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Author Topic: ETH OR BSC  (Read 1623 times)
velive08
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December 17, 2021, 06:39:21 PM
 #241

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?

Due to the high Eth transection fees, I use BSC most of the time for transection, but many top projects use the Eth network for their builds, and even a few airdrops do Eth transection, although eth transection fee would be less if Eth 2 launched.

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December 17, 2021, 08:43:39 PM
 #242

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?

Due to the high Eth transection fees, I use BSC most of the time for transection, but many top projects use the Eth network for their builds, and even a few airdrops do Eth transection, although eth transection fee would be less if Eth 2 launched.
I also think so, a lot of people like BSC these days because of the cheap gas cost, the problem is that many good projects are using the ethereum network nowadays, and I think ethereum will never lower the gas cost, so the right choice is definitely BSC, if ethereum is still in the expensive category in transactions.

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December 18, 2021, 02:41:15 AM
 #243

Both of these coins are equally important to me. I have both because at that time ETH had provided a meaningful experience for me and also gave me a change in the economy, for me ETH is a very valuable asset. However, to keep up with current developments and trends, we inevitably have to follow it where BSC is currently becoming stronger because of its growing community.

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December 18, 2021, 01:58:59 PM
 #244

For me, ETH will always be better than BSC. Due to the low gas in ETH I recently started using ETH even more often than BSC. There are no innovative projects in BSC so I don't think I will be here for a very long time.
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December 18, 2021, 01:59:27 PM
 #245

Despite the price decreased of some altcoins in the market, Ethereum is still the best coin anyone can invest and still have something good to earn before the end of 2021. Many customers still believe on ethereum investment because it hard for the coin to fail in this season of celebration.
I know ethereum gas fee will reduce soon for more retailers to have more income to achieve. The gas fee is too high compare to BNB gas fee that is very low in the market which is making many investors to invest more and earn more in the future.

You are right, the bad thing about ETH is its fee rates, however BNB has had a very good increase in its price, since it has reached more than 640usd, in these moments it turns out to be a great buying opportunity undoubtedly, if we put everything in Context, for price it is better to buy BNB than the same ETH and the truth is that the projects that are based on the ERC-20 network, many people including me flee from it because their fees are so extremely expensive.

The BTC market in general is going down in price, I am sure that when the price recovers it will reach a great level, but I think that for now it is hodl to what it has.

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December 18, 2021, 02:56:44 PM
 #246

For me, ETH will always be better than BSC. Due to the low gas in ETH I recently started using ETH even more often than BSC. There are no innovative projects in BSC so I don't think I will be here for a very long time.
I haven't heard that ethereum has low gas costs, can you show us that ethereum gas costs are cheap, but when it comes to innovative projects, ethereum has it, whereas in BSC only some projects have it, only transaction fees in BNB is still in the cheap category at this time, therefore both have different audiences, depending on the needs that people want.

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December 18, 2021, 03:20:50 PM
 #247

For me, ETH will always be better than BSC. Due to the low gas in ETH I recently started using ETH even more often than BSC. There are no innovative projects in BSC so I don't think I will be here for a very long time.
I haven't heard that ethereum has low gas costs, can you show us that ethereum gas costs are cheap, but when it comes to innovative projects, ethereum has it, whereas in BSC only some projects have it, only transaction fees in BNB is still in the cheap category at this time, therefore both have different audiences, depending on the needs that people want.
Yes, BSC is very cheap and ETH is the most expensive, that's why BSC is widely used in projects such as Metaverse and NFT which are used for processing transactions. even though the ETH audience is already very large and is the first smart contract to help developers process transactions on the blockchain. but that's competition, there will be advantages and disadvantages between BSC and ETH but luckily we are the ones who enjoy it the system update

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December 18, 2021, 04:18:22 PM
 #248

