BNB Switched to Mainnet - Code Not Open-source

in #bitcoin5 years ago

Binance moved BNB to its own chain, yet part of its code is not open source. Crucial part - nodes who move the network.

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Worth to note some tokens already said they will switch to BNB network ie MITH.

BNB Markets

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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...

Name: Binance Chain
Consensus algorithm: get Approval from CZ

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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.

That is concerning. I'm wondering how they will answer this when it is put into the spotlight?

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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