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Solana Inflation Reform Fails As Vote Ends In Defeat

Bitcoinist LogoBitcoinist13h ago

Solana Inflation Reform Fails As Vote Ends In Defeat - Bitcoinist

Quick Summary:

In a remarkable showcase of on-chain governance, a proposal aimed at cutting Solana’s inflation rate by 80%—identified as SIMD-228—has officially failed to meet the vote threshold required for passage.

Though SIMD-228 secured a solid 61.39% “Yes” rate, it fell short of the required supermajority.

The official Solana account celebrated the vote’s magnitude by noting: “Solana SIMD 228 voter turnout was higher than every US presidential election in the last 100 years.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 01:30:23 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 40 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27012036

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Solana Inflation Reform Fails As Vote Ends In Defeat" was covered 13 hours ago by Bitcoinist, a news publisher based in Hungary.

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  • URL: https://chronographically.beamstart.com/news/solana-inflation-reform-fails-as-17420031948272

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