Looking back on recent posts, there were many posts on Binance Exchange, but I think there were really many posts on Binance Smart Chain. I'm seeing what I expected from EOS in 2017, when I vaguely thought that a blockchain with a high TPS would be the best, on Binance Smart Chain.
Binance Smart Chain can be said to be a newborn, only 4 months since its launch, but when it was busy creating wallet tools like other chains, Binance Smart Chain was fully compatible with Ethereum + Binance. It is no exaggeration to say that we are creating an ecosystem that is next to Ethereum through backup .
In the end, the blockchain platform becomes popular only when the following factors are well fused.
(1) User
- How easy is it to use? : Is it necessary to study separately to use a wallet or account, or is the TPS fast?
- How accessible is it? : How many types of wallets/mobile wallets are supported
- How much to use? : How many DApps are there
- Does using dApps benefit? : Are there any profits to be willing to take the trouble of?
- How reliable are dApps? : Is there less risk of dapps getting stuck or dumping?
(2) Developer
- How convenient is it to develop? : Is the document organized well, is there a lot of convenient tools?
- How Sustainable: Is there a large pool of developers participating in the development, is there fund support?
- How many user pools are there: How many users will be interested and used when DApp launches
- Is there any benefit from actual development: Support of development fund, listing on exchange
Considering these factors, I think the next generation of Ethereum and the most likely chain that can threaten Ethereum is by far the "Binance Smart Chain" . Whether it is a developer or a user, anyone who has used Ethereum can port and use any number of times, but the transaction speed is faster and the fee is lower. However, there are many incentives for DApp developers, and the possibility of listing on Binance as a bonus seems to be a huge merit.
It seems that there is still a little time left until various chains such as EOS, Tron, Polkadot, Near Protocol, Solana, Algorand, and Flow have their own distinctive characteristics. When chains build their own differentiated ecosystem, and in the hiatus until Ethereum 2.0 works properly, I think Binance Smart Chain's dominance will increase significantly.
If you were just sucking your finger while Ethereum-based DeFi projects this year show tremendous value gains, you need to study and use Binance Smart Chain even now. It is necessary to remind yourself of what other chains were doing three to four months after the launch of the mainnet.