Which is better: Ethereum or the Binance Smart Chain?

[Howard@1]

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

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[avikz]

I personally prefer BNB because of the less gas fees. But ETH is quite good as an investment. But due to its high gas fees, I don't prefer to do any transactions in ETH chain. But Polygon is even better because it has zero gas fees.

I would recommend you to read this article,

https://uk.finance.yahoo.com/news/ethereum-binance-smart-chain-blockchain-defi-crypto-074504608.html

It's quite useful!

[tbct_mt2]

Better on what aspect?

Ethereum is better if you are considering the size of its ecosystem but it is worse if you are considering about gas price, transaction fee on ERC-20 chain.
Binance Smart Chain is better if you are considering about its gas price and transaction fee which is much lower than ERC-20 chain.

However, if you are only considering quality of a project like this, shit altcoins are better than both Ethereum and Binance Smart Chain because they have nearly zero transaction fee. Seriously they are shitcoins and mostly can not survive more than 4 years. So are they actually better than Ethereum or Binance Smart Chain? In my opinion, they are not.

Back to your question, Binance Smart Chain is not better than Ethereum.

[Psynthax]

Which is a better platform? Ethereum or the Binance Smart Chain?

The answer will be very subjective depend on the personal opinion.

I will try to explain the answer from the different perspective.

Ethereum seems to be better in term of decentralization as ethereum has been running by thousands of nodes in the world. This means ethereum will be more secure and safe compared with the binance smart chain. In this case BSC is loosing against ethereum caused by BSC is only running by a few nodes. It's around tens or more.

When you are seeing this from the scalability and i will say BSC is leading and then ethereum. It's caused by ethereum was not scalable like BSC. the transaction fees is also very high compared with BSC.

[Wewe Gombel]

Of course, BNB, the rapid development of BNB and the support of a strong and dominant market network makes me believe that BNB will soon pass ETH, especially the unclear issue of ETH2.0 which makes ETH users continue to decrease.

[crzy]

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

They are both ok, but if your concern are more about the fees then go for BSC since its way cheaper and faster compare to ETH network.
Though personally, I don't look much on the network of the project since my focus is more about the project and no matter what their network is, as long as they are a good project I will surely invest. These two network has been the option of many good projects, better not to focus much on the network and start looking for good project on any network.

[Protomono]

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

Both have their own advantages and differ on the platform. if BSC the fee is cheaper and faster than the Ethereum network. On the ETH network, users always complain about the high fees, even though in the long term, ETH is able to provide benefits and still has attractive potential. Moreover, if system and network updates can be carried out, it will increasingly make ETH an effective choice.

[crwth]

If we are talking about affordability, it's BSC. In terms of reliability, ETH would be better. They have more experience within the space, and being the #2 crypto is reliable. I'm not a developer but I think it's still ETH that dominates in this kind of platform

Are you planning to create a project between those two coins?

[danherbias07]

Transaction fee wise, BSC. No questions. Investment-wise, Ethereum will still be my choice. Speed is also a factor as BSC has super speed that completes transactions in just minutes or sometimes lesser with less traffic.
I have read the news that Ethereum will rebrand.
https://cointelegraph.com/news/eth2-is-no-more-after-ethereum-foundation-ditches-name-in-rebrand
So, they are not stopping and while continuing the switch to staking consensus they are making a trend which is good marketing that could invite more buyers.

[Alert31]

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

If you are looking for a cheaper gas fee then Binance smart chain is better. For investment I will choose Ethereum because of a higher potential to grow in the near future. I remember last year 2020 that I have more than 5eth and just sold for only $260 per eth  and just after more than a year the value of ethereum reached $4k. So now that ethereum is below $2k, it is an opportunity to buy and wait until market recover. In terms of ethereum gas fee, let's just wait the right time that it will become cheaper like other network.

[shinratensei_]

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

I will pick BSC as a better blockchain than ethereum, I know this is less decentralized but who cares about the decentralization as long as i can send any money with very cheap fees and that's more than enough.
Ethereum was an outdated blockchain and so many people are feeling depressed with it. Ethereum is a blockchain for the rich guy. Come on man. Paid a lot of money to send a small transaction.
This blockchain is not relevant anymore to be called a blockchain. I think that rather than the decentralization of blockchain and people will be taking the fees as the main thing to determine which was a better blockchain. People are using it everyday and that's why they need to find a blockchain with small fees.

