Joseph_2 (OP)
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November 13, 2021, 10:00:02 AM |
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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?
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_IRMAN
Copper Member
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November 13, 2021, 11:09:47 AM |
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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.
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batang_bitcoin
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November 13, 2021, 11:17:16 AM |
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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?
It will just stay the same. That's even good if Ethereum's fee goes low and that's going to make everyone happy again that does most of their transactions in ERC20 tokens. Since there have been many crossover chains and swaps for various tokens, it's actually a good thing for us because we can choose ETH or BSC and whichever is cheap on them, then that's what shall we choose.
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Doell
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November 13, 2021, 11:29:24 AM |
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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
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Luffygroove
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Ton Together | Save Smart & Win Big
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November 13, 2021, 11:31:53 AM |
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I think it depends on each projects' innovation at the end of the day. If BSC stays just like that meanwhile Ethereum has much more utilities and advantages, I believe people will move to ethereum again. It's a challenge for BSC developers to step up their game cause they started from the unbearable gas fee of ethereum, then they need to have something else after ethereum back to their crown. I'm excited to see what will happen in the future with those two
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Gozie51
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November 13, 2021, 11:33:27 AM |
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Etheruem gas is discouraging investors to transact using the platform which is bringing cluster of transaction to BSC or Tron. But hopefully after the volatility of this season , the rush on the etheruem platform will reduce and the fee too. My choice of transaction is etheruem but fees really going high.
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makishart
Legendary
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November 13, 2021, 12:01:50 PM |
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what do you think will happen once ethereum gas expense goes lower in close few months?
They may still back again to the ethereum or there was another alternative solution just like they will be using both of blockchain like bridged system. We are still waiting for the next update from ethereum to decrease the gas price. People could also issue their asset back again in the ethereum blockchain. Will BSC confronted same destiny as binance DEX?
It will not. Binance dex was the different case. Ethereum and binance chain can co exist and it will never be confronted as the choice will depend on the developer itself. Or BSC will stay the way better choice over ethereum?
BSC will always be a better alternative chain for ethereum. I should remind you that BSC was L2 solution for ethereum and it you didn't know what this mean and you can search it on google.
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imamusma
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November 13, 2021, 01:01:37 PM |
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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.
The price of Gas transactions on ETH will never be cheap as long as the price of ETH is still very expensive and still has the potential to increase again in the future, for BSC I'm sure there will be many fans forever.
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maydna
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November 13, 2021, 01:04:22 PM |
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We will see it later because if the ethereum gas can reduce, it could compete with bsc, and the old investors in ethereum will still prefer to use ethereum. Right now, BSC is a solution to cover the high fee of the transaction, but still, bsc is hard to compete with ethereum. But bsc has a bright future as the fee is not too high.
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Wiwo
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November 13, 2021, 01:16:26 PM |
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The ethereum London hard forks was meant to solve the problem of high ethereum gas fees but until now high fees in still experienced in the ethereum network, this is the mijat reasons why many projects adopt smart chain for their projects and the fact that Binance is world leading exchange it smart chain become so popular.
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domoy77
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November 13, 2021, 01:34:40 PM |
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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?
BSC will continue to be good for everyone and will continue to be used by the community as well as new project developers, because the BSC network is very mature in terms of growth and development, so this will have absolutely no effect when Ethereum Gas costs have become cheap again.
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MAAManda
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November 13, 2021, 01:40:19 PM |
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When it comes to the better and the best choice between Ethereum and BSC, of course most people will choose Ethereum, but because of the very high gas costs on Ethereum, many people are switching to BSC.
The answer is obvious, when Ethereum returns with normal gas costs, I'm sure many people will switch to Ethereum instead of BSC.
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Reid
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November 13, 2021, 01:49:35 PM |
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It's not just the expensive transaction fees, it's also the traffic that became the issue and when users switched to BSC everything went well. But now, it's the other way around. BSC seems to be having the same problem as Ethereum before. The congested traffic in their chain although it is still cheap. Fast and inexpensive, that is what most users like and delays are making them doubt the chain of one service. I'd like to see Ethereum 2.0 to never have that same problem again and of course if it does, it will topple the competition against BSC.
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smartaction
Legendary
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November 13, 2021, 02:02:48 PM |
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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?
Ethereum fees are increased for over transaction every time. and Ethereum gas, on the other hand, has increased relatively little since the launch of Ethereum 2.0. But it will not be stable for long, maybe it will be reduced again in the next few days
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Bonenx14
Sr. Member
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November 13, 2021, 02:04:52 PM |
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The ethereum London hard forks was meant to solve the problem of high ethereum gas fees but until now high fees in still experienced in the ethereum network, this is the mijat reasons why many projects adopt smart chain for their projects and the fact that Binance is world leading exchange it smart chain become so popular.
The use of the Binance smart chain is purely because of the low cost and the development team can also further save the problem of excessive costs through the BSC network or the Binance smart chain, so in general it is not a wrong choice and it is still a very wise choice for anyone to choose.
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█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
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Dewi Aries
Legendary
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Leading Crypto Sports Betting & Casino Platform
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November 13, 2021, 03:37:24 PM |
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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 am on both, but for fees i think i pick on BSC. Especially nowadays there are a lot of tokens which created with a lot of variation of network. So people not only tied in ERC20 tokens only and can pick token which only need small fees to made transaction.
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yohananaomi
Sr. Member
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Hire Bitcointalk Camp. Manager @ r7promotions.com
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November 13, 2021, 03:41:24 PM |
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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?
it seems that if it happens that the ethereum platform can reduce gas costs, it is certain that there will be a change again where the ethereum platform will be used again. although that possibility seems to be difficult to realize, because once ethereum has a high price, it is certain that the effect of high costs is always unavoidable. Likewise, if the binance platform with its support for the BNB coin will also increase, it will also be difficult to reduce the costs that will occur. everyone must experience an incident because the coin is already high, then another platform will arise that will replace it.
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ZaraCB
Full Member
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Activity: 333
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www.cd3d.app
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November 13, 2021, 04:14:44 PM |
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If after a few months ethereum's gas fee is lower than BSC, then people will definitely go back to the ethereum network. The main reason for people to switch to BSC network was high gas fee of ethereum network. But then transaction speed will be an important factor.
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Coin_trader
Copper Member
Legendary
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Activity: 2968
Merit: 1226
Leading Crypto Sports Betting & Casino Platform
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November 13, 2021, 04:22:23 PM |
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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 is actively funding many good startup project that can rival those Dapps on Ethereum. There's no reason why investors will leave Binance if they are already settle down. Maybe many people will invest more on Ethereum Blockchain but that doesn't they will leave BSC network at all. There's a lot of existing blockchain that splitting different kind of investors like Solana, Avalanche, Polkadot, Cardano and many more. These blockchain will coexist no matter what happened because there's a VC and loyal investors that backing it.
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coco23
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November 13, 2021, 04:35:52 PM |
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I am on both, but for fees i think i pick on BSC. Especially nowadays there are a lot of tokens which created with a lot of variation of network. So people not only tied in ERC20 tokens only and can pick token which only need small fees to made transaction.
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)
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