Which is better: Ethereum or the Binance Smart Chain?

[kotwica666]

In my opinion, currently the best is BSC, although the transaction volume has increased dramatically since 2021, the transaction fees and speed are still realistic, this is what makes investors and developers turn to BSC.

Ethereum and Binance networks operate on very similar principles. As the number of BSC users increases, the transaction fees will also increase. In time, the fee prices will probably increase as it happened on the Ethereum platform. At the moment it is much better to use BSC, but in the future (after updating to ETH 2.0) the situation may change and it may turn out that Ethereum will be cheaper.

[blockman]

For consideration of transaction costs and speed of course BSC is better than ETH, this is what makes BSC's popularity skyrocket and becomes the strongest candidate to replace ETH, I'm sure if there are no negative issues about BSC like what happened with Solana then a maximum of 2 more years BSC will replace ETH.

Eth folks like me have been looking for a way to avoid the costly transaction fee. With an alternative to it, BSC is the one that has caught the attention and solution for defeating that problem. But it shouldn't be like this forever as we're still into many erc20 tokens for transactions.
ETH should be the one standing on this problem and solving it quickly. It already took a year or two AFAIK and yet the fees are still haven't been cheap. Sometimes it's cheap but that cheap is still costly compared to BSC and it happens only randomly, we need that to be stable for real.

Yes, it has been our struggles last 2020 but never had changed and the fees are still high and the availability of the BSC platform saves the majority who are still using ERC20 tokens. In fact, I have some stuck ERC20 tokens in my wallet but can't move them as it was costly, and the amount isn't worthy enough to pay $15. $10.

If there is only another way to transfer our ERC20 token, many will totally leave ETH. But I think the market is so unfair, we haven't any other option but to use ETH if we have to.

That's already the option that we have and to use the other available chain that altcoin we hold supports. It's really helping a lot in saving fees but we really just can't see people leaving Eth because it's currently at the top and it's being sustained by everyone.
I guess everyone will really leave it if we have a better choice and the volume of ethereum decreases. But that's not the case and it's not going there by any chance instead, the price is recovering from the dip that it has got in although for now, it's again dipping.

[Ngemmeng]

I don't know which one is better but I prefer the BSC platform because of the much lower network fees than the Ethereum platform. Talking about the ETH platform I hope that ETH 2.0 will be released soon and the network fees on the ETH platform can be reduced drastically because I have several altcoins on the ERC20 network. I'm pretty sure if ETH 2.0 is released and network fees normalize, it will strengthen ETH's position as the king of altcoins and have great potential to rival Bitcoin.

[goinmerry]

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

Platform? Maybe we can call it a network, much better.

Generally, the creation of BSC is derived from the ETH network. We can fairly say that both networks are fast but the main concern is fees. BSC won't be created I think as a priority if no big fees happened using the ETH network.

For now, it seems that using BSC network is more convenient, much especially if we are concern about the transaction fees.

[MFahad]

I prefer Etherium over Binance smart chain. Etherium projects are generally for long term and solid ideas behind project while 60% of Bsc projects proved scam or just meme project and not good idea behind project. Bsc network is good for inly gaming and NFt propose as it cost very low fee than Eth network.

[ringgo96]

Both platforms are very many users for now, because both are platforms that are easy to make transactions, but for now many are using the Binance Smart Chain platform because of the very cheap gas costs when compared to ethereum, and many investors who have chosen the coin to make investments in the long term because it has the possibility to increase later, And currently we can also use Polygon network which is very low gas cost and safe for us to use.

[Ngemmeng]

Both platforms are very many users for now, because both are platforms that are easy to make transactions, but for now many are using the Binance Smart Chain platform because of the very cheap gas costs when compared to ethereum, and many investors who have chosen the coin to make investments in the long term because it has the possibility to increase later, And currently we can also use Polygon network which is very low gas cost and safe for us to use.

It's true that currently many development teams are switching to the BSC network because the network costs are much lower than the ethereum network. but even so this is not a reason for me to leave the ethereum network completely because the impact of the very high network fees makes the price of altcoins on the ethereum network have a fairly high price and very good for long term investment.

[poodle63]

these smart contract platforms blockchain are quite similar in terms of the projects and dapps that are provided by various platforms in that smart contract platform, BSC and ETH is like a twin I think if it comes to that, regardless BNB
is significantly cheaper and it’s also the reason that makes BNB getting so full of shitcoins and all. Also, this is like a platform that’s created for beginners specifically made that way by the binance themselves.
There has been many cases of scammings and rugpulls happening in that platform because so many newbies buying some shitcoins thinking they could become billionaire next month.

