| Cryptocurrency | Price (USDT) |
|---|---|
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| ETH | $2429.4060000000 |
| BNB | $647.5318500000 |
| XRP | $2.1849920000 |
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Category: CRYPTO NEWS
The post Solana May Soon Get a Major Change—Here’s Why Builders Are Butting Heads Over SIMD-0228 appeared on BitcoinEthereumNews.com. A new Solana proposal aims to change the frequency at which new tokens are generated on the prominent blockchain—and the suggested changes are generating serious debate ahead of the imminent vote. The proposal, also known as SIMD-0228, looks to move from fixed-rate token emissions to a programmatic, “market-based emission” schedule that is based on staking participation rate. In other words, instead of decreasing Solana inflation based on a fixed, time-based schedule, SIMD-0228 proposes that Solana inflation dynamically changes based on network activity. “The [current] mechanism is not aware of network activity, nor does it incorporate that to determine the emission rate. Simply put, it’s ‘dumb emissions,’” reads the proposal. “Given Solana’s thriving economic activity, it makes sense to evolve the network’s monetary policy with ‘smart emissions.’” The proposal’s authors—Multicoin Capital’s Tushar Jain and Vishal Kankani, and Max Resnick, lead economist at Solana-focused R&D firm Anza—believe that so-called smart emissions would benefit the network and stakers by reducing inflation, spurring DeFi usage, reducing sell pressure, and improving the narrative around its existing inflation. Notable Solana builders and personalities, including Solana Labs co-founder Anatoly Yakovenko, have signaled support for the proposal as well. “The counter arguments to 228 are pretty bad because the cost of inflation is something on the order of […] $1-2 billion per year,” Yakovenko posted on X (formerly Twitter). The counter arguments to 228 are pretty bad because the cost of inflation is something on the order of (global average income tax rate * inflation). Or $1-$2 BILLION per year. 1) small validators will lose out Yes. That’s probably going to happen. It doesn’t cost $1 BILLION… — toly 🇺🇸 (@aeyakovenko) March 7, 2025 Helius Labs CEO Mert Mumtaz added that the “strongest argument for 228 is that it incentivizes and speeds up the timeline towards a network…
2025-03-08T03:34:43+00:00