According to TechFlow, Hardhat Chad, the anonymous creator of Solana's on-chain mining project Ore, said that ORE v2 will set a total limit of 21 million tokens. ORE was originally launched to test the concept of "PoW on PoS" and create a fair-launched token. Due to community feedback, the v2 contract will introduce a supply cap to enhance inflation protection.
The supply function of ORE remains unchanged in v2, and continues to operate at a steady mining rate of 1 ORE per minute, and is expected to be fully mined by 2064. The founders hope to realize the original dream of cryptocurrency as peer-to-peer electronic cash through Solana's high-speed payment network and the fixed supply of ORE. Currently, the audit of v2 has entered the final stage, and the client software is also being prepared for release.
Earlier news, Colosseum announced the winning projects of the Solana Renaissance Hackathon: the mining project Ore won the overall championship.
