How new fee proposal will help $SOL burning, Solana co-founder explains solana sol solanasol
to change the charging mechanism on Solana's blockchain, from co-founder Anatoly Yakovenko, has revealed a number of previously little-known insights.
First, the proposal itself involves setting a dynamic base fee, calculated on the basis of the current load on the, and charging for each computing unit requested by the transaction. According to Yakovenko, the solution should reduce fees during periods of low activity on the network and conversely increase fees when there is an increased load.
Thus, if the average load over the last eight blocks exceeds 50%, the base fee is increased by 12.5% and vice versa. The minimum fee is retained, and there is no maximum fee.
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