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Bad Actor Leaving Makes Ecosystem More Decentralized: Solana Co-Founder

Published 2022-12-29, 01:07 p/m
Updated 2022-12-29, 01:15 p/m
© Reuters.  Bad Actor Leaving Makes Ecosystem More Decentralized: Solana Co-Founder

  • CEO Raj Gokal says Solana’s otherwise passionate community was infected with mercenaries and grifters.
  • Solana (SOL) has seen a sharp fall of nearly 95% year-to-date.
  • At the time of writing, it is trading at $9.41.

Amid the Solana crisis, Cofounder Raj Gokal believes that every bad actor leaving this ecosystem makes it even more decentralized.Early today, Gokal tweeted:

Past couple of years, Solana’s otherwise passionate community was infected with mercenaries and grifters. Like a bad virus, they needed to be killed. Fevers are painful, but you’re glad when they break quickly. Every bad actor washing out of this ecosystem makes it more decentralized.

Recently, Solana co-founder Anatoly Yakovenko said that even though there is a clear bear market, people do show up at crypto events like BreakPoint.

Yakovenko added that crypto projects are still building and growing. He further asserted that over the next year, crypto products launching would be ‘more than all the other years combined’.

Solana (SOL) has seen a sharp fall of nearly 95% year-to-date and is trading at $9.41, at the time of writing. It was last in February 2021, that the crypto traded less than $10.

Gokal’s positive views on Solana come during the crucial backdrop of the recent collapse of crypto exchange FTX ...

The post Bad Actor Leaving Makes Ecosystem More Decentralized: Solana Co-Founder appeared first on Coin Edition.

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