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Voting on the Network’s New Functionality
The Team and Validators have prepared several significant changes aimed to improve the network.
The first round lasts until June 23 and offers to add an option to “archive” the coins, allowing brands to re-use a particular ticker. This would substantially facilitate the onboarding of new customers and widen the blockchain’s possibilities.
The owner of the coin—i.e., creator address—will be the one to archive it. The creator rights, however, will be transferable. Archived coins will not be deleted, nor will their reserve be emptied. They will just change their name.
The voting also suggests setting the maximum number of validators to 64. Validators with small stakes (less than 1% of voting power) do not affect the decision-making process and decentralization of the network, but they slow it down drastically being equal participants of the consensus. The introduction of this limit would allow for the avoidance of extra loads with no losses.
The Team will proceed to develop the solution if the proposal is supported by a two-thirds validator majority.
Full text of the proposal
Voting-dedicated page
BY Minter Dev Notifications
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