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Solana Under Fire Again — Expert Reveals Why It Isn’t Out Of Beta Yet

  • A recent public scrutiny has emerged around Solana, as it still labels its mainnet 'beta' after more than five years of launch.
  • The scrutiny revolves around the beta tag, transparency of Foundation wallets, and client diversity on Solana's validator network.
  • The CEO of Helius Labs, Mert Mumtaz, argues that Solana's beta label is arbitrary and meaningless, given its scale and revenue.
  • The debate between Mumtaz and critic Balarchrex also touched upon the transparency of the Solana Foundation's holdings and the presence of multiple clients on the mainnet.

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