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Author Topic: Sudden Migrant of New projects into BSC  (Read 1096 times)

tonymillions84

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Sudden Migrant of New projects into BSC
« on: June 26, 2021, 01:15:04 AM »
Did you guys noticed how current projects are developing in the BSC chain. will Binance chain withstand the huge migration? what that is been designed in Bsc WILL still be credited to ethereum as the founding place for smart contract. there may be a huge movement back to ethereum after the upcoming fork next month. hopefully, that might triggered the bull run on etherum.


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Sudden Migrant of New projects into BSC
« on: June 26, 2021, 01:15:04 AM »


Bobcrypto

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Re: Sudden Migrant of New projects into BSC
« Reply #1 on: June 26, 2021, 07:13:58 PM »
I think it is not a good idea if all new start up projects are concentrated in one network causing a big network traffic and transactions delays every time. I like the coming of the Binance smart chain, and how it has become a good competitor to the ethereum platform dominance on smart contract and Dapp. No matter the popularity of the ethereum smart chain, we have got a very big alternative to smart contract platform and Dapp. I just hope the Binance smart chain will keep expanding to accommodate the high inflow of new start up projects.

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Re: Sudden Migrant of New projects into BSC
« Reply #1 on: June 26, 2021, 07:13:58 PM »
:)

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Re: Sudden Migrant of New projects into BSC
« Reply #2 on: June 27, 2021, 01:50:03 AM »
Many projects moved to the BSC network because the fees there are lower, but now the transaction fees on the ethereum network have dropped and are starting to normalize, I think before the ethereum fork we have seen a significant change in ETH gas fees.
the ethereum fork could trigger a bullrun for altcoins but we need to look at some important important factors like Bitcoin price and other information from several countries about the rights
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Re: Sudden Migrant of New projects into BSC
« Reply #3 on: July 03, 2021, 05:54:36 PM »
TBH, more BSC based projects are migrating into polygon because of the hype as well as lower transection fees than BSC. But it's true that ethereum is going to have hardfork to implement the EIP1559 which would solve the huge gas fee and many projects are getting more TVL in their projects because of that. But BSC won't loss it's popularity at all because of CZ's marketing strategy. But lets see which chain would have the most TVL in the long run.  ;)
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Re: Sudden Migrant of New projects into BSC
« Reply #4 on: July 05, 2021, 12:23:30 PM »
There have been a lot of coin migrations from ERC20 to BEP20 and I like this because it's really great for Binance Smart Chain to adopt all the coins that are already circulating on the ERC20 network.
ERC20 has a very high level of GAS fees and this is really not liked by investors, so all ERC20 lovers turn to BEP20 from Binance Smart Chain.

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Re: Sudden Migrant of New projects into BSC
« Reply #5 on: July 12, 2021, 09:39:16 PM »
the reason for this migration of many projects from eth to the bnb / bsc blockchain is only one and that is that on bnb the transaction fees are still low, reasonable when the eth fees return to normal, most of the projects will return there

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Re: Sudden Migrant of New projects into BSC
« Reply #6 on: July 17, 2021, 03:50:38 PM »
the Wall Street Journal reported that Binance had hired Brian Brooks, a former top lawyer at Coinbase and acting head of the Office of the Comptroller of the Currency (OCC), to be its new.

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Re: Sudden Migrant of New projects into BSC
« Reply #7 on: July 20, 2021, 09:10:21 AM »
Almost all new projects now use the BSC platform, which is essentially a copy of the ethereum platform, with an improved transaction fee system. After the London hard fork on August 4th, this problem should be fixed and the ethereum network should look even more preferable in the future. Moreover, certain difficulties with regulators are now beginning on the Binance exchange.
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Re: Sudden Migrant of New projects into BSC
« Reply #8 on: July 23, 2021, 10:13:34 PM »
BNB fee is less so many projects are migrating from ethereum to Binance Smart Chain network and many projects are using both networks. BSC's network transaction fee is less and transaction speed is fast While Ethereum's network's fee is greater and speed is slow with respect to BSC.

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Re: Sudden Migrant of New projects into BSC
« Reply #9 on: August 03, 2021, 11:49:29 PM »
That's right. many new projects are migrating or using Binance Smart CHain recently. It is because they will prefer the token that offers lower fees of transferring. It is also considered that BSC is more secure and we can create very easily on this platform.

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Re: Sudden Migrant of New projects into BSC
« Reply #10 on: August 06, 2021, 06:10:46 AM »
I think it is not a good idea if all new start up projects are concentrated in one network causing a big network traffic and transactions delays every time. I like the coming of the Binance smart chain, and how it has become a good competitor to the ethereum platform dominance on smart contract and Dapp. No matter the popularity of the ethereum smart chain, we have got a very big alternative to smart contract platform and Dapp. I just hope the Binance smart chain will keep expanding to accommodate the high inflow of new start up projects.

The new updates in Ethereum can be helping a lot lower the transaction fees which has been the very main reason why many projects migrated to Binance Smart Chain. Now, I think BSC is also doing fine but it can be reaching its peak limit so it must do something about it. the way I am seeing it is that many projects can be available in both networks as certainly both got huge following and users so they are going to be taking advantage of both Ethereum and BSC.

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Re: Sudden Migrant of New projects into BSC
« Reply #11 on: August 17, 2021, 11:27:57 PM »
Actually this thing may be influenced by the high fees that are sometimes offered by the Ethereum platform. We know that the gas fee to transfer ERC20 tokens when the Ethereum is rising so highly is very high, it is more than hundreds of gwei.
That is why I am sure that many projects are thinking about this again someday. And they will prefer to turn to BSC that is more affordable.
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Re: Sudden Migrant of New projects into BSC
« Reply #12 on: October 25, 2021, 07:41:51 AM »
Projects developed on the Binance Smart Chain chain are really fast-paced and even many people are now switching from the Ethereum chain project to the Binance Smart Chain.
We don't need to worry about this because this is purely a cryptocurrency cycle that can give something called a surprise and of course I also believe that Binance Smart Chain in the future will be loved by the cryptocurrency community.

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Re: Sudden Migrant of New projects into BSC
« Reply #13 on: October 25, 2021, 11:01:01 AM »
I think the biggest reason is cheaper fees in the Binance Smart Chain network and quick transactions compared to the Ethereum network. Many traders and investors need ease in the project tokens that they invest their money in, so they like how it's cheap and quick in BSC tokens than ERC20 tokens and that is why many projects have migrated to BSC so they can attract many more investors.
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Re: Sudden Migrant of New projects into BSC
« Reply #14 on: October 29, 2021, 06:06:20 AM »
There are so many factors that everyone trades to Binance Smart Chain which allows their assets to also all move to Binance Smart Chain, this is just my guess because I see the growth of Binance Smart Chain so very fast.
Binance Smart Chain has been tested with a CEO who is very active in promoting Binance coin and then the CEO also has a marketcap site that is often visited by everyone, and there are still many features of Binance Smart Chain.

 

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