AntPool, F2Pool, and seven other major mining pools join the Stratum V2 Working Group to promote miner-validated transactions.
BlockBeats News, May 10th, the seven major Bitcoin mining pools - Antpool, F2Pool, Foundry, Spiderpool, Block, MARA Foundation, and DMND - have officially joined the Stratum V2 working group, marking a significant step towards the next generation open-source protocol for Bitcoin mining.
Reportedly, compared to the current V1 version where transaction batching is controlled by the pools, Stratum V2 introduces end-to-end encryption. This not only reduces bandwidth usage (60% reduction on the pool side and 70% reduction on the miner side) and the risk of hashrate hijacking, but also allows miners to construct their own block templates. Tests have shown that with lower latency and improved fee selection, the V2 protocol can increase miner revenue by up to 7.4%. (Bitcoin com)
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.
You may also like
The scale of cryptocurrency lending vaults has grown to over 10 billions dollars.
The Reserve Bank of Australia faces a dilemma in its rate hike path: the job market is cooling faster than expected, but inflationary pressures remain persistent.
Christopher Kent, Assistant Governor of the Reserve Bank of Australia (RBA), stated that the Australian labor market is showing signs of cooling faster than the central bank had anticipated. This highlights the dilemma faced by policymakers: striving to curb inflation while also preserving the gains already achieved in the job market.
Silver Price Forecast: XAG/USD gains above $57.50 as Fed rate hike bets decrease
Barclays raises target prices for several hotel stocks
Crypto prices
More
