ETH OR BSC

[the ghabbar]

As for now i think many crypto enthusiasts would say it's better bsc than eth because of the trading platforms and transaction fees that bsc is more recommended now than ethereum network because of high transaction fees, however since bsc network is the several who uses now, i think in the long run the transaction fees for bsc network would also climb definitely if bnb chase to have a high value in the crypto market in the future.

The more developed the BSC network, the greater the transaction costs required, so that BSC will take steps to increase the transaction costs, economic theory says that the more developed something is developed, the more correct the production value will be, it is possible that BSC will also experience transaction fees are expensive like Ethereum, but currently BSC is still in the cheap and affordable category.

[bct-user]

The more developed the BSC network, the greater the transaction costs required, so that BSC will take steps to increase the transaction costs, economic theory says that the more developed something is developed, the more correct the production value will be, it is possible that BSC will also experience transaction fees are expensive like Ethereum, but currently BSC is still in the cheap and affordable category.

It is possible that BSC also requires expensive transaction fees someday. But it won't happen in the near future, BSC is just developed and needs much time to increase the gas fees as expensive as ETH gas. So, it is still safe for crypto platforms to choose BSC, the transaction fees will be quite affordable for a long time. No need to worry because the increase of BSC transaction fees won't be in a few days, it needs some years.

[the ghabbar]

The more developed the BSC network, the greater the transaction costs required, so that BSC will take steps to increase the transaction costs, economic theory says that the more developed something is developed, the more correct the production value will be, it is possible that BSC will also experience transaction fees are expensive like Ethereum, but currently BSC is still in the cheap and affordable category.

It is possible that BSC also requires expensive transaction fees someday. But it won't happen in the near future, BSC is just developed and needs much time to increase the gas fees as expensive as ETH gas. So, it is still safe for crypto platforms to choose BSC, the transaction fees will be quite affordable for a long time. No need to worry because the increase of BSC transaction fees won't be in a few days, it needs some years.

Indeed there has been no official news issued by BSC regarding the increase in gas prices, and probably will not happen in the near future, BSC was developed based on a small concept, where they target transactions and costs that can be reached by many people, so today is what makes BSC grow just because of that problem, is it possible that BSC will make a mistake in the near future by raising gas prices higher, I don't think it will happen anytime soon.

[bct-user]

Indeed there has been no official news issued by BSC regarding the increase in gas prices, and probably will not happen in the near future,

No, I think there will be no official announcement about the increase in gas fees. It is no need because the gas fee may change only in a minute, what for announcing this information? But I agree that there will be no significant increase in BSC gas fees in the near future. The developers must think it will ruin the interest from people to use BSC.

[bhooscream]

Indeed there has been no official news issued by BSC regarding the increase in gas prices, and probably will not happen in the near future, BSC was developed based on a small concept,

The increase of the fees will depend on the crowds of the transactions in the blockchain moreover if the crowd enough, commonly there will be little bit increasing.
But BSC increase is still very tolerance and seems not still no problem for us, moreover even if we are transferring big amount of BSC tokens.
However if the ERC20, we have see how many increase that can happen on in seconds, the difference can be more than 20-hundreds Gwei. This is bad and why I really hate using Ethereum blockchain. But we cannot still avoid because most tokens stull use ERC20 blockchain.

[terrorJR]

when the Ethereum Erc20 chain fees are higher in transaction fees, there are many companies that switch and use the exchange network in BSC Bep20, because the transaction fees are cheap and fast, I say BSC Network has a better ecosystem and is trusted by many people, including more sensitive to security.

Don't forget about the many scams there due to the low cost of gas.
Actually there is a positive side as well as a negative side when talking about this because indeed they are very cheap so a lot of people want to do evil it's easy and there are lots of scams there.
But that doesn't mean it's just a negative side, the positive side is very much and this is very felt for investors and small traders like me.

[manok jepang]

ethreum very  currently dominates the market, but due to very high transaction fees, many small traders are switching to the binance network because it has very low gas costs and very fast connections, even though currently binance gas costs are starting to increase slightly but the increase is still very reasonable and the increase is caused by the density of users who use this network, for now I highly recommend binance.

[the ghabbar]

Indeed there has been no official news issued by BSC regarding the increase in gas prices, and probably will not happen in the near future, BSC was developed based on a small concept,

The increase of the fees will depend on the crowds of the transactions in the blockchain moreover if the crowd enough, commonly there will be little bit increasing.
But BSC increase is still very tolerance and seems not still no problem for us, moreover even if we are transferring big amount of BSC tokens.
However if the ERC20, we have see how many increase that can happen on in seconds, the difference can be more than 20-hundreds Gwei. This is bad and why I really hate using Ethereum blockchain. But we cannot still avoid because most tokens stull use ERC20 blockchain.

