Solana co-founder said last week’s 1.14 network update has raised concerns about maintaining stability during major updates.

Solana Labs will make improvements to its software upgrade process to ensure network reliability and uptime, co-founder Anatoly Yakovenko said on Tuesday.

“Delivering a fast, reliable and scalable network in order to move toward a better, decentralized web remains a top priority,” Yakovenko said. “The issues around last week’s 1.14 network update – which focused on improvements for speed and scale – made it clear how maintaining stability during these major updates remains a challenge.”

Yakovenko said last week’s 1.14 network update had raised concerns about maintaining stability during major updates.

Prior to the 1.14 release, core engineers were working on fixing problems that were impacting the network’s speed and usability, such as invalid gas metering, lack of flow control for transactions, and lack of fee markets, among other more technical issues. These issues were prioritized to improve user experience.

But following the latest release, core engineers plan to bring in additional external developers and auditors to test and find exploits. They will also form an adversarial team comprising almost a third of the Solana Labs core engineering team.
The core engineers will continue supporting external core engineers, including Jump Crypto’s Firedancer team, which is building a second validator client.

Additionally, core engineers plan to improve the restart process by making nodes automatically discover the latest confirmed slot and share the ledger with each other if it is missing. Solana Labs and third-party core engineering teams have been working to improve the network over the past year, with a focus on stability.

“For example, Jump Crypto’s Firedancer team is building a second validator client to increase the network’s throughput, efficiency, and resiliency. Mango DAO developers are focused on the tooling needed to build on Solana,” Yakovenko said.

The comments came following a lengthy weekend outage for the Solana blockchain. The problems that started as sluggish transaction processing spiraled into a near-complete shutdown of activity on Solana. Developers said Monday the reason for a network-wide outage over the weekend was still unclear but investigations are ongoing.

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Solana’s SOL token is an unregistered security whose insiders have benefitted while retail suffered, the suit alleged.

A class action suit filed in California federal court last week accuses key players in the Solana ecosystem of illegally profiting from SOL, the blockchain’s native token that according to the suit is an unregistered security.

“The cornerstone of the value of SOL securities is the sum of Solana Labs, Solana Foundation, and [Anatoly] Yakovenko’s management and implementation of the Solana blockchain,” the suit alleged. It described SOL as a highly centralized cryptocurrency that has benefited its insiders to the detriment of retail traders.

Filed by California resident Mark Young, who said he bought SOL in late summer 2021, the suit names Solana Labs, the Solana Foundation, Solana’s Anatoly Yakovenko, crypto VC giant Multicoin Capital, Multicoin’s Kyle Samani and trading desk FalconX.

A Solana spokesperson declined to comment. Multicoin and FalconX did not immediately respond to a request for comment.
According to the complaint, Young alleges that the way SOL was created and sold meets the three tenets of the Howey Test, a U.S. Supreme Court precedent commonly used as a barometer for whether the sale of something is a security or not.

“Purchasers who bought SOL securities have invested money or given valuable services to a common enterprise, Solana. These purchasers have a reasonable expectation of profit based upon the efforts of the promoters, Solana Labs and the Solana Foundation, to build a blockchain network that will rival Bitcoin and Ethereum and become the accepted framework for transactions on the blockchain,” the filing said, addressing the three forks of the Howey Test.

In the filing, Young pointed to several sales of the SOL token or agreements to sell the SOL token ahead of the public sale of the token.

Solana Labs filed a Form D with the U.S. Securities and Exchange Commission (SEC) (a filing saying the sale was of securities exempt from SEC registration), noting the company was selling “the future rights” to around 80 million SOL, according to the filing.

Multicoin, a major crypto venture capital firm that has invested heavily across the Solana ecosystem, “offloaded millions of dollars of SOL” onto retail after “relentlessly” promoting the token in spite of Solana blockchain’s tech issues, the suit alleged. This alleged offload passed through FalconX OTC desks, the suit said.

Young’s law firm Roche Freedman also recently filed suit against Binance.US for allegedly misleading investors during the Terra implosion. A lawyer for Roche Freedman did not pick up the phone.

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