Ore

ORE aims to manage digital identities and assets across multiple blockchains, facilitate cross-chain transactions, and provide a user-friendly onboarding experience for both blockchain and non-blockchain companies.

Users can participate by creating an account on the ORE Network, engaging in mining activities, or developing applications that integrate with ORE's cross-chain solutions.

ORE's unique features include its custom cryptographic hash function, DrillX, designed to be friendly to standard CPUs and resistant to ASIC speedups, promoting a more democratic mining process. Additionally, its reward distribution mechanism pays out rewards to all miners every round, proportional to the difficulty of the hashes they submit, ensuring predictable earnings for participants.

ORE's smart contracts are audited by multiple companies, including DrivenX Security, Consensys, and Certik Audits, ensuring a high level of security for the platform.

Potential risks include high inflation rates in the early years due to linear token distribution, which may impact token value. However, the team believes this is important for jumpstarting a wide token distribution and maintaining mining incentives.