3 ms·
IIRC blacklisting in this manner is basically just a suggestion - it's saying, "hey, in the opinion of Binance, these adresses are bad. Don't do business with t
by Arch485 3y ago
IIRC blacklisting in this manner is basically just a suggestion - it's saying, "hey, in the opinion of Binance, these adresses are bad. Don't do business with them".
If the majority of nodes in the network comply with the blacklist, then it works. But at any point, someone who runs a node (or nodes) can choose to ignore the blacklist.
It's only centralized if the majority of people running BNB Smart Chain decide to trust Binance.
- jowea 3y agoI'm no blockchain expert but I don't think you need a majority. The majority relates with the financial incentives of following the longest chain, but ultimately you can configure your node to "disbelieve" any block breaking the blacklist and carry on with like-minded nodes in a fork.