[Blockchain News] According to ChainCatcher, Solana's on-chain mining project Ore announced that it will suspend mining in order to focus on the development of version v2. All existing Ore tokens can be upgraded to new v2 tokens at a 1:1 ratio, and there is no deadline for claiming rewards.

Ore developers said that mining will resume after the current system problems are resolved. They are rebuilding the open source client software for users, and the process is expected to take several weeks because the changes need to be implemented, tested, and audited.

It is reported that ORE is a mineable token that was deployed to Solana on April 2, providing people who deposit SOL into smart contracts with the opportunity to obtain a protocol reward of 1 ORE per minute by correctly solving cryptographic puzzles similar to proof-of-work operations. The suspension of mining this time is also for better development. Let us look forward to the new version of Ore!