Since the cost of Ethreum gas is expensive then many projects that use the BSC network because of the cheaper cost and very easy for us to use, but this is not a momentary development for the BSC network and this will happen even though later the cost of ethreum gas is back down, and I am very sure the two coins will continue to compete both from the price to cooperation with the bounty project.
The issue about transaction cost is very related to scalability issue.
Right now ETH Developer are working to increase it, ETH network only can process up to 2M transaction per day.
https://ycharts.com/indicators/ethereum_transactions_per_day#:~:text=Ethereum%20Transactions%20Per%20Day%20is,91.93%25%20from%20one%20year%20ago.
Hopefully it will increase to 10M transaction or more after ETH 2.0
10M isn't even nearly enough. It is of course an improvement compared to what it is now, but if ETH 2.0 is supposed to become a major platform we are rather talking 100M transactions or even more than that!
Did you believe that ETH transaction will reach 100m transaction per day after eth 2.0 upgrade???
I am looking for it if it become reality
Why so many people flatter BNB's high just because of the low cost issue??
The cost means everything for retail trader, it's also help the blockchain adoption.
Just like bitcoin. In term of quality ofcourse ETH is number 1 but in term of quantity(scalability) BSC still on the top.
Scalability problem on the blockchain is always an issue
This means that it can be concluded that those who praise BNB are small traders, because they are only helped by the problem of costs, while those who can get a lot of profit through ETH, obviously will never say ETH is bad because today the ETH token has reached a new ATH with past the $ 4K mark in a single unit.
I don't agree you calling some of BSC supported as small traders because any other network chains, there are whales in it.
A lot of my social media friends are earning more than what I can imagine that they can earn and that's because they are supporting BSC and BSC projects.
Yaaa me too. It's not about small trader. Low cost it's also means ETH scalability issue now becomes problem.
As you know ETH daily transaction only 2M transaction compared to BSC has 10M transaction per day
No it couldn't go up to 200M transactions per day, it was technically not feasible. What I am saying is that we will need at least 100M transactions per day and I think even moe than that if ETH is aiming at becoming the preferred network for developers to build applications for it.