Altcoins News

Story: Are these Criticisms About Solana (SOL) True?

By Dan Saada

1 / 9

Lucid expressed: Just for everybody out there who doesn't already know this. Solana is a centralized organization that runs everything inside of a couple of computers controlled…

2 / 9

The centralization allows for a little bit of faster transactions but you are sacrificing your own freedom and security going for a venture capitalist funded pumper coin.

3 / 9

I would even go further saying that it isn't a blockchain at all. At least not one by my standards.

4 / 9

You've seen how the governments and certain platforms have been trying to silence and block everybody that doesn't agree with them.

5 / 9

Whereas Cardano is an actually decentralized blockchain with thousands and thousands of stake pool operators all working together to decentralize your value and keep it safe from…

6 / 9

Others who had their own say: Solana heads only care about slowing down what they could be doing on AWS directly without a Blockchain.

7 / 9

When I learned that they bake in all confirmations to gauge transaction speed that's when I really looked under the hood.

8 / 9

Well it's only centralized when they want to turn it off and back on again, otherwise it's totally fine.

9 / 9

Previously, Pencilflip.SOL gave an insight to the concern?

The Currency Analytics

Want the full story?