How is The Solana Foundation Decentralizing the SOL Blockchain?
The Solana Foundation is a non-profit organization that aims to improve the Solana ecosystem. While the Solana blockchain is best known for its high performance, it’s often fallen short of its peers regarding decentralization and security.
Even though the Solana network’s decentralization and stability have been improving, and the ecosystem’s thriving DeFi and NFT scene continues to explode, there’s still plenty of work to do.
What is the Solana Foundation, and what is the Switzerland-based entity doing to improve the Solana blockchain?
Let’s think back to Bitcoin creator Satoshi Nakamoto’s original vision and everything that blockchain technology stands for. Decentralization, censorship resistance, and permissionless custody and asset control are all central pillars of the crypto world.
The Solana Foundation is responsible for ensuring that these virtual data are upheld and that the Solana network remains a fair and distributed blockchain that is safe to use.
A separate body from Solana Labs, the Solana Foundation was officially founded in April 2020, just a few weeks after the launch of the Solana mainnet. The Foundation was given all IPs related to the protocol and tasked with preparing the ecosystem for mass adoption.
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