Crypto Byte
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- Ore Mission Halts Mining: Due to Solana network congestion, Ore has stopped mining activities temporarily.
- Price Impact: Ore's price surged to over $300 post-announcement, while Solana dipped to $127.
- Ore's Distribution Mechanism: Ore used a PoW method on Solana for fair cryptocurrency distribution.
- Solana's Challenges: Solana faced transaction scheduling issues, with up to 75% of transactions failing.
- Revamp Plans: Ore will revamp its system for better efficiency and incentives for token holders.
- Future Plans: Ore's v2 will align with Solana's upgrades, with existing tokens upgradable to the new version.
