red Which network is better, BSC or ETH? *

[Obliv0n 333]

Lately I read many articles that dismiss the ETH network due to the high commission (Gas) that operations require to be processed, arguing that this will make ETH fall and that its place will be taken by the BNB and the BSC network whose rates they are extremely low and satisfy the same needs that are handled with ETH.

 

For example, I have not seen DeFi tokens in the BSC network, therefore they do not comply with the same, what do you think?

 

The truth is that I only use the BSC network for commissions, however I am aware that each network has its advantages.

 

Do you think one is better than the other?

If so, which one would be the best?

 

Edited March 13, 2021 by Obliv0n

[MrSpasybo 1049]

Some properties of Ethereum:
- Advantages: Strong community, reputable development team, large capitalization, the first blockchain using smart gossip, high decentralization;
- Disadvantages: slow speed, 15tps, very high transaction cost;

 

Some properties of BSC:
- Advantages: high speed, cheap cost, large ecosystem;
- Disadvantages: low decentralization, new blockchain;

 

In my opinion, BSC and Ethereum are both good blockchains, but I am more confident in the future of Ethereum. Layer-2 applied & ETH2.0 will solve network speed & cost issues.

[Phu Juck 18]

Ethereum will become a lot of new features for lowering fees very soon. Waiting for updates from Ethereum devs can solve current Ethereum issues by a lot. People just need to be patience. 

For Binance, I like it as an exchange but would not use it from a network perspective for Defi applications because Binance isn't Defi, it can't because it's a centralised chain. 

[selfmade 7]

Ethereum services and advancements replaced bitcoin technically but now in use, I think that updates of those coins would be the same replaced ethereum technically but not in use.

[Whited35 15285]

On 3/11/2021 at 8:43 PM, Obliv0n said:

For example, I have not seen DeFi tokens in the BNB network, therefore they do not comply with the same, what do you think?

BNB Network? Correct your mistakes that repeated more than 3 times in your OP. BNB is cryptocurrency generated by Binance to follow Binance Chain, it is not a network. The BSC is the blockchain that allows to process transactions very quickly at the lower transaction costs. Currently, BSC based DeFi platforms are grabbing the attentions of the investors but Ethereum will be again at the top position once the complete upgrade of ETH 2.0 come into the existence.

On 3/11/2021 at 8:43 PM, Obliv0n said:

For example, I have not seen DeFi tokens in the BNB network, therefore they do not comply with the same, what do you think?

Huh? Check this link https://coinmarketcap.com/bsc/

[Obliv0n 333]

6 hours ago, Whited35 said:

BNB Network? Correct your mistakes that repeated more than 3 times in your OP. BNB is cryptocurrency generated by Binance to follow Binance Chain, it is not a network. The BSC is the blockchain that allows to process transactions very quickly at the lower transaction costs. Currently, BSC based DeFi platforms are grabbing the attentions of the investors but Ethereum will be again at the top position once the complete upgrade of ETH 2.0 come into the existence.

 

I do not understand why I put BNB instead of BSC, that happens to me for not correcting before publishing, thank you very much for noticing it, I will proceed to correct it.

[Ridam 7455]

On 3/11/2021 at 8:43 PM, Obliv0n said:

The truth is that I only use the BSC network for commissions

What doesn't it mean? Could you elaborate more about the commissions?

And talking about the difference between Eth and BSC. There are different in nodes number and defenietly compromise over the decentralisation in the BSC Chain. Also I am using Bep20 Chain for most of my exchange and  also providing liquidity in many pools and I see more profit as the Roi is simply higher and gas fee are pretty lower because of which I can play with my money which seems impossible in the Ethereum Blockchain right now.

But as the Eip-1559 is already confirmed, Eth will be more usable to people like us who can't afford high gas fee after the successfull implementation over it.

[Phu Juck 18]

On 3/14/2021 at 1:07 PM, Ridam said:

But as the Eip-1559 is already confirmed, Eth will be more usable to people like us who can't afford high gas fee after the successfull implementation over it.

I hope it will be true because it would be big for Ethereum. Is any time announced when it will be implemented? 

[Mella 3680]

I recently have been watching an increase in projects of all kinds preferring to use the Binance Smart Chan (BSC) instead of other blockchains. BSC offers an environment to create smart contracts with limited fees and this attracts many developers. The problem is why they didn't select Tron all this time. The answer is Binance. We are in extreme greed right now and developers are trying to quickly create a project in the new BSC blockchain that will allow them to advertise it as a Binance partnership and attract more investors. All these new startups have the promise of one day listing on the Binance exchange. The Binance DEX is available but used very lower than the Binance spot and futures exchange.

[chris smith 950]

The ethereum has investers more than the Bsc and it is more famously and for me it will be the first choice to invest my money.

[Phu Juck 18]

Ethereum is better because it is really decentralized. Real decentralisation is important if someone wants to take a blockchain over to take it down. Currently, crypto is very friendly, but when it becomes more competitive, Binance can be shut down by buying nodes.