Comparison between #BSC with #ETH , exploring differences in speed, cost, and ecosystem.

1. Speed

BSC(Binance Smart Chain) is known for its higher throughput compared to Ethereum. It employs a consensus mechanism called Practical Byzantine Fault Tolerance( PBFT), allowing for faster block confirmation times. Average block time is around 3 seconds

ETH(Ethereum) uses a proof of work (PoW) consensus mechanism, making its block time around 13-15 seconds.

2. Cost

Transactions on BSC are generally more cost-effective than ETH. The lower fees make it attractive for users, especially those involved in smaller transactions or DeFi( decentralised finance) activities.

ETh has faced challenges with high gas fees, especially during periods of network congestion.

3. Ecosystem

BSC has gained popularity for hosting a variety of decentralised applications(DApps) and projects. It is known for being compatible with the Ethereum Virtual Machine (EVM), making it easier for developers to migrate or deploy their projects on BSC.

ETH has a more established and diverse ecosystem, having been the pioneer in smart contract platforms. It hosts a vast array of DApps, DeFi protocols, #NTFs and more.

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