I want to talk about why Binance Smart chain is going to overtake Ethereum chain very soon.
Many people don't like Binance chain, mostly because it is centralised. And while that isn't the vision that Satoshi had for crypto, it still doesn't change the fact that BSC is superior to Ethereum.
Ways BSC is better than ETH
More transactions per second
Much cheaper fees
Faster transactions
These are some of the ways BSC is better.
So why is BSC going to win?
Simply because of the fact that newbies to crypto don't care about whether something is decentralised or not!
A friend once wanted to send me some crypto for my birthday. She of course was not into crypto, but knew I liked it.
She wanted to send me some USDT, and I told her that I preferred Ethereum chain over BSC. But she said that she preferred to send it with BSC because of the lower fees. Because normies don't care!
Binance chain also has high APY tied farming that is very enticing for new people. This is one of the main reasons new people in crypto rush to BSC. Because those yields are sweet!
In summary, I believe that a combination of low fees, fast transactions and high yields will let Binance chain win.
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