{"id":11320,"date":"2023-04-05T10:36:48","date_gmt":"2023-04-05T10:36:48","guid":{"rendered":"http:\/\/www.cryptoheretostay.com\/?p=11320"},"modified":"2023-04-05T10:36:50","modified_gmt":"2023-04-05T10:36:50","slug":"render-token-rises-8-as-community-votes-on-proposed-solana-migration","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11320","title":{"rendered":"Render token rises 8% as community votes on proposed Solana migration"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Render Network&#8217;s RNDR is up 8% in the last 24 hours after the community started voting on a proposed migration to Solana (SOL).<\/p>\n<p>The token is trading at $1.37 as of press time and has increased by 15.8% in the last seven days, according to <em>CryptoSlate&#8217;s<\/em> data.<\/p>\n<h2>Render eyes Solana migration<\/h2>\n<p>The Polygon-based protocol is eyeing a migration to layer 1 blockchain network Solana, according to its RNP-002 Layer 1 Network Expansion proposal.<\/p>\n<p>According to the proposal, the Solana migration was necessary because of &#8220;future network growth.&#8221; The project noted that:<\/p>\n<p>&#8220;[Render needs] a high throughput, low latency blockchain for network settlement and node operation.&#8221;<\/p>\n<p>It added that the key advantage of the switch is that it would help it\u00a0scale the network to meet the demand of its technical needs and implement the burn-and-mint equilibrium (BME).<\/p>\n<p>According to the proposal, the migration will support the implementation of the BME model by improving transaction times, giving programmers more flexibility, and reducing the cost of transactions.<\/p>\n<p>Besides that, several Render users have complained about their experience on Polygon, citing its re-org tendency, centralization, and transaction fees as why the protocol should migrate.<\/p>\n<p>Meanwhile, the vote is keenly contested \u2014 54.27% of the Render Community voted against the migration, while 45.73% supported the plan, according to the Snapshot data.<\/p>\n<p>Voting is scheduled to end by 8:00 PM on April 6.<\/p>\n<h2>Solana enjoys growth despite issues<\/h2>\n<p>Solana has recorded growth this year despite the issues plaguing the network.<\/p>\n<p>Render is another crypto project planning to migrate to the blockchain following projects like Helium (HNT). Helium said its migration would allow it to tap into SOL&#8217;s rich ecosystem and network speed.<\/p>\n<p>Meanwhile, Solana&#8217;s price has recovered from the lows of 2022, growing by more than 100% to erase the losses recorded post-FTX. At the time, SOL traded for under $10 but has since recovered to $21.23 as of press time, according to <em>CryptoSlate&#8217;s<\/em> data.<\/p>\n<p>Besides that, Solana&#8217;s on-chain activity has continued to grow, with the total value of assets locked on the protocol at $285.89 million \u2014 a high for the year, according to DeFillama data.<\/p>\n<p>The post Render token rises 8% as community votes on proposed Solana migration appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/render-token-rises-8-as-community-votes-on-proposed-solana-migration\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Render Network&#8217;s RNDR is up 8% in the last 24 hours after the community started voting on a proposed migration to Solana (SOL). The token is trading at $1.37 as of press time and has increased by 15.8% in the last seven days, according to CryptoSlate&#8217;s data. Render eyes Solana migration The Polygon-based protocol is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-11320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11320"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11320\/revisions"}],"predecessor-version":[{"id":11322,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11320\/revisions\/11322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11321"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}