Ore Founder: Ore v2 will be upgraded in three stages.
Powered by ChatGPTForesight News reported that Hardhat Chad, the founder of the Solana blockchain mining project Ore, has released the ORE v2 version update. The new version will be upgraded in three phases (upgrading v1 token metadata, activating the v1 to v2 upgrade, and activating mining). The version update aims to enhance the project's decentralization and user participation. Specific details include: eliminating administrator variables and using open-source algorithms for management; limiting the total supply to 21 million tokens, with mining expected to be completed by 2064; introducing a staking mechanism with the potential to earn up to 2 times mining rewards; optimizing anti-whale attack strategies; allowing initial smart contract upgrades with permanent freezing in the later stages; and enabling a 1:1 exchange of old v1 tokens for new ORE tokens within 3 months.