Anza Co-Founder Responds to Solana Centralization Concerns

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By BitcoinWiki News

Key Takeaways:

  • Solana blockchain crew moved team members to new entity called Anza
  • Focus on improving performance of Solana Labs validator client called Agave
  • Anza team plans to enhance Solana’s existing infrastructure and develop new applications and products
  • About half of Solana Labs’ 100 employees moved to advance the blockchain’s credibility as a decentralized ecosystem
  • Anza is unrelated to any happenings in the industry and part of long-term vision
  • Anza comprises several core engineers from Solana Labs and will become core contributors to other projects within ecosystem
  • FTX’s downfall in 2022 affected Solana’s token and associated with the “Sam Coins” tag
  • SOL, Solana’s native token, was affected by FTX’s downfall and dropped over 40% in a week
  • Solana has bounced back and traded at around $104 at the time of writing

Heading: The Launch of Anza – A New Solana Focused Dev Shop

Summary:
Solana blockchain team has established a new entity called Anza, which will focus on improving the performance of Solana Labs’ validator client called Agave. Anza comprises executives and engineers from Solana Labs and plans to contribute to major Solana protocols, enhance existing infrastructure, and develop new applications and products.

Heading: Anza’s Launch as Part of Solana’s Long-Term Vision

Summary:
Reports suggesting that the formation of Anza was a response to concerns about centralization following FTX’s regulatory issues are inaccurate. Anza has been part of Solana’s long-term vision, with work on the project beginning in Spring 2022. The new team, which includes core engineers from Solana Labs, will also become core contributors to other projects within the ecosystem.

Heading: How FTX Woes Affected Solana’s Token

Summary:
Solana’s move to form Anza follows a year of regulatory scrutiny triggered by FTX’s downfall in 2022. SOL, Solana’s native token, was associated with the “Sam Coins” tag due to support from disgraced FTX founder Sam Bankman-Fried. The news about Alameda Research holding a significant amount of SOL led to a 40% drop in SOL’s value in a week amid market concerns. However, Solana has since bounced back and was trading at around $104 at the time of writing.

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