Post
Topic
Board Altcoin Discussion
Re: Whats going on in Binance Smart Chain?
by
harapan
on 01/06/2021, 23:51:43 UTC
First it was pancakeswap, venus, bunnyswap, now it is burgerswap and juld. What's going on?I know blockchains are vulnerable and all. But I noticed that the Binnace Smart Chain has been under severe attacks recently. Is it because of low number of validators leading faster transactions or what?

Binance Smart Chain is still working at full network capacity. The problem is that these projects built on binance smart chain network have vulnerability problems that get exploited by attackers and hackers. The big problem nowis the existing flash loan attack that has been a pain for protocols and Defi projects built on BSC. It also appears lik affected projects teams don't knowhow to mitigate after such attacks or prepare against such attacks. Binance smart chain is booming and it's not surprising to see these projects getting attacked it's though attacks like this that the network would grow stronger by leveraging on past mistakes and errors.