In some centralized chains, the fact that the founders hold de facto control is quite concerning. This phenomenon is observed in certain blockchains where a small group of people can do as they please.
Originally, blockchains aim to be decentralized, but in reality, when operated by a specific exchange, the top-tier authorities hold overwhelming power. Is this really healthy governance? Naturally, questions arise.
Looking at on-chain data makes it clear, but I’ll keep specific addresses confidential here. However, caution is needed with centralized operational structures.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
In some centralized chains, the fact that the founders hold de facto control is quite concerning. This phenomenon is observed in certain blockchains where a small group of people can do as they please.
Originally, blockchains aim to be decentralized, but in reality, when operated by a specific exchange, the top-tier authorities hold overwhelming power. Is this really healthy governance? Naturally, questions arise.
Looking at on-chain data makes it clear, but I’ll keep specific addresses confidential here. However, caution is needed with centralized operational structures.