🚀 LayerZero Proposal On Fee Activation Enters Voting Phase
#LayerZero #ZRO #feeactivation #governance #crosschain #cryptocurrency #votingphase #protocolfees
According to Odaily, LayerZero's proposal regarding the activation of the fee switch has entered the voting phase. As outlined in previous official documents, holders of ZRO tokens will have control over the accumulation of protocol fees. An immutable voting contract mandates a public on-chain referendum every six months, allowing ZRO holders to decide whether to enable or disable the protocol's fee switch.
The LayerZero protocol may impose fees equivalent to the total cost of verifying and executing cross-chain messages. For instance, if an application selects a DVN and executor configuration that charges $0.01 for transactions between Arbitrum and Optimism, LayerZero could also charge a fee of $0.01. Should the governance activate the fee switch, the referendum financial contract will collect these fees on the local chain and subsequently destroy them.#LayerZero #ZRO #feeactivation #governance #crosschain #cryptocurrency #votingphase #protocolfees
🚀 Solana's Alpenglow Proposal Enters Community Voting Phase
#Solana #Alpenglow #SIMD0326 #CommunityVoting #Epoch840842 #TwoThirdsMajority #BlockFinalization #150Milliseconds #VotingPhase #ForesightNews
According to Foresight News, Solana's new consensus protocol proposal, Alpenglow (SIMD-0326), has entered the community voting phase. The voting period is set from Epochs 840 to 842, with each epoch lasting approximately two days. For the proposal to pass, it requires a two-thirds majority of the total votes, combining both approval and disapproval votes. Currently, the approval rate stands at about 9.84%, while the disapproval rate is approximately 0.12%. The Alpenglow proposal aims to reduce block finalization time from 12.8 seconds to nearly 150 milliseconds.#Solana #Alpenglow #SIMD0326 #CommunityVoting #Epoch840842 #TwoThirdsMajority #BlockFinalization #150Milliseconds #VotingPhase #ForesightNews