Solana Stands Firm: No Fork in Response to SEC Lawsuit
Amidst the recent SEC lawsuit classifying SOL token as a security, rumors have circulated on Twitter speculating about a potential hard fork as a means to address regulatory concerns surrounding Solana.
However, developers associated with Solana have promptly dismissed any discussions of a hard fork.
Matías Kudelski, a code auditor for Solana and developer of the Star Atlas metaverse, stated unequivocally, “I work on the largest Solana project with more than 10 developers, and nobody is discussing a hard fork.”
HGEABC, a pseudonymous shareholder of prominent NFT platforms and contributor to Hadeswap, expressed a similar sentiment. He confirmed that the notion of a hard fork is merely an idea circulating within the community, lacking serious consideration from developers or the foundation.
HGEABC, skeptical about the concept, particularly highlighted concerns over potential motivations to remove Alameda Research’s locked tokens. Delphi Digital reports that the trading desk founded by Sam Bankman-Fried holds a locked stake of 8.2% of SOL’s total supply.
This significant percentage raises questions, as the tokens are likely to be liquidated once they become unlockable in 2025 due to the company’s ongoing bankruptcy proceedings.
While acknowledging that a hard fork could enhance protocol decentralization, HGEABC noted that there are still individuals on Twitter who favor the idea.
Matías Kudelski, a code auditor for Solana and developer of the Star Atlas metaverse, stated unequivocally, “I work on the largest Solana project with more than 10 developers, and nobody is discussing a hard fork.”
HGEABC, a pseudonymous shareholder of prominent NFT platforms and contributor to Hadeswap, expressed a similar sentiment. He confirmed that the notion of a hard fork is merely an idea circulating within the community, lacking serious consideration from developers or the foundation.
HGEABC, skeptical about the concept, particularly highlighted concerns over potential motivations to remove Alameda Research’s locked tokens. Delphi Digital reports that the trading desk founded by Sam Bankman-Fried holds a locked stake of 8.2% of SOL’s total supply.
This significant percentage raises questions, as the tokens are likely to be liquidated once they become unlockable in 2025 due to the company’s ongoing bankruptcy proceedings.
While acknowledging that a hard fork could enhance protocol decentralization, HGEABC noted that there are still individuals on Twitter who favor the idea.
