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Author Topic: Which is better: Ethereum or the Binance Smart Chain?  (Read 1539 times)
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March 06, 2022, 09:11:35 PM
Last edit: March 06, 2022, 10:12:59 PM by Renampun
 #101

No one will go with Ethereum if considering network fee on ETH, because in comparison BSC provided very lower transaction fee where ETH gas fee is extremely higher
True. Everyone must choose BSC network because they are not happy with the current gas fee in Ethereum. Ethereum gas fee is never resolved, the price is still expensive. Ethereum developers only care about the transaction speeds, they don't care about the transaction fees. People are very unsatisfied with ETH performance lately.
The advantage of BSC only lies in the cheap transaction fees, for the speed of processing transactions, I think the two are balanced...

even so, the platform that adopts the erc20 network is far more than the bsc, this is what makes even though the ethereum transaction fee is high, the number of transactions per second is still very high. especially when NFT and Defi are in hype, we all see very expensive eth transaction fees, it really doesn't make sense.

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March 09, 2022, 07:36:54 PM
 #102

Both are good but I would also prefer using bnb which many people are correct about it's fees in transactions. Though there might be some time that the transaction fee us not small enough if it is used in smart contracts but all in all both have it's advantage and disadvantages. For now, I haven't use ethereum and I always end up using bnb for doing transactions that can help me do transaction faster and lesser fee.

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March 09, 2022, 08:11:30 PM
 #103

Both are good but I would also prefer using bnb which many people are correct about it's fees in transactions. Though there might be some time that the transaction fee us not small enough if it is used in smart contracts but all in all both have it's advantage and disadvantages. For now, I haven't use ethereum and I always end up using bnb for doing transactions that can help me do transaction faster and lesser fee.

Same here! I already said that I will not use Ethereum ever again! It's how annoying Ethereum is in my opinion, I see myself as a crypto user and I move coins all the time! With discovering BNB I found some relief, simply it was much cheaper to do my daily things, I would say normal, not like with Ethereum!
Well, I am choosing Binance smart chain! I sold all my ETH and some ETH tokens I have, I don't even wish to think about them! I also think that if ADA developers are smart and do something about fixing other smart contract problems they can do a lot in the future! Maybe it can be the next big thing that can outshine these two! Of course not is some near future!

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March 10, 2022, 01:21:23 AM
 #104

I know many have listed some reasons but i will go straight to chose, in this point Ethereum is better but for less gas expenses i uses BSC for transaction so it save me cost of spending much while transacting. also consider that BSC is a side chain of Ethereum so if no ETH then BSC will find it difficult to function smoothly.

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March 10, 2022, 02:41:00 AM
 #105

from the past until now, the Ethereum network is indeed very good in my opinion than others, but now people are switching to using the BSC network only considering the shipping price is quite expensive than before, maybe because the price of Ethereum is too expensive.
I also think the BCS blockchain network operates in a smooth system, of course there is support from the Ethereum network as well so everything is easy and smooth.
When a coin already has its own network, then it is no longer associated with the old network that it used to have before. It seems that BNB already has its own network, namely BSC, so in general it has been separated from their old network, namely ERC20 which was used to develop BNB for the better.
So this has actually started to separate for both on BNB and ETH can still stand independently.
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March 10, 2022, 04:29:39 AM
 #106

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

We believe ethereum is better in every way right now.
The most problematic thing why the Binance Smart Chain and the ethereum network are always competing is because of their vastly different fees.
yes, maybe the Binance smart chain is the best alternative for ethereum gas costs that go up high at any time.
But that doesn't guarantee there is security in the BSC network itself, as there are currently lots of token dusting attacks.
Ethereum was known to be expensive a while back, but not for now. I'm sure that currently ethereum is quite friendly with gas fees,
they have at least dropped below 100 gwei for fast transactions.
Apart from that, the security of the ethereum network is quite good, at least there is very rare token dusting on this network.

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March 10, 2022, 12:52:15 PM
 #107

Ethereum

It is more secure, and the functions developed with the Ethereum-based protocol are relatively good, such as DFBTC, which is a Bitcoin cross-chain DEFI application
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March 10, 2022, 01:23:42 PM
 #108

BSC needs its own chain before I can accepts comparisons between the two, right now BSC still runs on ETH network itself but brings solution of gas fee only that's all I can see here, there is a rumour that BSC is going different chain maybe this is what we've been waiting for.
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March 10, 2022, 01:31:37 PM
 #109

Ethereum still the best chain since its proven secured and most adopted, but if you are worried about fees and network traffics since there are high volume of transactions made by its user maybe you can select Binance chain since this is also convenient for token creation and this one is mostly used by scam devs since its easy to create new tokens for using BNB chain.

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March 10, 2022, 05:01:21 PM
 #110

No one will go with Ethereum if considering network fee on ETH, because in comparison BSC provided very lower transaction fee where ETH gas fee is extremely higher
True. Everyone must choose BSC network because they are not happy with the current gas fee in Ethereum. Ethereum gas fee is never resolved, the price is still expensive. Ethereum developers only care about the transaction speeds, they don't care about the transaction fees. People are very unsatisfied with ETH performance lately.


