23 Aug 2021 8:57 AM +00:00

Solana Roadmap: What New Updates Are Coming To Solana?

Solana has taken the crypto-world by storm, breaking into the top 10 cryptocurrencies. But what updates are coming in the future?

Several cryptocurrencies have vital upgrades set for later this year, such as the Cardano Smart Contract release and Bitcoin Taproot upgrade. We might even see further updates ahead of Ethereum 2.0.

But for now, let’s stick with Solana. Here’s a look at the Solana roadmap and future updates.

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Solana Roadmap

As of August 2021, there remains only one item to complete on the Solana roadmap -the full mainnet release.

Elsewhere, It appears there are proposals for on-chain governance, alongside several GitHub projects in progress. However, development appears to have slowed down in recent months.

This doesn’t mean development is over. In June, Solana Labs successfully secured $314 in funding via a private token sale. According to its press release, Solana Labs will use this funding to accelerate dApps development and platform building. The company will also launch an investing arm and trading desk for the Solana network.

Looking to the future, Solana Labs CEO and Co-Founder Anatoly Yakovenko said:

The next phase is onboarding a billion users. Solana was built from the ground up to accommodate this scale. With this funding, Solana Labs is now positioned to bring in the right partners and capital to build products and tooling to get there.

We’ll update this page when any concrete plans get announced.

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Solana Mainnet Full Release Date

The Solana mainnet beta first launched in February 2020. Since then, it has yet to officially leave this beta period.

However, it appears the mainnet is a beta in name only. Responding to a Reddit post, one Solana moderator said:

Everything works exactly like Mainnet, "Beta" means that it is still developing while the main functions are 100% operational! It's just a word that could be removed at any time or even stay there for a while, think about when Gmail was in beta for about 3 years.

In another response, the same moderator said:

We will keep the suffix "beta" for a year or so because we want to check the mainnet stability in the long term and make sure we have a great product.

As this post is dated March 2021, we could expect the removal of the beta suffix to happen in March 2022.

Read More: Deflationary Cryptocurrency: Is Bitcoin Or Ethereum Deflationary?

[Featured Photo by Executium on Unsplash]