Ethereum and the space filled with BNB

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Avatar for martinezdamp
3 years ago

It currently occupies the number three position of the coinmarketcap, registering a value of $ 462.92 per unit, with a capitalization of $ 72B, handling a volume in the last 24H of $ 3.77B and with a change in trend in relation to the dollar in the last 7D of 33.25%. This description and numbers are attributed to BNB that has really known how to capitalize on the gaps that currently appear in the Etherium (ETHblockchain.

Although, we know that ETH continues to be the platform par excellence for the development of decentralized finance (DeFi's), but it is increasingly frequent that we read information on migrations of these developments to other environments that, although preferably compatible, help to improve significantly the usability they present for their functional growth. It is already known the problems that the ETH blockchain currently faces, especially with the commission registrations that currently govern each transfer that is made. Many projects are basically in a cycle of little progress in the face of these types of details.

BNB really presents itself as a broker that balances certain aspects that are not highlighted so well in ETH, such as the effect of commissions, comparing $ 0.07 with $ 20, $ 50, or even $ 100 per commission is truly shocking, or the number of validations per block between BNB and ETH also stands out at a glance. However, as complex as the interaction of some decentralized initiatives may be described, the ETH chain remains the guide for the implementation of new pathways that solve real problems and opt for new forms of financing. We can only see the records of the Total Value Loked (TVL) of the DeFi's that exceed $ 51.16B.

It is certainly an opinion game that we see between BNB and ETH. Even more so when the first one is perfectly compatible in operations within its chain of blocks, which also makes migrations in search of better benefits attractive. Indeed taking Binance's definition of the situation clarifies that "DeFi protocols are becoming more chain agnostic. Rapid growth shows that users prefer lower transaction fees. Binance Smart Chain also provides a variety of assets, many of which are not available on DeFi protocols on Ethereum. "

Again, these logs focus on dynamic speed improvements and now variety. Even so, I see that there is still a long way to go to dismantle an entire ecosystem like ETH from being that innovative axis of the blockchain and that vanguard point in decentralized cryptography that advocates new directions.

Now if we see that those famous ETH annihilators were left behind and were surprisingly caught by the dynamics of BNB. In this ever-changing world, there may be room for these two chains whose environments are relatively compatible. ETH 2.0 may be able to clarify with its management doubts about the slowness and excess of its transactions, but it should not be underestimated by just the fact of registering some migrations to other blockchains.

Remember that ETH still houses a number of platforms and development tools that run through this ecosystem, and these numbers are not owned by anyone. It is still a fairly relevant point to record disappointments.

I enclose the links to some of the excellent articles that go into in depth the issue of the spaces that ETH is giving away and that tokens such as BNB have known how to appreciate and capitalize on. Hence his main definition of a fairly aggressive climb.

This space has its own information and there is no room for plagiarism. You can also get this article on my Publis0x blog under the following link.

https://www.publish0x.com/cryptographic-alchemy/ethereum-and-the-space-filled-with-bnb-xlykqrp

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3 years ago

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