The miner attack vector isn’t the only one. The system is completely centralized without even usable logging and auditing. Any transaction can be manipulated behind the scenes.
There is a shit ton of money in Hive Engine, Leo alone has a market cap of over $1M USD.
Even if HiveEngine was fully decentralized... if you only have one frontend to access the information then again you're trusting that frontend not to lie.
At least some of the information is on-chain and can be verified... but still... given how long this service has been up and running. Pretty sad.
Actually it isn’t. What is on chain is custom Json messages that cannot be trusted. Think of them as withdrawal or deposit slips. You can ask to withdraw $1M and fill out a slip but it doesn’t matter if your account doesn’t have the balance.
Yeah but if you are running your own node that knows the rules you can verify the custom JSONs as legit.
good point
exactly. that's why I never understood how splinterlands is considered a DAPP for example. there is not a single point of actual decentralization in it
Posted Using LeoFinance Beta
We use the term dApp very loosely in these parts.