Quote from: lixer on February 02, 2021, 04:15:10 PM

Once something is centralized , then the community wouldn’t show much interest in it and I guess that’s what is happening with the Binance Smart Chain, a lot of developers would prefer the alternative that is decentralized as they would like a platform that’s going to give them the full freedom to be able to run their projects the way they want it without any form of restrictions at all.Then as for Polkadot, this is not the first time I’m seeing people hype a new project as an Ethereum killer, I am not going to believe any of that until I see it come true. In most cases Devs are still going to consider Ethereum.

Exactly. Centralization greatly defeats the purpose of crypto/Blockchain tech. While most people will fall for the scheme, some people are starting to gain knowledge on the subject. Believe me, no one will like dealing with something that's outside of their own control. It's like dealing with banks all over again. Binance Smart Chain may have attractive features, but it's largely controlled by Binance. The company makes you believe that their own blockchain is decentralized with its false propaganda. But those who dig deeper, will find that the majority of the network's nodes are controlled by Binance itself. As long as centralization persists, the "BNB" token will be subject to single points of failure. Imagine if someday Binance shut down its operations? Then Binance Smart Chain will fade into oblivion, leaving investors in the dust.

As far as I know, this is not an issue with Polkadot due to its decentralized nature. Of course, Ethereum is much more decentralized than the aforementioned blockchain networks. But I believe that DOT has higher potential than BNB because of the way it's designed. With decentralization, the project could become highly resistant against censorship. No company or government has the final say over the network's behavior or prominence in the mainstream world. I'd imagine most people will prefer Polkadot over Binance Smart Chain anytime because of this. As far as technical aspects are concerned, I think that both chains are "neck and neck". DOT and BNB are able to provide extremely low fees and blazing-fast transactions, making them a better alternative to ETH for "De-Fi". Yet, developers' interest in building new dApps on Ethereum hasn't declined. If this keeps up, neither DOT or BNB will be able to overcome ETH in the future. Just my opinion