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 Since my wallet had no BNB, I've withdrawn few from gambling casino.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 When everything was done, I have withdrawn BNB to Binance and they were confirmed there in about 5min and I've paid for that transaction 6 cents.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".

Yes Binance smart chain transaction cost is cheaper than Ethereum. Ethereum transaction cost was cheaper, Binance could take this opportunity I'm the future. Overall still I will support Ethereum blockchain until the Ethereum 2.0.

KimmyF

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