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Ordinals founder: Stratum V2 is expected to promote the decentralization of Bitcoin mining, and miners can participate in testing

Ordinals founder: Stratum V2 is expected to promote the decentralization of Bitcoin mining, and miners can participate in testing

CointimeCointime2024/04/25 01:01
By:Cointime

Casey, founder of Ordinals, wrote on the X platform that the entire value proposition of Bitcoin depends on resistance to censorship, which can only be ensured through decentralized miner competition to produce blocks. Unfortunately, the current state of Bitcoin mining decentralization is not good. Many large pools that were previously considered independent now seem to be just agents of AntPool, with the same transaction selection strategy.

Stratum V2 is an upgraded version of the Bitcoin merge (pooled) mining protocol, which allows miners (rather than the pools they mine for) to choose the transactions included in each block, reducing payment differentials without sacrificing the ability to build block templates.

Stratum V2 has been developed for a long time, but it is operational and now basically ready, and Casey is calling on miners to participate in testing.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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