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Binance Smart Chain has always been a bit of a chameleon in the crypto world. Binance CEO Changing Zhao said that BSC hosts a sort of Centralized Decentralized Finance, or “CeDeFi” BSC is essentially centralized. BSC’s decision to sacrifice decentralization, along with already having PoS, is what has allowed it to offer much lower fees than Ethereum. It is not as environmentally friendly as NANO or XRP but neither is it anywhere close to the energy consumption of the giants of Bitcoin and.