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Cryptocurrency News Articles

Solana Co-Founder Proposes ORE Protocol Fork for Stressing and Rewarding Network

Apr 15, 2024 at 01:13 pm

To alleviate Solana blockchain's network congestion issues, co-founder Anatoly Yakovenko proposes forking the ORE protocol for stress testing. This proposal aims to attract miners and testers to generate traffic on Solana's testnet, revealing any potential congestion issues. By airdropping rewards on the mainnet, Yakovenko incentivizes participation, with the goal of identifying any bottlenecks and ensuring the blockchain's long-term stability.

Solana Co-Founder Proposes ORE Protocol Fork for Stressing and Rewarding Network

Solana Co-Founder Anatoly Yakovenko Proposes ORE Protocol Fork for Network Stress Testing and Airdrop Rewards

In a bold move to address Solana's network congestion issues, co-founder Anatoly Yakovenko has put forward an open proposal to the community, calling for the forking of the ORE protocol to conduct extensive network stress tests. This proposal aims to harness the power of ORE's mining mechanism to generate high levels of network traffic, revealing any potential bottlenecks or limitations.

The Genesis of the Proposal

Yakovenko's proposal emerged in response to a post by Chaofan Shou, a PhD student at the University of Berkeley. Shou had shared details of his innovative mining setup, which reportedly generated an estimated $10,000 in daily revenue from ORE mining. Recognizing the potential of ORE's mining mechanism, Yakovenko proposed leveraging it to stress test Solana's network.

ORE: A Solana-Based Token with a Unique Claiming Mechanism

ORE is a Solana-based token that utilizes a unique mining mechanism to enable users to claim rewards. Yakovenko highlighted that despite ORE's setup relying on bloXroute and Jito Bundles, its forking would likely garner widespread interest within the community.

Airdrop Rewards and the Potential for Mass Adoption

The proposal suggests establishing an ORE fork on Solana's testnet, with rewards airdropped to participants who contribute to the stress testing by operating miners. This incentive structure aims to attract a large number of users to the testnet, potentially thousands or even millions, generating enough network traffic to expose any potential congestion issues.

Strategic Benefits for Solana

Yakovenko emphasized the strategic benefits of this approach for Solana. The stress testing would provide valuable insights into the network's capacity and identify areas for improvement. The airdropped rewards would incentivize participation and promote the adoption of Solana's blockchain.

Community and Developer Support

The proposal has received support from Solana's core developers and all validators. This endorsement demonstrates the community's commitment to finding innovative solutions to the network's challenges and exploring new avenues for growth.

Conclusion

Yakovenko's proposal to fork the ORE protocol for network stress testing and airdrop rewards is a significant step towards addressing Solana's network congestion issues. By leveraging ORE's mining mechanism and offering incentives for participation, Solana aims to attract a vast pool of testers and gather crucial data to improve the network's long-term viability and scalability. This move underscores Solana's commitment to innovation and its dedication to providing a robust and efficient blockchain platform for developers and users alike.

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