ORE Launches Quantum-Safe Smart Wallet

Ore Supply, Solana’s favorite ecosystem native store-of-value, has announced the launch of a quantum-proof smart wallet. 

Designed to protect users against what may be the greatest threat crypto will face in the next decade, the CLI-based smart wallet is secured by a quantum-resistant Falcon 512 keypair.

The launch marks a critical step towards securing the long-term resilience of the protocol, which boasts the ecosystem’s highest token value accrual-to-market cap ratios.

Ore Supply Unveils Quantum-Proof Wallet

With a recently-teased v4 launch still on the horizon, Ore Supply has treated miners to an unexpected, but welcome, new product launch aimed at countering the risks of crypto’s impending quantum-threat. 

A first of its kind, Ore Supply’s quantum-resistant smart wallet is now live, enabling users to send, receive, and stake $ORE. 

Built on Vector, an offchain transaction signing primitive designed by Blueshift’s Dean Little, the CLI-based wallet is secured by a Falcon-512 keypair and operates under a 2/2 multisig. Ore Supply is not the only Solana-based team to give Falcon the nod of approval. A lattice-based signature scheme, Falcon has previously been touted as Solana’s leading signature scheme for a post-quantum future, as highlighted in recent research reports from Anza and Jump Crypto.

The Solana community reacted positively to the launch, with Solana Labs co-founder Anatoly Yakovenko remarking that the protocol’s new smart wallet positions $ORE as crypto’s first ever “quantum-safe store of value”.

Beyond its newfound quantum-resistance, Ore Supply has made additional recent commitments to platform security. On May 29, Ore immutably froze its staking contract, ensuring that ~272,500 $sORE, valued at over $31M, are immune to upgrade authority risks.

Ore Leads Solana Projects in Holder Revenue to Market Cap 

The launch comes after a strong period of growth for the ORE protocol. Amidst trying market conditions, Ore Supply has programmatically allocated over $3.28M worth of platform revenue to token buybacks, driving a 123% price appreciation in the past 30 days.

$ORE’s strength in recent weeks is supported by its powerful token accrual mechanic, which allocates 99% of platform fees to buying back and burning $ORE as a means of offsetting mining issuance. 

According to DefiLlama data, ORE Supply boasts the highest Holder Revenue-to-Market Cap ratio in the Solana ecosystem, edging out heavyweights like pump.fun. 

Miners now eagerly await the launch of the protocol’s v4 update, which founder Hard Hat Chad has hinted will “address many of the mechanics that give people initial pause and hesitation.”

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