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Our Thoughts on Solana and Blockchain Decentralization by khaleelkazi

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @khaleelkazi · (edited)
$312.86
Our Thoughts on Solana and Blockchain Decentralization
<center>

[![](https://media.3speak.tv/gvxmkmyz/thumbnails/default.png)](https://3speak.tv/watch?v=khaleelkazi/gvxmkmyz)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=khaleelkazi/gvxmkmyz)

</center>

---

Solana has quickly risen as one of the top cryptocurrencies by market cap and one of the most hyped on the board as well.

Does it live up to this hype? There are a lot of questions surrounding Solana, it's begginings and the current status of chain decentralization. 

With all of these questions, we must also weight the incredible things happening on Solana:
- Insane increase in developer and founder activity
- VCs backing it to the moon with billions of dollars
- Fast and low-fee TXs

In this [clip](https://leofinance.io/@khaleelkazi), we talk about Solana and I ask Neal if he thinks the chain is decentralized - as he has more experience with it than @scaredycatguide and myself.

&nbsp;
https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png
&nbsp;

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<center><sub>**Earn a 16% APR on HIVE POWER and Support LeoInfra's Onboarding Efforts by [Delegating HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=leo.voter&vesting_shares=1000%20HP) to @leo.voter (Currently at 2M HP). We Use this to Claim Accounts and Delegate RCs to Newly Onboarded Users + Daily LEO Payouts to Delegators**</sub></center>

---

▶️ [3Speak](https://3speak.tv/watch?v=khaleelkazi/gvxmkmyz)
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@behiver ·
$4.75
Solana has risen very fast, but I think it became the NFT spam haven. Spammers and fake projects (or without any value) are booming everywhere to take your money. And it is very centralized and when they have a bug everything is frozen.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@behiver/re-khaleelkazi-3knnnr)
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@cyberdemon531 · 
Solana seems pretty chill, and there's always lessons to be learned from how chains explode in "value" and popularity for the next cycles, if SOL can reach these heights, HIVE absolutely can crush them IMO. Good clip!
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@gillianpearce ·
$5.06
A spectrum of decentralisation is an interesting concept and made me wonder . . .

Is true decentralisation currently even possible and how do coins like Monero fit into that?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@gillianpearce/re-khaleelkazi-5cagy1)
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@khalldroggo · (edited)
I'm not sure if Solana will be decentralized even if they claim to become so. A lot of sketchy upcoming Projects
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@hariton ·
I haven't looked at how Solana works but I think w...
I haven't looked at how Solana works but I think with this video,I know what am expecting

 Posted using [LeoFinance Mobile](https://leofinance.io)
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@michealb ·
$5.80
enjoy the short videos. thanks
👍  ,
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vote details (2)
@oriongg · 
Currency of the future? It is necessary to generate greater stability, a fall for more than 8 hours without production of blocks does not generate confidence.
we'll see what happens

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@oriongg/re-khaleelkazi-3apcyv)
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@poshtoken · 
https://twitter.com/shortsegments/status/1468149406809481220
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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@readthisplease ·
$4.73
I don’t think SOLANA is truly decentralization, ever since it’s network shut down for a couple of hours, I started doubting its decentralization
👍  ,
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@sapphirecrypto ·
$5.06
To be honest, if you bought SOL under $0.30 in early 2020 it really doesn't matter because as discussed, true decentralization doesn't exist and it is pretty fast and very cheap. It is what it is...

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@sapphirecrypto/re-khaleelkazi-eaeqc)
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@ssjsasha ·
$4.73
Didn’t they turn solona off for a while? Lol

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ssjsasha/re-khaleelkazi-6dsfko)
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@taskmaster4450le · 
Another "Killer" in the making.  Seems like we get the "next one" every year or so.

It is funny how things are really just matters of degrees.  There are levels of decentralization.  Would anyone say that Bitcoin is centralized?  I dont think so.  However, as was pointed out, it isnt as if tens of millions of people are mining on their phones.  There are major farms set up, controlled by large companies.

Is that decentralized?  It actually is similar to the existing monetary system where commercial banks are now very large institutions that create the money supply.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-khaleelkazi-4nrmp)
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@thethreehugs · 
Thanks for the info on Solana.   Sharing with a friend who has recommended it to several people.  Upvoted and rehived.
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@trostnandia.pob · 
Decentralisation of solana is very possible but my concern now is how it gonna work out
👍  
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@trostnandia.pob · 
In fact I really enjoyed the video. Thanks
👍  
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@urun · 
Solana is about making $, i don't think it will be a long-run big hit. Chain is too centralized for that and also really expensive to run.
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@whatsup ·
$4.76
Decentralization is the most over used and misunderstood word in crypto and I think people twist it to their own advantage.

Decentralization:  A good token distribution and a method of consensus on how to move forward, while still having enough stake to make decisions and move forward.   

Regarding SOL, I like it and I own it.  It works well.  There are many projects that have strengths and weaknesses, great discussion with lot's to think about it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@whatsup/re-khaleelkazi-64yvy9)
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@williamtboy · 
That's a very big move to Solana. We can't wait to see more of it move.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@williamtboy/re-khaleelkazi-7karko)
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@xabi ·
$1.54
Solana and Polygon is on my list after I got into Avax and Terra.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@xabi/re-khaleelkazi-63vtde)
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