apols its a bit technical. its not ok to say "the binance chains dont look like real blockchains and fail basic token history audits" without proper evidence
so this is v clear. ppl should feel free to correct me but be specific and clear. note i link & quote code + specific txs
there are 2 chains: 1 is a geth fork w/ smart contracts. 1 is cosmos fork w/ built-in dex & other bits
both v heavily modified. the geth fork for example includes hard coded "genesis contracts" which interact w/ cosmos chain in the dark. + more oddness
arguably not blockchains
when @cryptohippo65 says they see balances without transfers they are correct. here is a transfer of 200k bnb into the token hub on the geth side
it gets worse. there is not even a way to check for incoming cross-chain on the cosmos side. this is why ppl see balances without transfers: even if they work they arent shown clearly.
im able to find old transfers into the bridge (hub) because i have a full node running. here it gets super suspicious.
remember i said the bsc geth thing is heavily modified? they also suspiciously recommend you run nodes from large snapshots
using the snapshots requires a pruneancient flag that definitely does not exist in normal geth
it is antithetical to the the whole idea of blockchains to do this
two things to note. first, you can see clearly that sending and receiving across the chains are implemented differently. this explains why the explorers are not symmetric.
worse, the code versions referenced in the hard-coded pre-compiled byte code often look wrong. the latest "gibbs" upgrade uses different code for the main and test nets.
committing byte code is weird enough. but using different version for test and prod? hm
we can now see for sure there are magical transfers between systems and these are not auditable.
or, i guess, they are auditable and they fail.
the supply of bnb does not appear to be consistently mananged across both halves of the "binance chain complex"
and the quantity of tokens in the geth-side's hub does not match the circulating supply on the cosmos side.
plus the geth side shows an additional 24mm tokens somehow?
binance reports a number close to the bnb chain
maybe thats a timing difference
but none of this adds up.
to answer @ander_hk 's question: lots of stuff here does not look to have a verifiable history. its probably not fair to call this a "blockchain" anymore
you can consider yourself an honorary technical crypto bro for having proper intuition
now that more and more of this becoming is public - or at least people are noticing and mentioning in public - its worth mentioning a few things about banking
the first, of course, is that lying about what you use a bank account for is a, um, problem in every country