Which is better: Ethereum or the Binance Smart Chain?

[Myntist.official]

Both Eth and BNB are moving to their own path. In terms of security and trust Ethereum chain is top notch chain, but on the other hand it has high gas fees, and huge no of transections make this chain challenge for new comers to crypto. On the  other hand BNB chain start growing slowly now taken up huge investors mostly new and low invest capital comers. BNB chain provide low fees transections and instant transfer which make this more attractive for new crypto investors. But security and trust issue are their for this chain as the chain is backed by Chinese influencers and team. Eth gonna update it chain to 2.0 in 2 years which make it again the big giant of the crypto market. BNB chain also take steps with new IDOs, ICOs and project integration into the blockchain to gain trust. So let's see where these stands in 2024. 

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[Rigon]

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

If you are considering the direction of the platform then I must say that Binance Smart Chain platform is good. People are now reluctant to trade because of the high fees on the Ethereum platform.With the transaction fees being much lower on the Binance Smart Chain platform, people now prefer this platform the most.This is why the Binance Smart Chain platform is more popular than the Ethereum platform.

[Mamun74]

Price or Platform? I think Binance platform now very useful and more better tha Ethereum. Many people’s using Binance smart chain blockchain. Ethereum transaction gas very high buy Binance smart chin transaction gas fee very low,like 0.04$-.30$ on others hand Ethereum $30+. People now usually using Binance smart chain. Even BNB is most promising coin in altcoin after Ethereum.But Ethereum is long term survive coin.I think they should work in gas fee and they need to more development in their system.

[Mehedi72]

Large number of people supporting bsc because of its cheap for transactions, even people who have ability to pay ether gas fee, also want to avoid ether blockchain due to high fees and i think its fair.

I don't know how long ETH FEE will return to normal

 still a lost of altcoins aren’t available on bsc but only on Ether blockchain and people get frustrated cause they are forced tto pay high fee if they want to trade or hold or transfers those altcoins. It's been long and i don't think ether fee will return to normal soon as we want. Base on this, bsc is best one

[LUCKMCFLY]

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

If you are considering the direction of the platform then I must say that Binance Smart Chain platform is good. People are now reluctant to trade because of the high fees on the Ethereum platform.With the transaction fees being much lower on the Binance Smart Chain platform, people now prefer this platform the most.This is why the Binance Smart Chain platform is more popular than the Ethereum platform.

For some reason many good projects are coming out on the ETH network, I still don't understand why, but I know that in our forum section you can find very good projects, however the Smart Chain network was used a lot for NFT games which is a bit scratched and I think that affected a lot so that more projects continue to be developed there, but anyone who is asked and who has time in crypto will tell you that Binance Smart Chain is better for its low fees, but the older ones or those who come from the old school prefer the pro projects to the ETh network even though it is very expensive.

[manok jepang]

I think ethereum and binance both have very good potential, and they have their own advantages and disadvantages, where both platforms have large communities and both have the same number of users, but at the moment I think ethereum is superior in terms of volume and price.

[andyou1234]

Price or Platform? I think Binance platform now very useful and more better tha Ethereum. Many people’s using Binance smart chain blockchain. Ethereum transaction gas very high buy Binance smart chin transaction gas fee very low,like 0.04$-.30$ on others hand Ethereum $30+. People now usually using Binance smart chain. Even BNB is most promising coin in altcoin after Ethereum.But Ethereum is long term survive coin.I think they should work in gas fee and they need to more development in their system.

Yes, you are right, currently Binance is an alternative choice besides Ethereum because in addition to its very affordable price, Binance also has very low transaction fees when compared to Ethereum, but somehow ethereum is currently the target of big investors because the price of Ethereum is very promising. and has survived for a long time in crypto, hopefully the developers can solve this problem so that all people can feel the benefits of investing in eth.

[udidrone]

The presence of the binance smart chain solves problems in transactions. There are advantages and disadvantages to both of these networks. Some people have come across problems in terms of shipping fees for transactions, and the binance smart chain has become the solution to that problem. So far, binance's smart chain network is widely used in transactions, but I think ethereum is still superior in this regard. There have been some comparisons and it's not just about fees transactions, but I still feel that ethereum is number one right now.

[BobK71]

Ether is the first as the origin between Binance Smart Chain and Etherium. Ether is a well-known blockchain platform which was very popular with everyone but the amount of ether gas fee is really beyond the tolerance. As a result, investors are now familiar with a new blockchain platform called Binance Smart Chain. There are no such people in the crypt world who have never heard of Binance. According to the transaction fee and other facilities Binance is really appreciable. Since Ether is a well known platform it has lot of smart contacts. If they can develop well and attract users to their platform then Ether will be one step ahead from Binance Smart Chain.

