{"id":21446,"date":"2024-05-28T19:00:10","date_gmt":"2024-05-28T16:00:10","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21446"},"modified":"2024-05-28T16:26:37","modified_gmt":"2024-05-28T13:26:37","slug":"solana-validators-to-receive-full-priority-fees-after-governance-vote","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/solana-validators-to-receive-full-priority-fees-after-governance-vote\/","title":{"rendered":"Solana Validators to Receive Full Priority Fees After Governance Vote"},"content":{"rendered":"

Solana<\/a> validators will now receive 100% of priority fees from transactions, following a successful governance vote with over 77% approval. This change is designed to enhance network security and efficiency by providing validators with greater incentives.<\/p>\n

Previously, the priority fees were divided: half was burned and the other half went to validators. This led to some validators making unofficial deals with transaction submitters to gain more SOL<\/a>, as pointed out by the proposal creator, tao-stones, on the Solana governance forum.<\/p>\n

Validators play a crucial role in the Solana blockchain network by running software that confirms transactions and maintains security. Priority fees are extra fees that users can pay to have their transactions processed faster. The new model, implemented under Solana Improvement Document number 96 (SIMD-0096) and known as “Reward full priority fee to validators #34731,” ensures that all priority fees go directly to the validators.<\/p>\n

According to tao-stones, this change aims to keep validators more focused on maintaining network safety and smooth operation by providing them with a more straightforward and transparent reward system.<\/p>\n

Following the announcement of this governance decision, the price of SOL has risen by 1.6% over the past 24 hours, reaching $166 during Asian afternoon trading hours on Tuesday, according to CoinGecko.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Solana validators will now receive 100% of priority fees from transactions, following a successful governance vote with over 77% approval. This change is designed to enhance network security and efficiency by providing validators with greater incentives. Previously, the priority fees were divided: half was burned and the other half went to validators. This led to<\/p>\n","protected":false},"author":6,"featured_media":20518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel"],"yoast_head":"\nSolana Validators to Receive Full Priority Fees After Governance Vote - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Solana validators will now receive 100% of priority fees from transactions, following a successful governance vote with over 77% approval.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/solana-validators-to-receive-full-priority-fees-after-governance-vote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Validators to Receive Full Priority Fees After Governance Vote - 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