[bhooscream]

In what case is that?
Both have an almost similar system and also pros and cons.
They also have some lack on so easiness of creating such tokens in their blockchain so that many scammers can exactly create a new token.

But, if this is a matter of gas fee, I will exactly prefer to choose BSC from Binance. because this is more affordable and okay for me. We know that high fees are sometimes killing us, transferring small amount of the money but should pay high fees with high minimal withdrawal amount. This is so sad.
ERC20 was a good choice at the past time because the fee was low. But now, it is changing an dthe fee is so high

[Ngewex Yuk]

Before expensive transaction costs I actively trading in Unishwap, now almost a year I have never been transactions with Ethereum, expensive transaction costs make me prefer trading in BSC or Polygon platform, while the transaction and swap costs in BSC are like in pancakes or apeswap.

[gost111]

Before expensive transaction costs I actively trading in Unishwap, now almost a year I have never been transactions with Ethereum, expensive transaction costs make me prefer trading in BSC or Polygon platform, while the transaction and swap costs in BSC are like in pancakes or apeswap.

I agree with you for a very long time I have not been trading on sites on the ETH network, I prefer BSC or Polygon platform and all because of high gas fees 

[Pejoh Asu]

BSC's position is getting stronger and soon shifts ERC, this is because BSC continues to grow and becomes a serious threat to ERC, low cost and speed are things that can't be compared with ERC so that makes me optimistic that BSC will soon replace ERC.

[mindrust]

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

Either of that would get the job done so I'd say whichever is cheaper at the moment. I heard ETH's gas fees are becoming a pain in the ass lately. That makes BSC more favorable over ETH alone. BSC is backed by Binance itself in the end that makes BSC as good as ETH if not better. So, I think BSC is better to go with.

[fzkto]

I thought Binance made their coin as a copy of Ethereum. I don't understand the major differences between the two blockchains, other than the cost of fees. I think BSC is less secure because its protocols have been hacked very often, but I can't call Ethereum secure either. All in all, depending on the project you are interested in, you need to choose a blockchain.

[xmonkeyx]

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

both platforms are actually good, ERC was born first than BSC if you calculate the gas cost then eth is more expensive than BSC.  however BSC was born from the ERC network in the first place.
to determine which one is better I can not choose one of them.
but because of the lower cost of gas I think nowadays many are using BSC and so am I.

[DU18]

If you have to choose clearly Binance smart chain is the right choice so far, the price of bitcoin goes up, ethereum gas is very high, even today there is no sign of improvement as long as ethereum gas is high, I make transactions, switch to binance smart chain with lower fees, suitable for transactions, some platforms have also used the BNB chain in transactions or bounty payments.

What coherence between gas up on eth than BNB? I think if you buy ETH on exchange market is not any worry about fees but just happening with coin have network with ETH, now we are investing with ETH not with coin have network ETH, you need understand about the OP asking which one is better between ETH or BNB. I think looks not understanding when investing choose between BNB or ETH why have to talk with gas fees up from ETH network?

[n0tailbg]

In this review of top 7 altcoins with the most potenntion, there is not even a mention of Binance, and Ethereum is in 1st place. I think this is an indicator that Ethereum is better.

[D ltr]

Currently I prefer BSC because shipping costs are more pocket friendly than ETH which is getting crazy about the fees they apply, I don't know how long ETH FEE will return to normal

[AnonBitCoiner]

Only Binance. I honestly don't know why anyone uses ETH anymore.  Today it is almost completely useless.
As a developer I tried to build an app where I could pay my kids allowance in a ETH based token.  Well to send my daughter her $10 weekly allowance will cost me about $35 in gas each time.   WTF?!
I ended up porting my app over to SOL and now it costs me a fraction of a penny to send that same $10.

[QueenVera]

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 so that BSC is getting more attention from users. Just fee is unfair in ETH so small investors can't afford it otherwise still this one is very popular chain.

Ethereum is still better than Binance smartchain even though it is currently having some network fees issues that will be resolved when the ETH2 is released. Ethereum is more popular and has more developer working with the blockchain than any other blockchain out there. Ethereum has established itself with genuine growth instead of hyoe when the blockchain has nothing that show.
For many of the so-called better version of Ethereum to surface, they needed the support of Ethereum through crowdfunding or getting listed on Ethereum decentralized exchanges to get some trading volume. Ethereum will always be the better blockchain, they just need to fix their fees problem.