The launch of the Binance Smart Chain was one of the strongest table knocks in the history of the crypto market. And, the Blockchain designed and developed by the Binance exchange, was created to compete directly with Ethereum. Achieving important achievements that allow us to imagine a future in which this chain surpasses ETH. Just what Changpeng Zhao’s tweet seems to think of the day when he says that if you are not in BSC you are wasting potential.
Changpeng Zhao keeps betting everything on BSC
Competing with Ethereum is not at all innovative. On the contrary, we can assure without fear of exaggeration that the vast majority of the main cryptocurrencies in the world were born to compete with the virtual currency of Vitalik Buterin. Including such popular projects as Tron, EOS and ADA.
However, never from these blockchains have they gained such support from the crypto community as to become a rival for Ethereum. Failing to equate neither the number of transactions, nor the number of users or decentralized applications that today make life in ETH. All of this changed with the launch of the Binance Smart Chain (BSC).
It is a blockchain designed by Binance to host decentralized applications, thus being direct competition for Ethereum. But unlike other Blockchains that try to challenge ETH, BSC has the institutional support of one of the largest and most important companies in the world. Thanks to which it has managed to surpass Ethereum in several sectors, such as the number of daily transactions, which is noted by the CEO of Binance, Changpeng Zhao.
“Now there are 3 times more daily transactions in BSC than in ETH. For developers, if they are not in BSC, they are losing 75% of their potential market.
After Ethereum’s transaction volume tripled, Changpeng Zhao told developers that if they are not in BSC they are losing potential. Source: BSC Scan
Thus, Changpeng Zhao seems to be calling for decentralized application developers who are still working on Ethereum to switch to BSC. Arguing that users are using Binance’s blockchain much more than ETH’s, and therefore lose a good part of their market by remaining on another Blockchain.
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