BNB not competing with Ethereum Chain
BNB is a simple chain, where as Ethereum having smart contracts.. mostly ethereum competitors are EOS, NEO, ICX, Tezos, ETC, TRON
But this BNB chain will bring revolution to the crypto world. 1 second block time and 1 confirmation is a killer..
everyone knows the pain of transferring btc to exchange or making payment with btc and waiting for sweet 20-30 mins.
5 tokens already switched to binance chain. MITH, NOW, ATOMIC, Redpulse Phoenix, Spendcoin & 7 more tokens from ETH chain will move to BNB chain.
And another one, Gifto (GTO)
https://medium.com/@gifto/mass-adoption-token-meets-mass-adoption-chain-gifto-migrates-to-binance-chain-af8cf906e13aAnd it's interesting that ther reason they give is that they wanted a fast network. How about security though, how secure is Binance Chain? I haven't read all about this revolutionary technology in detail and all I heard is that it's really fast. But what if the network gets clogged when majority of ERC20 tokens moves? Can it still handle workloads?