An important development seems to be coming up for Solana (SOL), as the Render Network Foundation has submitted a proposal to its community to move the network to it – as opposed to the Polygon where it currently resides – and create the “burn-and-mind equilibrium (BME)” mechanism there.
The “BME” model, which the Render community adopted last month, requires users to “burn” a predetermined amount of RNDR, the network’s native token, in exchange for non-replaceable work credits distributed through node operators.
The Render Network Foundation wants the network to migrate to Solana, as it believes it can best support the implementation of the “BME” model by speeding up transaction times, mitigating transaction costs, and providing flexibility to encoders.
“I believe that, if anything, we need to ensure that we have fast speed, but never at the expense of security in the long term,” said Render founder Jules Urbach.
The community seems to favor the move
The Render Network operates, currently, on the Polygon blockchain, but has received strong support from its users to migrate to Solana.
Some 55% of users are in favor of moving to Solana, while 14% of users would prefer the network to remain on Polygon, according to a poll of community sentiment on the proposal.
The other 31% of users supported migrations to other blockchains, including Aptos, Ethereum and Algorand.
“The decision on whether to continue with Polygon or move to Solana sparked a heated debate between the pros and cons of each case separately, and seems to be receiving support for the time it takes Solana to run, its developer community, low transaction fees and speed, which contrasts with Polygon’s centralization, reorganization trend and user experience concerns,” the proposal said.
The community review period for the proposal will last up to 21 days, starting last Monday.
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