**Solana Validators to Receive Full Priority Fees Following Successful Vote**

A recent governance vote has passed with 77% approval, granting Solana validators 100% of priority fees from transactions. This change aims to enhance network security and efficiency. Previously, priority fees were split between burning and validator rewards, leading to "side deals" with transaction submitters.

Under the new model, validators will receive all the priority fees, ensuring they remain focused on maintaining network safety and performance. This update is part of Solana Improvement Document number 96 (SIMD-0096) and has been implemented as "Reward full priority fee to validators #34731."

Following the vote, SOL has seen a 1.6% increase in the past 24 hours, trading at $166, according to CoinGecko.

#Solana #Crypto #Blockchain #Governance #SOL #Validators #FXStreet