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Author Topic: The future of blockchains backed by CEXs  (Read 918 times)

Offline Husires

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Re: The future of blockchains backed by CEXs
« Reply #15 on: March 03, 2024, 01:51:49 PM »
Base is one of the largest Layer-2s currently, Coinbase is also a major force: listed on the stock exchange, the largest CEX in the US, with large capital and many relationships in the market, I believe Base will be one of the successful CEX-based blockchains.
Governments may prefer this type of blockchain, as it is still considered crypto, but it is centralized. Transactions can be frozen, removed, or reversed even if they are inside wallets. It is cheaper and does not require mining tools. The government could force all auditors to be inside the United States. Then the governments will have Complete control of the blockchain.
For the average user, he is looking for low fees and there is a small possibility that his account will be frozen, so it is still a good option.

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Re: The future of blockchains backed by CEXs
« Reply #15 on: March 03, 2024, 01:51:49 PM »

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Offline MUGNIA

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Re: The future of blockchains backed by CEXs
« Reply #16 on: March 03, 2024, 09:36:31 PM »
Base is one of the largest Layer-2s currently, Coinbase is also a major force: listed on the stock exchange, the largest CEX in the US, with large capital and many relationships in the market, I believe Base will be one of the successful CEX-based blockchains.
Governments may prefer this type of blockchain, as it is still considered crypto, but it is centralized. Transactions can be frozen, removed, or reversed even if they are inside wallets. It is cheaper and does not require mining tools. The government could force all auditors to be inside the United States. Then the governments will have Complete control of the blockchain.
For the average user, he is looking for low fees and there is a small possibility that his account will be frozen, so it is still a good option.
Low costs are the main factor to pay attention to in every transaction whether it is layer 1 or 2, where most people are not investors but just free coin scavengers, for investors costs are not everything because they have bigger profits

Offline MrSpasybo

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Re: The future of blockchains backed by CEXs
« Reply #17 on: March 11, 2024, 05:25:07 PM »
Governments may prefer this type of blockchain, as it is still considered crypto, but it is centralized. Transactions can be frozen, removed, or reversed even if they are inside wallets. It is cheaper and does not require mining tools. The government could force all auditors to be inside the United States. Then the governments will have Complete control of the blockchain.
For the average user, he is looking for low fees and there is a small possibility that his account will be frozen, so it is still a good option.
Base's Validators are also decentralized and not under the management of Coinbase, so I think we do not need to worry about the Base blockchain being manipulated or controlled by the US government.

Low costs and the excitement of the ecosystem will attract users and investors. What interests me about Base is that its development is backed by Coinbase, so we don't need to worry that Base will lack funds to operate and develop.
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Offline Doovla

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Re: The future of blockchains backed by CEXs
« Reply #18 on: April 08, 2024, 07:37:56 PM »
It is a good basis for realizing the user's faith in the fact that they will sell and buy coins at the exchange without excessive brainstorming. Very good support and I support it.

Offline MrSpasybo

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Re: The future of blockchains backed by CEXs
« Reply #19 on: April 10, 2024, 10:47:16 PM »
It is a good basis for realizing the user's faith in the fact that they will sell and buy coins at the exchange without excessive brainstorming. Very good support and I support it.
Well, I'm not talking about tokens listed on CEXs, I'm talking about blockchains supported by CEXs such as Binance's BNB chain and Coinbase's Base. Compared to when the topic was created, Coinbase's Base has made great strides after the DenCun upgrade thanks to its extremely low fees and high speed, making it the perfect choice for memecoins and NFTs. The number of users has increased, the trading volume has increased, and we have more ETH being burned to increase the scarcity on the market.

BNB chain also has a Layer-2 solution called opBNB but it is not really as prominent as Base on Ethereum, I look forward to the competition of these 2 Layer-2 blockchains in the bullrun, they will be the reason for the opponent to have to progress and constantly develop to serve the needs of users.
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Re: The future of blockchains backed by CEXs
« Reply #20 on: April 10, 2024, 11:02:23 PM »
I am not entirely sure if it will go that far. I agree that everyone who gets their own power tends to do whatever they can, and in this regard I am sure that there will be tries, but blockchain is not something that is general one word, its a whole system and that means every coin has its own, and no cex could own all chains, and most of them are decentralized chains, so even if they want to and spend money on it, they probably won't be able to. Like yeah, BNB is backed by Binance, sure, but can you imagine ETH being backed by Binance? That ain't happening, so its not really a problem for the time being.

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Re: The future of blockchains backed by CEXs
« Reply #21 on: April 15, 2024, 09:30:30 PM »
I am not entirely sure if it will go that far. I agree that everyone who gets their own power tends to do whatever they can, and in this regard I am sure that there will be tries, but blockchain is not something that is general one word, its a whole system and that means every coin has its own, and no cex could own all chains, and most of them are decentralized chains, so even if they want to and spend money on it, they probably won't be able to. Like yeah, BNB is backed by Binance, sure, but can you imagine ETH being backed by Binance? That ain't happening, so its not really a problem for the time being.
Binance may be an investment fund that supports multiple blockchains, but the BNB chain is still referred to as a product of the Binance ecosystem, and Binance's legal issues are seen as having a direct impact on the future of the BNB chain. Binance - BNB chain has a special relationship in this market as the BNB token is used by Binance for many purposes such as transaction fees + participation in new projects, in order to promote its value. Conversely, when the BNB token price increases, the number of users coming to the BNB chain ecosystem increases and they will all become potential users of Binance, bringing Binance a lot of revenue... HecoChain & HTX, Base and Coinbase do not have such a clear and close relationship!
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Re: The future of blockchains backed by CEXs
« Reply #21 on: April 15, 2024, 09:30:30 PM »


 

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