Solana Unveils On-Chain Governance System for Validators and Token Holders

Programmable blockchain Solana has introduced an on-chain governance system that allows its validators and token holders to vote directly on the network's future.

The new system, called Solana Governance Proposals (SGPs), enables validators with at least 100,000 SOL ($7.70 million) staked to propose major directional changes to the network.

Proposals are settled by a weighted vote, where each participant's voting power is determined by how much SOL they have staked. The tally is recorded on-chain and verified using a Merkle proof.

The system splits two previous questions into separate tracks: whether the network should pursue a given direction (asked by SGPs) and the technical details of implementation (handled by Solana Improvement Documents, or SIMDs).