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Bitcoin Mining Pool Protocol Stratum V2 Is Making Progress

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The beneath is a direct excerpt of Marty’s Bent Issue #1179: “Stratum V2 progress noticed within the wild.” Sign up for the publication right here.

Here’s one thing very encouraging to see; a working demo of Stratum V2 within the wild. Even higher, a working demo dropping on the identical day as an intensive report on Stratum V2 from the mining crew at Galaxy Digital.

If widely adopted, this mining pool protocol could help Bitcoin become more robust and decentralized.

through Galaxy Digital

For these of you freaks who’re unaware of or have forgotten what Stratum V2 is and why it is vital; it’s a new mining pool protocol that, if broadly adopted, would assist to make the mining pool layer of bitcoin extra sturdy and decentralized by permitting particular person miners to assemble their very own blocks. On high of the decentralization advantages it should present privateness and effectivity advantages for miners as effectively.

As Galaxy factors out of their analysis report, the time for a mining pool protocol is manner overdue. Especially when one considers the quantity of hashrate that has come and can proceed to be added to the community transferring ahead. The stakes are excessive and rising and the safety Stratum V2 supplies towards man-in-the-middle assaults is one thing that each miner wants as scrutiny of the bitcoin community will increase.

It is unbelievable to see that there’s materials progress being made to deliver Stratum V2 to market past what the crew at Braiins has already carried out through their firmware. This is vital work that can’t be overstated.

Speaking of Braiins, they wrote a fast abstract of the Galaxy report right here in case you do not feel like studying the entire issues.

Onward!

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