Post
Topic
Board Altcoin Discussion
Re: BEP20 OR ERC20? Preferred token
by
shinratensei_
on 12/07/2023, 23:17:49 UTC
IMO, ERC20 has more quality coins, community and users than BEP20. However, due to its very high fee, BEP20 has other advantages that make it almost the same or the same as the current ERC20. If the ERC20 fees were lower, I'm pretty sure people would choose to go with ERC20 and BEP20 wouldn't have the chance it has now to be in the same position, it's just, that's not the reality.
In addition, to determine whether it is good or not, we need to refer to the tokens that we use or invest. currently quite a lot of tokens use these 2 chains as their basis.
Because all the whales are on eth and no one wants to see anything build on BSC. People see that ETH is going to be the future so they put their projects where the users are going to be. We are just waiting it for to scale so we can benefit more of that. And after that, there's no use for BSC and even rug pulls move back to eth.

Basically only tokens in BSC worth using are usdt and busd. Placeholder or wrapped tokens that are bridged to BNB (And perhaps the native coin BNB if you are into that sort of thing)
thats true honestly, only bridged tokens that are available in multichain are worth to have in Binance Smart Chain, the other? not so much, considering the fact that this chain have already been heavily populated with
some shit coin and this trend goes on until today, I think BSC only peaked when metaverse and some blockchain games still exists, where they need cheaper fee than ethereum and also faster.
but nowadays it seems just there's nothing worth notably mentioning coming from BSC which only means that maybe there are less and less people deploying smart contract in their blockchain.
if ethereum could eventually solve its scalability problems then I guess BSC will be even more forgotten.