• Bitcoin
  • Ethereum
  • Blockchain
  • DeFi
  • Policies
  • Expert Interview
  • For Beginners
  • All Posts
Hot News

KiloEX Exchange Exploiter Returns $5.5 Million Days Following $7.5 Million Hack

04/18/2025

Crypto Rug Pulls Have Decreased in Frequency, Yet Their Impact Has Intensified: DappRadar

04/18/2025

Manta Founder Describes Attempted Zoom Hack by Lazarus Involving Authentic ‘Legit Faces’

04/18/2025
Facebook X (Twitter) Instagram
X (Twitter) Telegram
CoinomiCoinomi
  • Bitcoin
  • Ethereum
  • Blockchain
  • DeFi
  • Policies
  • Expert Interview
  • For Beginners
  • All Posts
CoinomiCoinomi
Home » Creator of Ore suggests incentives to address congestion on Solana network
Creator of Ore suggests incentives to address congestion on Solana network
Creator of Ore suggests incentives to address congestion on Solana network
Blockchain

Creator of Ore suggests incentives to address congestion on Solana network

04/17/20242 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The creator of the Ore project, known as Hardhat Chad, has proposed a solution to the recent congestion issues faced by the Solana network. Hardhat Chad suggests that the Solana Foundation should offer a reward to incentivize testnet activity. In a post on the X social platform, he recommends providing SOL tokens as an incentive for users to actively engage in testing new features and protocols. This would not only improve the platform’s performance but also identify potential issues before deployment to the mainnet.

The response from the community to Hardhat Chad’s suggestion has been divided. While some supported the idea, others disagreed. One user, TheSoftwareJedi, advised Chad to focus on building his project and demonstrating goodwill to the foundation. The user suggested that Chad could apply for funding from the foundation but emphasized the importance of maintaining autonomy from foundation incentives.

Hardhat Chad clarified that he is not seeking funds from the foundation. His goal for Ore is to establish a currency, rather than develop testnet tools. He is reevaluating incentives to combat spam and questioning the prioritization of building testnet spam bots.

This proposal comes after Hardhat Chad announced the immediate cessation of mining operations for the well-being of the Solana network and Ore’s stakeholders. He emphasized the need for an overhauled smart contract framework in light of recent network difficulties.

This strategic move aligns with Ore’s roadmap for developing its second version (v2) and demonstrates a commitment to long-term sustainability. Ore, a blockchain-based project launched on Solana, is exploring the use of a proof-of-work (PoW) token distribution mechanism to ensure proper distribution. The project aims to combine PoW’s security with Solana’s fast transaction capabilities.

Since its introduction, Ore’s activity has significantly contributed to Solana’s network congestion, resulting in a high rate of failed transactions. However, Solana developers have released a mainnet beta update, v1.17.31, to address the ongoing network congestion. This update includes enhancements that will help alleviate some of the congestion, with further improvements planned for v1.18.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KiloEX Exchange Exploiter Returns $5.5 Million Days Following $7.5 Million Hack

04/18/2025

The Collapse of Mantra OM Token Reveals Significant Liquidity Challenges in the Cryptocurrency Market

04/17/2025

Ethena Labs and Securitize Reveal Roadmap for the ‘Converge’ Network

04/17/2025

XRP: Reasons for Its Outperformance Compared to Altcoins and Future Outlook

04/17/2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

KiloEX Exchange Exploiter Returns $5.5 Million Days Following $7.5 Million Hack

04/18/2025

Crypto Rug Pulls Have Decreased in Frequency, Yet Their Impact Has Intensified: DappRadar

04/18/2025

Manta Founder Describes Attempted Zoom Hack by Lazarus Involving Authentic ‘Legit Faces’

04/18/2025

Coinomi - Where insights meet innovation. Discover the world of blockchain and cryptocurrency with a focus on insightful narratives and groundbreaking trends.

X (Twitter) Telegram
Hot Insights

KiloEX Exchange Exploiter Returns $5.5 Million Days Following $7.5 Million Hack

04/18/2025

Crypto Rug Pulls Have Decreased in Frequency, Yet Their Impact Has Intensified: DappRadar

04/18/2025

Manta Founder Describes Attempted Zoom Hack by Lazarus Involving Authentic ‘Legit Faces’

04/18/2025
X (Twitter) Telegram
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • DeFi
  • Policies
  • Expert Interview
  • For Beginners
Copyright © 2025 Coinomi. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.