Snowden emphasized that Solana has technological advantages in terms of speed and efficiency, but at the cost of decentralization.
Solana put forth a good idea: What if we centralized everything? Faster, more efficient and cheaper. ....... No one uses it, except for memes and scammers, Snowden noted.
His criticism sparked a heated debate in the crypto community, emphasizing that the platform is focused on performance, not #decentralization , a fundamental principle of #blockchain . The Solan centralization debate is not new. Cryptocurrency advocates have long pointed out that the platform's governance structure is too centralized.
a short time ago, a prominent Cardano supporter presented evidence that over 73% of #Solana validators are KYC and AML compliant. These validators are subsidized by Solana's Stake-o-matic tool, which makes the network look like a traditional financial institution rather than a decentralized blockchain.
Despite these concerns, Solana's own token, #SOL , has seen significant growth: at the time of writing, its trading price has reached $145, up 10% over the past 30 days.
Snowden's criticism comes at a time when Solana is attracting attention for its low transaction costs and high processing speed, and industry analysts, including VanEck, predict that Solana's market value could rise sharply due to its high transaction efficiency, and SOL's price could rise to US$330. They forecast the SOL price to rise to US$ 330.
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