ETH Network or Binance Smart Chain Network

It is no surprise to us all, how the ETH network is having issues with the scalability issues in the past few months. The incompetent gas fees is probably the main issue which is being faced by its users. Honestly, doing small trades is like a dream in ETH network. While things are spiking up in BSC network. Lets talk about that for a while.

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Recently the hype of BSC network is going over the roof. I do not blame investors/users. As everyone seeks profit. Wherever there is money people will eventually jump through it. The fact lies with the story behind it. There are various questions which needs to answered when diving into an investment and that even especially in crypto.

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For starters Binance took the right opportunity and has given the world which it needed at this moment. Somewhere to invest upon and somewhere where people can make money. Even though it depends on which investments you get in. But the fact here is, Binance knew what people were seeking and they just delivered it at the right time. TBH Binance also used their moneeeee to take the BSC network to the peak where it is now. In a way you may also refer it to the influence of money, played a huge role in here. Thus the HYPE was created and from there the story began and now it is kind of unstoppable.

Few important aspects needs to be taken care of before I go further. As you all know Binance is not open sourced thus the project is centralized. So the BSC network can also be considered in that zone. Besides it is not open sourced which does indicates to a lot of things. So security issues (in terms of centralized issues) is to be there. If you are concerned about this particular issue than probably you should think about before hopping into BSC network. Otherwise just go with the flow.

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How crazy things are let me share one information. Total volume locked in just Pancakeswap atm $4,018,700,436. Whereas

The recent IFO: Initial Farm Offerings in pancakeswap has been the talk of the town. One was launched today named as BELT. So far it seemed to be a successful launch event and currently it is being traded at $140+. The past IFO's in Pancakeswap has been mostly successful as well. So it does holds some potential in the long run. As people are investing and taking the maximum profits out of it.

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BUT

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Being a decentralized network and offering security in various ways, ETH network seemed to be coming down in users which is potentially increasing the value of BSC network. As there are thousands of small investors who would like to invest in small amounts. Which is precisely not possible in ETH network due to the GAS fees. So some of these users are getting attracted by other networks. Hence the fund is logically moving away from ETH network. It is one of the most biggest issue for ETH network to solve ASAP. If this goes on, Vitalik would probably be just wooing upon his promises of scaling issues, which was promised to its users. But do not forget ETH is one of the best crypto and the underlying structure of its blockchain is phenomenon. Which provides maximum security for users info and data stored on its blockchain. So it might take some time to build what is seeked by its users but hopefully it will not be too late to act by Vitalik and the witty miners of ETH.

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Till then make your investments count. As once this issue is solved of ETH, who knows there are rumors which is resulting towards 20-50 times growth of ETH. So lets wait and see what is actually awaiting for us all!

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Image sources : Pancakeswap, Pixabay

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Best regards

Rehan

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Posted Using LeoFinance ^Beta