Solana
Solana validators will get more SOL as fee proposal passes — TradingView News
Solana validators are expected to get a bit more SOL tokens after a governance proposal granting them 100% of priority fees passed Monday evening with 77% in favor, according to governance data.
Validators are important participants in a blockchain network because they run software to confirm transactions and maintain security. Solana Priority Fees are additional fees that users can pay to increase the likelihood that their transactions will be processed faster by the network.
In the previous model, half of the fees for a priority transaction were erased while the other half went to the validators. This created a situation where validators would enter into “side deals” with transaction submitters to obtain more SOL, according to proposal creator taostones on governance forum Solana.
Giving all priority fees to validators would ensure that validators focus more on the security and smooth running of the network, Tao-Stones said.
The proposal is part of Solana Improvement Document number 96 (SIMD-0096) and has now been implemented with a feature called “Rewarding Full Priority Fees to Validators #34731”.
SOL is up 1.6% over the past 24 hours, trading at $166 in Asian afternoon trading on Tuesday, according to CoinGecko.