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Author Topic: From Ethereum to Binance Smart Chain  (Read 7720 times)

Offline Review Master

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Re: From Ethereum to Binance Smart Chain
« Reply #30 on: October 08, 2021, 08:19:50 PM »
Which investor is willing to spend hundreds of USD for the delivery of a token ?

Indeed, current spikes on ethereum gas price is really annoying and many small investors can't even trade their favorite tokens into different dex/amm. So small investors or regular users won't be able to pay that much fee, but big investors or whales are using instead of those high gas price as they're making more than those gas fee, that's why they don't have any kind of problem. For these reasons, more P2E based projects are launching into BSC or other chains where gas price is low comparing to ethereum.
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Re: From Ethereum to Binance Smart Chain
« Reply #30 on: October 08, 2021, 08:19:50 PM »

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Re: From Ethereum to Binance Smart Chain
« Reply #31 on: October 09, 2021, 11:30:43 AM »
My own view concerning the Ethereum and Binance network is that if Ethereum does not do something about their network to reduce the outrageous fees, Binance will take over from them. The gas fees are becoming too much for crypto enthusiasts to bear. The unnecessary charges are on call for in the crypto space and the purpose is being forfeited. They have to think fast and do a thing about it because smart chain networks are springing up.
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Re: From Ethereum to Binance Smart Chain
« Reply #32 on: October 10, 2021, 01:33:46 AM »
We used to think that EIP-1559 would help Ethereum compete with BSC, but now Ethereum's transaction fees are very high and BSC's ecosystem attracts money in the market… Sorry but must accept that BSC is performing better than Ethereum

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Re: From Ethereum to Binance Smart Chain
« Reply #33 on: October 14, 2021, 07:40:51 AM »
One of the two platforms mentioned here is the Etherium platform and the Binance Smart Chain platform.  These two platforms are similar to each other but there are many differences.  The amount of gas fee of that Ethereum platform was much higher but the Binans Smart Chain platform is costing much less.  So now Investor or Hunter Ra Binance is using Smart Chain platform the most.

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Re: From Ethereum to Binance Smart Chain
« Reply #34 on: October 15, 2021, 04:55:42 PM »
many traders are starting to move to the BSC network because I think it is affected by the transaction fees on the ethereum network which are starting to be very expensive so many people prefer to use the BSC network which has cheap transaction fees and good speed.

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Re: From Ethereum to Binance Smart Chain
« Reply #35 on: October 16, 2021, 05:19:52 PM »
The world's most popular centralized crypto exchange is expanding its reach on DeFi with the Binance Smart Chain, an addition to the existing Binance chain that offers smart contracts and Ethereum compatibility. Binance Chain launched relatively quickly and was optimized for instant trading, however, it lacked the extensive features needed to support a broader set of decentralized applications.

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Re: From Ethereum to Binance Smart Chain
« Reply #36 on: October 16, 2021, 06:06:51 PM »
Thank you for sharing a very informative post. There are many users of the forum who still do not know how to go from Ethereum platform to Binans smart chain platform.  Because lately I see that many taken stamps are being transferred from platforms to Binans merchant platforms due to the extra gas fee of etherium. It is very important that we have an idea about this.
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Re: From Ethereum to Binance Smart Chain
« Reply #36 on: October 16, 2021, 06:06:51 PM »


Offline KKH84

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Re: From Ethereum to Binance Smart Chain
« Reply #37 on: October 16, 2021, 06:24:36 PM »
The main problem on the ethereum network from the past until now is high gas fees if the transaction is solid, I am also one of the people who are starting to lean towards BSC.  But it is undeniable that there is no layer one coin that has an ecosystem as big as ethereum today. Hope BSC will be next.

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Re: From Ethereum to Binance Smart Chain
« Reply #38 on: October 16, 2021, 06:31:28 PM »
The two coins you are talking about are Etherium and Binance Smart.Chain (BNB). As popular as these two coins are, these two different platforms are equally popular.However, the amount of gas is highest on the Ethereum platform but the network is extremely low on the Binans Smart Chain. platform.

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Re: From Ethereum to Binance Smart Chain
« Reply #39 on: October 18, 2021, 02:26:32 PM »
Many #DevelopmentTeam s have moved from Ethereum to Binance Smart Chain because they are constrained by the crazy transaction fees that are felt by Ethereum because it's not just me who tells stories like this but everyone also talks like this for Ethereum.
Binance Smart Chain has a simple and easy to understand facility like Ethereum and even has a very friendly advantage, namely low transaction fees.
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Re: From Ethereum to Binance Smart Chain
« Reply #40 on: October 18, 2021, 03:33:51 PM »
In my own views, Binance Smart Chain has already entered into the market with lots of goodwill and even if Ethereum can get back to its former level of gas per transaction, BSC has already a good market of its own. Soon, we can see these two important platforms playing it out though I can still see Ethereum to be above BSC. And this is good since we are talking here of a healthy competition...ultimately good for people who are using them. The more, the merrier as they say.
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Re: From Ethereum to Binance Smart Chain
« Reply #41 on: October 19, 2021, 04:48:26 AM »
‌‌There is a solid difference between smart tea and etherium. One thing we are currently noticing is that Ethereum but their customers are having to go through a lot of suffering due to the latex equal to their sky.Is Martin, on the other hand, is taking away some of them because of their cheap freebies.One by one, all the users are looking at smart TV, that's why Transaction B is much less here. On the other hand, Etherium was once but transaction love. So nowadays people are leaning more towards smart boy and are trading in it because they have to pay a lot of money for it so people feel comfortable using it.  So I would say to Etherium that if they don't reduce the transaction fee but they will lose popularity, people will gradually start using smart chains.
« Last Edit: October 19, 2021, 04:55:41 AM by Yahoo88 »
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Re: From Ethereum to Binance Smart Chain
« Reply #42 on: October 19, 2021, 05:37:01 AM »
Nowadays the popularity of Binance Smart Chain platform has increased so much that people are now abandoning Ethereum platform and coming to Finance Smart platform. But if you also want to come from Ethereum platform to Binans Smart platform then you don't have to bother much. Because if you are a metamask or trust wallet user then it is very easy You can. Because those wallets have the advantage of multi-chain wallet.
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Re: From Ethereum to Binance Smart Chain
« Reply #43 on: October 20, 2021, 01:46:11 PM »
The two coins mentioned in the cryptocurrency are the best coins and the most widely known coins.  Benefit Binans smart chain than Ethereum platform.  This is because the current cost is highest on the Ethereum platform which is why the cost is lower on the Binance Smart Chain platform.  Due to which Binans smart chain is going to be the most popular at present.
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Re: From Ethereum to Binance Smart Chain
« Reply #44 on: October 21, 2021, 05:44:08 AM »
I really agree with what you said because until now the Binance Smart Chain platform is still relatively cheap because if you look at the movement of ethereum which the price is still cheap, it is most likely that the BSC price will compete with the Ethereum price because I see the BSC network is still cheaper and has speed which is very good.

 

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