- This is a copy of the network with a new set of rules and parameters
- With a rebrand, Solana could solve problems with the SEC
- The community even suggested a name for the project – Solami
- But it is too early to talk about concrete steps
An idea is brewing in the Solana community to fork in order to immediately eliminate any potential legal problems. The reason for it was the attacks on the ecosystem by the SEC, which classified SOL as a security.
We previously covered Solana’s official response to this. There you will also find a graph of the fall in the price of an asset against the backdrop of regulatory pressure. The Solana Foundation expressed their disagreement, but that’s all for now.
A potential solution to the problem was proposed in the community. Co-founder of the Degen Picks project with the nickname “capsjpeg” spoke with the idea to fork.
Recall that here we are talking about a “branch” from the network. The closest analogy is Ethereum Classic.
Under this post even appeared vote with options on how to name the new project. The “Solami” variant won.
idea supported several influential members of the community. Among them is HGEABC, the founder of Abracadabra. He also noted that the Solana Labs team would have no choice if the SEC (Securities and Exchange Commission) filed a direct lawsuit.
“This is a copy of the chain, but with a different set of rules and parameters. So, for example, you can block FTX accounts and they will not receive a new token. And it won’t be the same SOL. You can avoid legal problems with the SEC by rebranding. ETH did it back in 2017.” — noted one of the commentators.
The fork idea has quite a few supporters. But it’s too early to talk about specific steps, because the community doesn’t even have a clear plan, let alone a roadmap.