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Ore wins Solana hackathon despite disrupting Solana’s network in April

A sudden rise in Ore mining transactions was one of the main culprits behind Solana’s April congestion issue, where up to 70% of non-vote transactions were rejected.

The team behind the proof-of-work powered Solana-native crypto Ore has won the “Grand Prize” at a Solana Foundation-backed hackathon despite the project majorly disrupting the blockchain in April.

Ore won $50,000 in USD Coin (USDC) for its efforts in the May 6 “Solana Renaissance Hackathon” focused on finding Solana’s “next wave of high-impact projects.”

However, the sudden rise in Ore mining transactions, combined with the recent memecoin mania, were two of the main contributors behind Solana’s transaction failure issue in mid-April, which saw more than 70% of non-vote transaction requests being knocked back at first instance.

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Uganda Claims Exploration Surveys Discovered 31 Million Metric Tons of Gold

Uganda Claims Exploration Surveys Discovered 31 Million Metric Tons of GoldWhile gold is often considered a scarce asset, Uganda explained on Wednesday that recently conducted exploration surveys indicate that there’s roughly 31 million metric tons of gold ore waiting to be mined in the region. Moreover, a spokesperson from Uganda’s Ministry of Energy and Mineral Development said there’s an estimated 320,158 tonnes of refined gold […]

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