People are having a hard time dealing with the high gas fees in the Ethereum network. It's a good thing that BSC has existed and we're now able to transact with affordable and justifiable gas fee. I guess it's something that ETH should be mindful of. Users are now switching to BSC Network so I hope that they would lower down their fees.
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March 10, 2022, 07:26:43 PM
 #111


 Lately I have switched some of my ETH investments into BNB a bit more. I believe that ETH is definitely a big deal and it will continue to be second ranked coin for a long time. However, the potential for a bigger increase is with BNB right now. Doesn't mean that ETH will not go up, but I feel like BNB has a bigger potential to go higher up. This was teh only reason, if we are talking about just regular increases or regular days, ETH is still fine. I saw ETH 2.0 as a great way to increase it, but then I realized that this will not happen anytime soon, I expected it to happen in 2022 but apparently it doesn't look like it will happen this year.

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March 10, 2022, 07:32:03 PM
 #112

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

in my opinion the best platform is EThereum because ethereum has strong fundamentals, although now experiencing problems regarding high transaction fees but that does not mean Ethereum is not good. and Binance is also one of the best platforms right now, but if I had to choose, I would choose ethereum which is better than Binance.

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March 11, 2022, 04:58:45 AM
 #113

My views for ETH and BNB are platform cool and good investment. The easiest way is to see the level of retail optimism from daily transaction volume movements https://coinmarketcap.com/rankings/exchanges/ if the volume is low, it means that the majority of retailers are waiting & see.

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March 11, 2022, 06:41:22 AM
 #114

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

in my opinion the best platform is EThereum because ethereum has strong fundamentals, although now experiencing problems regarding high transaction fees but that does not mean Ethereum is not good. and Binance is also one of the best platforms right now, but if I had to choose, I would choose ethereum which is better than Binance.
Eth is a platform that is fundamentally stronger because there are smart contracts on Eth which have been widely used by other token developers so far, although Binancen also currently has a Bsc Chain that allows for smart contracts to be created, but in my opinion Eth is still the best and most current in terms of using smart contracts, besides that with the Decentralized Exchange Apps feature it allows us to be able to enjoy many of the conveniences that exist, so that convinces me that eth still has good prospects for future investment.

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March 11, 2022, 11:31:49 AM
 #115

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

Both have their respective advantages. I will explain and you can conclude.
Ethereum Network: Has high gas costs as a drawback, but has good project quality even projects published on their network are quality projects.
Binance Smart Chain Network: Has low gas costs as an advantage, but has low project quality and is even prone to hacker attacks on their network such as token dusting, projects published on this network are often fraudulent.

You can deduce which one, but I'm sure those who want security and investment will choose ethereum, if they want low cost they will choose BSC.

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March 11, 2022, 11:49:01 AM
 #116

I prefer BNB because gas costs are cheaper and BNB is now growing because of strong market support for investment I prefer to ethereum

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March 11, 2022, 11:59:10 AM
 #117

I prefer BNB because gas costs are cheaper and BNB is now growing because of strong market support for investment I prefer to ethereum
Why don't you just choose both at this point because they are still in the best coins line up for now. You choose BNB because gas costs are cheap, but on the other hand you can also invest in BNB for certain reasons, but you also still like Ethereum even though Gas costs are still very expensive at this time. So it's better for you to just choose both and if you can try adding another Bitcoin for a long-term investment option.

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jostorres
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March 11, 2022, 07:40:18 PM
 #118

I prefer BNB because gas costs are cheaper and BNB is now growing because of strong market support for investment I prefer to ethereum
Why don't you just choose both at this point because they are still in the best coins line up for now. You choose BNB because gas costs are cheap, but on the other hand you can also invest in BNB for certain reasons, but you also still like Ethereum even though Gas costs are still very expensive at this time. So it's better for you to just choose both and if you can try adding another Bitcoin for a long-term investment option.
I still believe that if you want to invest into ETH, you could do that, and keep it in the exchange if you are not worried which means a lot of profit saved from gas fees as well. This allows you to invest into ETH because you like it, but not use it, and invest into BNB because you want to use it, doesn't matter if you like it or not.

This comes out to the part of your message, it means you do not have to choose between them. If the only problem you have with ETH is gas fee, then you do not have to use it much, just buy it and store it and wait for it to get a higher value. I have both ETH and BNB and it allows me to make a good return.
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March 25, 2022, 07:04:21 PM
 #119

Which is a better platform? Ethereum or the Binance Smart Chain? Please explain why.

in my opinion Ethereum is the best platform of all time because ethereum has strong fundamentals since its launch and this has been proven until now ethereum is still surviving and has a fairly high volume. although currently Binance is the preferred platform for many people, but for me ethereum is the best.

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March 25, 2022, 07:17:41 PM
 #120

Ethereum will be most of the people opinion. The people who was here since the crypto investment get their holdings only in the Ethereum,because Binance was get into the transaction fee jut now.In a crypto world most of the people just inverse on Binance last year,I don’t know how much true.This happened when the price was around 300$.Now you know ,how much changes happened in Binance smart chain.
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