Solana network has had at least five complete or partial outages or service disruptions
The $100 million funds are intended to support gaming and DeFi startups
Solana’s study has been released by a firm that provides Process Quality Reviews (PQRs) for crypto and decentralized finance (DeFi) platforms, which was highly critical. “Due to repeated downtime, Solana has the second-worst final technical risk score among the 15 series ever reviewed,” it said.
Rather than auditing code or reviewing security, DeFiSafety focuses on the process behind the code and the quality of documentation. On-chain scores based on various criteria such as smart contracts and teams, documentation, testing, security, admin controls, and oracles are provided by the Canadian firm.
SOL has been labeled an “Ethereum killer” numerous times, but it has failed to deliver. Since January, the network has had at least five complete or partial outages or service disruptions in 2021.
The previous widespread outage occurred on June 1, when a bug prevented block production due to a consensus failure. DeFiSafety noted: “Solana’s base score is low. Despite a public software repository and some good documentation, their infrastructure relating to nodes is subpar.”