[Samurai trieng]

I think the ethereum and binance smart chains have their advantages and disadvantages, but they all have the same goal, therefore they are good for both long and short term investments, if I had to choose I would choose both, but if the money is  I have limited I will choose BSC because the price is much lower than ETH,

[dlightag]

Ethereum Network is a serious project that has a high fees that both developer and investors has been committed and more serious than Binance Smart Chain, that is fees is cheap, I prefer Ethereum network to under centralized exchange, buy and hold. But buying on dex, ethereum gas fees is very high, Binance smart chain has advantage over Ethereum on Dex Exchange platform, because is very cheap than Ethereum. Therefore, buying on Cex, Ethereum is good, but buying on a Dex platform, i prefer Binance smart chain is less gas fees. 

[Rikimaruu]

Ethereum is better but BSC seem to be the right choice for developers because of gas fee, the only thing that BSC do better is almost free gas transaction fee, if Ethereum Merge happens by August of this year many developers will go back to Ethereum for future builds.

[bestcoins1]

Ethereum is better but BSC seem to be the right choice for developers because of gas fee, the only thing that BSC do better is almost free gas transaction fee, if Ethereum Merge happens by August of this year many developers will go back to Ethereum for future builds.

Now in general there is a very large network of good coins with varying transaction fees, so the cheapness of transaction fees is a particular consideration for everyone, but that I think is more of a necessity because Ethereum is still very good though the gas cost is higher than other networks such as BSC.
So it's not always a bad rating that deserves to be seen from the issue of gas costs alone on a network.

[FrenchinHK]

The BSC is way faster and cheaper

[Exio.tech]

there is this thing called blockchain trilemma. 3 core part that every blockchain aim to have that is decentralization, scalability, and security.

Ethereum has decentralization and security but not scalability which is why the gas fee is so high.
Binance smart chain has scalability and security but is not decentralized.

so there is no such thing as a better blockchain, that would depend on what the user is looking for.

[Sayeds56]

The BSC is way faster and cheaper

It is true that BSC is much faster and cheaper compared to Ethereum network but it is replica of Ethereum network and most of scam projects are created on BSC  network because it costs less. Though BNB has survived in bearish market but it is far behind when we we compare use case & versatility of both coins. Ethereum network fee will come down substantially when it gets merged with Ethereum 2.0.

[RussianEnglishTranslation]

there is this thing called blockchain trilemma. 3 core part that every blockchain aim to have that is decentralization, scalability, and security.

Ethereum has decentralization and security but not scalability which is why the gas fee is so high.
Binance smart chain has scalability and security but is not decentralized.

so there is no such thing as a better blockchain, that would depend on what the user is looking for.

There are some solutions however. You could employ sharding like NEAR protocol or increase node requirements like Candle Chain.

[fuguebtc]

The BSC is way faster and cheaper

BSCs are faster, cheaper, and they are more centralized than ETH. If you are someone who likes fast and cheap, then BSC is the perfect choice. But if you are a person who likes safety and values privacy, then ETH is a much more perfect choice.

If you want to be profitable, you should invest in both because both are topcoins that are considered safe, the price potential of both is still likely to increase many times in the future so  you hold both, you will get huge profits.

[JahriMeayer]

ETH is much better. If the eth gas fee is solved today, usage will Triple like we use to have.

Ethereum fee high cause they giving us more and more options, facilities BSC fee will also Increase if they want to be fulfill themself  everything what Ethereum already have. So in this case, Ethereum is definitely better IMHO but situation is complex now Because of bearish market

binance smart chain is also growing day by day and I believe that in no time, its marketcap will be the same as eth or maybe more than that

Or maybe not. Binance is growing but besides Ethereum is trying to solve fee issue & hope they'll be successful like how Binance chain does. Even more blockchain are already on market, can be hard competitors with bsc, so i don't think its easy for bsc to archive top.

[udidrone]

binance smart chain is also growing day by day and I believe that in no time, its marketcap will be the same as eth or maybe more than that

Or maybe not. Binance is growing but besides Ethereum is trying to solve fee issue & hope they'll be successful like how Binance chain does. Even more blockchain are already on market, can be hard competitors with bsc, so i don't think its easy for bsc to archive top.

I also see that Solana has also been one of BSC's competitor so far. So far ethereum, bsc, solana, have been competing in the market to solve problems in transactions, but in fact, bsc is developing very fast, in just a few years since the introduction of the binance smart chain, it has started to replace the ethereum network that was previously used in almost every transaction in cryptocurrencies. And now ethereum is trying to solve the cost problem, that means bsc has succeeded in making ethereum competitor.