Solana officially introduces on-chain governance

The Solana (SOL) Foundation has announced the formal introduction of its on-chain governance system. Through this system, Solana network validators can now propose and vote on decisions related to protocol operations via Solana Governance Proposals (SGP). The SGP framework operates on-chain, allocating voting rights based on staked volume and verifying results through Merkle proofs. Validators with a minimum of 100,000 delegated SOL are eligible to register an SGP. The foundation clarified that unlike SGPs, SIMDs serve as technical proposals for protocol changes.