The Solana Foundation has announced new validator participation rules aimed at improving network efficiency and reducing centralization.
Key Changes in Rules
Under the updated policy, for every new validator added to the program, three existing validators will be removed. These validators must have held Foundation stake for over 18 months and have less than 1,000 SOL in external stake. This change encourages community-supported validators, helping keep the Solana network decentralized.
Decentralization and Its Importance
Validator nodes are essential to maintaining blockchain security and consensus. In Solana’s case, validators process transactions and secure the network by confirming blocks of data. Historically, the Foundation played a significant role in delegating stake to certain validators, raising concerns about the concentration of power. The new policy addresses these concerns by bolstering community involvement and ensuring the network isn’t overly reliant on large validators.
Development of the Solana Ecosystem
Recent significant activity in the Solana ecosystem includes a major transaction of 350,000 $SOL staked on Marinade Finance, valued at approximately $53 million. This substantial stake is expected to generate an impressive annual yield of 30,000 $SOL, showcasing growing confidence in the Solana network and its staking platforms.
The updates to the Solana Foundation’s policy demonstrate a commitment to improving decentralization, fostering a more balanced and secure network.
