From Nasdaq, Inc.:

Solana, a rapidly growing blockchain network, experienced severe disruptions early Tuesday, requiring engineers to push out a patch before 6 a.m. ET, and wait until 10 a.m. before validators were able to update the network to a new version of Solana’s source code to restart the chain. The network has experienced at least 11 total disruptions over the past two years. Solana is the fifth-largest DeFi chain by total value locked.

Solana’s network, often said to be running in “beta,” has never officially announced that it was leaving the beta testing phase. It has a large and committed user base and is the fifth-largest cryptocurrency on the market. Solana’s novel approach to blockchain architecture uses a custom-built “proof-of-history” algorithm to quickly process transactions. The project has a number of major upgrades planned to improve stability and user experience.

Solana’s developer community, including the non-profit Solana Foundation, has introduced various initiatives and projects to increase adoption. The foundation opened a store in the heart of New York City and offers a custom-made smartphone, with a cheaper version on the way. The network has developed a unique trading community with many homespun NFT projects and meme coins.

The project has survived the collapse of one of its principal backers and lead developer Anatoly Yakovenko is providing charismatic leadership. However, despite being actively onboard the world, the project still claims to be a “work-in-progress.” It might be time to retire the “beta” period acknowledgment as the live mainnet is open and accessible, similar to other fully developed blockchains like Ethereum, Zcash, and Cardano. The term “beta” is only walked out when something goes wrong, so it’s time to own these mistakes and implement the required solutions.



Read more: Can We All Stop Pretending That Solana Is in Beta?