Solana Is Taking Active Steps to Reduce Its Coin Supply. But Is It Enough to Send SOL Soaring Higher?
Major changes to the coin are being discussed, but don't get your hopes up.
Overview
Solana (CRYPTO: SOL) is asking an essential group of its own operators to approve a pay cut for themselves. A pair of governance proposals before them would slow new issuance and burn much more of Solana's coin supply with each transaction.
That could be good for holders, but much less so for validators, who process transactions and earn newly issued coins. Those operators hold the votes that determine whether the proposals pass, and ballots open Aug. 23. So will these proposals be enough to send the coin higher?
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Originally published at www.fool.com.
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