Ninjastic
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Board Altcoin Discussion
Re: Is Binance Smart Chain the "New Ethereum"?
by
Duzter
on 07/06/2021, 22:42:40 UTC
Quote from: hari9981 on Today at 05:42:41 PM
Quote from: bakasabo on May 31, 2021, 09:14:45 AM
Quote from: neptunemutual on May 31, 2021, 09:06:22 AM
Binance Smart Chain has a lot of advantages over Ethereum and Ethereum-compatible blockchains. Here are some of the major ones:

* Insanely fast transactions (3 seconds)
* Cheaper transactions (approx 50 times cheaper)


Yesterday I needed to swap few BSC tokens. Since my wallet had no BNB, I've withdrawn few from gambling casino. It took about 30 minutes before I got them in my wallet. Confirmation and swapping took also about an hour. When everything was done, I have withdrawn BNB to Binance and they were confirmed there in about 5min and I've paid for that transaction 6 cents.

If we open etherscan.io right now, we could see that a transaction can be done with the following circumstances "15 gwei $0.79 | ~ 16 mins:0 secs". This is still slower and expensive than a BSC transaction, but it does not look like a "3 sec" quick and "50 times cheaper".

Agree, manytimes i interact with Dex on BSC Platform and its not an easy things to do and not a smooth fast transaction, my experience when using EOS is better.
I guess the next dApps platform that will compete with ETH is EOS.
EOS is better than ethereum platform on various aspects, but it is outlined as a centralized model. This is the major reason that it hasn't gained more importance. Maybe with time things can change. When we talk of EOS replacing ethereum, there is possibility. But, with the continued updates on ethereum platform they try to keep it above the EOS platform.