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SVTPerformance's Chain of Restaurants
Road Side Pub
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<blockquote data-quote="quad" data-source="post: 16584415" data-attributes="member: 17952"><p>Yes I have some Cardano, ETH, BNB and a few others on Binance. Actually I've had all 3 since 2018.</p><p></p><p>There is a lot of FUD going on about Cardano being superior to Ethereum in everyway. Charles Hoskinson, the founder of Cardano was also cofounder of Ethereum He worked with Vitalik Buterin but left the project because of disagreements about governance and a few other items. Another Ethereum cofounder left and started Polkadot.</p><p></p><p>Vitalik Buterin is very smart and more quiet compared to Hoskinson.</p><p></p><p>The main thing holding Ethereum back right now are the high gas fees. That's is a good sign though because it means demand is high for all the smart contracts and DEFI projects. Because of the high gas fees a few projects jumped over to Binance Smart Chain BSC. That's why Binance BNB has been pumping so much this year. What Binance did was to basically fork Ethereum and make a few minor modifications and then centralized it on 25 nodes. Ethereum is decentralized on over 8000 nodes. At the moment people don't care about the CEFI nature of Binance Chain because it is profitable but it is more censorship prone. They could kill projects on it if they were pressured or decided to do it internally. This is where DEFI has an advantage. Ethereum 2.0 will change all this but it is not easy to roll out fast because Ethereum is massive and there can't be any downtime or bugs.</p><p></p><p>So right now BSC fees are a lot less compared to Ethereum and also much faster. Binance has also apparently been doing shady stuff like stopping or hampering trading of Ethereum on their exchange to benefit BSC. It is the largest crypto exchange in the world and this will affect Ethereum.</p><p></p><p>There are also rumors that Binance has had many fake or cancelled transactions on BSC to artificially inflate their transaction count to make it look better in comparison with Ethereum's transactions.</p><p></p><p>As far as Cardano goes there is not a single DEFI project running on it yet. So right now it is all hype but it does look like it has a lot of promise and is ahead of Ethereum because they are not hampered as much by live projects. Ethereum 2.0 will be more comparable to Cardano.</p><p></p><p>An analogy being used is that Ethereum is the old house with old electrical wiring that has been upgraded and patched many times to bring it up to snuff and Cardano is the newer home with modern electrical wiring. It is often times faster to build something new from the ground up than to upgrade something that is old and existing.</p></blockquote><p></p>
[QUOTE="quad, post: 16584415, member: 17952"] Yes I have some Cardano, ETH, BNB and a few others on Binance. Actually I've had all 3 since 2018. There is a lot of FUD going on about Cardano being superior to Ethereum in everyway. Charles Hoskinson, the founder of Cardano was also cofounder of Ethereum He worked with Vitalik Buterin but left the project because of disagreements about governance and a few other items. Another Ethereum cofounder left and started Polkadot. Vitalik Buterin is very smart and more quiet compared to Hoskinson. The main thing holding Ethereum back right now are the high gas fees. That's is a good sign though because it means demand is high for all the smart contracts and DEFI projects. Because of the high gas fees a few projects jumped over to Binance Smart Chain BSC. That's why Binance BNB has been pumping so much this year. What Binance did was to basically fork Ethereum and make a few minor modifications and then centralized it on 25 nodes. Ethereum is decentralized on over 8000 nodes. At the moment people don't care about the CEFI nature of Binance Chain because it is profitable but it is more censorship prone. They could kill projects on it if they were pressured or decided to do it internally. This is where DEFI has an advantage. Ethereum 2.0 will change all this but it is not easy to roll out fast because Ethereum is massive and there can't be any downtime or bugs. So right now BSC fees are a lot less compared to Ethereum and also much faster. Binance has also apparently been doing shady stuff like stopping or hampering trading of Ethereum on their exchange to benefit BSC. It is the largest crypto exchange in the world and this will affect Ethereum. There are also rumors that Binance has had many fake or cancelled transactions on BSC to artificially inflate their transaction count to make it look better in comparison with Ethereum's transactions. As far as Cardano goes there is not a single DEFI project running on it yet. So right now it is all hype but it does look like it has a lot of promise and is ahead of Ethereum because they are not hampered as much by live projects. Ethereum 2.0 will be more comparable to Cardano. An analogy being used is that Ethereum is the old house with old electrical wiring that has been upgraded and patched many times to bring it up to snuff and Cardano is the newer home with modern electrical wiring. It is often times faster to build something new from the ground up than to upgrade something that is old and existing. [/QUOTE]
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