Orange Mining (V1.1)
ID 1284326447
About Orange
Orange (ticker: ORA) is a "mineable" Algorand Standard Asset fully managed by an open-source smart contract. It operates similarly to Bitcoin (ticker: BTC), where multiple parties can compete to earn a coin in a decentralized trustless manner. The mining mechanism of ORA is based on transaction fees: whenever any account submits a "mine" (juice) application transaction, the fee paid to the Algorand protocol is saved in the contract. The miner with the total highest amount of fees paid in total that has submitted a "mine" transaction within a given period is rewarded & coins are sent automatically after the next period of juicing, while their (and only their) total amount of fees paid is reset to zero. Fee effort is cumulative: only the winner has his effort reduced - even slow juicers eventually will reach the top, no matter which round. This means that ORA functions both as a store of value & as a way to reward users increasing the Algorand network throughput.
Base64
Decompiled
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Base64
Decompiled
CQ==
block
uint
38463835
token
uint
1284444444
halving
uint
0
last_miner
bytes
46IEJ3zScYVv//jamIZg5ZFKe+Bh0p+Wy+eEPEnUgXc=
mined_supply
uint
75481009356800
miner_reward
uint
104857600
total_effort
uint
1981632856264
current_miner
bytes
dEDTE56IVfwmNjGWxgsJ03Lkm3YBNMFGQldyNyexUDI=
halving_supply
uint
124518990643200
start_timestamp
uint
1704067200
last_miner_effort
uint
846398
total_transactions
uint
307150272
current_miner_effort
uint
497316
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Orange Minin…