It's just a matter of choice, if many projects use the ethereum network, then we also can't do anything, but today many projects have switched to the BSC network, this is more interesting when compared to 5 years ago, using the ethereum network makes us a lot the costs required, especially if the coins or tokens we have are only a few, then the gas costs are much greater than the exchange of results we get.

[mbakruroh]

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?

Yes, the binance smart chain is getting bigger due to the high Ethereum gas costs so many new projects are being developed on the BSC blockchain.
However, after we followed some developments from a new project that was released to the swap platform exchange, the bsc blockchain, then it did not provide relief for users due to the high demand for Slippage Tolerance.

[nakamura12]

I like bsc right now as it is more cheaper fee for having transactions compared to ethereum but soon ethereum's fee will decrease just like before where the fee is very low and many used it but stilll this time there are lots of people who use ethereum. For me, I stick for bsc for sending but I accept eth as payment and sometimes fee for sending.

[JayTrain]

Today I decided to go to the ETH network and trade on Uniswap, I realized that I no longer want to be in this network, I spent about $ 130 for several transactions, while I had one unsuccessful for $ 46 just a nightmare.Then I went to the BSC network and made dozens of transactions paying about $ 3.So today the choice is obvious for BSC.

[wheelz1200]

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's a good question but if eth stays the course there is no way to sustain token prices on their chain with those gas fees.  In a bull market sure no one cares when they are making money hand over fist but in a bear market when those fees will eat you up, it will drop really quick.

[sulendra12]

Today I decided to go to the ETH network and trade on Uniswap, I realized that I no longer want to be in this network, I spent about $ 130 for several transactions, while I had one unsuccessful for $ 46 just a nightmare.

It's been always like that since last year on uniswap after the airdrop and probably it's not only on that platform that suffers of how high the transaction fees are. One of the main reason I stopped using ETH network for a while because it's just silly to think that you need to pay 3X amount of fees just for small amount of transaction. Hopefully they can fix the how big the fees for ETH later.

[Dr.Osh]

It's a good question but if eth stays the course there is no way to sustain token prices on their chain with those gas fees.  In a bull market sure no one cares when they are making money hand over fist but in a bear market when those fees will eat you up, it will drop really quick.

However, I think in a bear market or a bull market, fees are always something to pay attention to. even when the price goes up, the fee for etherem also increases, even very high. to be honest, for now, I'm using BSC more than ETH. maybe some people still use ETH because they have a large amount of assets so they don't really care about fees. however, for small traders, I think it is very burdensome for them.

[EmmaGod]

Ethereum is still a big brother to binance smart chain. Despite the fact that BSC seems to be more economical in terms of transaction fee. Ethereum still has more projects built in the platform than BSC. I must confess that BSC is doing great and has contributed substantially to easing the burden of high transaction fee.

[nurulhmani1280wat]

ethereum and binance smartchain are the top coins having high capacity in crypto market, only one of them is ethereum gas fee is very high, then some companies switch to BSC because of the relatively low exchange fee, both coins have their respective advantages, invest here is very good and the risk level is very low.

[ringgo96]

For now many users of the ethereum network switch to using BSC, and this is a result of the high price of gas that must be incurred when making transactions, since this happens many investors who have used the BSC network because of the very cheap gas costs and transactions used are also very fast, if later the price of gas on the erc-20 network again decreases then I am sure both networks will certainly always be relied on and investors will not leave the network. BSC just like it happened with DEX, so in the future we will see how the competition between the two networks.

[redwine49]

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 think i I avoid using ETH chain as long as possible and BSC is ok for me.
but it doesn't mean that i wont hold/buy ETH. just their fees are making me not to use them often

[sarmrakib]

It's a good question but if eth stays the course there is no way to sustain token prices on their chain with those gas fees.  In a bull market sure no one cares when they are making money hand over fist but in a bear market when those fees will eat you up, it will drop really quick.

However, I think in a bear market or a bull market, fees are always something to pay attention to. even when the price goes up, the fee for etherem also increases, even very high. to be honest, for now, I'm using BSC more than ETH. maybe some people still use ETH because they have a large amount of assets so they don't really care about fees. however, for small traders, I think it is very burdensome for them.

Its true that he who a have huge amount of asset use the eth chain they really don't care about the gas .Actually the fee has increased for huge transaction occurred .We all know that the eth chain are popular and they still depend on it but now the trend are looking into different chain .We have seen that BSC ,Sol are become more popular .You said you are using BSC and most of the investor who are starting use these change which are really cost less fee .Hope eth dev will do something better to decrease the fee if they have any chance to do like this .At the end crypto are become more popular that's why the transaction are increasing daily .Hope we will find more solution in near future to avoid huge fees .

[Snappycoco]

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 isn't for the general public. Its high fees are absurd that it needs you 50$ just for a swap in their Dex and even 20$ just for sending your tokens. Bsc dex in the other hand cost around less than a $ per transaction. A well balanced compared to eth but skeptical due to its centralisation. So in short, Id choose Matic over the two.