BSC Attacks

[jenica]

Most of the BSC projects were launched in a hurry because they knew who will come forst will make the most profit. So they uploaded their contract without much testing that is needed. And hackers knew that  and as it is now a very big market they started finding vulnerabilities and attacking it.

I really agree, because I see the market price is really extraordinary, so the developers want to immediately take advantage of the current market situation.
So they don't care about security

[Jaephoenix]

Most of the BSC projects were launched in a hurry because they knew who will come forst will make the most profit. So they uploaded their contract without much testing that is needed. And hackers knew that  and as it is now a very big market they started finding vulnerabilities and attacking it.

I really agree, because I see the market price is really extraordinary, so the developers want to immediately take advantage of the current market situation.
So they don't care about security

So most DeFi platforms are basically sitting ducks now, isn't it? That's quite worrisome thinking the TVL(Total Value Locked) in that sector alone

[Paglamon]

Lots of new currencies are coming to the cryptocurrency market right now. However, the most popular platform for most currencies is the Binance smart chain. Many new tokens are currently being created on this platform with great popularity. So investors are much more interested in investing in every moment. Digital assets can be easily converted into money. So many businesses, large and small, are now interested in investing in new cryptocurrency projects. Most of which are made in binance smartchain network.

[Jaephoenix]

Lots of new currencies are coming to the cryptocurrency market right now. However, the most popular platform for most currencies is the Binance smart chain. Many new tokens are currently being created on this platform with great popularity. So investors are much more interested in investing in every moment. Digital assets can be easily converted into money. So many businesses, large and small, are now interested in investing in new cryptocurrency projects. Most of which are made in binance smartchain network.

I am foreseeing an upsurge in Binance Smart Chain transactions with an attendant increase in price of BNB. Same thing that happened to Ethereum would happen in the Binance Smart Chain

[Phu Juck]

I know blockchains are vulnerable and all. But I noticed that the Binnace Smart Chain has been under severe attacks recently. First it was pancakeswap, venus, bunnyswap, now it is burgerswap and juld. What's going on? Is it because of low number of validators leading faster transactions or what? Concerned cryptohead

Yes, Binance is a very weak platform and very unproven. Just imagine, Ethereum has Vitalik Buterin, he's a coder and computer scientist and Ethereum has a really good code.
But imagine who has Binance? Has it real devs? Because Binance CEO does not seem to be a coder.
I would avoid Binance.

[aiviaa485]

Where there is a lot of money circulating, that's where a lot of things are targeted to be hacked, so it is certain that BSC is also targeted by hackers who want to get money the easy way.
I also believe that BSC has a weak point, where hackers can create something very detrimental to the Binance Smart Chain community. This is only my opinion.
But from all of that, the #DevelopmentTeam  from Binance Smart Chain will also maintain strong security so that BSC in the future will shine even more.