Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Dark Knight on September 18, 2022, 07:51:43 AM
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The fact that Binance and Binance US exchanges recognize BNB as their official cryptocurrency sets it unique. It is also the default token for Binance Smart Chain.
It has played a crucial part in the development of the BNB Smart Chain.
On Binance Smart Chain, developers can create non-fungible tokens, make blockchain games, and produce decentralized apps, among other things and all of these uses BNB as a token to pay for the gas fee.
https://cryptobullsclub.com/bnb-price-prediction/
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In my opinion, the superiority of this binance smart chain is that we can create tokens using the binance smart chain network and can create projects that use the binance smart chain network, this is like the etherum network but in this smart chain binance the gas costs are cheaper than the etherum network.
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BNB has a very good value and is very complex to be adopted by all which makes this BNB worth investing in by everyone in the cryptocurrency space.
I am also sure that BNB has the number 1 exchange in the cryptocurrency market so that it will make everything easy to trade on various exchanges because it is supported by the number 1 exchange.
Until this moment, the advantages possessed by the Binance token can be used for the Ethereum Virtual Machine version which is very easy and simple to use in various wallets with the same wallet address.
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BNB on the binance smart chain made a lot of changes because as we know the ETH network fee has increased since 2020, this is what makes BNB the choice of many developers, but with low transaction fees, some developers who want to commit fraud can easily create tokens and do rugpull because creating new tokens in BSC does not require expensive fees
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We have GT, HT, KCS, MX which are all exchange tokens but they do not have the same interest and growth in the market as BNB. BNB is the token of the world's largest exchange, has a large ecosystem and has a CZ.
For now, maybe only FTX's FTT can compete with BNB.
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It is unlikely that other tokens can compete with BNB due to the strong ecosystem of this project, which has become very popular. Despite the fact that most projects are switching to their platform already means a lot.
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In my opinion, the superiority of this binance smart chain is that we can create tokens using the binance smart chain network and can create projects that use the binance smart chain network, this is like the etherum network but in this smart chain binance the gas costs are cheaper than the etherum network.
I agree, its like a low cost ETH, quite useful for projects that want to test something out.