BlockchainCo-founder of Solana Advocates for ORE Fork to Conduct Network Stress Testing

Co-founder of Solana Advocates for ORE Fork to Conduct Network Stress Testing

Date:

Anatoly Yakovenko, co-founder of Solana, has proposed a fresh open plan to address the network issues of the blockchain. In his recent call, Yakovenko advocated for the forking of the ORE protocol to conduct network stress tests.

The proposal came in response to a post by Chaofan Shou, a PhD student at the University of Berkeley, who claimed to make $10,000 daily from mining ORE. Yakovenko saw this as an opportunity to stress test Solana.

Before introducing ORE, a token based on Solana that utilizes a mining mechanism for claiming, Yakovenko provided some context. He believes that forking ORE to make it more common would pique the interest of many. Although his setup relies on bloXroute and Jito Bundles, he is confident that everyone would be interested in forking it.

In his proposal, Yakovenko asked if it was possible to build an ORE fork using a miner on Solana’s testnet and then distribute rewards on the mainnet. This proposal is in line with Solana’s core developers’ efforts to explore various options on the testnet to ensure the blockchain’s long-term viability and alleviate congestion problems.

Yakovenko believes that an appealing ORE fork could attract thousands, if not millions, of users who would provide the necessary traffic to test if Solana can handle congestion. He also offered incentives for those interested in participating, with miners and testers receiving free monetizable tokens, and Solana finally getting the stress test it desires. He confirmed that the main developers and validators of the blockchain would support this move.

In other news, the CEO of Custodia Bank criticized the Federal Reserve’s limitations on innovation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Hot News

Related
Related

Bitget Token (BGB) Achieves 23rd Position with Market Capitalization of $8.18 Billion

BGB ranks 23rd with a circulating market cap of $8.18B and an FDV of $11.69B. The Bitget Token (BGB...

Justin Sun Maintains ETH Liquidation Trend, Transferring $244.9 Million in Ethereum

The transactions were made by Justin Sun, coinciding with the price of ETH starting its rebound. Tr...

Ethereum Reaching $10,000 by 2025 Is Almost Certain, with One ETH-Based Altcoin Expected to Surge by 9,450%

Whether Ethereum will reach $10k in the future depends on the platform’s capacity for network deve...

Seeking the Finest New Meme Coins for Purchase This Weekend? BTFD Coin Offers Attractive Discounts, Floki Inu Experiences Growth, Cheems Witnesses Recovery.

Back in 1973, during the economic slump, some savvy investors saw an opportunity amidst the chaos. T...