Spiral and Braiins have formed a working group to develop the Stratum v2 Bitcoin mining protocol. The main goal of the new protocol will be to make mining more decentralized, as well as make it harder to potentially censor the network at the protocol level. We decided to give you some details as this project is quite important for the future of Bitcoin as an independent project.
What do they want to do and why? To keep it simple:
Thus, the mass implementation of this protocol is planned for 2023.
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Bitcoin has undergone three conditional stages of evolution in the mining protocols used to validate blocks and achieve consensus in PoS. Stratum v2 is the third, new stage in the evolution of Bitcoin mining protocols, which creates a level of service and protection adequate to the current challenges.
While it’s not being talked about much in the press right now, the implementation of Stratum v2 will be just as important as the recent activation of the Taproot hardfork, which greatly expanded Bitcoin’s functionality and made a lot of noise in the news. The Stratum v2 solution will make the BTC mining subsystem more decentralized and almost immune to the full range of modern attacks and censorship attempts.
That’s why it’s important to be watching this topic, as it’s a quiet revolution in the stability of Bitcoin, which is becoming too popular and heavyweight for previous solutions.
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