Two do not differ about the power of the Ethereum project and how it deserves the merit of second place as the largest Crypto project in terms of total market value after Bitcoin.
The Ethereum project offers decentralized processing of financial transactions and various types of other applications, and the ethereum network is spreading widely around the world.
Where one can enter the codes that control the flow of funds and build decentralized applications that can be accessed anywhere and around the world.
Ethereum was founded by Mr. Vitalik Putrin, who recently attacked Binance's decentralized trading platform.
He pointed to some doubts about the nature of the Binance decentralization platform and said that the decentralized platform Binance lacks decentralization in its basis.
Ethereum currency is listed on the Binance DEX decentralization platform which is a decentralized cryptocurrency trading platform, known as “P2P peer-to-peer trading”.
This decentralized platform was only introduced recently but has received tremendous support from the Crypto community. While the main Binance platform has been serving as a central platform for crypto trading since 2017.
Vitalik asked about the idea of the decentralization of the Binance platform in a conversation with “Lina Seiche” who is a marketing manager on the “BTSE” trading platform.
“Vitalik” stated that, despite Binance’s claims that its platform is decentralized “DEX” as its name “Binance DEX” indicates, but it is only a name, and it is hardly decentralized.
The nucleus of this statement is due to the accusation of the Ethereum coin that it is not a 100% decentralized network and this accusation has been the focus of attention of many bulletins from various sides for a long time as many users questioned whether Ethereum is 100% decentralized or not.
Therefore, another aspect of Vitalik's statement relates to responding to the criticism directed against Ethereum.
Vitalik’s response to all these allegations is by comparing Ethereum’s decentralization with Binance’s decentralization platform.
He stated in a tweet that:
“Binance DEX” only has a decentralized name.
Ethereum had very few corporate values, which some Bitcoin community does not like.
The discussion attracted Mr. “Changpeng Zhao,” the CEO of Binance who responded to Twitter, describing it as a bad redirect. He asked them to focus on the discussion while Binance focused on building.
Mr. Samson Mao, CEO of Pixelmatic, interacted and gave his opinion on the discussion, saying that the conversation is not the essence of the Binance platform.
Nischal Shetty, CEO of the Indian platform “WazirX” recently acquired by Binance, also entered.
He criticized them, saying why could not anyone be precise about the source code of the Binance decentralization platform, to see the progress made.