Ore creator proposes rewards to tackle Solana congestion

United Kingdom News News

Ore creator proposes rewards to tackle Solana congestion
United Kingdom Latest News,United Kingdom Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Hardhat Chad suggests Solana Foundation offer SOL rewards for testnet activity amid network congestion. Chad’s vision for Ore prioritizes currency creation over testnet tooling. This proposal sparks community debate over funding sources and project focus.

Chad clarified that he isn’t looking for funds from the foundation. His goal for Ore is to establish a currency, not develop testnet tools.

Hardhat Chad, the pseudonymous creator of the Ore project, has suggested that the Solana Foundation offer a reward if it intends to incentivize testnet activity. This suggestion comes after Solana network faced congestion issues for nearly a week with a transaction failure rate as high as 75%.on the X social platform, Chad said that if Solana blockchain platform wishes to encourage users to participate in testnet activities, such as testing new features or protocols, the Solana Foundation should provide an incentive in the form of SOL , emphasizing a commitment to long-term sustainability.

This patch contains enhancements that will help with some of the ongoing network congestion, and further improvements will follow in v1.18.Bitcoin drops as dollar eyes ‘best 5-day run’ in 14 months on expected rate cut hold

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solana (SOL) Institutional Appeal Skyrockets as Grayscale Solana Trust SurgesSolana (SOL) Institutional Appeal Skyrockets as Grayscale Solana Trust SurgesGrayscale Solana Trust's value surge shows increasing institutional interest in Solana (SOL)
Read more »

Binance Announces Expanded Support for Solana Meme Coins WIF and BOMEBinance Announces Expanded Support for Solana Meme Coins WIF and BOMEBinance catapults into Solana meme coin craze, unveiling expanded support for Solana's WIF and BOME
Read more »

Solana Whales Shift $123 Million in SOL - What's Happening?Solana Whales Shift $123 Million in SOL - What's Happening?Solana price consolidates amid massive Solana transfer worth around $123.1 million
Read more »

Bitcoin-like mining protocol Ore halts mining on Solana amid network congestionBitcoin-like mining protocol Ore halts mining on Solana amid network congestionDesigner of Ore project took to X to announce mining would be suspended immediately after Solana network suffered congestion.
Read more »

Bitcoin-like mining is taking off on Solana with OreBitcoin-like mining is taking off on Solana with OreA project called Ore is rewarding miners for solving cryptographic puzzles, similar to how Bitcoin mining works.
Read more »

Rising Star: Lucky Boo Token Challenges Norms in Solana's Meme Coin ArenaRising Star: Lucky Boo Token Challenges Norms in Solana's Meme Coin ArenaRising Star: Lucky Boo Token Challenges Norms in Solana's Meme Coin Arena
Read more »



Render Time: 2025-04-08 01:30:06