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Solana mining project Ore v2 will be released in three stages.

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#DeFi
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TechFlow
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Jul 29, 2024

Deep Tide TechFlow news, Ore founder Hardhat Chad announced the ORE v2 version update on the Solana blockchain mining project. The main changes include:
- Canceling the administrator variable and switching to open-source algorithm management;
- Total supply limit of 21 million tokens, expected to be mined by 2064;
- Introducing a staking mechanism, with the potential to earn up to 2x mining rewards;
- Adopting a CPU-friendly hash function;
- Optimizing anti-whale attack strategies;
- Upgrading the client, with future support for more devices;
- Smart contracts can be upgraded in the initial stage and permanently frozen in the later stage;
- v1 tokens can be exchanged for the new ORE at a 1:1 ratio within 3 months;
- The new version will be rolled out in three stages: upgrading v1 metadata, activating token upgrades, and restarting mining. This update aims to enhance the project's decentralization and user engagement.

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