Post
Topic
Board Altcoin Discussion
Topic OP
Avalanche is NOT listed as a security (SEC)
by
Master of Shitcoins
on 17/06/2023, 15:56:37 UTC
Maybe you have heard about SEC requirements for centralized Altcoins because many Altcoins are operated in a very centralized way.
If such Altcoins are too centralized, it’s not a decentralized cryptocurrency and such centralized Altcoins need to be SEC-registered to meet all requirements for security reasons, like if a big hack occurs at Terra Luna.
In opposite, decentralized cryptocurrencies can’t be hacked in a centralized way because of decentralization.

Here’s a list, which centralized coins are affected:

Quote
SEC Allege the Following Coins Are Securities in Coinbase Lawsuit

SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO
https://twitter.com/tier10k/status/1666055678610292737

Bitcoin, Ethereum and Avalanche are NOT affected.


SEC doesn’t consider Avalanche a security because Avalanche is a decentralized coin

Avalanche is a very decentralized network, where many people are participating and because of Avalanche’s decentralization. Avalanche has implemented a modern technology, called repeated subsampling, where all nodes can be scaled massively, making Avalanche network very decentralized.
Every coder can set up a node, so it is very decentralized.
Like Ethereum, Avalanche is already decentralized enough to be not considered to register for SEC documents. In opposite, many centralized Altcoins are due to get registered, which can take a long time for such a procedure, where many coins will lose market positions.

Bitcoin, Ethereum and Avalanche are not required to do so.

It is huge bullish news for Ethereum and Avalanche.  Smiley