Binance moved BNB to its own chain, yet part of its code is not open source. Crucial part - nodes who move the network.
Worth to note some tokens already said they will switch to BNB network ie MITH.
BNB Switched to Mainnet - Code Not Open-source
6 years ago by kingscrown (81)
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Yeah I wrote about Binance the other day and how they seemed to be becoming a big greedy corporation just the thing we have been trying to get rid of. These people seriously get a big head after a while...
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Name: Binance Chain
Consensus algorithm: get Approval from CZ
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:) :D
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On the other hand every scam would be jumping to get on their chain and it would be a pr nightmare
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Well.... Some years ago there was a big scam called Mt.Gox... they got "hacked" and shaddy things happened.
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That is concerning. I'm wondering how they will answer this when it is put into the spotlight?
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That’s very unfortunate that is like that. I like binance but I hope they see the error of their ways.
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This is definitely concerning for crypto as a whole. If things keep shifting to big companies and closed off sources what is the advantage of using crypto?
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