Binance DEX Wont Be Decentralized ?

in #blockchain • 5 years ago

We all know Binance is goingto launch DEX to get even bigger cut of everything.

Yet it seems, it wont befully decentralized. Sure, we will own keys and not them but platform itself will not be censorship free etc.

Binance DEX will share books for liquidity with Binance itself. You will be able to make tokens there but not smart contracts.
Delegated Proof of Stake will be the way to move chain and i assume most forgers will be Binance or partners. Maybe even all of the spots.

BNB Coin pumped on the news of launch coming anyways.

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5 years ago in #blockchain by
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     5 years ago 

    From what I got from cz it uses the same protocol Neo uses not DPOS

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     5 years ago 

    Yeah Dbft. That's what I heard too. Doesn't really speak to it being decentralized or not IMO.

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     5 years ago 

    I guess it won't be too bad since we already have more than few other DEX's. Although I am little concerned about this being set as an example since many other exchanges might do the same.

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       5 years ago 

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         5 years ago 

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         5 years ago 

        For its function I don’t really have an issue with it being decentralized.... makes sense that they would keep a tight leash on it.

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           5 years ago 

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             5 years ago 

            The future is here. Next decentralized coinbase https://nash.io/referrals?code=RQMCS28C2DA690-3E36-48B9-86E1-8B445A752F57.png

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