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If widely adopted, this mining pool protocol may help Bitcoin are more robust and decentralized.

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If widely adopted, this mining pool protocol may help Bitcoin are more robust and decentralized.

The below is really a direct excerpt of Marty’s Bent Issue #1179: “Stratum V2 progress spotted in the open.” Join the newsletter here.

Here’s something very encouraging to see; an operating demo of Stratum V2 in the open. Even better, an operating demo dropping on a single day as an intensive report on Stratum V2 from the mining team at Galaxy Digital.

For anybody freaks who are unacquainted with or have forgotten what Stratum V2 is and just why it’s important; this is a new mining pool protocol that, if widely adopted, would create the mining pool layer of bitcoin better quality and decentralized by allowing individual miners to create their own blocks. Together with the decentralization benefits it’ll provide privacy and efficiency benefits for miners aswell.

As Galaxy highlights within their research report, enough time for a mining pool protocol is way overdue. Particularly when one considers the quantity of hashrate which has come and will continue being put into the network continue. The stakes are high and rising and the protection Stratum V2 provides against man-in-the-middle attacks is a thing that every miner needs as scrutiny of the bitcoin network increases.

It really is incredible to note that there’s material progress being designed to bring Stratum V2 to advertise beyond what the team at Braiins has recently done via their firmware. That is important work that can’t be overstated.

Talking about Braiins, they wrote an instant summary of the Galaxy report here unless you feel like reading the complete things.

Onward!

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