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BSC gets its credibility from being backed by the largest crypto exchange in the world. But even then, it's far less trusted for long term storage of digital a
by CryptoPunk 5y ago
BSC gets its credibility from being backed by the largest crypto exchange in the world.
But even then, it's far less trusted for long term storage of digital assets than Ethereum mainnet.
But I do agree that BSC, and to a lesser extent HEC, show the market places a premium on permissionless-ness and composability, even in the absence of a decentralized consensus process.
It's simply more convenient to use MetaMask to interact with exchange-native assets than an exchange-specific username/password. But I think all of that just solidifies Ethereum mainnet's utility as the root settlement layer.