Centralization vs Decentralization, Binance Hack, and the Binance Smart Chain Halt

Written by dshishov | Published 2022/10/13
Tech Story Tags: blockchain | binance | binance-smart-chain | bsc | centralization | decentralization | centralized-vs-decentralized | decentralized-finance

TLDRThe most recent Binance hack demonstrated that the Binance Smart Chain can be halted rapidly by its validators. Even though this measure was used to save the stolen funds and prevent the attacker from draining more tokens from the ecosystem, users raged about blockchain centralization. Are there any truly decentralized blockchains? It looks like we are still far from real decentralization. via the TL;DR App
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Written by dshishov | Crypto Lover, Bidsbee CEO & Founder
Published by HackerNoon on 2022/10/13
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