For me, ETH will always be better than BSC. Due to the low gas in ETH I recently started using ETH even more often than BSC. There are no innovative projects in BSC so I don't think I will be here for a very long time.
I haven't heard that ethereum has low gas costs, can you show us that ethereum gas costs are cheap, but when it comes to innovative projects, ethereum has it, whereas in BSC only some projects have it, only transaction fees in BNB is still in the cheap category at this time, therefore both have different audiences, depending on the needs that people want.
Yes, BSC is very cheap and ETH is the most expensive, that's why BSC is widely used in projects such as Metaverse and NFT which are used for processing transactions. even though the ETH audience is already very large and is the first smart contract to help developers process transactions on the blockchain. but that's competition, there will be advantages and disadvantages between BSC and ETH but luckily we are the ones who enjoy it the system update
Due to the emergence of NFT and Metaverse, and even a few new phenomena as well as old projects recently, the cost of BSC is also starting to show some slight signs of increase, too many users and conversions force the system to run in such a direction, even though it's not that significant right now, over time accumulating will make it possible to reach fees as expensive as ethereum. While Ethereum is in the process of reducing costs, it makes the forces of both have very similar signs of displacement, can't know which side the last smile will go to

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December 18, 2021, 05:32:56 PM
 #249

Will the ether gas fee ever decrease? If not because of the huge amount of trade in UNISWAP . Due to which the amount of transfer is more and the block is increased. For which the ether gas fee increases. But that is not all. However, it has the ability to take pressure. For which BSC  gas fee is always low. And many traders now trade with BSc. The main reason is high gas fees which cannot be paid for a long time. But it is also a lot of fun to trade for a much lower fee in BSc. So I think. Even if the ether gas fee is low, people will work in BSc.
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December 20, 2021, 10:02:56 AM
 #250

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?

Personally, I'm still very interested in ERC20 even though at the Moment the Transaction fees are very high compared to binance. For the two cryptos, they have different innovations and of course have their own fans. in that case the advantages of Ethereum are clearly visible and there are still many Holders.

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December 20, 2021, 10:58:20 AM
 #251

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 wouldn't say that BSC would be a better choice than ETH, if you look closely, ETH has had problems with fees for a long time, but the fact is that ETH remains the top altcoin, actually BSC and ETH have their respective devotees. The community is very large, this can be a major factor in the survival of a coin in the crypto market.
Right now users have to concern about transaction fees not a which one top altcoins or not. Undoubtedly ETH still top alt if considering the price and big community than BSC. But it’s gas fee is really big factor to most of the users who's can't make transaction for the crazy gas fees.  

It's also natural that the gas is crazy because remembering that the price of ethereum is now very expensive, that's why it is easier for people to use the BSC network than ETH.
Sometimes the price of gas with the price of tokens that we want to sell is even more expensive gas And for now I myself prefer to use BSC/BNB rather than ETH.
But we also see now that there are many new projects that use the BSC network instead of the ETH network.
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December 20, 2021, 11:31:50 AM
 #252

Ethereum is by far the biggest layer 1 protocol project. Despite the gas fees, a lot of big projects are still building on ETH, so you can imagine for yourself what will happen when ETH 2.0 finally comes on board fully and the transaction fee reduces. ETH will take the day over BSC any time any day.

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December 20, 2021, 05:43:56 PM
 #253

You're absolutely right because of gas fees people had to wait for the gwei to be decreased so that they could transfer their coins to the exchanges or different wallets that's why most famous projects prefer to startup their coins on bscscan bcz that's the best way they could get higher profit as people would buy more bcz if lower fees so I prefer bsc token more as compared to eth

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December 20, 2021, 05:46:45 PM
 #254

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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December 20, 2021, 06:15:57 PM
 #255

BSC is currently very well prepared to deal with such flows even though Ethereum is unlikely to get very low gas fees with high dex volumes on ethereum and very high ethereum prices for now, I am very optimistic that the BSC platform will continue to survive even if this happens in the future and will remain the choice of many investors to trade on the BSC platform.

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matchi2011
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December 20, 2021, 06:52:18 PM
 #256

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 wouldn't say that BSC would be a better choice than ETH, if you look closely, ETH has had problems with fees for a long time, but the fact is that ETH remains the top altcoin, actually BSC and ETH have their respective devotees. The community is very large, this can be a major factor in the survival of a coin in the crypto market.
Right now users have to concern about transaction fees not a which one top altcoins or not. Undoubtedly ETH still top alt if considering the price and big community than BSC. But it’s gas fee is really big factor to most of the users who's can't make transaction for the crazy gas fees.  

