Galaxy Research suggests providing voters with a broader range of options to select Solana’s deflation rate and determine the outcome based on a weighted average. This proposal aims to address the polarization in voting that arose from the SIMD-228 case. Max Resnick from Anza expressed concerns that voters might attempt to skew the results in … Read more
Compiled by | GaryMa Wu’s Blockchain The Wu’s team summarizes the important developments in the blockchain technology field for March: Bitcoin · Update on BIP360 Quantum Resistant Hash (P2QRH): Developer Hunter Beast published an update on his quantum resistance research regarding BIP360 on the Bitcoin-Dev mailing list. He has modified the list of quantum-safe algorithms … Read more
Following Donald Trump’s signing of the executive order on the U.S. cryptocurrency strategic reserve, the crypto market experienced a rapid pullback. This led toSolanaquickly dropping, hitting a 24-hour low of $135. However, a bullish rebound pushed the SOL price back up to $143, reflecting a rejection of lower prices. With the bullish recovery, the SOL … Read more
Solana is set to undergo two significant upgrades aimed at enhancing network stability and adjusting the inflation mechanism, but these changes may drastically reduce validator earnings, particularly impacting smaller node operators, sparking discussions within the community. VanEck: Lowering Inflation Aids Long-Term Development, but Small Validators May Be Impacted According to analysis from asset management giant … Read more
Solana Foundation Chair Lily Liu commented on the “Solana Improvement Proposal SIMD-0228,” stating, “The SIMD-0228 proposal is not very mature and will negatively impact SOL during critical periods of asset growth. Changing network parameters may benefit network security but be detrimental to assets, and vice versa. We need to view significant changes from a systemic … Read more
Current Progress🔥 The Solana proposal SIMD-228 has received 70% approval votes, and the voting is expected to conclude in 52 hours (Epoch 755). Core Mechanism 👉 Introduction of a dynamic adjustment mechanism for the SOL issuance curve based on staking rates. At the current staking rate of 64%, the annual inflation rate of SOL will … Read more
After the massive unlocking of Solana, can SIMD-228 become a remedy for the market? Recently, Solana (SOL), which was once highly anticipated by the market, has fallen into difficulties and performed poorly. Multiple factors are at play here. The overall market has seen a significant correction, the meme market has cooled down leading to reduced … Read more
What is the SIMD 228 proposal? This article will clarify it for you. If we compare Solana to a company, then SOL stakers are the “employees” of this company, maintaining network security by staking SOL in exchange for “salary” (staking rewards) issued by the system. The SIMD 228 proposal essentially announces: The salary distribution mechanism … Read more
What is SIMD-0228? SIMD-0228 (Solana Improvement Document 0228) is a governance proposal put forward by the Solana community aimed at reforming the token issuance mechanism of the Solana network (i.e., the inflation model). This proposal was introduced by Tushar Jain and Vishal Kankani from Multicoin Capital, with support from Max Resnick, the chief economist of … Read more
Proposal Fails: A Governance Contest with High Participation Key data reveals: 74.3% of shares participated in the SIMD-228 vote, far exceeding the voter turnout of U.S. presidential elections over the past century. However, the proposal was rejected as the approval rate did not reach 66.67%, maintaining the original token issuance volume. Core Controversy of the … Read more