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Solfate Podcast - Interviews with blockchain founders/builders on Solana
Trailer
Bonus
Episode 66
Season 1
Mining ORE on Solana with proof-of-work tokens (feat. HardhatChad)
Get insights into ORE’s proof-of-work journey, including new features in V2, staking pools, and the project’s unique approach to building a broader ecosystem.
Full notes for this episode at: https://solfate.com/podcast/65
Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePod
PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)
Notes from the show
Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePod
PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)
Notes from the show
- ORE is a proof-of-work token that anyone can mine.
- The project aims to bridge Bitcoin to Solana.
- Mining is designed to be accessible to all users.
- The hash function used in ORE is non-parallelizable.
- Mining happens off-chain, with validation on-chain.
- The initial launch faced significant network congestion.
- The V1 system had issues with spam and transaction volume.
- A hard fork was necessary to transition to V2.
- The V2 redesign improved the mining experience.
- The project gained attention through its marketing strategy. The transition from V1 to V2 involved significant changes in reward structure and supply cap.
- Community feedback is crucial in shaping the monetary policy of the token.
- Participants in crypto can be categorized into three main groups: nerds, speculators, and utility seekers.
- Liquidity is essential for the success of ORE and its integration with real-world assets.
- Staking and mining pools are being introduced to enhance user participation and rewards.
- Horizontal integration can create a broader ecosystem for the ORE token.
- Liquidity is viewed as a key component of store value in the crypto space.
- The project aims to compete with traditional finance by offering decentralized alternatives.
- The ORE experiment is seen as a significant step in exploring new monetary policies.
- Community engagement and feedback are vital for the ongoing development of the ORE project.
Find HardhatChad and ORE online
- Follow HardhatChad on twitter - @HardhatChad
- Follow OREsupply on twitter - @OREsupply
Follow us around
Nick
- twitter: @nickfrosty
- github: github.com/nickfrosty
- website: https://nick.af
James
- twitter: @jamesrp13
- github: github.com/jamesrp13
Solfate Podcast
- twitter: @SolfatePod
- more podcast episodes: solfate.com/podcast
- collect episodes on Drip: drip.haus/solfate