The project is experimenting with combining PoW’s security with Solana’s fast transaction capabilities. It currently sits at $133, worsening a bearish trend. Solana operates on a proof-of-history and proof-of-stake consensus, facilitating high throughput and low transaction costs. The framework heavily differs from Bitcoin’s energy-intensive PoW mechanism, which Ore initially sought to replicate on Solana.
Looking ahead, the Ore project plans to introduce a revamped version of its token with structural incentives for holdings as Solana implements updates to enhance performance and manage congestion.
