Express
OKEx CEO: By Misleading The Public, Binance Causes DeFi Specifically To Regress
Summary: OKEx CEO Jay Hao assailed Binance's newly-launched Binance Smart Chain via a series of tweets, saying the exchange harms the crypto community and causes DeFi specially to regress by misleading the public.He wrote: "To be called a public chain, a blockchain needs to have 2 features: open source & open nodes. Binance recently built a ...
OKEx CEO Jay Hao assailed Binance's newly-launched Binance Smart Chain via a series of tweets, saying the exchange harms the crypto community and causes DeFi specially to regress by misleading the public.
He wrote: "To be called a public chain, a blockchain needs to have 2 features: open source & open nodes. Binance recently built a new chain where they are the sole validators (owning complete on-chain governance rights), yet the chain was promoted as a 'decentralized smart chain.' Binance's 'decentralized' solutions are based on allowing its team to change the on-chain data anytime they want without any governance or restraint. To any crypto expert, this company-owned 'public chain'/ so-called 'Smart Chain' would be considered misleading to the public."
According to Jay Hao, the reason he was calling this out is merely that, as a Defi supporter and believer, he has to do the right thing.
"By misleading the public, Binance not only harms the crypto community but also causes DeFi specifically to regress," stated the CEO.
Tracy Chen
Tags: Binance,OKEx
Link: OKEx CEO: By Misleading The Public, Binance Causes DeFi Specifically To Regress [Copy]
