TechFlow reports that Hardhat Chad, the anonymous creator of Ore, a mining project on the Solana blockchain, announced ORE v2 will have a hard cap of 21 million tokens. The initial launch of ORE was intended to test the "PoW on PoS" concept and create a fairly launched token. Due to community feedback, the v2 contract will introduce a supply cap to enhance inflation protection.
The supply function for ORE remains unchanged in v2, continuing to mine at a steady rate of 1 ORE per minute, with the full supply expected to be mined out by 2064. The founder aims to realize the original vision of cryptocurrency as peer-to-peer electronic cash by leveraging Solana's high-speed payment network and ORE's fixed supply. Currently, the v2 audit is in its final stage, and the client software is being prepared for release.
Previous report, Colosseum announced the winners of the Solana Renaissance Hackathon: mining project Ore won the grand prize.
