A Development That Could Affect the Fate of the Solana (SOL) Network! It Was Not Previously Accepted!

The Solana (SOL) proposal, which was rejected after the previous vote failed to reach consensus, has been brought back to the agenda.

Cryptocurrency research firm Galaxy Research has come up with a new proposal to solve the long-standing problem of how to reduce inflation under Solana’s administration.

At this point, Galaxy Research suggested staggered voting to resolve the Solana inflation debate and increase consensus on the inflation rate.

“To reduce SOL inflation, we introduced a new Solana proposal called Multiple Choice Share Weighting Aggregation (MESA): a more market-based approach to reaching agreement on the rate of future SOL emissions.

This system is simple: Even if most people agree that inflation should be reduced, they cannot agree on how much it should be reduced.

This is what happened with the previous proposal, SIMD-228, which had support in principle but was rejected because of disagreement on the inflation rate.”

The proposed MESA mechanism allows validators to vote on a range of deflation rate options rather than just a simple yes or no, with the final outcome being determined by a stake-weighted average rather than a binary vote.

Galaxy Research’s MESA proposal aims to accelerate the Solana network’s progress toward its long-term inflation target of 1.5%.

While the Solana network’s inflation rate currently sits around 4.6%, it does not change Galaxy Research’s ultimate inflation target of 1.5%, it simply provides the network with a more practical path to achieve that target.

*This is not investment advice.