Mamun74
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November 18, 2021, 01:58:17 PM |
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Currently BSC network transaction gas fee is too low than ETH. Ethereum transaction gas is very high right now.BSC will continue to grow. I Think ETH they will solve their problemes and wil be development and update ETH 2.0.For me,I'm usually using BSC now and many project use the BSC.
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tvplus006
Legendary
Offline
Activity: 2464
Merit: 1927
To the Moon
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November 18, 2021, 02:19:13 PM |
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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.
Recently, due to the increased load of the Balance Smart Chain, transactions in this network are becoming slower. Accordingly, those who want to shorten the transaction time increase the commission, which entails a higher transaction cost. But even in this case, the transaction price in BSC remains a thousand times lower than in the Ethereum network.
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btcltcdigger
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November 18, 2021, 02:31:32 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?
ETH is still the king of decentralized blockchain and DEFI. The only reason why BSC gained such popularity is the abnormal gas fee's. In essence, BSC is a bad copy of ETH mainnet
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MarjorieZimmermanGinger
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November 18, 2021, 07:48:07 PM |
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Currently BSC network transaction gas fee is too low than ETH. Ethereum transaction gas is very high right now.BSC will continue to grow. I Think ETH they will solve their problemes and wil be development and update ETH 2.0.For me,I'm usually using BSC now and many project use the BSC.
If you look at the number of transactions between the two, then BSC has the upper hand for now, but this is not just talking about the value of the gas that the two produce, the two coins have different networks, and strangely both are able to be in a pretty good position at the moment in crypto, ETH has shortcomings in terms of gas transactions, while BSC is the opposite, and almost all development projects use BSC at this time, that's why BSC is considered to be growing.
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timerland
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November 18, 2021, 09:29:36 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?
The only reason why people are using BSC is because of the current gas fee problems with ETH. I don't think that once this is resolved with ETH2.0 that BSC adoption will continue on its current trajectory. Plus, a lot of the use cases of BSC is for meme tokens which is not necessarily going to be around in a few years (or months).
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crzy
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November 18, 2021, 09:48:39 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?
The only reason why people are using BSC is because of the current gas fee problems with ETH. I don't think that once this is resolved with ETH2.0 that BSC adoption will continue on its current trajectory. Plus, a lot of the use cases of BSC is for meme tokens which is not necessarily going to be around in a few years (or months). Shit projects on BSC will ruin its reputation just like what happened before with ERC20 where almost the new project are scam so technically BSC will experience this later on. Yes, the problem with ETH is the fees though its normal that its congested but its not normal to pay such huge fees.
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denasha92
Member
Offline
Activity: 616
Merit: 10
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November 18, 2021, 11:45:03 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?
The only reason why people are using BSC is because of the current gas fee problems with ETH. I don't think that once this is resolved with ETH2.0 that BSC adoption will continue on its current trajectory. Plus, a lot of the use cases of BSC is for meme tokens which is not necessarily going to be around in a few years (or months). Shit projects on BSC will ruin its reputation just like what happened before with ERC20 where almost the new project are scam so technically BSC will experience this later on. Yes, the problem with ETH is the fees though its normal that its congested but its not normal to pay such huge fees. Both of them Are good coin. But ETH has more expensive fees. and Yeah, we always see scam token on bsc day by day, they take an advantage with bsc's low fees to attract the investor. In bsc, we always find scam Coin, shitcoin and meme Coin everyday. We can find those Coins too in ETH, but the investor Will think Twice because of ETH's high fees.
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michellee
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November 19, 2021, 12:56:07 AM |
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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. I also use BSC at the moment because I want to avoid paying the high fees in ethereum. People like us prefer to save our ethereum and hold it to make a profit in the future because we want to maximize our profit in ethereum. But BNB price itself can continue to rise so that can make BSC grow in use. But in the future, as crypto becomes more developed, ETH and BSC can get more competition from the other projects because the fee is the concern from people when they want to make a transaction.
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southerngentuk
Sr. Member
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Activity: 1316
Merit: 254
Sugars.zone | DatingFi - Earn for Posting
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November 19, 2021, 01:29:27 AM |
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Basically I always see profit from ethereum and bnb so diversification is necessary for me as that is what i believe in this market. It's unnecessary to try to compare which one is better because the facts that are happening tell us that. Maybe ethereum is not attractive to new entrants but think about what you are looking for in this market, things in this market are not as smooth as we see crazy bullish coins. Crazy, instead experience with it, you will know satisfaction and accept the risks that come with it.
