Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Binance Coin (BNB) => Topic started by: sony khan on August 31, 2021, 05:19:03 PM
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Because of the hike in Ethereum's gas charge, all eyes are on the BNB. When considering the beginning, it's easy to see how the BNB's gas-free status is improving day by day. Despite the fact that I am unsure of the specific cause, I am intrigued.
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Because of the hike in Ethereum's gas charge, all eyes are on the BNB. When considering the beginning, it's easy to see how the BNB's gas-free status is improving day by day. Despite the fact that I am unsure of the specific cause, I am intrigued.
It's true that BSC hype was started when gas price on ethereum blockchain surged a lot. But few users including me, already knew that gas price in coin will be same, but it'll increase day by day because of the hike in BNB's price. It's not only for binance because other chains like polygon will face this in future even though they're using L2 solutions.
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Yes I agree with you. As you see, there is a huge impact on the popularity of BNB. Everyone has started liking BNB. But if we look at the fee other exchanges , then accordingly the BNB is fine till now.
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The reason is because of the increasing demand with unchanged supply, the costs used by developers to pay transaction fees (gas fees) for all activities that occur on this technology will also definitely increase.
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When the demand is increasing the gas fee will go high just like ethereum.. I think we need more network so that we can pay cheap fees to transfer our funds..
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Yes this is normal in all networks but it is too low than Ethereum currently Ethereum gas fee is too high than others , however we can use others chains their gas fee is too low almost zero they are Tron, solona, matic, and ftm I'm using these coins .
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Because of the hike in Ethereum's gas charge, all eyes are on the BNB. When considering the beginning, it's easy to see how the BNB's gas-free status is improving day by day. Despite the fact that I am unsure of the specific cause, I am intrigued.
BNB gas is always more lower than ERC20.
So, I think BNB gas is not problem for us.
I personally prefer use binance smart chain for my transaction than ERC20
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Because of the hike in Ethereum's gas charge, all eyes are on the BNB. When considering the beginning, it's easy to see how the BNB's gas-free status is improving day by day. Despite the fact that I am unsure of the specific cause, I am intrigued.
That's normal if the gas fee increasing at the time when the traffic is high.
But I think BSC gas fee is so low, If you compare to ERC20.
I still prefer use BEP20.
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Because of the hike in Ethereum's gas charge, all eyes are on the BNB. When considering the beginning, it's easy to see how the BNB's gas-free status is improving day by day. Despite the fact that I am unsure of the specific cause, I am intrigued.
I think BNB gas fee is always lower than ERC20.
Binance has binance smart chain or BEP20 platform.
It's good platform and lower gas fee
we can use this platform to our transaction
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Because of the hike in Ethereum's gas charge, all eyes are on the BNB. When considering the beginning, it's easy to see how the BNB's gas-free status is improving day by day. Despite the fact that I am unsure of the specific cause, I am intrigued.
I think If the BNB price goes up, we will see the BNB gas fee will go up.
That's normal, because gas free always depending on traffic and the price of coin.
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The BNB chain ecosystem is becoming more vibrant, the number of transactions is increasing, and gas fees are also increasing. However, gas fees on the BNB chain are still much cheaper than Ethereum. If Merge fails to save Ethereum, users will come and stay with the BNB chain.
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The BNB chain ecosystem is becoming more vibrant, the number of transactions is increasing, and gas fees are also increasing. However, gas fees on the BNB chain are still much cheaper than Ethereum. If Merge fails to save Ethereum, users will come and stay with the BNB chain.
Yeah, when the traffic increase , I think gas fee will increase.
Gas fee is always depending on traffic and also the price of coins.
BSC is so popular now, many projects used it.
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The BNB chain ecosystem is becoming more vibrant, the number of transactions is increasing, and gas fees are also increasing. However, gas fees on the BNB chain are still much cheaper than Ethereum. If Merge fails to save Ethereum, users will come and stay with the BNB chain.
Yeah, when the traffic increase , I think gas fee will increase.
Gas fee is always depending on traffic and also the price of coins.
BSC is so popular now, many projects used it.
There will always be a natural mechanism, if traffic is heavy it will have an impact on gas costs which will adjust and it cannot be avoided and is a natural thing, especially if the BNB price has increased, it is certain that the gas costs will also be affected.
but that doesn't affect it at all until now, because network use is still being carried out and it can be seen from the many projects that still trust it, because the price is still the best compared to the others.
There will not be much change in the future that many projects will continue to grow and gas costs will not be the main thing, because the bigger the projects running on the network, the gas costs will also be reduced and we will always be able to provide the best price.
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The BNB chain ecosystem is becoming more vibrant, the number of transactions is increasing, and gas fees are also increasing. However, gas fees on the BNB chain are still much cheaper than Ethereum. If Merge fails to save Ethereum, users will come and stay with the BNB chain.
Yeah, when the traffic increase , I think gas fee will increase.
Gas fee is always depending on traffic and also the price of coins.
BSC is so popular now, many projects used it.
that's true, I think gas fee is depending on traffic.
When the market is green, the traffic increase.
We will see gas fee also increase.
Is this a fact or a coincidence, because I have never read a detailed discussion of research on this matter, some are just assumptions and estimates.