Bitcoin-like mining protocol Ore halts mining on Solana amid network congestion

📆 4/16/2024 6:38 PM
📰 TheBlock__

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 53%

Solana News

Coin Coin Latest News,Coin Coin Headlines

Designer of Ore project took to X to announce mining would be suspended immediately after Solana network suffered congestion.

After exacerbating congestion of the Solana network, Ore, the project with a token mined akin to bitcoin, announced it is pausing mining.

After the project launched about two weeks ago, it captured the attention of the Solana community, which began ore mining in earnest. Due to the quick rise in interest and mining, more transactions flooded the Solana network, seemingly contributing to congestion issues. "Ore launched just two weeks ago as an experimental hackathon project," @HardhatChad also said on X. "Since then, it has grown to become the most used program on Solana by transaction count, and generated a greater peak load of mainnet network traffic than any smart contract in blockchain history."

Write Comment

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:

Coin Coin Latest News, Coin Coin Headlines

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

Bitcoin-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.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange ListingCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »