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Author Topic: ETH OR BSC  (Read 1626 times)
toast
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January 30, 2022, 08:29:37 AM
 #301

In terms of consistency and improvements I will go along with the ETH but with the tx fee price I think many people including me are now using BSC for faster and cheaper transaction but there are some bugs I see before which we hope have been fix already. But it is no doubt that ETH is much more better than BSC as of now but if they don't do something with the fee and many companies started to create their own project to BSC then I think the BSC will be the people's choice.

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mamesso
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January 30, 2022, 09:58:13 AM
 #302

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?
In terms of functionality and innovation offered, Binance smart chain (BSC) has the opportunity to continue to compete with the Ethereum (ETH), The reason lies in the network model applied by these 2 platforms, ETH decentralized while BSC centralized. Both of these platforms have new innovations to be implemented.
Regarding trust and security, Ethereum platform is better than BSC. But back again to the tastes of users to these 2 platforms, basically ETH and BSC both have their own fans.

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January 30, 2022, 01:14:50 PM
 #303

New project using BSC network usually not potential at the future and existing only few week after launching, many time new BSC project just giving much profit for developer only and many investor much money because holding coin for long term until developer out liquidity. Better choose with ERC20 coin network because has higher gas fees and developer will waste much money for swap or out liquidity on dapp exchange market. I have got many time scam BSC coin network like dev run away and price suddenly dump just few weeks only after coin launching to public.

Scammers are everywhere, if you are pointing the developers can easily dumped the coin, they can also do that using erc as long as they seen money that comes up from the investors, it's always best to do deeper research and not just to follow the hypes, most of the new project just like what you said are easily being dumped.

If you like riding with that kind of scheme, make sure that you are good at anticipating.

You are going to waste your money if you keep being victimized, do your DYOR and it will lessen the chance of losing..

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January 30, 2022, 03:10:36 PM
 #304

Quote
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?

For now, many prefer BSC because the gas fee is very low compared to ethereum gas fee that is too high for investors to make a good income. If ethereum gas fee reduce today Many users will change their decision to embark on ethereum than BSC because ethereum is good for short term and long term investment.
The reason why many still stand with BSC is because the fee is very low for them to make a huge amount of profits from their investment.

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January 30, 2022, 03:49:26 PM
 #305

Ethereum's high gas costs are one reason. But BSC is supported by Binance Exchange.
My question, are you sure that Ethereum gas costs will go down?
Since you created this topic until now it is just a wish that has not come true. BSC will still be in demand when Ethereum gas costs drop, and even then if it materializes.

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January 30, 2022, 04:02:38 PM
 #306

If ETH doesn't lower the transaction fee, I think people will leave it gradually. There are already some alternatives now, they offer a better service and cheap transaction fees. The best alternative is BSC, very possible to defeat ETH in the future. I think BSC is getting popular now, even some top crypto platforms already moved/added their network/chain to BSC.
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January 30, 2022, 05:39:15 PM
 #307

Yes, if ETH does not reduce the commission for gas, it will lose its position gradually,literally today it was necessary to make a swap in the ETH network, so the commission was many times more than the swap, this is not good,I try to work in the BSC network  Wink
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January 30, 2022, 06:03:05 PM
 #308

Ethereum is still for the big boys if not Ethereum would have suffered alot already instead people are still using the platform, BSC safe the day but still only for the small projects it's all good that these two projects are here today
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January 30, 2022, 06:06:27 PM
 #309

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 concept of Binance Smart Chain with Binance Chain is of course much different. Binance Chain is just an internal blockchain that can only run on the Binance platform, while the Binance Smart Chain is getting a good reception from various decentralized platforms or swap platforms. This allows BSC to run well even though Ethereum Gas costs return to normal. Binance Chain exists at a time when Ethereum gas costs are normal but its use is very limited.
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