ORE Protocol on Solana: Mining, Governance, and Roadmap
Original title: Future-Proof Money on Solana | Hardhat Chad
ORE
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Summary
ORE Protocol began as a proof-of-work mining system on Solana and later moved to a grid mining system. Hardhat Chad, Foreman at ORE, discusses the protocol's origins and evolution. The discussion covers mining incentives, token emissions, protocol revenue, buybacks, and burns. It also addresses proof of useful work, community governance, security improvements, and quantum-resistant infrastructure. Other topics include validator decentralization and future plans for ORE's ecosystem, liquidity, and foundation structure. Specific themes include why Bitcoinomics broke, proof of work's value leak, mining design tradeoffs, rewarding long-term holders, and V4 reducing roulette risk. Forks, rugs, and security are also examined, along with future-proofing ORE. The source does not give concrete figures, dates, or prices. It also notes that Lightspeed was kickstarted by a grant from the Solana Foundation. The description states that views expressed are opinions and that Danny and guests may hold positions in the companies, funds, or projects discussed.
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Key points
- ORE Protocol transitioned from proof-of-work mining on Solana to a grid mining system.
- Hardhat Chad is Foreman at ORE and discusses the protocol's origins and evolution.
- Topics covered include mining incentives, token emissions, protocol revenue, buybacks, and burns.
- Additional topics include proof of useful work, community governance, security improvements, and quantum-resistant infrastructure.
- Future plans for ORE include its ecosystem, liquidity, and foundation structure.
- Lightspeed was kickstarted by a grant from the Solana Foundation.
Chapters
Chapters come from the timestamps in the video description.
Questions
What is Hardhat Chad's role at ORE?
Hardhat Chad is Foreman at ORE.
What mining systems has ORE Protocol used?
ORE Protocol moved from proof-of-work mining on Solana to a grid mining system.
What future plans for ORE does the source mention?
The source mentions future plans for ORE's ecosystem, liquidity, and foundation structure.
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