ETH OR BSC

[gabbie2010]

I would be happy if the ethereum gas fee will go down so I can move my ERC20 tokens to the exchange. About BSC I think there will be no affect or will go down the popularity of the network if that happens, I believe BSC will still popular network. It's good to have 2 networks so that we have an option to choose which network is cheap because sometimes Eth gas fee will high again.

Transaction fee of Ethereum will definitely drop if ERC20 is fully implemented, however when it going to be fully operational remain unknown, I agreed with you that it full implementation will provide alternative for developers to choose their preferred network among the available ones like BSC, TRON and ERC20, it is very unfortunate that transaction of ERC enabled tokens requires high fees at this point in time, it is obvious many investors and crypto enthusiasts still have their tokens in their respective wallets eagerly waiting for the fee to drop.

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[chakhigh]

Ethereum is famous and strong as one of the leaders in blockchain technology, but it is not good for crypto transactions. First, because of its high fees/tax, second, because not all investors are wealthy to tolerate spending hundreds of dollars just to do simple deposits or withdrawals!

Apart from BSC, I personally see huge potential in using other projects to save more. Projects like Avalanche, Fantom are great for this reason. Also, more Defi projects (like CatenaX) are entering the space using BSC to expand the end-user possibilities.

[LUCKMCFLY]

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

I agree with you, in fact one of the networks that are giving the most talk is called Polygon, it is a network that is economical, which will monopolize most of the NFT projects based on the metaverse, in fact there are already some announcements that are join this network where you will have a great price in fee and are already beginning to do the respective advertising. The truth is that I have not come across a fee like the one shown in the publication that is so expensive, because it is even sometimes more expensive than the ERC-20 network itself And I know that the ERC-20 network is very expensive because it makes days I had to make a transaction where I got more than 150USD.

[Joshapat]

100% I choose BSC, now ETH is only suitable for whales, many tokens that are in ETH I can't send to exchanges because transaction fees are expensive, especially for swaps it costs more than $150, and from ETH speed is very bad, while BSC cheap transaction fees and better speed so many devs. who switched to BSC.

[Xampeuu]

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..

hopefully the cost of the bsc is not as expensive as the cost of the eth network, although it is increasing. because for now I think many people are comfortable using the BSC network, which is one of the reasons because gas costs are cheap and fast. but there are several other networks that give us more choices to make transactions, and of course we will continue to choose the most profitable ones

[PhucS]

High gas fees are a problem that hinders a lot of users and projects using ETH. Most projects now choose BSC to develop due to low gas fees, it is also supported by many users. However, I think ETH is still good, it is still developing quite well despite its high transaction fees. New ETH upgrades will probably fix the gas fee problem, let's wait.

[matchi2011]

High gas fees are a problem that hinders a lot of users and projects using ETH. Most projects now choose BSC to develop due to low gas fees, it is also supported by many users. However, I think ETH is still good, it is still developing quite well despite its high transaction fees. New ETH upgrades will probably fix the gas fee problem, let's wait.

Still a hope from many investors to see the adjustment coming from ETH team, way back
there's  some time that they are only charging small amount compared to how much they are
charging right now.

But that's already history and we can't see that anymore maybe after another update the team
will take care of this concern.

[smartaction]

Bsc is now one of the popular blockchain and around all of the big companys token has make in bsc. And people now can use around 80% token in bsc chain. which is cost very low transcation fees. On the other hand ETH still have very high gas fee. that's why people now leaving Ethereum Network and property use bsc.

[mr.robot8]

I have always been happy with the eth blockchain which remains my favorite because it has many tokens and many nft inside it, i had folded temporarily on the bsc blockchain because the fees for the eth transfers had become unsustainable but now the situation seems to be returning to normal thanks to the eip-1559 protocol and the twin blockchain arbitrum so slowly i'm going back to using eth and i'm abandoning bnb

[wissy]

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 isnt "way better" choice over ETH, right now it has just this advantage, that the fees are cheaper but if BSC would get as popular as ETH, or get its marketcap even close to ETH, then we would see the same story over and over again. We need to get to POS as soon as possible, otherwise we will come to a halt with every blockchain being clogged with high fees.

[Fivestar4everMVP]

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?

Well, I honestly think that if this happens, BSC is definitely going to loose alot of customers cus binance smart chain can't be compared to Ethereum in the first place, just like you've said, many people flocking to binance smart chain to build their project are doing so mainly because fees on the network is very cheap compared to that of Ethereum, Infact, to justify this, there this token I found on poocoin ads, after a very little research, I decide to invest in it, when I asked the admin where to buy, he said I should on uniswap, I was like 😳, I asked if the token is an erc20 token.? They said "yes", and instantly, I gave up the idea of investing in that project, atleast, until they are listed on a centralized exchange., so currently, new projects built on Ethereum are actually loosing investors due to the high transaction fees.

