Undoubtable the news about Solana's wallet hack has made it to your feed. It's hard to ignore. We're big on Solana here at PFFT, the project has attracted a lot of tremendously talented creatives, engineers and artists. While the news is certainly troubling, the technology of the blockchain is incredibly strong. So while the wallets may have an issue, we're still major fans of the chain.
We are using this opportunity to explain what it means to be 'anti-fragile'. The concept is fundamental to blockchain technology, though you will hear the concept other places. Anti-fragile means that when the item is broken, it is repaired in a way that makes that part stronger than it was before the break, and the same type of exploit can not happen in that same way again.
Older blockchains are more secure because they have gone through the earlier tests. Bitcoin and Ethereum have each been tested over and over by the many users finding new and unique ways to do things wrong. Those fixes have been in place for a while, and they have become stronger for the experience. We still have issues with the expensive gas fees of both chains, which is why we are fans of chains like Solana, but we will agree that the anti-fragile nature takes some fortitude to endure.
Here's a link outlining what we currently know about the wallet hack, so you can have more information.
We continue to press forward with all Web3 technology, with an eye to decentralizing entertainment. We'll just be patient with some of these initial growing pains.
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