Square Crypto Offers Grant To Bitcoin Developer Working Towards New Software For Miner Pools

Square Crypto has offered a grant to a Bitcoin developer working on software to improve how mining collectives pool hash power, as reported by CoinDesk.

The developer, who goes by Fi3 (@piccioneLibero2 on Twitter, or “free pigeon”), will receive an undisclosed amount to work on an implementation of Stratum V2, the next iteration of a Bitcoin mining protocol software developed by Braiins, a subsidiary of the Czech mining entity Slush Pool. Fi3 told CoinDesk they like the freedom that comes with a grant like this.

A mining pool is a collective of miners – from big industrial players to hobbyists farming in their basements – who combine their hash power to increase their collective chance of mining a block. The Stratum software coordinates this pooled mining. It will also give individual Bitcoin miners a say in which transactions they want to include in the blocks that the pools mine, allowing individual miners a bit more freedom in the process, among other advancements.

By Emily Mason

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