- It is a copy of the network with a new set of rules and parameters
- With a rebranding, Solana could solve problems with the SEC
- The community has even suggested a name for the project, Solami
- But it is too early to tell what concrete steps to take
The Solana community is brewing with the idea of a fork, to eliminate any potential legal problems all at once. It was prompted by an attack on the ecosystem by the SEC, which classified SOL as securities.</nbsp;
We previously covered Solana’s official response to this. There you will also find a graph of the fall in the price of the asset against the backdrop of regulatory pressure. The Solana Foundation disagreed, but that’s all for now.
A potential solution to the problem has been suggested by the community. The co-founder of Degen Picks, nicknamed “capsjpeg,” came up with the idea of a fork.. The closest analogy is Ethereum Classic.
There was even a vote under this post with options for naming the new project. The “Solami” option won.
A few influential members of the community supported the idea. They include “HGEABC,” the founder of Abracadabra. He also noted that the Solana Labs team would have no other option if the SEC (Securities and Exchange Commission) filed a direct lawsuit.
“It’s 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 get a new token. And it won’t be the same SOL. You can avoid legal problems with the SEC by rebranding. ETH did that back in 2017.” – One commenter noted.
The fork idea has quite a few supporters. But it’s too early to talk about concrete steps because the community doesn’t even have a clear plan, let alone a roadmap.