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Two weeks ago, Solana Validators voted for SIMD-0228. This is a proposal to significantly reduce network inflation. Still, it appears that Coasolana stakeholders are interested in reducing inflation at some point.
Balidators help you run Solana’s software to add blocks to the blockchain, and are paid for some labor through inflation. Validators can be done by anyone with expensive hardware and internet access, but in a world with low SOL inflation, running Solana Balidator for financial reasons can be less valuable. Instead, startups building their businesses in Solana can enjoy unique benefits by running validators, and some have already made a leap.
“(We’ve seen a big push over the last six months,” Global Sales Parker’s Infones Director of Poor People said when asked that the Solana native team wanted to spin up the validator.
Solana Payments Business Sphere is one such example, but rather than using a staking provider, it runs the validator node itself.
“A cut in (SOL) issue is probably inevitable,” said Sphere CEO Arnold Lee, but he added, “the distribution and adjustment are probably worth it,” even if he couldn’t turn the profits around.
Solana’s protocol governance process includes validators who vote for proposals based on the share of delegated Sol. Solana Startups must perform a validator if you want to speak directly in the future direction of your network.
“(c) a presence vote like (SIMD-228) that emphasizes the strategic importance of having a seat at a table to make these decisions,” said Bernat Fages, co-founder of node operator company FirstSet in a text.
Beyond the rare contested vote, running a validator can also award “soft power” to startup teams, Lee said. Users who like startup products may delegate some shares, Lee added. Or maybe it’s even easier than that. “Toly (the co-founder of Solana) would probably want to retweet if she’s really active in governance.”
