Get insights into ORE’s proof-of-work journey, including new features in V2, staking pools, and the project’s unique approach to building a broader ecosystem.

Full notes for this episode at: https://solfate.com/podcast/65
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Notes from the show

• ORE is a proof-of-work token that anyone can mine.
• The project aims to bridge Bitcoin to Solana.
• Mining is designed to be accessible to all users.
• The hash function used in ORE is non-parallelizable.
• Mining happens off-chain, with validation on-chain.
• The initial launch faced significant network congestion.
• The V1 system had issues with spam and transaction volume.
• A hard fork was necessary to transition to V2.
• The V2 redesign improved the mining experience.
• The project gained attention through its marketing strategy. The transition from V1 to V2 involved significant changes in reward structure and supply cap.
• Community feedback is crucial in shaping the monetary policy of the token.
• Participants in crypto can be categorized into three main groups: nerds, speculators, and utility seekers.
• Liquidity is essential for the success of ORE and its integration with real-world assets.
• Staking and mining pools are being introduced to enhance user participation and rewards.
• Horizontal integration can create a broader ecosystem for the ORE token.
• Liquidity is viewed as a key component of store value in the crypto space.
• The project aims to compete with traditional finance by offering decentralized alternatives.
• The ORE experiment is seen as a significant step in exploring new monetary policies.
• Community engagement and feedback are vital for the ongoing development of the ORE project.

Find HardhatChad and ORE online

• Follow HardhatChad on twitter - @HardhatChad
• Follow OREsupply on twitter - @OREsupply

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Nick

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• github: github.com/nickfrosty
• website: https://nick.af

James

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• github: github.com/jamesrp13

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GenesysGo is transforming decentralized storage with Shadow Drive, a fast, secure platform built on Solana, designed to rival traditional cloud solutions. And they are building it using mobile phones.

Full notes for this episode at: https://solfate.com/podcast/64
Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePod

PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)

Notes from the show

• GenesysGo is building the decentralized storage platform called Shadow Drive, which aims to provide speed, stability, security, and ease of use comparable to centralized web and cloud platforms.
• The team started as a validator on the Solana network and attracted a strong amount of stake. They then expanded to provide RPC network support and became the largest provider of RPC services on Solana.
• Shadow Drive addresses the storage challenges faced by validators by storing Solana's ledger history. The platform has grown to have an average of 130,000 daily active users.
• Decentralized storage offers cost savings in terms of bandwidth costs compared to centralized storage providers. Shadow Drive achieves this by leveraging the collective power of the network.
• The platform aims to decentralize revenues and distribute them to the operators of the network, providing a disruptive and cost-effective alternative to traditional storage providers. Shadow Drive V2 is a decentralized cloud storage platform built on the Solana network.
• The platform is designed to be resource-efficient and capable of running on mobile phones.
• It operates on a consensus algorithm that allows for censorship resistance and decision-making by the network consensus.
• Shadow Drive V2 leverages Solana as a base layer for identity, payment, and other functionalities.
• The platform aims to decentralize revenues by directly passing user fees to network operators.

Find Frank and GenGo online

• Follow Frank on twitter - @Frank_theTrader
• Follow GenesysGo on twitter - @GenesysGo

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Nick

• twitter: @nickfrosty
• github: github.com/nickfrosty
• website: https://nick.af

James

• twitter: @jamesrp13
• github: github.com/jamesrp13

Solfate Podcast

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Colosseum fuels Solana innovation! 🚀 $250K for startups, mentorship, and a $60M fund. Next hackathon begins September 2nd—be part of the future! #Solana #Blockchain #startup

Full notes for this episode at: https://solfate.com/podcast/63
Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePod

PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)

Notes from the show

• Colosseum combines online hackathons and accelerator programs to support Solana ecosystem startups.
• The accelerator program helps teams push towards a mainnet release and provides support in technical and non-technical areas.
• Colosseum invests $250,000 in each startup that goes through its accelerator program.
• Teams in the accelerator program receive feedback on legal and entity structure, team composition, and early customer communication.
• Colosseum evaluates teams based on their ability to ship quickly and efficiently. Colosseum provides funding, mentorship, and resources to early-stage projects in the Solana ecosystem.
• They run hackathons to identify talented teams and provide them with pre-seed funding and support.
• The accelerator program helps teams refine their ideas and secure additional funding.
• Colosseum plays a role in educating and convincing later-stage funds to invest in the Solana ecosystem.
• They are working on building a co-founder matching platform to help teams find the right partners.
• The next hackathon is scheduled for September 2nd to October 8th.

Find Matty and Colosseum online

• Follow Matty on twitter - @mattytay
• Follow Colosseum on twitter - @ColosseumOrg
• Colosseum website - Colosseum.org

Follow us around

Nick

• twitter: @nickfrosty
• github: github.com/nickfrosty
• website: https://nick.af

James

• twitter: @jamesrp13
• github: github.com/jamesrp13

Solfate Podcast

• twitter: @SolfatePod
• more podcast episodes: solfate.com/podcast
• collect episodes on Drip: drip.haus/solfate