Gavin Wood had plenty to say about the Solana blackout that occurred between Tuesday and early Wednesday.
Events of today in crypto just go to show that genuine decentralisation and well-designed security make a far more valuable proposition than some big tps numbers coming from an exclusive and closed set of servers. If you can't run a full-node yourself then it's just another bank.
— Gavin Wood (@gavofyork) September 14, 2021
As a result, problems on the decentralized network were addressed through a centralized and coordinated approach. According to Dr. Wood, blockchain networks’ outstanding throughput should not come at the cost of centralization.
Gavin Wood argued that it is merely another bank if TPS is realized without the usage of a distributed network of nodes.
Earlier on Wednesday, the Solana mainnet went back online after being offline for a total of 20 hours. Per the Solana Foundation, the recovery time of dApps and exchange activities would take a few hours.
Solana (SOL) price is again rising: at the time of posting, it is trading a 12 percent increase over the local bottom, or at $160.