The Render Network Foundation is weighing whether to build its newly approved burn-and-mint equilibrium model on the solana blockchain. LizKNapolitano reports
The BME model, which the community approved last month, requires users to burn a predetermined amount of RNDR, the network’s native token in exchange for non-fungible work credits distributed through node operators.
The Render network currently builds on the Polygon blockchain but has received strong support among its users for a Solana migration. Roughly 55% of users favor making the switch to Solana, while 14% of users would prefer the network remain on Polygon, according to a community sentiment poll included in the proposal. The other 31% of users supported migrations to other blockchains, including Aptos, Ethereum and Algorand, among others.
“The decision whether to continue with Polygon versus moving to Solana sparked a spirited debate between the pros and cons of each, with support for Solana's runtime, developer community, low transaction fees, and speed contrasting Polygon's centralization, reorg tendency, and user experience concerns,” the proposal reads.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana (SOL) up 16% to Join Altcoin Uptrend, Here Are Key Reasons Powering GrowthSolana's upsurge being driven by sentiment of potential ecosystem growth
Read more »
Solana Skyrockets 8% Daily, Bitcoin Taps New 9-Month High: Market WatchAside from SOL, STX, CRO, and VET are the other significant gainers from the larger-cap alts.
Read more »
EOS Network Ventures Commits $20M to Build Dapps and Games on EOS BlockchainEOS Network Ventures has committed $20 million in capital to develop applications and gaming products on the EOS network after April's Ethereum Virtual Machine (EVM) launch. By shauryamalwa
Read more »
Bitcoin levels to watch as BTC price eyes highest weekly close in 9 monthsBitcoin support levels are here as BTC price approaches an important weekly close.
Read more »
Column: Still ascending, San Diego Wave FC star Alex Morgan eyes NWSL season, World CupJill Ellis says the 33-year-old striker is still adding layers to her world-class game. Wave opens the season March 25, with a big crowd expected.
Read more »