Here 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 a radical 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 necessary; it’s a new mining pool protocol that, if extensively adopted, would assist to make the mining pool layer of bitcoin extra sturdy and decentralized by permitting particular person miners to assemble their very own blocks. On prime of the decentralization advantages it’ll present privateness and effectivity advantages for miners as nicely.
As Galaxy factors out of their analysis report, the time for a mining pool protocol is approach 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 in opposition to 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 carry Stratum V2 to market past what the workforce at Braiins has already completed through their firmware. That is necessary work that can not be overstated.
Talking of Braiins, they wrote a fast abstract of the Galaxy report right here in case you do not feel like studying the entire issues.
