|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Solana Co-Founder Proposes ORE Protocol Fork for Stressing and Rewarding Network
Apr 15, 2024 at 01:13 pm
To alleviate Solana blockchain's network congestion issues, co-founder Anatoly Yakovenko proposes forking the ORE protocol for stress testing. This proposal aims to attract miners and testers to generate traffic on Solana's testnet, revealing any potential congestion issues. By airdropping rewards on the mainnet, Yakovenko incentivizes participation, with the goal of identifying any bottlenecks and ensuring the blockchain's long-term stability.
Solana Co-Founder Anatoly Yakovenko Proposes ORE Protocol Fork for Network Stress Testing and Airdrop Rewards
In a bold move to address Solana's network congestion issues, co-founder Anatoly Yakovenko has put forward an open proposal to the community, calling for the forking of the ORE protocol to conduct extensive network stress tests. This proposal aims to harness the power of ORE's mining mechanism to generate high levels of network traffic, revealing any potential bottlenecks or limitations.
The Genesis of the Proposal
Yakovenko's proposal emerged in response to a post by Chaofan Shou, a PhD student at the University of Berkeley. Shou had shared details of his innovative mining setup, which reportedly generated an estimated $10,000 in daily revenue from ORE mining. Recognizing the potential of ORE's mining mechanism, Yakovenko proposed leveraging it to stress test Solana's network.
ORE: A Solana-Based Token with a Unique Claiming Mechanism
ORE is a Solana-based token that utilizes a unique mining mechanism to enable users to claim rewards. Yakovenko highlighted that despite ORE's setup relying on bloXroute and Jito Bundles, its forking would likely garner widespread interest within the community.
Airdrop Rewards and the Potential for Mass Adoption
The proposal suggests establishing an ORE fork on Solana's testnet, with rewards airdropped to participants who contribute to the stress testing by operating miners. This incentive structure aims to attract a large number of users to the testnet, potentially thousands or even millions, generating enough network traffic to expose any potential congestion issues.
Strategic Benefits for Solana
Yakovenko emphasized the strategic benefits of this approach for Solana. The stress testing would provide valuable insights into the network's capacity and identify areas for improvement. The airdropped rewards would incentivize participation and promote the adoption of Solana's blockchain.
Community and Developer Support
The proposal has received support from Solana's core developers and all validators. This endorsement demonstrates the community's commitment to finding innovative solutions to the network's challenges and exploring new avenues for growth.
Conclusion
Yakovenko's proposal to fork the ORE protocol for network stress testing and airdrop rewards is a significant step towards addressing Solana's network congestion issues. By leveraging ORE's mining mechanism and offering incentives for participation, Solana aims to attract a vast pool of testers and gather crucial data to improve the network's long-term viability and scalability. This move underscores Solana's commitment to innovation and its dedication to providing a robust and efficient blockchain platform for developers and users alike.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Top 5 Cryptos to Buy Now: BlockDAG, Ethereum, Cardano, & SUI – Which Crypto Will Deliver Big Returns in 2025?
- Dec 29, 2024 at 03:20 am
- As the new year approaches, traders are actively searching for top altcoins poised for significant growth. Coins in their presale stage, like BlockDAG (DAG), are gaining attention for their growth potential, while established cryptos such as Ethereum (ETH), Cardano (ADA), and Sui (SUI) continue to be favorites in the sector.
-
- Dogecoin Whales Prepare For A Move
- Dec 29, 2024 at 03:20 am
- Dogecoin has been navigating through a challenging phase, with its price experiencing significant drops in recent weeks. Despite the bearish sentiment dominating the broader market, whales have consistently taken advantage of the dip, signaling long-term confidence in the meme coin.
-
- Ethereum (ETH) Price Prediction: Will the Altcoin Spark a Bear Rally in the Final Days of 2024?
- Dec 29, 2024 at 03:20 am
- Altcoins’ trading volumes fell sharply in the final days of this year, and Ethereum [ETH] also fell victim to this drop. However, will this spark a bear rally as we count the remaining days of 2024?
-
- Lunex Network (LNEX) Prepares to Steal the Bull Cycle Hype Targeting $100 Million Market Cap
- Dec 29, 2024 at 03:20 am
- Dogecoin's price has been trending within a horizontal consolidation, losing a crucial support level at $0.34. The meme coin has been stuck within an ascending trend line that has acted as a strong support suggesting the possibility of a healthy upswing.