11
11
Select a chapter
Client
Fund Manager
No items found.
White Paper
No items found.

What are the Differences Between Ethereum Network and Binance Smart Chain (BSC) Network?

CryptoHelp currently runs on two different networks, Ethereum Network (ETH) and Binance Smart Chain (BSC). 


The table below show the main difference between Ethereum and Binance Smart Chain as well as the definition for each term.

Ethereum vs Binance Smart Chain per June 2021
Ethereum Binance Smart Chain
Number of Validators 11,000 + 21
Transaction per Second 20 57.8
Avg. Fee per Transaction* $15 $0.01
Transaction Time ~5 min 75 sec


Number of Validators. The term refers to the number of computers used to verify the validity of a transaction over a network. The higher the quantity means that more computers were used to validate each transaction, increasing its security and censorship resistance. However, it came with a trade-off. For example, due to more computation needed to process a transaction, the costs and time needed to complete one will naturally be higher.


Transaction per Second. The term refers to the number of transactions made on the network in each second. Ethereum has fewer numbers than BSC due to its high number of validators, meaning that a transaction needs to go through more processes before it could be approved.


Avg. Fee per Transaction. The term refers to the average fee needed to complete a transaction. It should be noted that the average fee per transaction might change based on the current market price of each token. To better understand the gas fee needed for a transaction at any given time, please check the gas tracker on Etherscan and BSCscan.


Transaction Time. The term refers to the amount of time taken for a transaction’s effect to be processed in a network. The faster the validation process, the less time needed to complete one transaction will be reduced. Ethereum has a higher transaction latency compared to BSC due to its high number of validators used for each transaction.

Up Next
No items found.