Review on Balancer by Özgün A
Should we still trust the Balancer token?
Balancer (BAL) token, like most tokens, is built on the Ethereum network. Cryptocurrency users can create multiple assets at the same time (within the same coin pool).
Balancer (BAL) was heavily attacked and suffered a huge loss. Many Balancer (BAL) token users lost their money. This is a very sad situation. Since many hackers know the weak points of crypto currencies, they are constantly attacking and many crypto currency users suffer from this situation. This is the biggest problem of decentralized, uncontrolled structures. When users lose a lot of money, they understand the lack of decentralization, but it gets too late.
I think the decentralized structure needs to be in control. If not checked, there will be a lot of fraud. Because new cryptocurrencies are born every day. And the risk is getting bigger. Because the user who lost his money cannot seek his right. Few of the world's governments support cryptocurrency. However, despite these circumstances, the price of the Balancer (BAL) token has increased. I think users were interested.
To conclude: Uncontrolled power is not power.
Pros
- Despite the hacker attack, its value increased
- Users prefer
- Multiple transactions can be made within the same money pool
Cons
- Has too many vulnerabilities
New products
Comments (1)
November 27, 2020
Although there are a lot of security gaps, I still think it should be trusted. Not only that. Because I see it as an advantage to make more than one transaction in the same money pool. Thank you buddy. Health in your hands for this view