It's also natural that the gas is crazy because remembering that the price of ethereum is now very expensive, that's why it is easier for people to use the BSC network than ETH.
Sometimes the price of gas with the price of tokens that we want to sell is even more expensive gas And for now I myself prefer to use BSC/BNB rather than ETH.
But we also see now that there are many new projects that use the BSC network instead of the ETH network.

Developers think out of the box now they are using alternative chain to allow even small time trader and investor to profit
with the project they created, most of those projects that developed inside ERC need to pay a high transaction fee, which is not
practical if you are just investing a small amount of money, BSC will be your best option.

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velive08
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December 21, 2021, 08:07:57 AM
 #257

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?

Due to the high Eth transection fees, I use BSC most of the time for transection, but many top projects use the Eth network for their builds, and even a few airdrops do Eth transection, although eth transection fee would be less if Eth 2 launched.
I also think so, a lot of people like BSC these days because of the cheap gas cost, the problem is that many good projects are using the ethereum network nowadays, and I think ethereum will never lower the gas cost, so the right choice is definitely BSC, if ethereum is still in the expensive category in transactions.

yes, if ethereum still has expensive transaction fees then we should use Binance and also polygons, in my opinion this is a good alternative to avoid the high transaction fees in Erc20. If in the future there are changes and the transaction fees are cheap again, we will return to using the Erc20 platform

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December 21, 2021, 01:24:06 PM
 #258

BSC is currently very well prepared to deal with such flows even though Ethereum is unlikely to get very low gas fees with high dex volumes on ethereum and very high ethereum prices for now, I am very optimistic that the BSC platform will continue to survive even if this happens in the future and will remain the choice of many investors to trade on the BSC platform.
Ethereum was also a cheap alternative to bitcoin a few years ago, but now it is sometimes more costly to use the ethereum network than bitcoin blockchain to transact. I for ine believe that BNB is not that popular even now and sometime in the future when it get enough popular to compete with ETH then also there would a problem arise related to high transaction fees on BNB and then people will again look for a cheap alternative just like now.
It is precisely what makes gas costs more expensive, due to the development of the coin being more in demand, the more developed the coin is, the more expensive the gas costs will be, as well as BNB, if later he is able to be in the number two position on coinmarketcap, then automatically Ordinary gas will adjust to the needs, it can even be more expensive than Ethereum gas costs, so it's no wonder why gas costs are expensive for Ethereum at this time.
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December 21, 2021, 02:14:50 PM
 #259

yes, if ethereum still has expensive transaction fees then we should use Binance and also polygons, in my opinion this is a good alternative to avoid the high transaction fees in Erc20. If in the future there are changes and the transaction fees are cheap again, we will return to using the Erc20 platform
What you need to understand is that ERC20 is a different network from BNB and Matic so there are things that can't be tricked for this and you have to stick with ERC20 in things that don't have BSC and Polygon Alternatives, so not everything can be tricked very easily good for this kind of thing.
because indeed not all erc20 tokens are also available on other networks such as BSC. although we can see some projects are also releasing their tokens in two chains at once. or someone decides to migrate to another chain. most of the reasons are the same, very classic, transaction fees.
if what is being developed is a good project and indeed has a strong market. Of course, choosing a strong network with many users will certainly not be a problem. because several new projects are more confident and focus on development on the ethereum network. instead of opting for a lower transaction fee.
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December 21, 2021, 02:33:07 PM
 #260

For me, ETH will always be better than BSC. Due to the low gas in ETH I recently started using ETH even more often than BSC. There are no innovative projects in BSC so I don't think I will be here for a very long time.
for now the cost of the BSC network is much cheaper than the ETH network, and this is a fact that is happening today. I admit that the prospects for projects on the ETH network are more promising, but most people prefer projects on the BSC network because the transaction fees are much cheaper. according to my observations nowadays it is very rare for new projects to be on the ETH network as developers avoid high fees when sending tokens to investors' wallets.

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