Solana Co-Founder Breaks Silence on SOL Burning as New Proposal Raised
First, the proposal itself involves setting a dynamic base fee, calculated on the basis of the current load on the SOL network, and charging for each computing unit requested by the transaction. According to Yakovenko, the solution should reduce fees during periods
Thus, if the average load over the last eight blocks exceeds 50%, the base fee is increased by 12.5% and vice versa. The minimum fee is retained, and there is no maximum fee. Such changes have reminded some of the Ethereum fee market, where they vary from network load level. Responding to this jab, Solana's co-founder said they had dynamic base fees even before their main competitor.
Source
@Solana_Updates
