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50640**
10/08 00:17
How does Solana governance work?
I'm curious about how Solana's governance functions. Can someone explain to me how it operates within the Solana ecosystem?
#Crypto FAQ
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50641**
Oh, governance in
2025-01-23 07:50ReplyLike
50640**
Solana governance is structured through several built-in programs and mechanisms. The System Program manages account creation, transaction processing, and SOL flow, ensuring all transactions adhere to the rules. The Stake Program allows users to stake SOL, participating in network security and earning rewards. Validators are chosen based on their stake, ensuring they have a vested interest in the network's integrity. The Consensus Mechanism, facilitated by Proof of History (PoH), ensures global read consistency and a verifiable passage of time, with a supermajority required for block confirmation. This system incentivizes validators to vote carefully, maintaining the network's integrity and efficiency.
2025-01-23 07:50ReplyLike