Bitcoin Mining Pool Protocol Stratum V2 Is Making Progress

This is 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 workforce at Galaxy Digital.

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

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

It’s unimaginable to see that there’s materials progress being made to deliver Stratum V2 to market past what the workforce at Braiins has already achieved by way of their firmware. That is essential work that can not be overstated.

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

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