Quote from: Jackl87 on January 18, 2023, 05:12:48 PM

Quote from: Cornia on September 21, 2021, 06:15:11 PM

The demand for BSC network has increased due to increase in gas fee of Ethereum network. Most of the Altcoin projects are now using the BSC network. Even some Ethereum network's Altcoin project is switching to BSC / Polygon network.
But now it is seen that some Altcoin project is being launched in Polygon network. We know that gas fee of BSC network is very low and transaction speed is high. So for which benefit, all these projects are being launched on Polygon network instead of BSC?

Well i think nowadays we have so many L1-projects or L2-projects that are all offering smart contract functionality that we really have a big choice now, which network we want to use. Back in the day there only was Ethereum which offered smart contracts and that was a huge game changer for the whole crypto space because smart contracts were necessary for all the stuff that we are having today with NFT's, tokens and of course Defi with it's yield farms and so on.
Obviously ETH had huge problems during high traffic phases which made it almost unusable for small investors like me because a transaction often did cost more fee than the value of the transaction itself was.
Polygon and BSC are both having relatively low transaction fees so there is no big difference in that regard. It all comes down to which chain has the bigger adoption.

But still though, I think ETH still leads any other L1 smart contract and dapps, although their is BSC highly touted as a big risk and competition for ETH, so far it's ETH that's in the first place. The only reason that the projects did stay away from ETH network is the network fee, but since it moved to PoS, then perhaps this issues have been alleviated already.

But as a developer, it's good to have this kind of alternatives so that they can rightly choose which one fits their needs.

So it's a win win for them and for us crypto enthusiast.