During the V39 mainnet release on July 11th, a setting that controls the fee payments to 0. 800 was misconfigured.
17 Sep 2023, 11:15
During the V39 mainnet release on July 11th, a setting that controls the fee payments to 0.0.800 was misconfigured.
When configured correctly, 90% of network fees are currently allocated to operations (account 0.0.98) and 10% toward staking rewards (account 0.0.800). From July 11th through September 15, instead all fees went to operations (account 0.0.98).
Hedera authorized a change to update this setting, and this setting was corrected as of Sept 15. Now, 10% of the transactions fees are correctly flowing into 0.0.800. During this time, approximately 1.5M HBARs were incorrectly allocated to account 0.0.98.
The primary objective of Hedera's staking system is to ensure the long-term security of the mainnet when the nodes are operated in a permissionless manner, and as such the Hedera Governing Council does not fund the staking rewards account directly, though others have recently donated 60 million HBARs to the account.
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17 Sep 2023, 11:16
During the V39 mainnet release on July 11th, a setting that controls the fee payments to 0.0.800 was misconfigured.
When configured correctly, 90% of network fees are currently allocated to operations (account 0.0.98) and 10% toward staking rewards (account 0.0.800). From July 11th through September 15, instead all fees went to operations (account 0.0.98).
Hedera authorized a change to update this setting, and this setting was corrected as of Sept 15. Now, 10% of the transactions fees are correctly flowing into 0.0.800. During this time, approximately 1.5M HBARs were incorrectly allocated to account 0.0.98.
The primary objective of Hedera's staking system is to ensure the long-term security of the mainnet when the nodes are operated in a permissionless manner, and as such the Hedera Governing Council does not fund the staking rewards account directly, though others have recently donated 60 million HBARs to the account.
During the V39 mainnet release on July 11th, a setting that controls the fee payments to 0. 800 was misconfigured.
During the V39 mainnet release on July 11th, a setting that controls the fee payments to 0.0.800 was misconfigured.
When configured correctly, 90% of network fees are currently allocated to operations (account 0.0.98) and 10% toward staking rewards (account 0.0.800). From July 11th through September 15, instead all fees went to operations (account 0.0.98).
Hedera authorized a change to update this setting, and this setting was corrected as of Sept 15. Now, 10% of the transactions fees are correctly flowing into 0.0.800. During this time, approximately 1.5M HBARs were incorrectly allocated to account 0.0.98.
The primary objective of Hedera's staking system is to ensure the long-term security of the mainnet when the nodes are operated in a permissionless manner, and as such the Hedera Governing Council does not fund the staking rewards account directly, though others have recently donated 60 million HBARs to the account.