Did You not Realize that Ethereum Already has a Rival to the Binance Smart Chain

[dodok]

That's true, bro, now that etherum has started to lose its belief, this is a very serious threat to etherum because the BSC wallet is very cheap for the transaction costs, if the etherum team doesn't immediately fix the gas price, it is likely that etherum will be left behind by investors and  this is very detrimental to etherum.

[Condorlaib]

That's true, bro, now that etherum has started to lose its belief, this is a very serious threat to etherum because the BSC wallet is very cheap for the transaction costs, if the etherum team doesn't immediately fix the gas price, it is likely that etherum will be left behind by investors and  this is very detrimental to etherum.

The rise in the cost of transactions on the Ethereum network is not yet a reason to lose confidence in this asset and the erc20 platform. Possibly high commissions minimize the development of bad projects, where the asset value is much lower than the commission on the Ethereum network. In addition, one should take into account the fact that in July of this year, the developers are planning to carry out a hard fork in London, which will reduce the cost of gas.

[flyaccount]

Because both are different investments. Binance is also very popular so it would be unrealistic to pair it with ethereum. although indeed all things will be very possible and could happen.

[Bit]

Yes, now, many rivals of Ethereum really have the chance to beat. because moreover, the Etherum gas fee is damn high. This really makes many projects to spa their tokens into other platforms or networks. Additionally, we can see also that BSC and also polkadot right now are very popular.

[NANCY]

You are right because I had no idea about it but I knew and understood that there is a work worth doing. That Ethereum already has competition in the Benson smart chain. You have created a very valuable and beautiful topic. I hope the members like me can learn a lot from this topic.

[Paglamon]

Users who are involved with the cryptocurrency market will already be able to understand how important the Binance Smart chain is to the cryptocurrency community. Because we are currently using Ethereum a lot of damage. Such as additional fees. So it takes a lot of fee to transact the tokens of ETH platform. So now binance smartchain is very important.

[Dreamer]

You are completely right, and if Ethereum will not work on this we can see the project going down slowly! Many people now are tired of paying high fees in Eth tokens. BSC may have many amazing projects which would be in ETH if the fee was normal.

[Ndry09]

that's the market, I think so because what I feel is that fees from BSC are lower than ethereum, that's why millionaires and investors mostly move from ether to BSC
Initially I really liked using ethereum as a tool for transactions but with its very high fees I switched to BSC and I was able to save better fees

[gotbounty]

Yes, now Ethereum has a serious rival. I think the Ethereum platform must have a new revolution, especially on how to lower the gas fees. If the Ethereum platform can lower the transaction gas fees, Ethereum can be still the most favorite platform in crypto. But if there is no change, there is a chance for BSC to beat Ethereum.

[aiviaa485]

It is time for Ethereum to rethink what happened because Ethereum has a lot of misuse in terms of transaction fees.
Ethereum has probably forgotten about the small community that only has a few cents to send tokens from the erc20 network.
If a small community also complains, it means that even large communities such as Whales will feel burdened because surely their transaction costs are much greater.

[yohananaomi]

Yes, now Ethereum has a serious rival. I think the Ethereum platform must have a new revolution, especially on how to lower the gas fees. If the Ethereum platform can lower the transaction gas fees, Ethereum can be still the most favorite platform in crypto. But if there is no change, there is a chance for BSC to beat Ethereum.

and it seems that there are many who want to try their luck from the high cost of ethereum gas, to be able to replace ethereum's role. although it might be difficult but it is possible that it could happen because dev is tired of the way ethereum works and doesn't want to change it either.

[Tunir Baap]

You must have said the right thing. I agree with you. Already the Ethereum platform has lost a lot of their popularity. One of the reasons I lost their popularity is because I think their platform Extra gas fee in case of transaction. For a few days this gas has been out of the reach of free people. That is why all the people are changing their platform and moving towards Binans platform If it continues like this, it may soon overtake the Benson smart chain Ethereum platform.

[Jamie07]

Let's wait and see when Ethereum EIP 1559 that expected to go live in July this year. If this help the gas fees decrease exponentially as they say, will see if BSC can actually be a real competitor. But almost all of BSC are copied on Ethereum no.?

[Carbitcoin]

Let's wait and see when Ethereum EIP 1559 that expected to go live in July this year. If this help the gas fees decrease exponentially as they say, will see if BSC can actually be a real competitor. But almost all of BSC are copied on Ethereum no.?

I also think that switching to the POS algorithm will completely push Ethereum even further away from its rivals. In this situation, binance will not be able to compete with Ethereum.

[Chiblex]

I also strongly agree, basically people will prefer to save money, no matter how much money or wealth we have, of course we will look for the cheapest fees and will leave expensive ones ... especially in crypto, we can see and compare fees of various kinds platform ... if there are cheap ones why choose expensive ones, I think if the ethereum network does not immediately fix the fees, they will be abandoned by many people ...