Binance Smart Chain Targeted by Severe Criticism, Here’s Why

Binance

Anonymous Cryptocurrency Millionaire Developer Slams Major Smart Contract Platforms With Seven Critical Points

An anonymous blockchain expert who goes by @kaber2 on GitHub released a rage-filled analysis of the development and maintenance aspects of Binance Smart Chain.

“Rarely have seen anything handled so unprofessionally”

On Nov. 16, 2021, @kaber2 released seven points of criticism against popular smart contracts platform Binance Smart Chain.

First, there is no code review: patches are released without a proper description. Thus, it is difficult to know which problems are solved by which commit or that commit.

Then, the BSC development process lacks beta testing: new updates make things worse. The team pays zero attention to bug reports even when the same problem is reported by thousands of developers.

The reviewer rejected the decision to disable peer-to-peer transaction broadcasts because its implementation makes the entire network highly centralized.

Is centralization the worst thing about BSC?

Last but not least, @kaber2 slams the block size increase with reduced block time. All in all, he accused the team of the largest CEX of a “cash grab” approach:

Binance wanted a quick hack to make money, but is unwilling to expand even modest resources to make this thing actually work.

He/she revealed that there are 4,000 Binance Coins (BNB) in his/her bags, which is equal to roughly $2.35 million. However, the critic of BSC is considering liquidating his/her BNB holdings.

As covered by U.Today previously, @ kaber2 is far from alone in its opinion on the centralization of Binance.

Coinbase CEO Brian Armstrong and OKEx’s Jay Hao also accused the Binance team of centralization of its smart contracts environment.

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