BSC has faced criticism for being less decentralized and secure than some of its competitors. There has been a growing number of “rug pulls” or exploits on DeFi projects built on BSC this year, and BSC’s security algorithm, known as Proof-Of-Staked Authority (PoSA) , is controlled by only 21 node operators. But Binance’s Zhao told CryptoX previously that in designing BSC, the sacrifice of decentralization was unavoidable in order for BSC to compete against Ethereum.
Binance Dedicates Another $1B to Smart Chain Project — CoinDesk
