Big changes are coming to the Solana ecosystem! 🚀 The Solana Foundation just rolled out a major update to its Delegation Program, with the goal of boosting decentralization and creating a more self-sustaining validator network. 🌐⚡
Here’s what’s new: For every new validator added to the program, three existing ones will be removed — but only if they meet specific criteria. ✅ This includes being in the program for at least 18 months and having less than 1,000 SOL staked externally (outside the Foundation). That means older validators with low outside support will be phased out over time. 🔄
Ben Hawkins, Head of the Staking Ecosystem at Solana Foundation, shared why this move matters:
“As part of our continued commitment to decentralization and network health, we’re shifting how we recruit and remove validators in the Delegation Program.” 🛠️🌱
This new approach kicks in immediately and serves three key goals:
1. Reduce over-reliance on Foundation-backed staking — fewer central points of control. ❌🏛️
2. Support validators who bring in independent delegators — giving power to the community. 🙌
3. Build a stronger, more flexible network — boosting decentralization and overall efficiency. 🔧✨
It’s a bold move to keep Solana more open, community-driven, and future-ready! ⚙️ #solana #altcoins #Binance #BinanceSquareFamily #cryptocurrencies