Bitcoin Mining Pool Protocol Stratum V2 Is Making Progress
If widely adopted, this mining pool protocol could help Bitcoin become more robust and decentralized.The below is a direct excerpt of Marty's Bent Issue #1179: "Stratum V2 progress spotted in the wild." Sign up for the n...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
If widely adopted, this mining pool protocol could help Bitcoin become more robust and decentralized.
The below is a direct excerpt of Marty's Bent Issue #1179: "Stratum V2 progress spotted in the wild." Sign up for the newsletter here.
Here's something very encouraging to see; a working demo of Stratum V2 in the wild. Even better, a working demo dropping on the same day as a thorough report on Stratum V2 from the mining team at Galaxy Digital.
via Galaxy DigitalFor those of you freaks who are unaware of or have forgotten what Stratum V2 is and why it's important; it is a new mining pool protocol that, if widely adopted, would help to make the mining pool layer of bitcoin more robust and decentralized by allowing individual miners to construct their own blocks. On top of the decentralization benefits it will provide privacy and efficiency benefits for miners as well.
As Galaxy points out in their research report, the time for a mining pool protocol is way overdue. Especially when one considers the amount of hashrate that has come and will continue to be added to the network moving forward. The stakes are high and rising and the protection Stratum V2 provides against man-in-the-middle attacks is something that every miner needs as scrutiny of the bitcoin network increases.
It is incredible to see that there is material progress being made to bring Stratum V2 to market beyond what the team at Braiins has already done via their firmware. This is important work that cannot be overstated.
Speaking of Braiins, they wrote a quick summary of the Galaxy report here if you don't feel like reading the whole things.
Onward!
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Bitcoin’s Bear Market Is Over, Galaxy Says
Bitcoin Magazine Bitcoin’s Bear Market Is Over, Galaxy Says Galaxy Research believes bitcoin’s bear market ended in June and that...
AI agents help rescue ETH’s Glamsterdam fork, ‘Steal My Bitcoin’ site: Hodler’s Digest
Similar to the Hugging Face hack, Ethereum researchers have set up an AI Agent message board to help rescue the Glamsterdam fork....
Lido Puts Liquidity Buffers At The Center Of Ethereum ETP Yield Debate
An Ethereum investment product can advertise staking exposure without putting every unit of its ETH to work. Lido’s October 23 com...
Lido Opens Higher-Balance Ethereum Validators With A Deliberately Small Start
Lido has opened a permissionless route to Ethereum validators that can hold much larger effective balances, but the first allocati...
Galaxy Research says Bitcoin’s bear market ended in June as accumulation begins
Bitcoin's transition to an accumulation phase suggests potential long-term growth, but cautious optimism is advised due to uncerta...
South Korea’s Crypto Tax Faces Fourth Delay as 2029 Date Looms: Report
South Korea is preparing to push its cryptocurrency gains tax back for a fourth time, according to local reporting, potentially gi...