Solana

Ore (v1)

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Rewards

Chad

<ul>
 <li>Hardhat Chad proposes rewarding users with SOL tokens for testnet activities on Solana.</li>
 <li>This incentivizes community involvement in testing, aiming to enhance platform performance.</li>
 <li>&nbsp;Mixed community responses highlight diverse opinions on addressing Solana’s congestion issue.</li>
</ul>
<p>Solana, a blockchain network renowned for its speed and scalability, recently faced a <a href="https://cryptonewsland.com/solana-co-founder-advocates-for-ore-fork-to-evaluate-network-resilience/" rel="noopener noreferrer nofollow">significant challenge</a> as users encountered a surge in failed transactions, with the failure rate soaring to a staggering 75%. The congestion issues rattled the community, prompting urgent measures to resolve the situation.</p>
<p>In response to this pressing issue, Solana is taking proactive steps by launching its first update to mainnet validators. This move aims to address the ongoing congestion and restore seamless functionality to the network. However, amidst these efforts, one individual has stepped forward with a groundbreaking proposal that could potentially revolutionize how Solana tackles its congestion woes.</p>
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   <p lang="en" dir="ltr">Imho if solana wants to incentivize testnet spam, foundation should offer a SOL incentive</p>— Hardhat Chad (@HardhatChad) <a href="https://twitter.com/HardhatChad/status/1780418406245597621?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 17, 2024</a>
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<p>Enter Hardhat Chad, the visionary behind the Ore project. Chad’s proposal suggests offering rewards in the form of SOL tokens to users who actively participate in testnet activities. By incentivizing community engagement in testing new features and protocols, Chad believes that this approach can not only enhance platform performance but also identify and rectify potential issues before deployment to the mainnet.</p>
<p>However, as with any innovative proposal, the community response has been diverse. While some fervently support Chad’s idea, others express skepticism. One notable figure, TheSoftwareJedi, suggests a different path, urging Chad to prioritize building his project and seeking funding independently from the Solana Foundation.</p>
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   <p lang="en" dir="ltr">Nooooo this is not the way. Build your project; do the testnet bridge. They can possibly prop up ORE price – but build it first, show them your good will. They will appreciate.<br><br>If you want some funding, get a grant from them. It’s WAY better if it’s a standalone project and not…</p>— Dana (@TheSoftwareJedi) <a href="https://twitter.com/TheSoftwareJedi/status/1780449268245147655?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 17, 2024</a>
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<p>In the midst of this discourse, Chad remains resolute in his vision for Ore. He clarifies that Ore’s objective is not merely to develop a testnet tool but to establish a robust currency. Despite the varying opinions, it’s evident that community engagement and diverse perspectives are integral to shaping the future trajectory of Solana.</p>
<p>Meanwhile, Solana developers have rolled out a mainnet beta <a href="https://cryptonewsland.com/solving-solanas-snags-update-v1-17-31-unleashed/" rel="noopener noreferrer nofollow">update, v1.17.31,</a> aimed at alleviating network congestion. This initial fix targets the bottleneck issue, with further enhancements planned for subsequent updates.</p>
<p>In conclusion, while challenges persist, the Solana community remains steadfast in its commitment to overcoming obstacles and driving innovation. With visionary proposals like Chad’s and ongoing development efforts, the future of Solana in the crypto industry appears promising, filled with possibilities for growth and advancement.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/solana-co-founder-advocates-for-ore-fork-to-evaluate-network-resilience/" rel="noopener noreferrer nofollow">Solana Co-founder Advocates for ORE Fork to Evaluate Network Resilience</a></li>
 <li><a href="https://cryptonewsland.com/iota-2-0-reveals-role-of-mana-in-its-congestion-control-mechanism/" rel="noopener noreferrer nofollow">IOTA 2.0 Reveals Role of Mana in its Congestion Control Mechanism</a></li>
 <li><a href="https://cryptonewsland.com/solving-solanas-snags-update-v1-17-31-unleashed/" rel="noopener noreferrer nofollow">Solving Solana’s Snags: Update v1.17.31 Unleashed</a></li>
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<p>The post <a href="https://cryptonewsland.com/revolutionizing-solana-ores-sol-rewards-a-game-changer-in-tackling-congestion/" rel="noopener noreferrer nofollow">Revolutionizing Solana: Ore’s SOL Rewards – A Game-Changer in Tackling Congestion</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Revolutionizing Solana: Ore’s SOL Rewards – A Game-Changer in Tackling Congestion

Crypto News Land

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