My Actifit Report Card: April 11 2021

How Safe is Binance Chain?

I was wondering if we could trust Binance as a safe blockchain.

Considering the fundamentals of using crypto, which includes total detachment from governments, using Binance Smart Chain would be controversial.

Here are a few reasons:
1: It is not a decentralized network, although they say it is.
2: It’s a copy from ethereum network, and ETH hodlers are not happy with it.
3: Binance has a history of partnering with corrupt crypto enthusiasts, like Justin Sun and Steem, last year.
4: Considering it’s not a decentralized network, they may be hacked. (Binance was hacked in 2018).
5: BSC has less than 50 nodes against 8k from ETH.

So I TRULY believe HIVE DOLLARS are the best way to keep a “stable” coin securely.

Have a good Sunday my Hivean friends, and may the force be with you.
@xmauron3


This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io


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