With Binance Chain’s 11 validators hand-selecting Binance Smart Chain’s validators daily, analysts are warning of the protocol’s centralization.
Despite Binance supporters celebrating Binance Coin’s (BNB) chart-topping performance for Q1 2021, concerns are growing regarding the centralization of the Binance ecosystem.
On April 12, Messari researcher Ryan Watkins took aim at the centralization of Binance Smart Chain’s validators, stating: “Every cycle people get hoodwinked by the latest centralized solution to all blockchains problems.”
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Messari researchers slam Binance Smart Chain over centralized validators