[JayTrain]

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

if you look from which side, if you compare scalability, gas price and transaction speed, then of course the BSC network is better, but at the expense of decentralization, I'm not sure that bsc is famous for this, but ethereum is still a decentralized network.

[glendall]

everyone has their own opinion about platform eth or BNB
I personally prefer BNB because it is more friendly in shipping, unlike ETH, where shipping costs are often not synchronized between expenses and income (loss)

[makishart]

Binance smartchain is good enough but i will not say this one is bad. The fact that if BSC is full with piece of shit. So many scam tokens are on binance smartchain and it seems like that the popularity of binance smartchain is so big among the scammers. In this case i do believe ethereum is far better than binance smartchain. I do like the high fees has been giving the ability for the scammer to create more and more scam tokens. I don't like BSC and this chain is flooding the market with so many scammers. Scalability was good but it can also become a boomerang for anyone.

[Reid]

Ethereum have worked their way to be in this position. Roots are important especially in the cryptocurrency industry. That means a highly trusted company/being is behind it unlike any other altcoin that was created which will be dead in a few years. That's why I pick them as my second asset next to Bitcoin.
But, when you are making a lot of transactions by now you should try something else because Ethereum is in difficult times with high tx fees. That's where Binance Smart Chain comes in. Ethereum will always be better but patience is needed up to the completion of their change to POS.

[TimeTeller]

Ethereum have worked their way to be in this position. Roots are important especially in the cryptocurrency industry. That means a highly trusted company/being is behind it unlike any other altcoin that was created which will be dead in a few years. That's why I pick them as my second asset next to Bitcoin.
But, when you are making a lot of transactions by now you should try something else because Ethereum is in difficult times with high tx fees. That's where Binance Smart Chain comes in. Ethereum will always be better but patience is needed up to the completion of their change to POS.

When it comes to network fees, BSC has the advantage over ETH for now.
But some are still preferring ETH because of its decentralized nature.
So as a user, it depends on your preference here. Fees or nature of the network?
If ETH will resolve their long-running gas fee problem, will people go back to this platform?
Probably yes, because its position in the market has been established already and many people are trusting this network because it is more decentralized.

[Ararbermas]

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

if we will gonna make a comparison probably for now binance smart chain in my personal opinion wherein since BSC network has a very low fees nowadays and as usual ethereum still not fair since the day fees increasing too much until now.. Infact a lot of people are now using bsc network because of that reason. So for now binance smart chain is better than ethereum.

[Daodex]

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

Ethereum is the best but BSC came to solve the gas fee issue as we know it, to me presently one can't do without the other so I don't hate any, the only difference is gas fee, in future if Ethereum solves this high gas fee issue I don't know what the fate of BSC will be.

[YinShuiSiYuan]

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

Ethereum is by far the largest platform for providing smart contracts in the cryptocurrency market. Mainly for a very simple reason, i.e. it has been on the market for the longest time. The fact that a large number of projects and users at the same time use this network has made transaction fees enormous, making Ethereum impractical for microtransactions. The Binance network is a copy of Ethereum but with some minor changes that make transactions faster and cheaper. At the moment, the Binance platform is more practical. However, everything will probably change after the implementation of Ethereum 2.0, which will take place soon.

[el kaka22]

I have always prefered ETH when asked "which is better" but I end up using BSC because it is cheaper.
I know that sounds like a hypocrisy to many people but I just do not have the funds to use ETH, that is why.

I would also prefer to have 1 BTC but I only have 1 ADA instead (example), not because I prefer ADA, but because I can't afford BTC, same idea. If I had a lot of money and did not worry about the transaction fees then I would be able to trade with ETH or use projects in the ETH network, and I seriously think that it is much better.

Not in any tech way, I am sure that BSC is as good as it gets when we are talking about blockchain technology but when we are talking about decentralization, BSC is highly centralized and all based around Binance and CZ, whereas ETH doesn't have that, even Vitalik could be told to go off if people dislike his idea.