Post
Topic
Board Altcoin Discussion
Re: Is Binance Chain a treat to Ethereum?
by
mrdeposit
on 29/04/2019, 21:21:55 UTC
It is no longer news that Binance is launching their own chain on the 23rd of April, 2019. All BNB holders can convert their ERC 20 to Binance Chain and MITH has announce to be the first to migrate to Binance Chain and pumped 60% overnight. Is Binance Chain decentralized or semi-decentrilized considering that they will be in control of their chain network. With the lack of smart contract, are they really pulling any challenge to ETH? Well. If the purpose is for crowdfunding and the possibility of getting listed, BNB might receive a lot of attention. In my own opinion, Binance Team is setting the pace for other exchanges and they are doing really well.
I do not think that in this market the majority will want to help others while trying to be better than the other. On the contrary, own interests are always important. Besides, I do not think ETH is so desperate.