The Solana-native cryptocurrency Ore won a Solana-backed hackathon despite playing a major role in the disruption of the blockchain last month.
A sudden rise in Ore mining transactions was one of the main culprits behind Solana’s April congestion issue where up to 70% of non-vote transactions were being rejected.
The team behind the proof-of-work powered Solana-native crypto Ore has won the “Grand Prize” at a Solana Foundation-backed hackathon despite the project majorly disrupting the blockchain last month.) for its efforts in the May 6 “Solana Renaissance Hackathon” focused on finding Solana’s “next wave of high-impact projects.”
However, the sudden rise in Ore mining transactions, combined with the recent memecoin mania, were two of the main contributors behind Solana’s transaction failure issue in mid-April, which saw more than The Solana Foundation said the recent network congestion issues were due to high demand for Solana block space and aits own mining operations just 13 days after it launched on April 16 so it could optimize its system with a second version. It appears that mining has recommenced,to win the award but acknowledged “there’s still a long way to go” before he and the Ore team can offer Solana users a “fast, cheap, private, inflation-proof digital currency everyone can mine.
He hopes Ore will “make mining fun again” as computation can be performed with ordinary laptops, thus lowering the barrier to entry.
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