Solana

Bitcoin

<p>**Edward Snowden, the former US intelligence contractor turned whistleblower, has ignited a firestorm in the cryptocurrency world. At the TOKEN2049 conference in Singapore, he launched a scathing critique of [Solana](https://yellow.com/asset/sol), a popular blockchain platform.** Snowden's [comments](https://bitcoinist.com/edward-snowden-solana-centralized-system-scams/) came during a Q&amp;A session following his speech on "The Next Threat to Speech". He drew a sharp contrast between [Bitcoin](https://yellow.com/asset/btc)'s design philosophy and Solana's approach. "When you look back at the Bitcoin whitepaper, I think what you see is an adversarial approach to the system," Snowden said. He argued that this approach is crucial for blockchain security. Turning to Solana, Snowden did not mince words. "Solana is taking good ideas and they're just going, well what if we just centralized everything?" he stated. "It'll be faster, it'll be more efficient, it'll be cheaper, and yeah sure it is, you're right, but nobody's using it but for meme coins and scams." Snowden's primary concern centered on the potential for government control. He warned that Solana's architecture could make it vulnerable to external intervention. "If anybody puts anything significant on it and then all the states begin moving towards it, it's going to be a system that has levers that people can simply just take from you," he cautioned. The whistleblower emphasized the need for "adversarial thinking" in blockchain design. This approach, he argued, is essential given increasing regulatory scrutiny of crypto platforms. Snowden's remarks promptly drew a response from the Solana community. Mert Mumtaz, CEO of Helius Labs, a Solana-based project, challenged Snowden's assertions on social media. "Snowden seems to think Solana is centralized—while giving zero data to back it up," Mumtaz wrote. He called for critics to provide concrete evidence of vulnerabilities in Solana's network. Mumtaz acknowledged that Bitcoin and [Ethereum](https://yellow.com/asset/eth) have higher levels of decentralization. However, he argued this doesn't necessarily render Solana vulnerable to centralized control. The Helius Labs CEO highlighted recent developments in Solana's client diversity. He pointed to the deployment of new clients that he claims further decentralize the network. Mumtaz concluded his rebuttal with a challenge: "If the network is so centralized, it's worth tens of billions—go attack it if you can!" As the debate unfolds, it underscores the ongoing tensions in the crypto world. The balance between security, speed, and decentralization remains a contentious issue for blockchain platforms. Snowden's critique and the subsequent backlash highlight the high stakes in this technological arms race. While cryptocurrencies gain mainstream attention, the industry faces increasing pressure to address concerns about centralization and security. The controversy serves as a reminder of the complex challenges facing blockchain developers. As they strive for efficiency and scalability, they must also safeguard the decentralized ethos that underpins the crypto movement.</p>

Snowden Blasts Solana Over Centralization, Community Reacts Fiercely

Yellow News

Other articles published on Oct 16, 2024

Japan’s Metaplanet Expands Bitcoin Holdings to $40.5M With Another 108 $BTC Purchase

MoonPay Partners with Ripple for Seamless XRP Buying and Storage in-App

Radiant Capital halts lending after exploit

Why Is Ripple Co-founder Backing Kamala Harris Despite Criticism

XRP Threatened? This New Legal Twist Could Change Everything For Ripple

Praxis gets $525M for utopic crypto, AI-friendly city

Join our free newsletter for daily crypto updates!