ETH OR BSC

[RussianEnglishTranslation]

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 foresee trades on Pancakeswap going to $5 soon. That's just the way L1s go unless they implement L2s or sharding like Ethereum and NEAR protocol. Fortunately there is a BSC bridge to NEAR coming Q4 so I can move all of my funds to Ref Finance to trade rather than pancakeswap. Both AMMs have similar pool reward APY.

[topbitcoin]

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 fees already be good alternative when ETH fees be a problem for users. But i think although ETH fees goes lower, wouldn't affect much because nowadays mostly project is use BSC network or any other network like MATIC network. But ETH will still be favourite for some people include me because in crypto i seen it for long time in market.

[jeungo]

Now the choice is obvious, the lowest cost of transfer of money, promising projects using it. Ether is now too expensive for investment work with him, although many people expect to continue his explosive growth after the commission of Protocol 2.0.

[globalpain]

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 fees already be good alternative when ETH fees be a problem for users. But i think although ETH fees goes lower, wouldn't affect much because nowadays mostly project is use BSC network or any other network like MATIC network. But ETH will still be favourite for some people include me because in crypto i seen it for long time in market.

When we talk about the two networks between BSC and Ethereum both have their respective advantages and disadvantages,
Until now, BSC has indeed low transaction fees, besides that, as you said, many projects use the BSC network

[Pahom]

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 Smart chain has a big ecosystem that is comparable to Ethereum, so I think that even when Ethreum’s transaction fees will be decreased, BSC will still be popular as there is a big variety of projects that don’t give in to defies on Ethereum. What is more success of BSC is also associated with growth of Binance exchange, that is the best CEX with a lot of activities and opportunities to make money.

[Anguwa]

I think BSC has stand it chance right now, because almost all new project target BSC SmartChain, because it's easy and affordable to traders. But Ethereum gas fee has made people to trade BEP-20 token so as to take the little profit they have, not to be consumed by Gass fee of Ethereum.

[MinoRaiola]

How do you know ETH gas fees will be lower in near few months? I don't think it will happen soonTM, so I believe BNB's rise will go on in next couple of months. Even if they fix ETH gas fee problem it won't be near as BNB's low fees. People get tired over 100$ swaps so they switch out. ETH swap fees won't be 1$ anytime.

In October 2021 the Ethereum fees are around $49 million per day and for this about 1300 transactions were made. Ethereum transaction fee (Average transaction fee in USD) - Source: https://bitinfocharts.com/comparison/ethereum-transactionfees.html#1y

I have made trades on both chains in the last days and it is an extreme difference. I will only use bsc in the future when I have the choice. A current comparison:

Binance Smart Chain Gas Tracker
Standard / 5 Gwei / (30-60 secs)
Fast / 5 Gwei / (10-30 secs)
Rapid / 5 Gwei / (5-10 secs)

Ethereum Gas Tracker
Low / 154 gwei | ~ 10 mins
Average / 155 gwei | ~ 3 mins
High / 155 gwei | ~ 3 mins

[DarkDays]

Now the choice is obvious, the lowest cost of transfer of money, promising projects using it. Ether is now too expensive for investment work with him, although many people expect to continue his explosive growth after the commission of Protocol 2.0.

I think it depends on what exactly you're looking for. In terms of speed and cost, bSC is by far the best option.

Ethereum of course is good because it is everywhere so you're not limited on its usage but gets short when it comes down to interacting with any ETH smart contract. Most DeFi is still largely ETH based, something BSC and other network is trying to improve on.

So whether you go for BSC or ETH, it is simply a circumstantial choice, there are ups and downs with each - nothing is yet perfect (we're getting there, slowly).

[MarjorieZimmermanGinger]

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 possibility of lowering the cost of gas against Ethereum will create new difficulties for the binance smart chain, but it doesn't make binance suffer the same fate as binance DEX, Binance thrives on being widely supported by many smart chains for large projects, so it's unlikely that binance will suffer the same thing with binance DEX, but the cost of ethereum gas which is getting cheaper is the best solution and choice for people to transact.

