Can Binance Smart Chain Answer Elon Musk's Crypto-Breaking Reiterated Question of Energy Efficiency?

Written by alexa.eth | Published 2021/05/20
Tech Story Tags: binance | crypto | energy-efficiency | is-crypto-energy-efficient | most-energy-efficient-crypto | cryptocurrency | cryptocurrency-top-story | binance-smart-chain

TLDR 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.via the TL;DR App
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Written by alexa.eth | #NFT #AI #Gaming and everything in between
Published by HackerNoon on 2021/05/20
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