{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Solfate Podcast - Interviews with blockchain founders/builders on Solana","title":"Mining ORE on Solana with proof-of-work tokens (feat. HardhatChad)","html":"","width":"100%","height":180,"duration":3384,"description":"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.\nFull notes for this episode at: https://solfate.com/podcast/65\nFollow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePod\nPS: 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)\nNotes from the show\nORE is a proof-of-work token that anyone can mine.\nThe project aims to bridge Bitcoin to Solana.\nMining is designed to be accessible to all users.\nThe hash function used in ORE is non-parallelizable.\nMining happens off-chain, with validation on-chain.\nThe initial launch faced significant network congestion.\nThe V1 system had issues with spam and transaction volume.\nA hard fork was necessary to transition to V2.\nThe V2 redesign improved the mining experience.\nThe project gained attention through its marketing strategy. The transition from V1 to V2 involved significant changes in reward structure and supply cap.\nCommunity feedback is crucial in shaping the monetary policy of the token.\nParticipants in crypto can be categorized into three main groups: nerds, speculators, and utility seekers.\nLiquidity is essential for the success of ORE and its integration with real-world assets.\nStaking and mining pools are being introduced to enhance user participation and rewards.\nHorizontal integration can create a broader ecosystem for the ORE token.\nLiquidity is viewed as a key component of store value in the crypto space.\nThe project aims to compete with traditional finance by offering decentralized alternatives.\nThe ORE experiment is seen as a significant step in exploring new monetary policies.\nCommunity engagement and feedback are vital for the ongoing development of the ORE project.\n\nFind HardhatChad and ORE online\nFollow...","thumbnail_url":"https://img.transistorcdn.com/Dzw-CXorD63xToaq_0gONMw40HRLm17TFRRDmJTFM_M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzM3NTg3LzE3MDE3/Mzk3MTctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}