Solana validators to receive full priority fees as SIMD-0096 proposal gains approval | Headlines | News | CoinMarketCap

05/28/2024 13:38
Solana validators to receive full priority fees as SIMD-0096 proposal gains approval | Headlines | News | CoinMarketCap

Solana validators voted in favor of Solana Improvement Documents (SIMD)-0096, a proposal to send all transaction priority fees to validators for the …

Solana validators voted in favor of Solana Improvement Documents (SIMD)-0096, a proposal to send all transaction priority fees to validators for the blocks they produce — instead of the previous 50/50 split between burning fees and rewarding validators. 

This proposal aims to improve incentives around how validators receive priority fees, helping with network security. SIMD-0096 may also eliminate possible side deals between block producers and transaction submitters, improving incentives within the validator system.

"This ensures that validators are appropriately incentivized to prioritize network security and efficiency, rather than being incentivized to engage in potentially detrimental side deals," the original proposal stated.

The proposal received 77% support in an on-chain …

Read more --->