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Author Topic: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats  (Read 465 times)

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Obviously, people will look at what’s popular on Ethereum and try to copy it onto BSC, CZ says. Developers building atop BSC (not necessarily associated with Binance), aware of Ethereum’s first-mover status, also borrowed from Ethereum-based projects such as Euler Beats, Hashmasks, and CryptoPunks to create BSC versions called Musical Beats, Bashmasks, and Binance Punks—with very little effort made to otherwise hide their origins.source

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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #1 on: July 06, 2021, 05:06:36 AM »
The business is very cruel because this business competition is really very extreme to do and of course also, like the BSC which duplicates the system developed by Ethereum and this in my opinion is not a duplicate because there is no similarity in the ERC20 network.
It's just that the way the Binance Smart Chain works is exactly the same as Ethereum and different networks, we can tell the difference between Duplicate and the difference in how it works.
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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #1 on: July 06, 2021, 05:06:36 AM »
:)

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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #2 on: July 06, 2021, 07:05:43 AM »
Decentralized cryptocurrency, thanks to open source code, to copy the blockchain of the best cryptocurrencies and at the same time add something new to further improve it. This is the main path that cryptocurrency is developing rapidly. Decentralization and the still ongoing relative chaos in this market allows a lot of copying from the functionality of previous cryptocurrencies, and this is not entirely good. At the same time, this state of affairs quickly removes the monopoly and forces the cryptocurrency to constantly improve. Therefore, we now see a generally rapid growth in cryptocurrency.
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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #3 on: July 07, 2021, 05:51:00 AM »
There are a lot of copy paste projects and platforms nowadays, we can see some new blockchains with almost the same idea, the longer we will see more and more competition from some new platforms which give a lot of ideas and of course with lower costs.
But all the choice lies with the users, traders and investors, all the existing projects they will choose and I think the new project will bring good competition for the advancement of cryptocurrency.
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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #4 on: July 07, 2021, 06:24:27 PM »
Facing growing pressure from regulators around the world, Binance CEO Changpeng “CZ” Zhao has penned an open letter arguing that “clear regulations are critical” for the continued growth of the crypto industry. He has also committed Binance to localizing operations to “comply with local regulations.

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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #5 on: July 17, 2021, 03:38:20 PM »
Coley did not acknowledge recent birthday greetings from friends. Perhaps strangest of all, Coley's LinkedIn and Twitter accounts still describe her as "CEO of Binance US. All of this has led the more conspiracy-minded corners of crypto to ask whether she is still alive.
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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #6 on: September 04, 2021, 06:23:23 PM »
Todo lo que es mejorado siempre es mejor (BSC) es algo que isieron es mejorar BEP20 es un protocolo de token de Binance Smart Chain que fue diseñado con el objetivo de mejorar ERC20, uno de los protocolos de token de Ethereum más utilizado siempre Todo es comercio y a gran escala. Esto es como un comercio en tu barrio donde vives hace año que esta un comercio pero viene otro y pone el mismo comercio pero mejorado.

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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #7 on: October 12, 2021, 08:19:44 AM »
Everything has been done and of course there are duplicates in real or digital businesses because this is a factor in something that exists in the real world which is full of drama.
If we look at MotoGP, there are lots of factory motorbikes that are raced and become a whip for those who have their own brands and of course all motorbikes also want to race, even though the engines are different.
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aiviaa485

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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #8 on: October 14, 2021, 04:04:48 AM »
It could be because the dominance of Ethereum is really cool and much in the interest of many people so that it creates something good to be duplicated but the duplication is certainly not entirely by duplicating.
I'm also sure that this Binance Smart Chain has something different and of course it was carefully planned by Changpeng Zhao when he first created the Binance coin.

damsix

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Re: Binance CEO CZ Defends Binance Smart Chain's Ethereum Copycats
« Reply #9 on: October 15, 2021, 02:19:44 AM »
Not only Binance Smart Chain but Fantom , Matic , Hoo , OkeX chain also almost all of them can almost be sure to imitate the system developed by Ethereum and the parent of all these technologies is Ethereum.
We only change the RPC and then we can see which blockchain we will choose to be able to see the coins in use, whether it's using Fantom, Matic, Hoo or OkeX Chain.

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Decentralized finance, or DeFi, refers to financial products that replace banks and brokers with code on a blockchain, usually Ethereum. Since BSC went live in September, it has siphoned off Ethereum DeFi traders with the promise of lower fees and faster trading. That's a very natural thing for people to do," CZ said. "This is the same thing as, if some startup project is popular in the U.S., and they're blocked in China, guess what? The Chinese will try to do a copycat within China. China's a huge market, it's like one fifth of the world's population.

 

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