Founder of Delphi Digital: Binance smart contract chain has no decentralized temperament and cannot attract developers

Tom Shaughnessy, co-founder of Delphi Digital, wrote that the Binance smart contract chain has no decentralized temperament and cannot attract developers. Although the high-profile release of the Binance Smart Contract Chain has made a lot of attention, it simply cannot compete with programmable blockchains such as Ethereum because it is centralized and not a decentralized future. Blockchain is not about providing cheap transactions, anyone can use Amazon Web Services to do this, but to cultivate a community-led builder spirit, these developers collaborate spontaneously without leadership. It is the focus of decentralization. The Binance Smart Contract Chain is centralized, controlled by 21 nodes and managed by Binance. Based on this premise, no matter what applications are developed forever and are used repeatedly by the global community, they will lose vitality, because they have no decentralized temperament at all. The Binance Smart Contract Chain is very similar to EOS, both of which are controlled and available capital by 21 nodes. Developed in a centralized sandbox, developers cannot develop applications with true decentralized temperament. The end result is to put existing Web 2.0 applications into the blockchain, and then use the “decentralized” selling point Promote. In addition, the problem that Binance Smart Chain is not decentralized also involves its economic model. Its 21 validators only earn transaction fees (no block rewards), but if the throughput is transferred to Binance Chain, this means more Less and cheaper transaction fees flow to the verifier, which conflicts with encouraging external verifiers to participate.