So, not secured by Ethereum.
For added context, since that is posted to r/ethereum, I’m undecided why this can be a framed as a constructive factor. xDai is a side-chain as a lot as Binance Chain is, I can’t validate my very own transactions.
I’d have the identical response if 1inch posted their migration (launch) on Binance Chain right here, it’s not that related to Ethereum and personally I’m not in favour of celebrating cheaper transactions that I cant validate myself. Name me a purist all you need however that is nearer to saying “Rejoice! Cheaper memberships on MyCrypto by means of PayPal” than it’s “Safety at a decrease price! MyCrypto now accepts Layer 2 membership funds”
We needs to be educated on this and perceive the distinction between dPoS and true decentalisation; on one I can take part within the community myself, on the opposite I can’t.