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RE: Steemit Crypto Academy Contest / S1W2 – Reviewing Centralized Exchanges by @meniya
Centralized exchanges are highly susceptible to malicious attack and theft by hackers, once a hacker is able to penetrate into the platform assets of users worth billions can be stolen if the security of the exchange is not strong.
This is my biggest worry about blockchains.
The verification process of Binance Exchange is quite studious as you mentioned.
Quite an interesting post @meniya
Hackers are the major challenge of centralized exchanges, and i wish they improve on their security status to keep their clients asset safe. Thanks for reading through @b-naj