will be new or many competitors that will rise and will offer the services that was a disadvantage of the old blockchain.

I am also doing the same as you to cover the high fee. I used BSC but still, we need to convert it many times, which need gas too but fortunately, the gas fee is not too high compared to ETH gas. The gas fee is a crucial matter that the ETH team needs to solve if they want to still be at the second position and have a larger market cap below bitcoin so they will not lose the investors who have already become a fan of the ETH project. The existing project needs to adapt to the current situation because the new technology will be invented in the future. If they can follow the technology, people will not leave the project, instead of staying with it and supporting it.

[Valak]

If today we make a small survey of ethereum trading with BSC, then BSC is definitely the winner, even though the ethereum blockchain is much better and sophisticated, the transactions involving BSC are quite large for now, even BSC has a fairly high level of trust , only because of the small transaction gas fees, when compared to Ethereum, but for other advantages ethereum is still at the number two crypto position.

As I previously assumed, when the BSC network is more loaded, the commissions in this network will also increase. But I could not even imagine that the swap price in the BSC network could be 0.47 BNB, which at today's exchange rate is equal to 280 USDT. I think other participants have already faced such a problem.

That's a lot, I've never seen that before. I'm still very curious as to why can happen, I often do bsc swap, but the gas fee is not that big.

[tvplus006]

That's a lot, I've never seen that before. I'm still very curious as to why can happen, I often do bsc swap, but the gas fee is not that big.

Such a commission was due to the high load on the network caused by participation in the launchpad, when it was necessary to quickly redeem your allocation. Obviously, in order for the transaction to be completed quickly, some traders have increased the amount of gas. After the end of the sale, the transaction price returned to normal values.

[adiebitsler]

Yes, ETH is no longer for small business. Maybe ETH doesn't like small business anymore.lol

It's not that I don't like small businesses, but because the prices are already very expensive so it's not suitable for small businesses because it is influenced by the amount of transaction fees.

[riskarcher]

If today we make a small survey of ethereum trading with BSC, then BSC is definitely the winner, even though the ethereum blockchain is much better and sophisticated, the transactions involving BSC are quite large for now, even BSC has a fairly high level of trust , only because of the small transaction gas fees, when compared to Ethereum, but for other advantages ethereum is still at the number two crypto position.

As I previously assumed, when the BSC network is more loaded, the commissions in this network will also increase. But I could not even imagine that the swap price in the BSC network could be 0.47 BNB, which at today's exchange rate is equal to 280 USDT. I think other participants have already faced such a problem.

If BSC is compared to ETH for gas fee transactions it should be cheaper BSC and always succeed in every transaction and I have never failed while for ETH gas fee I have also spent 100$ with failed transactions 6 times and it really frustrates me using ERC20, BEP20 is an option the good one. I assume why your fee is expensive, is it because you use Network BEP2 or swap from ERC20?

[ardydyon]

I think the competition will be getting tougher, if eth really lowers the cost of gas, people will have the potential to switch to eth again. But in my opinion, bnb not only has a smart contract project that has low gas costs, but they have the largest exchange in the world. The facilities they offer are a new atmosphere in the crypto world such as launchpad staking which can be done if you have bnb coins. I don't think it will matter if eth really lowers gas costs because bnb not only offer cheap gas costs but their big projects are also amazing

[ahoenk]

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?

After ethereum fee skyrockets then bsc is the developer choice because of the fee is small. But now there are many compatitor who will face bsc. Solana, polkadot and other good blockchain will compete bsc. I heard bsc fees also going higher nowadays though..