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Shasha80
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November 19, 2021, 02:04:30 AM |
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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. I also use BSC at the moment because I want to avoid paying the high fees in ethereum. People like us prefer to save our ethereum and hold it to make a profit in the future because we want to maximize our profit in ethereum. But BNB price itself can continue to rise so that can make BSC grow in use. But in the future, as crypto becomes more developed, ETH and BSC can get more competition from the other projects because the fee is the concern from people when they want to make a transaction. Ethereum has been in the crypto industry for quite some time, so now there are more Ethereum users than BSC. But slowly BSC is growing and starting to be able to compete with Ethereum. If Ethereum doesn't fix the high gas fees problem soon, it's likely that more and more Ethereum users will start switching to BSC. Competition between Ethereum and BSC is necessary so that they can compete to provide the best for their users. In addition, it is very likely that other competitors will appear, seeing the crypto world becoming increasingly popular in the world, there will always be people who want to create something better than Ethereum and BSC.
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chaser15
Legendary
Offline
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
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November 19, 2021, 03:53:14 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 depends. Choose based on what you think will be convenient for you. For now, I'm with BSC because of fees. I will use ETH again if there's a solution now for their insane fees. If ETH gas will be lowered, same as usual, no need to use BSC as an alternative especially for ERC20 token transfers. It doesn't mean BSC users will decrease since there are now lots of users who are using the BSC network that didn't have experience of using ETH transactions.
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ice18
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November 19, 2021, 06:41:26 AM |
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what do you think will happen once ethereum gas expense goes lower in close few months?
I have been waiting for eth gas fees to go lower but looks like this will not happen soon until eth shift to POS aka eth 2.0. The recent upgrade eip 1559 promise to solve eth gas fees but what happened is the opposite gas fees recorded even higher than before implementation, imagine trading in Dex for $250 fees crazy. Both BSC and Eth have huge userbase but like OP said once Eth fees it goes lower this will actually attract to BSC projects to finally shift to eth again, network security, efficiency and a more decentralized nature of eth will some of the reasons I think why eth will be more dominant over BSC chain.
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Jackl87
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November 19, 2021, 07:04:09 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?
I have to admit, that i also use the binance smart chain at the moment whenever i can and i even bridge most erc20 tokens that i have to the bsc chain because i don't have that big amounts and it is just not worth it to do anything with them on the eth chain on the ethereum chain because of the high gas fees. So most of my erc20 tokens are just laying around in my wallet doing nothing even though i could stake them for some additional free bucks. I hope the fees of eth go down in the near future again.
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hodlftw
Full Member
Offline
Activity: 326
Merit: 104
Santa Coin
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November 19, 2021, 07:57:52 AM |
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Its interesting to me that BSC fees have even gotten this far. To be fair, yesterday they had their most transactions but that goes to prove the fees go way up when the books are jammed. Both are gonna get much more expensive in my eyes and the fees will also increase likewise.
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goldkingcoiner
Legendary
Online
Activity: 2212
Merit: 1959
A Bitcoiner chooses. A slave obeys.
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November 19, 2021, 12:12:16 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 is never as decentral as ETH. And I doubt it will ever be. It is semi decentralised and could prove to be vulnerable for attacks. However, looking away from that aspect alone, it is waaay cheaper than ETH when it comes to transaction fees. Even if ETH finally catches up, I doubt it will ever have fees as low as BSC and by the time its newest updates bear fruit, there will be better alternatives to ETH. So I do not see ETH having much of a future, or at least not having a future which is a sucessful as it was before. But things remain to be seen. I might be wrong.
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Rocky993
Copper Member
Jr. Member
Offline
Activity: 560
Merit: 1
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November 19, 2021, 01:24:47 PM |
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Ethereum is a very good decision to invest solely and specifically in the long term but Ethereum Blockchain is by no means an acceptable choice in any trading, transaction. BSC performance outstanding really great in all respects.
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Lubang Bawah
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November 19, 2021, 01:30:15 PM |
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Of course BSC, the reason for gas transactions is the most important thing for me, and since gas is expensive then I always switch to other coins such as BNB or TRX, if expensive gas can't be overcome then I'm sure in 2022 ETH will come out of the top 10, Solana, BNB and Polygon will shift ETH.
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israt1@
Member
Offline
Activity: 938
Merit: 18
https://imgur.com/yw8HFn9
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November 19, 2021, 01:45:49 PM |
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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
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pragna
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November 19, 2021, 01:52:03 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?
There is weakness for ETH all time by crypto lovers as its best alt token in market but people are now out of ETH just for gas fees. Its natural that people or investors search benefit all time and now BSC transaction free are cheaf and easy to transact so that people moved to BSC chain. But if ETH come just like previous, no doubt that people will move to ETH platform again and me also.
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michellee
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November 20, 2021, 04:27:17 AM |
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Ethereum has been in the crypto industry for quite some time, so now there are more Ethereum users than BSC. But slowly BSC is growing and starting to be able to compete with Ethereum. If Ethereum doesn't fix the high gas fees problem soon, it's likely that more and more Ethereum users will start switching to BSC. Competition between Ethereum and BSC is necessary so that they can compete to provide the best for their users. In addition, it is very likely that other competitors will appear, seeing the crypto world becoming increasingly popular in the world, there will always be people who want to create something better than Ethereum and BSC.
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.
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