Ore wins Solana hackathon despite disrupting Solana’s network in April
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 07 2024- Ore Wins Grand Prize: The team behind Solana-native crypto Ore won the "Grand Prize" at a hackathon despite causing blockchain disruption last month.
- Solana Transaction Issues: Solana faced transaction failure issues due to high demand for block space and failure to implement patches promptly.
- Ore Mining Operations: Ore team halted mining operations temporarily to optimize the system but has since recommenced mining.
- Ore Token Performance: The Ore (ORE) token surged by 115% to $270.8 after winning the award.
- Ore Project Details: Ore's codebase is based on Bitcoin's, allowing multiple miners to share block rewards and aims to make mining accessible with ordinary laptops.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
