Post
Topic
Board Altcoin Discussion
Re: Passive income
by
vabchgent
on 11/08/2021, 18:39:26 UTC
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.

There's more projects that are running on BSC and carries the popularity of BNB because of its chain.

The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless.

I have only used BSC so far but never looked precisely into the validator structure. Is it known who the validators are? Is it also known that there is a good chance Binance themselves controls most of them? Could they easily roll back the chain if they wanted or are there any security measures in place to prevent that from happening? I think so far a lot of users haven't really looked into how BSC is really designed because everyone trusts Binance, but that might change quite a bit if some of the rumors going around about Binance turn into reality and cause them some trouble.