{"id":13860,"date":"2024-05-28T12:03:28","date_gmt":"2024-05-28T09:03:28","guid":{"rendered":"https:\/\/forklog.com\/en\/solana-proposal-simd-0096-to-allocate-priority-fees-to-validators\/"},"modified":"2024-05-28T12:03:28","modified_gmt":"2024-05-28T09:03:28","slug":"solana-proposal-simd-0096-to-allocate-priority-fees-to-validators","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/solana-proposal-simd-0096-to-allocate-priority-fees-to-validators\/","title":{"rendered":"Solana Proposal SIMD-0096 to Allocate Priority Fees to Validators"},"content":{"rendered":"<p>The Solana community has put forward <a href=\"https:\/\/forum.solana.com\/t\/proposal-for-enabling-the-reward-full-priority-fee-to-validator-on-solana-mainnet-beta\/1456\">SIMD-0096<\/a>, a proposal to allocate the entire priority transaction fee to validators. <\/p>\n<p>Previously, half of the reward was sent to a burn address, while the other half went to the block producer. <\/p>\n<p>The initiative aims to enhance incentives for validators regarding the receipt of priority fees, thereby helping to ensure network security. SIMD-0096 also seeks to eliminate potential side deals between validators and transaction senders. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;SIMD-0096 ensures that validators remain focused on prioritizing network security and efficiency, rather than engaging in potentially harmful side deals,&#8221; the proposal states.<\/p>\n<\/blockquote>\n<p>Priority fees are a means to guarantee faster transaction execution by placing it at the top of the mempool for an additional charge. <\/p>\n<p>SIMD-0096 stops the burning of part of the profits from such operations but retains it for regular transactions. The update&#8217;s implementation on Solana&#8217;s mainnet is expected to take several months.<\/p>\n<p>According to a dashboard on <a href=\"https:\/\/dune.com\/kagren0\/simd-0096-voting-status\">Dune<\/a>, 58% of validators and 51% of stakers voted on the proposal. Of these, 39% supported the initiative, 11% opposed it, and 2% abstained.<\/p>\n<p>Previously, CoinGecko analysts recognized Solana as the fastest among major blockchains. On April 6, the average daily transaction count per second reached a record high of 1504 amid a meme token boom.<\/p>\n<p>In April, developers <a href=\"https:\/\/u1f987.com\/en\/news\/solana-team-releases-update-to-address-network-congestion\">updated<\/a> the software as part of efforts to combat blockchain congestion, which leads to transaction delays.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Solana community has put forward SIMD-0096, a proposal to allocate the entire priority transaction fee to validators. Previously, half of the reward was sent to a burn address, while the other half went to the block producer. The initiative aims to enhance incentives for validators regarding the receipt of priority fees, thereby helping to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1159,1134],"class_list":["post-13860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-solana-sol","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"40","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=13860"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/13859"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=13860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=13860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=13860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}