[cute nmp]

I will go with bsc network anytime of the day.Cant afford to spend lots of money for transportation.The bsc network has a very low transaction fee compared to the ethereum network .I used to spends hundred of dollar swapping my altcoins that are under the ethereum network.Most of my assets are now those under bsc cause I can't handle the fees anymore.

[ije07]

Will BSC confronted same destiny as binance DEX? Or BSC will stay the way better choice over ethereum?

Maybe I'm very pessimistic if gas on ethereum will go down but if gas on ethereum goes down then it's likely that some project developers will reconsider using the ethereum platform to create their new projects but with gas prices on BSC being cheap so far even though BNB prices are rising fast it probably won't like DEX on binance.

[kawetsriyanto]

The gas fee of the Ethereum network will commonly rise up again whenever the price of Ethereum itself is rising up significantly and altcoins price especially under the Etheruem network is also increasing.
More crowded the transactions, the gas will be rising up.
And this will also happen after the next bear market to head up the bullish era. In such a previous cycle, the gas will be lower but t will be rising up again.
And this always becomes the main problem of ethereum network, with very high fees, even more than $100 for only transaction fees when we are going to transfer ERC20 tokens in a certain amount.
If BSC can maintain its lower fees whatever the condition, even in high or low prices, it seems that BSC will still have its fans to stay using the network. 

[coinzzzpro]

All advantage of BSC compared to ETH is the price of transactions. There is nothing else. If ETH will be more accessible then it will be hard to catch up.

[otreza]

For me, the choice is obvious - the BSC. Fast and cheap transactions, rich ecosystem and many projects including NFT and DeFi. Quickly create a smart contract that you don't have to pay thousands of dollars for. The game is played by the number one BSC in the world. I would pose the question BSC or DOT or Solana?

[Hovarda]

If one day the ETH gas fee starts to decrease, then the BSC fee rate will follow it and become much cheaper.

[matjas]

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?

ETH blockchain is still more popular since there are a lot of major projects build on it. Right now, BSC  still has only two coins on top 100 market cap (if we don’t count BNB and BUSD) GRT and CAKE.
To be honest, BSC is exciting right now mostly because of meme coins which can bring you quick fortune of quick liquidation. I am sure after the hype is over and ETH gas goes down, ETH will gain popularity back.

[michellee]

If you want to make a profit, you can use both ethereum and bnb. But if you want to send your funds, you can use bsc because bsc offers a low fee and fast confirming transactions. Maybe ethereum can do that in the future after they finish solving the cost of the fee. Hopefully, bsc will still grow no matter if the ethereum fee can reduce in the future because many new projects are now using smart contracts in the bsc network.

[zasad@]

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?

See the statistics of Ethereum Level 2 solutions.
https://l2beat.com/#about
https://polygon.technology/stats/
L1 Ethereum is very expensive for small transfers, but large fees are not a problem for large players.
But the Ethereum ecosystem has a much higher potential than the binance smart chain. Although the interface is the same and the only difference is the coins, which are used to pay the commission.

[Farma]

If you want to make a profit, you can use both ethereum and bnb. But if you want to send your funds, you can use bsc because bsc offers a low fee and fast confirming transactions. Maybe ethereum can do that in the future after they finish solving the cost of the fee. Hopefully, bsc will still grow no matter if the ethereum fee can reduce in the future because many new projects are now using smart contracts in the bsc network.

I'm pretty sure BSC will continue to grow even as fees for ethereum decrease. however, currently BSC seems to dominate over the use of ethereum because ethereum fees are very high.
however, I agree that it would be very easy if we were flexible and used both. Personally, I tend to use BSC at the moment, but if there's some thing that ethereum needs to be used for, I'll use that too.

[dark1234]

how low the cost of etherium gas is, I'm not sure the cost of eth gas will be lower than bsc but even if the costs involved in handling both networks are the same, BSC will continue to grow due to several advantages and support from BSC users