Solana validators recently voted in favor of an improvement proposal called SIMD-0096. This proposal aims to send all transaction priority fees (additional fees paid by users to prioritize their transactions) in full to the validators producing these blocks, rather than the previous distribution where 50% was burned and 50% was given to the validators.
The purpose of this proposal is to improve the incentives for validators and ensure that they focus more on the security and efficiency of the network rather than seeking personal gains through off-chain transactions. The original proposal stated:
“The proposal received 77% support in the on-chain vote, with supporters including Jito, Helius, Solend, Everstake, and Stakehaus validators. However, there were also some validators who opposed this proposal, such as Step Finance, Triton, and Solana Compass.”
Priority fees are optional fees that users can choose to add to their transactions to ensure prioritized processing. The SIMD-0096 proposal suggests stopping the burning of these priority fees but still maintaining a 50% burn for regular transaction fees.
This proposal is expected to be implemented on the Solana mainnet in the coming months.
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