Solana SIMD-228 Proposal to Cut Inflation Rate Fails to Pass 🗳️
The Solana community recently voted on the SIMD-228 proposal, aimed at altering the blockchain's current inflation rate mechanism. The proposal, however, did not secure sufficient support, with only 61.4% of participants voting in favor. Although it did not pass, the event has captured the interest of the broader crypto community.
This attention highlights the impact of Solana's voting system, as it mirrors growing participatory governance trends in the blockchain space. With 910 validators involved, it demonstrates Solana's substantial network engagement. The proposal's rejection underscores the challenges of reaching consensus on economic policy changes within decentralized networks.
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