Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: MishaSER on April 20, 2021, 12:13:39 PM
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(https://i.ibb.co/2d4tJ9W/Screenshot-2.jpg) (https://ibb.co/5LH8Z0G)
(https://i.ibb.co/g6kQNCQ/Screenshot-3.jpg) (https://ibb.co/x3xwWQw)
Friends, probably everyone who uses cryptocurrencies wants fast and cheap transactions. A couple of months ago, I thought how nice it would be if there was a network in which the exchange token would be a stablecoin.
This will permanently solve the problem of high commissions, for example, in ETH, the gas price can reach $ 100, and in the BSC network, up to $ 1. With the help of the xDai token = 1 $.
How about a fees of 0.006$? https://app.honeyswap.org/ provides this opportunity. I think Honeyswap should replace Uniswap and Pancakeswap.
What do you think about this? Is there a chance that Honeyswap will become very popular in the future?
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Wax is also a great Blockchain there you can start with a free wallet. As it is a POS network you just need to spend very little only for one time. Then you do not need to pay for any transaction everything is almost free i am using it and it is working great for me.
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I think if we are talking about free services, then we can suspect low quality and low security. Although over time, as the popularity of smart chain binance grows, bandwidth will decrease, and transaction prices will also increase, as will the cost of BNB. Despite all this, Ethereum continues to rise in value despite high prices. although recently the price of gas on the Ethereum network has been in the region of $ 10.
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An important factor in the success of the new blockchain is, of course, the cost of the transaction fee. Now many projects are working on reducing it. Ethereum is not shining in the near future. I was interested in this blockchain. Stability is a sign of liquidity. Let's see how the community reacts to this monster.
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In principle, the initial stage shows itself quite well in the exchange, we hope that they will soon improve safety. There are many holes in it.
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Every time I see the "killer" word throws me off now for some reason and it brings me back to 2017. xDAI blockchain, where this Honeyswap was launched, seems decent enough. I just hope supporters should just focus on building rather than competing with other platforms.
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Before I reply to this thread quickly so it would be nice if I first tried to analyze what HoneySwap, xDAI and various related things are with this thread.
I found a little bright spot for HoneySwap and why the OP is also writing this title "Killer" Ethereum and Binance Smart Chain.
But it's better if I'm in the OP position then I'll write the headline "Can HoneySwap compete with Ethereum and the Binance Smart Chain?"
Because in my opinion it is more like that, just look at the information below and this can be a reference for the comparison between HoneySwap, Ethereum and Binance SmartChain.
Main Website = https://app.honeyswap.org/#/swap
Coinmarketcap = https://coinmarketcap.com/exchanges/honeyswap/
Coinmarketcap UNIswap = https://coinmarketcap.com/currencies/uniswap/
Coinmarketcap Pancakeswap = https://coinmarketcap.com/currencies/pancakeswap/
If it is true that the fee for transactions on HoneySwap is around 0.006 $, but all investors understand their money very well because just looking at the information from Coinmarketcap it is not good to be on HoneySwap because UNIswap from Ethereum is ranked 11th Coinmarketcap and PancakeSwap from Binance Smart Chain are ranked 28 Coinmarketcap.
This is my opinion for a comparison between HoneySwap, Ethereum and Binance Smart Chain. If anyone can add more relevant information then please "quote" my thread reply. See You Later.
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The Binance Smart Chain has overtaken the Etherium platform. The cryptocurrency is now all converted to the Binance Smart Chain or BSc platform. Investors are more inclined towards this due to the advantage of BSc platform which is why cryptocurrency is currently occupying a wide space.
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Settling network transaction fee on a swap protocol with a stable currency is not a bad idea since every user of uniswap and other popular DeFi are facing the challenges associated with network transaction fee. I cannot tell how the future could become because i will have to read more about the idea. But one thing i can boost of is that ETH network will be here for a long time and the cost will get a lot better in time.