Snowden calls Solana a centralized chain used for ‘meme coins and scams’
"Solana is taking good ideas and going, 'What if we just centralized everything? It'll be faster, more efficient, cheaper… and yeah, nobody is using it except for meme coins and scams," Snowden remarked
Edward Snowden, the former NSA whistleblower, openly criticized the Solana blockchain network for its centralization. Speaking at the Token2049 conference via video link, Snowden expressed concerns about Solana's operational model, describing it as a system vulnerable to manipulation by nation-states and bad actors due to its centralized structure.
Snowden emphasized that while Solana boasts technological advantages in terms of speed and efficiency, these come at the cost of decentralization.
"Solana is taking good ideas and going, 'What if we just centralized everything? It'll be faster, more efficient, cheaper… and yeah, nobody is using it except for meme coins and scams," Snowden remarked.
His critique highlighted the platform's focus on performance over the foundational blockchain principle of decentralization, sparking heated debate within the crypto community. The debate over Solana's centralization is not new. Crypto advocates have previously pointed to the platform's governance structure as overly centralized.
