What Binance Smart Chain’s Lagging Performance Means for Layer 1 Blockchains

Nate George, crypto asset analyst at Cumberland, the Chicago-based crypto trading unit of DRW Holdings LLC, argued that in developing layer 1 blockchains, one of the three fundamentals, scalability, security and decentralization, has to be sacrificed to optimize the other two, a so-called blockchain trilemma. In BSC’s case, decentralization was sacrificed.