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Stratum V2 Bitcoin Network Upgrade Aims To Further Decentralization By Empowering Individual Miners
Summary: A new upgrade called Stratum V2 promises to further the decentralization of the Bitcoin network by helping smaller mining operations with ASIC mining equipment to have a more flexible and censorship-resistant route to communicating with mining pools, as reported by Forbes. The concept of decentralization is crucial because the more decentralized the network, the more security ...
A new upgrade called Stratum V2 promises to further the decentralization of the Bitcoin network by helping smaller mining operations with ASIC mining equipment to have a more flexible and censorship-resistant route to communicating with mining pools, as reported by Forbes.
The concept of decentralization is crucial because the more decentralized the network, the more security there is for users. Stratum V2 allows individual miners within a mining pool to choose their own blocks to mine rather than having to mine the one a pool proposes for them, while still benefiting from a more stable aggregation of mining rewards so they can defray volatility, Forbes reported.
The upgrade would allow a larger population of miners to enter into Bitcoin miner pools, taking power away from large mining operations with lots of expensive equipment who dominate the landscape.
By Emily Mason
Tags: Bitcoin,Bitcoin Mining,BTC
Link: Stratum V2 Bitcoin Network Upgrade Aims To Further Decentralization By Empowering Individual Miners [Copy]
