Post
Topic
Board Altcoin Discussion
Re: Is Binance Smart Chain the "New Ethereum"?
by
Psynthax
on 19/04/2021, 07:11:52 UTC
Will BSC be able to compete with ETH on security?

It seems that many platforms are still not accepting BSC to transfer assets....
Nah it can't although PoS that ETH gonna be switching to is said to be not as secured as PoW which ETH currently has it's still far secure compared to a blockchain that has limited running node as validator and totally controlled by the company behind that chain.
I know many people gonna say that Binance is too big to exit scam but by having to control the set of validators it gives them power to manipulate the blockchain as well in my opinion and that doesn't seem to be good if any projects trying to create their token on top of that platform.
The centralization of validator could make transaction fast and cheap indeed but using BSC only as good as sending money or swap platforms.