Written by Michael Millard staff writer Edited by Bryan O'Shea staff editor Written by Michael Millard staff writer Edited by Bryan O'Shea staff editor Solana shows resilience, but some areas need continued observation, Fidelity says Latest News Published Oct 17, 2026 Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report. Solana has made significant progress in terms of network health across resilience, economic security and performance indicators, according to a Fidelity report. Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software could threaten this, according to the report by Fidelity’s Center for Applied Technology (FCAT). The report said economic security was supported by substantial staking participation and incentives that reward validator performance. Low latency, expanded capacity and inexpensive transactions also support practical use at scale. Related: Solana Foundation hires ex-Binance CMO and payments exec as new partnerships expand Still, it noted that several areas surrounding decentralization and resilience warrant continued observation, including stake concentrates among a small number of validator identities and operators. Cointelegraph reported on Aug. 21 that Solana had reduced its slot time to 350 milliseconds, marking the first such reduction since the inception of the network, according to the Solana Foundation’s vice president of technology, Jacob Creech. In June, the Solana Foundation shared plans to reduce slot times to 200ms, arguing that it would improve latency and accelerate confirmations on the blockchain network. Three further 50ms reductions are planned. Magazine: France is world’s most dangerous place for Bitcoiners: 90 attacks in 7 months Subscribe to daily byte-sized crypto news from Cointelegraph Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Solana Blockchain More on the subject Balaji’s ‘Singapore of social media’ begins with a wave of bans Oct 16, 2026 Felix Ng Polygon gains US payments licenses after closing Coinme deal Oct 15, 2026 Felix Ng ‘Bunker mode’ won’t protect your crypto, critics say Oct 14, 2026 Christina Comben Balaji’s ‘Singapore of social media’ begins with a wave of bans Oct 16, 2026 Felix Ng Polygon gains US payments licenses after closing Coinme deal Oct 15, 2026 Felix Ng ‘Bunker mode’ won’t protect your crypto, critics say Oct 14, 2026 Christina Comben

Written by Felix Ng staff editor Edited by Yohan Yun staff editor Written by Felix Ng staff editor Edited by Yohan Yun staff editor Balaji’s ‘Singapore of social media’ begins with a wave of bans Latest News Published Oct 16, 2026 Network School founder Balaji Srinivasan wants to turn Farcaster into a haven for well-mannered techno-optimists. He had to do a bit of housekeeping first. Balaji Srinivasan’s Network School has begun its reign over the decentralized social platform Farcaster. Its first order of business? An apparent wave of bans that has prompted backlash from members of the decentralized social network. Network School on Thursday announced it has acquired Farcaster from Neynar, rebranding it as the Network State Protocol. The same day, several users said on X that their Farcaster accounts had been restricted to “read-only,” as a result of previous posts that broke its new rules. “I know most of these folks. They shaped Farcaster with their quirks and wit,” said Kunal Gandhi, former India ecosystem lead at Eigen Labs. “Obliterating accounts from the get-go for past posts is pretty silly. Goes against the ethos of decentralized social.” The overhaul is the latest attempt to find a sustainable direction for Farcaster, which is changing hands for the second time this year. Co-founder Dan Romero said the platform had 250,000 monthly active users in December 2025. Balaji wants the ‘Singapore of social media’ In a post to Farcaster on Thursday, Srinivasan said the bans were part of plans to turn the reference app into “the Singapore of social media,” a positive-sum community of techno-optimists that operate under a shared code of conduct. One of the first steps was to institute “law and order,” he said. “In the pre-Internet world, it was simply unheard of to run up to a stranger and start cursing at them. We’re restoring that offline norm online.” “Much like how President Bukele jailed a small fraction of repeat offenders to essentially eliminate crime in El Salvador, we’ve moderated out the small fraction of repeat offenders that have been muted or blocked by many accounts to stop random attacks within this Farcaster reference client.” Srinivasan said both humans and AI were used to go through millions of posts to determine those to ban, adding there is an appeals process in place for them. Rewarding “pro-social behavior” Under Network School’s vision for Network State Protocol, users opt into a “social smart contract” authorizing its core team to set the app’s rules. Its accompanying “Network Code” classifies violations as digital felonies, misdemeanors or infractions, with penalties ranging from warnings and suspensions to bans. The rules apply to past posts as well as new ones. The code also promises rewards for constructive behavior, including teaching others, sharing projects and disagreeing civilly, although it does not specify what those rewards entail. Related: Farcaster to return $180M to investors following Neynar takeover Network School says an open-weight AI model will apply the rules, with some manual judgment calls, and eventually wants to warn users of potential violations before they post. The underlying Farcaster protocol will remain open, according to the announcement. Users who decline the contract will have read-only access to the main app but retain their keys, funds, followers and post history, allowing them to move to another client. Srinivasan described this ability to join, leave or build competing clients as “decentralized democracy.” The eventual ambition extends beyond social media. Network School said its goal is for the online community to take physical form through meetups and pop-up events, ultimately developing into startup cities and network states. Network School’s acquisition of Farcaster comes months after Malaysian authorities revoked its Forest City business licence and ordered it to cease operations, citing alleged licensing and premises-use violations. Srinivasan subsequently announced an agreement to establish a campus in Kazakhstan. Magazine: Scammer loses $4.8M stored on tampered Ledgers: Asia Express Subscribe to daily byte-sized crypto news from Cointelegraph Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. 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