Solana Community Passes Proposal to Double Validators’ Priority Fees
Tuesday, 28 May 2024, 10:26
Solana Community Passes Proposal to Double Validators’ Priority Fees
The recent decision by the Solana community will have a significant impact on how priority fees are allocated within the network.
Key Highlights:
- Elimination of Burn: All priority fees will now be directed to validators, eliminating the 50% burn previously in place.
- Improved Security: The move aims to enhance network security by providing more incentives for validators.
This development marks a major shift in the Solana ecosystem and highlights the community's focus on network integrity and security.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.