For anyone on the fence due to the recent BNB price spike, BSC is just Ethereum with a higher gas limit at the expense of centralization. Don’t be fooled into thinking it’s better or that Ethereum is “outdated tech”, Ethereum has the most developers working on improving it by a very wide margin.

I've noticed a lot of people suggesting Ethereum is outdated tech and that BNB is the future because it has lower fees. That couldn't be further from the truth.

BSC is an Ethereum clone and all they did to reduce fees was increase the gas limit. That means that more transactions can be processed for lower fees but it requires more powerful hardware and thus more centralization. Ethereum could do this in 10 minutes if they thought that was beneficial to the network but they haven't because doing so would break a lot of the decentralization and security of the network.

Ethereum is so widely used and trusted because it is so decentralized and secure.

Ethereum has the most developers and researchers working on it than any other blockchain project by a very long way which means it is literally the bleeding edge of crypto tech. The Eth killers have a long way to go to knock it off as king of DeFi.

That's not to say that ADA and DOT aren't very promising projects but putting BSC/BNB in with them is almost laughable. It's just a clone! It will always be behind.

Check out Ben Cowen's recent fundamentals video to understand a bit more.