Binance DEX Wont Be Decentralized ?
We all know Binance is goingto launch DEX to get even bigger cut of everything.
Yet it seems, it wont befully decentralized. Sure, we will own keys and not them but platform itself will not be censorship free etc.
Binance DEX will share books for liquidity with Binance itself. You will be able to make tokens there but not smart contracts.
Delegated Proof of Stake will be the way to move chain and i assume most forgers will be Binance or partners. Maybe even all of the spots.
BNB Coin pumped on the news of launch coming anyways.
CRYPTO INCOME GUIDE EBOOK - FREE FOR LIMITED TIME - DOWNLOAD HERE
Join My Official Discord Crypto/Steemit Group - https://discord.gg/Ma3VCxj
Follow, Resteem and VOTE UP @kingscrown creator of cryptocurrency blog for unique news, tips and mailing list specials! |
|---|
From what I got from cz it uses the same protocol Neo uses not DPOS
Yeah Dbft. That's what I heard too. Doesn't really speak to it being decentralized or not IMO.
well see :)
I guess it won't be too bad since we already have more than few other DEX's. Although I am little concerned about this being set as an example since many other exchanges might do the same.
@swiftbot tip 100
⚡$$$ Tipped @hashcash
⚡100.00000000 SWIFT! If you don't know how I work, replyhelp! Currently the price ofSwiftCashin the market is$0.0016 USDperSWIFT. Current value of the tip is$0.1600 USD. To find out more aboutSwiftCash, please read our whitepaper!For its function I don’t really have an issue with it being decentralized.... makes sense that they would keep a tight leash on it.
Posted using Partiko iOS
Hi @kingscrown!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 7.269 which ranks you at #68 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 343 contributions, your post is ranked at #26.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
The future is here. Next decentralized coinbase https://nash.io/referrals?code=RQMCS2