ORE
ORE is future-proof electronic cash.ORE It aims to advance the original vision of cryptocurrency established by Satoshi Nakamoto: creating a digital currency that cannot be harmed by debasement or controlled by centralized institutions. Bitcoin solved the double-spending problem.Solana At the 1 layer, it solves the scalability problem. Modern wallets improve the experience of users self-custodying their assets.ORE solves the value-leakage problem of proof-of-work.ORE Built on Solana, it inherits the network's scalability, composability, and capacity for future upgrades, including privacy enhancements, without incurring the trade-offs traditionally associated with securing blockchain consensus. Therefore, we describe ORE(inheriting Bitcoin's concept of “peer-to-peer electronic cash”) as: -ORE the asset, a future-proof electronic cash system. -ORE the protocol, a future-proof electronic cash system operating on Solana.ORE is named after Nicole Oresme, a 14th-century philosopher and economist who argued that money should belong to those who use it, rather than to rulers who debase it. This idea forms the foundation of the protocol: in many respects,ORE continues an idea that is centuries old—that monetary systems are strongest when governed by rules rather than rulers.
Overview
ORE is future-proof electronic cash.ORE It aims to advance the original vision of cryptocurrency established by Satoshi Nakamoto: creating a digital currency that cannot be harmed by debasement or controlled by centralized institutions. Bitcoin solved the double-spending problem.Solana At the 1 layer, it solves the scalability problem. Modern wallets improve the experience of users self-custodying their assets.ORE solves the value-leakage problem of proof-of-work.ORE Built on Solana, it inherits the network's scalability, composability, and capacity for future upgrades, including privacy enhancements, without incurring the trade-offs traditionally associated with securing blockchain consensus. Therefore, we describe ORE(inheriting Bitcoin's concept of “peer-to-peer electronic cash”) as: -ORE the asset, a future-proof electronic cash system. -ORE the protocol, a future-proof electronic cash system operating on Solana.ORE is named after Nicole Oresme, a 14th-century philosopher and economist who argued that money should belong to those who use it, rather than to rulers who debase it. This idea forms the foundation of the protocol: in many respects,ORE continues an idea that is centuries old—that monetary systems are strongest when governed by rules rather than rulers.