Big news for Solana (SOL), a cryptocurrency! People who run Solana are voting on a plan to change how new SOL coins are created. This could affect the price of SOL.
- The plan is to make the number of new SOL coins depend on how many people are 'staking' their coins (kind of like saving them to help secure the network).
- If lots of people stake their SOL, fewer new coins will be made, which might make each SOL more valuable.
- If few people stake, more new coins will be made.
- Some people think this is a good idea, others aren't so sure.
Fact | Number |
---|---|
Current yearly new SOL | 4.6% (decreasing) |
Possible future yearly new SOL (if plan passes) | Less than 1% |
Percentage of SOL currently staked | 65% |