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That's a different service than "Binance Smart Chain" which is the subject of the article. On "DeFi Staking" users lend tokens to Binance that they then stake
by leppr 6y ago
That's a different service than
"Binance Smart Chain" which is the subject of the article. On "DeFi Staking" users lend tokens to Binance that they then stake on actual decentralized chains like Ethereum for instance, so if they or the smart contracts they stake through fail, Binance really can't do anything for their users.
- eswat 6y ago> Binance really can't do anything for their users BSC is controlled by an oligopoly of validators that Binance decides on. I'm sure if things really got bad on their network they could do something similar to the Ethereum Classic fork during the DAO incident. EDIT: My bad, I skipped a few words in parent.
- deleted 6y ago[deleted]