BNB Smart Chain: who orders transactions?

Who controls it

Transaction ordering

A small validator set, permissioned in practice and aligned with Binance

Escape hatch

n/a

Upgrade authority

In practice, one corporate group controls it.

Halts and outages

The operators halted the chain on purpose in response to an exploit.

Ketju assessment

Ketju does not approve BNB Smart Chain: its validator set concentrates around one company, and its operators have halted the chain on purpose. The verdict matters because about $2.9B of USYC sits on BSC. A client seeking tokenised income could follow the liquidity onto BSC, and this verdict covers that case.

Review triggers

• None: Ketju does not approve this chain.

Each trigger names a fact anyone can observe. If one occurs, Ketju will review the assessment again. None is a forecast.

Questions before use

1. Does the client’s thesis require censorship resistance, or primarily low-cost settlement?
2. Can the client withdraw without help from the party that normally orders transactions?
3. Who can upgrade bridges or contracts, and what delay applies?
4. Does the asset introduce an issuer weaker than the chain grade?
5. What evidence will show a halt, censorship event, or governance change?