Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»With SIMD-0096 approved, Solana validators will receive priority fees.
ADOPTION NEWS

With SIMD-0096 approved, Solana validators will receive priority fees.

By Crypto FlexsMay 28, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
With SIMD-0096 approved, Solana validators will receive priority fees.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Updated: May 28, 2024, 3:29 AM EDT

Solana brush

+0.90%
Validators voted in favor of Solana Improvement Document (SIMD)-0096. Instead of splitting the burn fee and reward validators 50/50 as before, the proposal is to send all transaction priority fees to the validators for the block created.

This proposal aims to help secure the network by improving incentives for how validators receive priority fees. SIMD-0096 can also improve incentives within the validator system by eliminating possible side transactions between block producers and transaction submitters.

“This will ensure that validators are properly incentivized to prioritize network security and efficiency rather than being incentivized to engage in potentially harmful side transactions,” the original proposal stated.

The proposal received 77% support in an on-chain vote from network validators.

Priority fees are a way to ensure that your transaction is placed at the front of the execution queue. This is an optional fee that users can add to their transactions to increase coverage.

SIMD-0096 proposed discontinuing priority fee burning in Solana transactions while maintaining a 50% burn of the base fee (or regular fee) paid within Solana transactions.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025
Most Popular

Is Binance founder CZ’s ruling the stimulus BNB needs?

May 2, 2024

The reason why Metaplanet raised $ 13.6 million to buy Bitcoin’s dip is as follows:

February 28, 2025

After the Montenegrin court rejected the appeal, Kwon Do-kwon is scheduled to be extradited to Korea.

March 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.