[UDONNA]

It is not surprising that Binance is using this momentum with high gas prices on the Ethereum network to attract new supporters and promote its products in the general competition. Why not, if it is beneficial for us, consumers.

[Smitty Werben Man Jensen]

It is not surprising that Binance is using this momentum with high gas prices on the Ethereum network to attract new supporters and promote its products in the general competition. Why not, if it is beneficial for us, consumers.

indeed one of the advantages of BSC is that the fee is cheap and easy to use,
only launched in a few days Binance Smart Chain already has a total user that exceeds Ethereum,
this is what makes BSC more popular, if BSC does not have the same problem as Ethereum in the future,
then I really believe BNB will become a phenomenal coin and will beat Ethereum in 2nd position Coinmarketcap

[izsara]

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

their current price is too high and this will definitely affect their gas.
but indeed for now it is not worth it when we want to start with eth especially with minimal capital.
I think this is the reason for small traders to be in BSC because indeed if they are in ETH it is not profit that is obtained but on the contrary when we only have a little capital

[Amboss9091]

Depending on the current situation, the main reason why the administration in ether is not affordable to small investors is. its gas fees.  Against this,BSC is becoming very popular as low gas fees and wide class prefer BSC.  If there is less gas in ERC 20 then people will like it.  Even today many people transact in ERC 20 also.

[Hasan986]

Eth and BSC two chains are very popular now adays. However, we know that the swap fee in Eth is much higher. Due to which small investments cannot be made here. BSC is the 1st choice of investors as it has low fees.

[sana54210]

in fact one of the networks that are giving the most talk is called Polygon, it is a network that is economical, which will monopolize most of the NFT projects based on the metaverse, in fact there are already some announcements that are join this network where you will have a great price in fee and are already beginning to do the respective advertising. The truth is that I have not come across a fee like the one shown in the publication that is so expensive, because it is even sometimes more expensive than the ERC-20 network itself And I know that the ERC-20 network is very expensive because it makes days I had to make a transaction where I got more than 150USD.

I would say that Matic does have a future, but I wouldn't say it is the "best" one right now. I am not saying it is bad or anything, like I said at the start it is a good project with a future. However I believe that if we were to believe that NFT and smart contracts are the future, then I would put SOL above Matic right now. In fact, I would put Avax in front of them all.

Avax seems to have a much better long term solution to the gas fee problem, and they are doing great marketing at the right places as well. Starting a new NFT collection costs less than 100 bucks there, with distribution included. Go ahead and try to create one single NFT with 1k copy, and say you are giving it away for free if people tweet under you with 3 other mentions of people so it grows. You will be out of that 1k in a single day (if you could distribute that much), they have a VERY active community like that.

[Mosarof22]

The Etherium Network is one of the most popular sites. But small investors are suffering because of the current high gas transaction prices. Compared to that, the transaction value in Binans Smart Chain or BSc is comparatively less. If the price of etherium gas goes down, it will be everyone's first choice but now the people of BSc are solving the problem.

[abralzain17]

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?

both cryptos have equally large holders and both platforms continue to perform well. As for the reason for the increase in the binance platform, it is not because of the high cost of GAS in ERC20 in my opinion. despite the high ERC20 Transaction fees there are also users using the platform. even if in the future erc20 has a low transaction fee, then there will be no effect for the bsc network to continue to grow. this shows that both are big platforms that are constantly being developed.

[LUCKMCFLY]

in fact one of the networks that are giving the most talk is called Polygon, it is a network that is economical, which will monopolize most of the NFT projects based on the metaverse, in fact there are already some announcements that are join this network where you will have a great price in fee and are already beginning to do the respective advertising. The truth is that I have not come across a fee like the one shown in the publication that is so expensive, because it is even sometimes more expensive than the ERC-20 network itself And I know that the ERC-20 network is very expensive because it makes days I had to make a transaction where I got more than 150USD.

I would say that Matic does have a future, but I wouldn't say it is the "best" one right now. I am not saying it is bad or anything, like I said at the start it is a good project with a future. However I believe that if we were to believe that NFT and smart contracts are the future, then I would put SOL above Matic right now. In fact, I would put Avax in front of them all.

Avax seems to have a much better long term solution to the gas fee problem, and they are doing great marketing at the right places as well. Starting a new NFT collection costs less than 100 bucks there, with distribution included. Go ahead and try to create one single NFT with 1k copy, and say you are giving it away for free if people tweet under you with 3 other mentions of people so it grows. You will be out of that 1k in a single day (if you could distribute that much), they have a VERY active community like that.

Yes, and I am actually surprised that the BSC network is already giving as a minimum requirement to be able to operate from BInance to Metamax in 100USD, which for those who liked to do very small operations will not be able to do it due to network congestion, this is becoming a problem just like ETH, a better network could probably emerge, but the one that sounds the most at least for metaverses is the Polygon network, and one of the things they recommend the most is because of the very low fees that required. I do not know to what extent the best network could be, only that everything is moving there.